Brief Objective of Position &amp; Its Contribution to the Business Responsible for 1st line of defense for Insurance and Investment products - Established a sound regulatory compliance framework, regulatory engagement &amp; policy advocacy program. - Build strong regulatory engagement &amp; direct liaison with all functions and insurance partners - Draw a detailed and efficient process for implementing all applicable regulations by RBI, IRDAI, PFRDA &amp; SEBI for Insurance and Investment Business - Always ensure and be ready with all functions for regulatory compliance and audit. - Represent the Bank in various industry bodies of digital, fintech other working groups on regulatory policies, advocacy programs. - Create regulatory knowledge for new and renewals of licenses and related registrations. Key Responsibilities - Ensure Compliances pertaining to Insurance, Mutual Fund, NPS, PFRDA, PMJJBY, PMSBY, DEMATE. - Ensure IRDA and AMFI Certification as per regulatory norms - Implement all regulatory framework &amp; policies &amp; internal governance policies along with all insurance partner in sales and service. - Liaison with Regulators &amp; Industry bodies for regular updates - Evaluate the impacts of any new regulation, decision, ability to anticipate issues and proactively create a solution for open gaps and risks - Build process around regulatory compliance requirements - New product &amp; Process approvals Ensure applicability of law like data protection, new license regulations and structure/reporting. - Design and implement Sales Process Reviews across all channels - DST, Tele Sales, Web Sales, Group Insurance, POS channels. - Conduct Compliance Training Sessions in New Employee Orientation - Set up complete monitoring and tracking program, checklist rollout, Action trackers and reports - Review all marketing collaterals, literature, factsheets, communiques, and communications - Regulatory reporting - Filings monthly / Quarterly report reports, Annual Audit Certification, and independent audits - Monitoring of AML / FATCA compliance and its reporting - Conducting and arranging Committee meetings - valuation committee, investment committee - Liasoning with Internal auditors and statutory auditors and effectively handling SEBI, IRDA, PRFDA inspections - Working with Company Secretary to ensure Compliance with ROC procedures - Preparation of required material for board meetings Job Specification (Competencies required to perform the role) Qualifications - LLB/ MBA finance/ CA (addl. qualification of CS /LLM will be added advantage. LLB preferred because the role involves interpretation and engagement for policy and regulations). - Minimum 12-15 years post-qualification in regulatory, legal and compliance function with direct engagement with financial sector regulators like RBI, SEBI, IRDAI, PFRDAI. - In-house regulatory or compliance portfolio of financial services company handling inspection and audit by regulators, direct engagement with regulators. Functional Competencies : - Advance Excel with VB and Macros, Reporting skills and Presentation - Committed and ready to work under constraints/ pressure. - Liaison skills and ability to participate in industry associations, fintech committees and place the company's viewpoint on regulatory enablement's and issues. - Demonstrated ability to handle regulatory inspections and audits independently. - High degree of professional ethics and integrity, Excellent judgement and analytical skills, good interpersonal skills - Strong &amp; Effective communication and influencing skills Behavioral Competencies : - Self-Driven &amp; Proactive - Result Oriented with a positive outlook - Well-presented and business-like - Good speaking &amp; writing skills - Stable career history, Exceptional work ethic &amp; drive, Willing to travel

Jaipur

Mumbai

AU Small Finance Bank - DVP/AVP - Insurance Distribution Audit & Compliance 

AU Small Finance Bank - DVP/AVP - Insurance Distribution Audit & Compliance  ,Job Description for AU Small Finance Bank - DVP/AVP - Insurance Distribution Audit & Compliance  in Au Small Finance Bank Limited in  Jaipur Mumbai for (15-25) years of experience. Apply Now!

Job Description for AU Small Finance Bank - DVP/AVP - Insurance Distribution Audit & Compliance  in Au Small Finance Bank Limited in  Jaipur Mumbai for (15-25) years of experience. Apply Now!