Senior Consultant at Liontree HR
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AVP - Compliance - General Insurance/Life Insurance (9-15 yrs)
We are looking AVP Compliance for General Insurance Co at Mumbai
AVP Compliance for General Insurance Co - candidates only from General Insurance or Life Insurance Apply
a. To support & ensure the distribution channels arrangements are within regulatory requirements
b. To support & ensure the business sourced by distribution channels meets the regulatory requirements
c. To advise and suggest the internal functions on Products, issuance of Policies, Payments of Commission, Remunerations & Rewards and other regulatory related matters
d. To advise respective functions including internal audit and risk management on business deliverables, acceptance of risk, reviewing of controls etc, to comply the Corporate Governance guidelines by the Respective Functions.
a. To review and ensure over all internal systems controls which are required to achieve compliance with respect to IRDAI regulations and Generali Policies.
b. To review and ensure products and procedures (Offline and Online) that are meeting regulatory requirements
c. To take part in product design, construction, pricing with Product development team and discuss and highlight the same to the PURMC during its meetings.
d. To review and ensure overall compliance of product filing procedure and controls at time of issuance of policies
e. To support functions during internal audits and inspections with respect to product regulations.
a. To monitor and ensure compliance of overall AML guidelines.
b. To monitor and review on CTRs and STRs
c. To monitor and review on customer screening with sanctioned lists
d. To prepare and publish AML training material to L&D to comply on training requirements
e. To ensure the uploading on CKYC on CERSAI portal.
f. To ensure timely reportings of AML to IRDAI and FIU
a. To support legal team in compliance of outsourcing regulations while drafting outsourcing arrangement agreements.
b. To legal team in finalizing outsourcing returns/ reports to be filed with IRDAI.
c. To support legal team in compliance requirements for distribution Agreements
5. To nurture talent within the team and train them to take higher responsibility