Chief Compliance Officer - Insurance

Our client is a Life Insurance company and hence only candidates from Life Insurance need to apply.

The CCO is responsible to :

- Oversee the compliance with the applicable regulation

- Provide advisory and support to the local Executives and different Business Units on compliance matters and risks

- Manage the Compliance Function in accordance with the applicable external and internal regulations, and in accordance with the Group Compliance Management System Policy, Group Compliance Operating Model and relevant Group Anti-Financial Crime (AFC) policies

- Perform compliance risk identification, assessment, advising on the identification of mitigation actions and support on the identification on potential remedial actions

- Perform second level controls, including test of control design and effectiveness

- Perform reporting obligations to Group/Regional Compliance, local management, Risk Committee and local Board of Directors (BoD)

- Ensure the implementation of the Compliance Operating Model in line with the Compliance Management System Policy

- Advising on maintaining the AML/CTF & International Sanctions Control framework and undertaking his/her responsibilities as AFCO/MLRO

Experience : S/he should be a qualified compliance professional, with minimum 14+ years of relevant experience in a regulated industry like Life insurance and must have prior experience in managing regulators like IRDAI, SEBI, and RBI etc.