Chief Manager - Compliance & Legal - Insurance - CS/LLB/LLM

Job Description:

Designation: Chief Manager - Compliance and Legal

Employment Type: Full Time

Location: Corporate Office Mumbai

Reporting to: Head Legal & Compliance

Department: CS & Compliance

Responsibilities:

- Regulatory filings with IRDAI and other regulatory bodies.

- Tracking of IRDAI circulars and penalty orders and dissemination of the same to all Stakeholders.

- Identifying new laws and regulations applicable to the Co. and ensuring its implementation across functions also keeping track on updates of regulatory and other statutory requirements on an ongoing basis.

- Implementing processes and controls for IRDAI reporting and ensuring timely reporting with IRDAI and Board as per statutory requirements.

- Preparing and updating compliance checklist for various departments in line with the IRDAI Act, Rules and Regulations.

- Ensuring implementation and closure of various actionable arising from new circulars/regulations.

- Communicating and sharing compliance requirements with stakeholders.

- Ensuring compliance with the IRDAI Guidelines on Outsourcing, AML, F&U, Advertisements, places of business etc.

- Drafting and implementation of policies required as per regulatory requirements.

- Assisting in reviewing insurance policies & product related documents such as marketing and branding activities, customer communications, promotional materials and advertisements, sales and distribution related activities to ensure compliance with regulatory requirements of IRDAI.

- Assisting in conducting need based Compliance training programs and awareness sessions.

- Filing various returns on BAP.

- Drafting and vetting of legal documents namely Non-Disclosure Agreement, Master Service Agreement etc.

Candidate Profile:

- Candidates should be LL.B / LLM / CS with about 6 to 10 years experience in the General Insurance, Compliance & Legal function.