Compliance Officer - BFS

Key responsibilities Accountabilities

Business Outcomes

- Analyze Insurance regulation risk based upon the Regulatory Risk Assessments

- Liaison with IRDA

- Prepare practical work programs that effectively test compliance with the applicable regulations of the SIBPLs operations

- Conduct compliance reviews to determine the effectiveness of the compliance program in an effective and timely manner

- Assess and challenge whether the control framework meets regulatory expectations

- Track the status of issues identified during reviews, assess the actions taken and ensure they remediate the risks

Risk, Process & Compliance

- Prepare detailed workpapers to support the results of the review

- Report and present findings and observations

- Develop draft report of review results

- Complete monthly governance reporting

People

- Ensure establishment of goal setting and targets along with periodic reviews to achieve the objectives of the function

- Attend all the mandatory trainings required to meet the requirements of the role

- Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work.