Compliance Officer - General Insurance

Hiring for the role of Compliance Officer (General Insurance Domain Only) |General Insurance Organisation| WFO | Mumbai

Role Description:

Key Objective of the Job: To enable the business in operating according to applicable regulatory requirements, operating processes, and policies. Responsible for identifying non-compliance issues and working to correct the issue.

Major Deliverables:

- Responsible for all compliance, regulatory, policies and processes as applicable.

- Implementing and managing the compliance framework of the company.

- Identify root causes of non-compliance events. Provide recommendations on corrective actions.

- Identify various risks and prepare the risk framework of the company. Evaluate the implementation and make changes as appropriate to the risk framework.

- Prepare reports outlining recommendations for improvements.

- Design action plans to ensure robust compliance.

- Maintain appropriate records.

- Coordinate, prepare, or review regulatory documents or submissions.

- Represent the company before the Regulatory authorities and Board.

- Keeps oneself updated on best practices and high on Market intelligence.

- Having good knowledge and process understanding of Insurance business

- Should be able to work as a team player with other functions.

- Well versed with IRDAI Regulations & Guidelines.