Deputy Chief Manager/Chief Manager - Regulatory Compliance - BFSI

It is Regulatory Compliance role at Deputy CM/Chief Manager in Risk team. A minimum experience of 8 yrs with relevant exp of at least 5-7 yrs. A good combination of Banking and Insurance experience in the regulatory compliance

Job Description:

- To Establish the Corporate Compliance framework, defining, developing and directing business policies and procedures to ensure Regulatory compliance within the organization.

- Develop the compliance framework based on the position taken by company on all regulatory norms.

- Interpret the regulatory guidelines & work with the function to ensure total compliance with them.

- Vet business models, internal policies & procedures developed by all functions to ensure that they are in strict adherence to Zero tolerance policy with regards to Regulatory compliance.

- Plan and develop procedures to ensuring the management is appraised with the regulatory changes & their implication.

- Prepare and appraise the Management including the Board and Audit Committee to ensure that instances of regulatory non-compliances are dealt with swiftly and firmly

- Develop framework to review & check adherence with the regulatory norms

- Review exception/ deviation, provide procedural exception to functions relation to regulatory norms.

- Coordinate with the IRDA on regulatory audits

- Establish Anti Money Laundering framework

Note: Candidate should have atleast 4 year IRDA regulatory experience in Life Insurance Industry