Deputy Chief Manager/Chief Manager - Regulatory Compliance - Life Insurance

Industry - at least 4 yrs of regulatory compliance in Life Insurance is a must; General Insurance also is fine

Age - Max 32 yrs

Candidate Requirement - Candidate should have atleast 4 year IRDA regulatory experience in Life Insurance Industry

Regulatory Compliance pointers on the role

- Define key risk indicators and implement monitoring plans.

- Provide advisory and consulting support to various internal stakeholders.

- Data analysis on various key parameters to identify gaps and suggest corrective action plan.

- SOP review of various processes to ensure adherence of Regulatory requirements.

- Track and Implement IRDAI/RBI new laws and regulations to meet regulatory risk compliance.

- Build and deploy compliance engagement model. This includes internal e-learning modules, periodic trainings and communications.

- Review and approve all the Advertisement/Sales Material.

- Track IRDAI Advisory items and co-ordinate with concern stake holders for preparation for next IRDAI onsite inspection.

JD is as follows:

Job Purpose

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

- To establish anti money laundering framework as per the PMLA guidelines issued by FIU. To develop policy, system, procedures, rules to identify & evaluate and report transactions as per the PMLA requirements.

Accountability

- Develop the compliance framework based on the position taken by our client 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 at our client place