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Director at Catalysts Edutech Private Limited
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Deputy Risk Manager - Life Insurance (1-4 yrs)
Candidate Requirement - Candidate should have at least 1 year IRDA regulatory reporting experience in Life Insurance Industry
Job Purpose - To Establish the Corporate Compliance framework, defining, developing and directing business policies and procedures to ensure Regulatory compliance within the organization.
Accountabilities -
- Develop the compliance framework based on the position taken by BSLI on all regulatory norms.
- Ensure correct reporting and submissions to IRDAI within defined timelines. These have zero tolerance from the Regulator.
- Interpret the regulatory guidelines & work with the function to ensure total compliance with them.
- Plan and develop procedures to ensuring the management is appraised with the regulatory changes & their implication.
- Develop framework to review & check adherence with the regulatory norms
- Review exception/ deviation, provide procedural exception to functions relation to regulatory norms.
- Preparation/updation of checklist of regulatory requirements for all functions
- Discussion on the checklist with the respective functions for their inputs on changes if any required.
- Carry out compliance reviews as mentioned in the activity calendar
- Circulate the review report to the stakeholders with the recommendations within the prescribed Timeline
Salary offered: 6 - 7 LPA
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