Deputy Risk Manager - Life Insurance

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