Posted By
Posted in
Banking & Finance
Job Code
215774
Company Profile: Currently we have a senior vacancy as Head-Risk & Compliance based in Mumbai with our clients who are a large, profitable, rapidly expanding, professionally managed insurance org.-World Leaders in their field and having substantial presence in India and overseas.The position is reports to the Indian CEO & Global Head-Risk & Compliance. Our clients offer excellent salary/ perks / benefits and career growth paths.
Position Details: Responsible for the implementation and enforcement of the Risk & Compliance and Professional Standards for India. Will report to the Asia Chief Risk & Compliance Officer, implement and enforce Risk & Compliance and Professional Standards efforts for the company.
KRAs & Specific Roles:
- Responsible for the support and implementation of Risk & Compliance efforts for the company and promotion of an ethical and legally compliant business culture. Partner with senior management and regional compliance teams to achieve desired compliance results.
- Is accountable for ensuring participation and execution of compliance standards in the areas of Compliance policy enforcement, Professional Standards, Client Service Agreements, Errors & Omissions (E&O), and Learning (HR).
- Actively participates on appropriate executive, leadership, and/or operating committees, so as to ensure the Risk & Compliance function is integrated with business operations.
- Responsible of managing regulatory relationship with and reporting to local bureaus across China.
- Responsible for conducting process reviews with members of the local office and/or department compliance network to ensure transparency processes and procedures are effectively implemented and utilized.
- Responsible for ensuring all TPP submissions, renewals and payments comply with company policy and procedure; ensure on time submission and renewal.
- Interpret regulations/directives and global/regional policies; and develop procedures, policies, processes and training to support the compliance function in conjunction with all internal and external standards and regulations and communicates and executes within the country/practice.
- Authorized to investigate all compliance and procedural issues including recommendations to the Risk and Compliance committees for consequences of potential non-compliance based on facts identified through the investigation process under auspices of Internal Review & Response.
- Provides input to senior operational leadership on the status of compliance, transparency, and overall professional liability performance of colleagues.
- Responsible for implementing an effective E&O network and ensuring effective processes exist to address E&O Prevention (Pre Loss) and Mitigation (Early Intervention Committee Reviews Oversight).
- Partners with E&O coordinator in triaging, investigating, mitigating, and closing claims as well as assisting in reviewing claims history, identifying trends, and developing awareness education to avoid repeatable incidents.
Member of India Risk & Compliance committee or any similar effort of the company.
Candidate Profile:
- LLB with 10 - 20 years industry experience. Have Operational brokerage experience from advisory, placement or consulting organisations.
- Has the ability to work well within a matrix organization. Process improvement training for identification of areas to create greater efficiency; and the ability to drill down to root causes, develop solutions, and lead process change.
- Aptitude and attitude for Risk & Compliance, ethical behavior and avoiding conflicts of interest demonstrated by personal integrity and accountability.
- Continued training in Professional Standards and Compliance so as to serve as subject matter expert in area of responsibility.
- Works collaboratively and collegially with all operational colleagues to be a partner so Risk & Compliance becomes a differentiation in serving our clients and is a competitive advantage for the company.
Prakash Kewalramani
B.Tech (IIT-Delhi); MBA (IIM-Ahmedabad)
Impact HR Services Pvt.Ltd. (Mumbai-Bangalore-Pune)
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Posted By
Posted in
Banking & Finance
Job Code
215774