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18/10 Soma Gambhir
HR at Magma HDI General Insurance Company Limited

Views:978 Applications:110 Rec. Actions:Recruiter Actions:6

Magma HDI General Insurance - General Manager/Lead - Compliance (7-10 yrs)

Mumbai Job Code: 1169688

Position Title : Lead - Compliance

Level/Grade/Designation General Manager

Company - Magma HDI General Insurance

Department - Insurance

Division - Legal & Compliance


- Drafting, vetting and negotiating agreements, deeds i.e. Service Level Agreements, Outsourcing Agreements, MoUs, Leave and Licence Agreements etc.

- Drafting, Vetting of General Insurance Products

- Handling high value litigation and co-ordination with law firms/advocates

- Giving legal advice to the company on various legal and regulatory issues

- Indian Stamp Act implementation and Compliance

- Labour Law Compliance at HO/Branches including handling its issues

- Telecom Act Compliance

- Implementing requirements of IT Act, Data Privacy norms, FEMA, etc and ensuring its compliance on an ongoing basis

- Automation of contract management process

- Advising on POSH

- Implementation of requirements relating to Trade Mark/ Copyrights and ensuring its Compliance on an ongoing basis

- Advising on Corporate Laws (on need basis)

- Taking up responsibility as and when Compliances cases comes

Competencies :

- Excellent knowledge of IRDA Regulations, Acts, Process & Procedures especially Insurance Law, Civiland Criminal law, AML, etc.

- Collaboration - Stakeholder Management

Qualification & Experience :

- Graduate - LLB (additional qualification of CS shall be given preference). Certifications / Fellow ship in

- Insurance would be an added advantage

- Overall experience of 10-12 years At least 3 years experience in Insurance sector (including at least 4

years in General Insurance)

Skills :

- Analytical Skills,

- E-mail Drafting

- Excellent knowledge of MS-Office applications

- Planning and Organising skills

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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