Manager - Compliance - Life Insurance - LLB/CS

Sales Compliance

Our client is one of the leading private sector Life Insurance Company. It is listed on National stock exchange (NSE) and Bombay stock exchange (BSE).

Designation : Manager - Sales Compliance.

Purpose / key objective of role :

The role requires the employee to execute the tasks allotted by the reporting manager(s), in relation to the following compliance areas:

- Regulatory updates and implementation : Review regulatory updates and regular tracking and implementation of any regulatory requirements and any other compliance matters.

- Advisory role with respect to processes : Providing advisories to stakeholder on various regulatory aspects. Engage with partners and stakeholders to enable compliance related onboarding and servicing processes.

- Agreement review : Review intermediary and service partner agreements.

- Regulatory Monitoring and reporting : Ensuring monitoring and risk mitigation along with timely analysis and regulatory reporting. Relook at existing processes and evaluate/implement automation to reduce people dependency and errors. Ensure record keeping of Compliance departmental records in line with regulatory requirements.

- Regulatory engagement : Engaging with regulators through representations, draft responses and notes on various compliance matters.

- Management engagement : Engaging with management on certain requirements and escalations, preparing presentations etc.

Key Performance Indicators :

- Adherence to TAT and process

- No significant complaints from stakeholders

- Efficiency and productivity

- Willingness to adapt and learn

Functional & Behavioral Competencies :

- Knowledge of insurance regulations

- Team work and communication skill

- Knowledge of the insurance processes would be an advantage

Qualification / Experience (No of years & type) :

- LLB / CS with 5-7 years of relevant experience