A Personal Finance Management Institution wants to hire a Compliance Manager for Insurance Business

Position Summary :

Primary responsibilities are :

I. Compliance :

1. Develop and maintain regulatory policies and procedures under the Compliance Program, including review mechanisms to ensure its continuous effectiveness in ensuring all applicable compliances by the company. Manage day-to-day operations of the Program.

3. Keep track of and disseminate updates on regulatory and other statutory requirements on an ongoing basis to prevent violations thereof.

3. Establish and maintain robust monitoring mechanism to keep abreast of status of compliance activities of all departments. Prepare compliance status reports on a regular basis to keep the senior management informed of the operation and progress of compliance efforts.

4. Collaborate with cross functional teams to facilitate implementation of compliance requirements at all levels of the organization and to direct compliance issues to existing channels for resolution.

5. Highlight alleged violations of relevant laws, rules and regulations and recommend procedures for corrective action.

6. Prepare and file statutory documents with the Regulators.

7. Maintain and organize compliance records in consonance with internal control and audit mechanisms.

II. Contract Management :

1. Create, review and manage execution of various contracts in compliance with applicable laws and regulations.

2. Coordinate with business partners and internal business teams for all contractual matters.

3. Maintain complete contractual record and contract administration processes.

Candidate Profile :

Essential Requirements (Knowledge, Skills, Abilities) :

1. Well abreast with Insurance related laws and regulations prescribed by IRDAI.

2. Demonstrate ability to independently draft compliance checklists, manuals and other regulatory documentation.

3. Experience in managing contracts, primarily non-disclosure agreements and commercial/ distribution/ service- level contracts.

4. Excellent communication skills (both verbal and written).

Background (essential and desired) :

1. Minimum work experience of 5 years with in-house compliance team of an Insurance company is essential.

2. Experience in drafting and review of contracts is essential.

2. Any other BFSI exposure in banking, lending/credit is desirable.

Essential Education :

1. Company Secretary

2. L.LB

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