Position - Manager - Compliance
Department - Legal & Compliance
Location : Gurgaon
Reporting to: Assistant Vice President - Compliance
Job Summary -
- Accountable for preparing Compliance Reviews Plan for the organization and getting it approved by the Audit Committee
- Developing and enhancing the compliance review process and new incumbents
- Reporting of compliance outages to the management and board
- Review implementation of management action plan for mitigation of compliance outages identified
- Managing Max Life's Code for Personal Investments/Trading in securities
Job Summary -
- Accountable for preparing Compliance Reviews Plan for the organization and getting it approved by the Audit Committee
- Developing and enhancing the compliance review process and new incumbents
- Reporting of compliance outages to the management and board
- Review implementation of management action plan for mitigation of compliance outages identified
- Managing Max Life's Code for Personal Investments/Trading in securities
KEY RESPONSIBILITIES :
Manage Compliance Reviews:
- Creating the Compliance Review Program/ work plan;
- Carrying / conducting out independent and in-depth,compliance reviews for Corporate Agents, HO Functions, Branch Offices and Third party service providers.
- Prepare work papers documenting the audit procedures performed and prepare reports
- Formulating process of tracking and closing compliance ssues;
- Follow-up to determine adequacy of corrective actions - Track and validate status of issues highlighted
- Ensuring record maintenance of all compliance reviews for future review and record retention purposes.
- Close looping of completed reviews with respective process owners / branch heads for review closures.
- Reporting key compliance outages in various management committees and Board subcommittees like Audit Committee/Risk Committee.
Manage Investment Compliance:
- Creating and updating model code of conduct for investment professionals as per SEBI insider trading Regulations and IRDAI Investment regulations.
- Maintaining a list of Connected Persons under the Code
- Obtaining periodic self declarations from connected persons within policy TAT
- Providing Trade Approvals from CCO to the connected persons within policy specified TAT\
- Annual review of adherence to Insider Trading Code of Max Life
Carrying out :
- Manage execution of Quarterly Compliance Checklists (QCCs) along with analysis of the completed QCCs to gauge adherence levels to compliance requirements in various branch offices and corporate agents.
- Carrying out- Special projects/reviews as may be assigned from time to time.
- Creating Compliance Awareness and Culture:
- Creating Compliance Awareness through awareness, and communications.
Participate in Compliance Weeks:
- Compliance engagement with Business Partners
- Providing Classroom Training to employees and agents through New Hire Induction, SP Training Platforms, Online Training etc.
MEASURES OF SUCCESS :
- Completion of the reviews as per the defined review calendar
- Publication of review reports to various stakeholders with requisite documentation / annexure within specified timelines
- Effective tracking of the open issues with respective stakeholders for closure of highlighted issues by target dates
- Tracking of issues raised, closed, issues remaining open/ past due
- Timely completion of the Review plan and Risk Assessments. Key risks identified & mitigation plan developed
- Line management feedback received on service provided e.g. communication protocols, timeliness and quality of recommendations
- Timely reporting of compliance issues in various Management and Board Committees
- Timely updation, execution and analysis of the Quarterly Compliance Checklists
- Ensuring timely communication and awareness of Max Life Code for Insider Trading to Connected Persons
- Ensure adherence to Max Life Code for Insider Trading by Connected Persons through obtaining the requisite declarations and review of documents.
- Ensure participation in Compliance Awareness drives like compliance weeks, trainings etc.
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