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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