Senior/Chief Manager - Compliance - Life Insurance

Our Client is a new age life insurance player in India and is a joint venture between a leading financial service company established in India and one of the fastest growing life insurance companies of the world

Job Purpose :

To establishing an effective Compliance framework with an aim to ensure a compliant free environment within an organization and to act as a custodian of compliance management and inculcate the compliance environment within an organization.

Key Responsibilities :

- To Ensure effective implementation of Compliance Management Framework within an organization through timely implementation and monitoring of all regulatory requirements

- To Analyze and comment on draft regulations and circulars issued by regulators

- To Manage regulatory change management by carrying out an impact analysis of new laws and regulations and ensuring their dissemination and implementation by the various functions

- To Ensure frame operational processes and policies in coordination with the respective functions

- To Handle escalated complaints effectively and implementing the Publication Review Process

- To Monitor and assess the compliance health of the company through periodic process reviews on a sample basis

- To Ensure Product & Marketing Complianceby participating in the process for designing, drafting, and reviewing of product documentation (Policy Document) and marketing collateral

- To Advising the Distribution team on all legal and regulatory requirements and the expected levels of conduct

Key Performance Indicators:

- Review each advertisement received for approval suggests changes =>90% within agreed TAT

- Review of product documents = 100% accuracy in accordance with regulatory guidelines

- Record Maintenance, Dashboard, Reporting = 100% accuracy