Our Clients are a well-established Life Insurance Company. They are a joint venture between diversified financial services conglomerate in India and one of the oldest life insurance companies in the world. Headquartered at Mumbai.

Role : Senior Manager / Chief Manager- Compliance

Reporting to : Vice President, Legal and Compliance

Role and responsibilities:

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

- Analysing and commenting on draft regulations and circulars issued by regulators.

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

- Ensuring frame operational processes and policies in co-ordination with the respective functions.

- Apprising senior management on the status of regulatory compliances.

- Representing the Compliance function in various meetings and forums.

- Monitoring and assessing the compliance health of the company through periodic process reviews on a sample basis

- Handling escalated complaints effectively and implementing the Publication Review Process

- Building and enhancing compliance monitoring systems

- Conducting compliance risk assessment activity

- Ensuring Product & Marketing Compliance by participating in the process for designing, drafting, and reviewing of product documentation (Policy Document) and marketing collateral

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

- Carrying out Distribution process reviews and conducting trainings for the Distribution Teams

- Carrying out branch reviews from a compliance standpoint and recommending imposition of sanctions if any.

- Providing advisory on queries from various functions and assist in drafting and reviewing of compliance communication and process.

- Reviewing the AML and CFT policy and process document on a regular basis.

- Enhancing systemic controls and developing systems to meet enhanced regulatory requirements.

- Drafting or reviewing contracts including providing advisory on the scope of services and commensurate commercials.

- Drafting or reviewing written statements, replies to notices and plaints.

- Representing the Company on various legal matters before the Ombudsman and consumer forums.

- Liaising with panel of advocates for litigation and legal matters.

- Providing interpretations and views on various legal issues.

- Interacting with the regulators and compliance teams of peer companies for relationship building.

Experience/Education Qualification:

- Typically a CS / LLB/ CA or a Graduate in Commerce.

- 8-10 years.

Functional Skills:

- Technical expertise and a strong understanding of applicable regulatory laws namely Insurance Laws, Prevention of Money Laundering Act and related laws, FEMA and applicable RBI regulations and other laws.

- Proficient in business understanding and providing advisory with a problem-solving approach.

- Good knowledge of systems, internal processes and policies.

- Ability to conduct surveillance and inspection.

Soft Skills :

- Multi-tasking with an ability to deliver under pressure.

- Ability to lead Projects and ensure efficient and timely delivery.

- Amicable and Assertive nature.

- Eye for detail and focused on accuracy.

- Proactive by nature.

- Good drafting and communication skills (written and verbal).

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