Company Overview:

Our client is a leading general insurance company in India, providing a wide range of insurance products and services to individuals and businesses. They operate across various segments, including motor, health, property, and casualty insurance, with a significant presence nationwide.

Role Overview:

The Sr Manager Compliance role is responsible for ensuring the company's adherence to all applicable laws, regulations, and internal policies related to its general insurance operations. This role involves working closely with various internal teams, including legal, underwriting, claims, and distribution, as well as external stakeholders such as regulatory bodies. The Sr Manager Compliance plays a critical role in safeguarding the company's reputation and ensuring its sustainable growth by maintaining a robust compliance framework.

Key Responsibilities:

- Develop and implement comprehensive compliance programs and policies to ensure adherence to IRDAI regulations and other relevant legal requirements.

- Monitor and assess the effectiveness of existing compliance controls and identify areas for improvement.

- Conduct regular compliance audits and reviews to detect and prevent potential violations.

- Provide guidance and training to employees on compliance-related matters.

- Investigate and resolve compliance issues and escalate them to senior management as necessary.

- Prepare and submit regulatory reports to IRDAI and other relevant authorities.

- Stay abreast of changes in laws and regulations and update compliance programs accordingly.

- Collaborate with legal counsel to interpret and apply relevant laws and regulations.

- Assist in the development and implementation of internal control frameworks.

- Manage and maintain the company's compliance documentation.

Required Skillset:

- Demonstrated ability to interpret and apply complex legal and regulatory requirements related to the general insurance industry.

- Proven ability to develop and implement effective compliance programs and policies.

- Strong analytical and problem-solving skills with a keen attention to detail.

- Excellent communication, interpersonal, and presentation skills.

- Ability to work independently and as part of a team.

- Experience in conducting compliance audits and investigations.

- Familiarity with internal control frameworks and risk management principles.

- Bachelor's degree in Law (LLB) is essential.

- 7-9 years of relevant experience in compliance within the general insurance industry.