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Senior Manager - Compliance

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  • Insurance
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Job Details

I. Projects Managementa) Driving implementation of Company vide Compliance automated application (CoMS) including 209 branches of Max life. Liaisoning with vendor and internal departments to ensure smooth execution of the system.b) Driving implementation of new regulations received from the regulator post analyzing the applicability and identifying the correct owners within a specified period of time to ensure compliances to all such new regulations.c) Publish a monthly dashboard to SLT / EMC members to track the timely completion of all regulatory and internal tasks and highlight any non-compliance to the management along with action plan as received from the process owner.d) Development of Compliance Metrics for identified functions to be presented as quarterly Compliance update to Management.e) Ensure smooth functioning of the system including review by SLT members of all tasks completed by their respective teams and obtaining assurance from them, Change management including employee exit and new employee, Ease of access by bringing the system on SSO platform etc.II. Regulatory Coordination & Interpretationa) Develop, Maintain and Update of Regulatory Inventory Creation, maintenance and regular updation of repository of IRDA Regulations, Guidelines and Circulars and other laws on Compliance software (COMS) and defining responsibilities (Organorgrams) in agreement with respective functions b) Assisting in interpretation and dissemination of any new guidelines or any changes in the existing guidelines issued by IRDAc) Closely working with requisite stakeholders for implementation of new regulations through effective management of cross-functional team designed for this purposed) Doing research work and assisting on giving opinions to various functions on various matters involving compliance inputs to ensure adherence to new regulatory requirementse) Regulatory Interface Coordinating and ensuring necessary Interacting with IRDAI and Life Council for any query resolution, clarification, representation, etc.f) Timely submission of regulatory reportings to various authorities on both regular and ad-hoc basis by coordinating with all the stekholdersIII. Corporate Agent and Outsourcing related compliancesa) Corporate Agent on-boarding and due diligence Conducting due-diligence of new Corporate Agent for onboarding timely issuance of license.b) Corporate Agent renewal Ensuring timely renewal of Corporate Agents relationships.c) Outsourcing Compliances Ensuring due diligence of new outsourcing service providers done by respective department and reporting to IRDA on risk based parameters, Outsourcing reporting etc.IV. Compliant Marketing materiala) Coordinating with Products and Marketing team on all new marketing material b) Ensuring that all marketing material / advertisements of the company are compliant to IRDAI regulations.c) IRDA filings of Marketing material
Degree: M.Com. (Commerce) | M.Pharm. (Pharmacy) | M.Sc. (Science) | MA (Arts) | MBA/ PGDM | MCA/ PGDCA

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 7-12


Advisor/External Consulting | Corporate | Insurance | Regulatory Affairs
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