Sr. Manager/GM Regulatory Compliance

Job Description:

Primary Role Description: Compliance Manager is responsible for driving compliance culture and ensuring checks and controls for regulatory requirements, including IRDA. 

Key Roles & Responsibilities:

• To identify new laws and regulations applicable to the Company and achieve its implementation across functions.
• To review health insurance products and related documents such as marketing and branding activities, customer communications, promotional materials & advertisements, sales & distribution material etc. and ensure compliance with regulatory requirements.
• To review training material, modules and manuals from the compliance perspective.
• To review business processes of the functions such as operations, customer services, claims, underwriting, Provider function, licensing, sales, marketing etc. 
• To develop and implement, maintain the compliance systems, processes and controls.
• To develop and implement processes and controls for IRDA reporting and ensure timely reporting with IRDA and Board as per statutory requirements.
• To help implementation/ guidance on regulatory compliances in business channels
• To provide compliance guidance to various functions on applicable laws and regulations, ethics and internal standards
• To conduct compliance workshops & training for various functions on applicable compliances as and when required.
• To assist in the identification of compliance & regulatory risks, its implications and recommend actions for mitigating those risks. 
• To provide support to Head- Compliance in various Compliance Programs
• To assist in all compliance & regulatory matters with respect to company business and ensure compliance

Requirements – Education: CS /CA (essential)/ LLB

Key Requirements - Experience & Skills:
Minimum 10+ years relevant experience in Regulatory Compliance in insurance industry, must have IRDAI compliance experience.

• Demonstrated experience prioritizing conflicting demands from multiple business clients in an extremely fast-paced environment.
• Being open and responsive to new information, different circumstances and challenging situations.
• Accepting and adhering to high ethical, moral, and personal values in decisions, communications and actions.
• Convincing skills
• Product/Insurance Knowledge
• Continuous Learning
• Technology Proficiency
• Problem Solving & Analytical Skills
• Strong Compliance & Regulatory Knowledge
• Strategic Mindset