General Manager-Regulatory Compliance

Key Roles & Responsibilities

Primary Role Description:

Compliance Manager is responsible for driving compliance culture and ensuring checks and controls for regulatory requirements.

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 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 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 identification of compliance & regulatory risks, its implications and recommend actions for mitigating those risks. 

·       To document and maintain compliance systems and processes

·       To provide support to Head- Compliance in various Compliance Programs

·       To assist in all compliance & regulatory matters with respect to company business and ensure compliances

Requirements – Education & Certificates:

CS & LLB

Key Requirements - Experience & Skills:

• 10+ years relevant experience with reputed corporate/MNC preferably in insurance sector
• 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.
• Demonstrated experience prioritizing conflicting demands from multiple business clients in an extremely fast paced environment.