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 current 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 client