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