- Ensure timely and accurate submission of all regulatory returns, reports, and disclosures to IRDAI in compliance with applicable regulations and circulars.
- Coordinate with business functions to collate, validate, and submit regulatory information within prescribed timelines.
- Maintain and strengthen the regulatory reporting governance framework, including data quality checks and audit trails.
- Manage the end-to-end outsourcing governance process, including onboarding, due diligence, risk assessments, materiality evaluations, and periodic reviews of outsourced activities.
- Monitor compliance with IRDAI Outsourcing of Activities Regulations and internal outsourcing policies.
- Track outsourcing contracts, service level agreements (SLAs), performance metrics, and renewal requirements.
- Conduct periodic reviews and compliance testing of outsourced service providers and ensure closure of identified gaps.
- Liaise with IRDAI, auditors, and internal stakeholders during inspections, audits, and regulatory reviews.
- Support implementation of regulatory reporting and outsourcing-related projects, automation, and process improvement initiatives.
Preferred candidate profile
- Solid knowledge of IRDAI Regulations, Circulars, and Reporting requirements applicable to Life Insurance companies.
- In-depth understanding of IRDAI Outsourcing of Activities.
- Regulations and vendor governance practices.
- Regulatory reporting and compliance management expertise.