Assistant Manager – Compliance

Looking for someone with strong IRDA exp for Compliance role one of the fastest growing life insurance companies in India. Insurance is mandatory

Main Responsibility

1 Submission of reports to Statutory Authorities (IRDAI, GIC, IIB etc.). Maintaining proper record of correspondence to and from Statutory Authorities including Policy/SOP tracker. Regular co-ordination with the internal departments for timely submission of adhoc and Regular reporting of statutory Authorities. Submission of reports to Statutory Authorities (IRDAI, GIC, IIB etc.) within prescribed timelines

2 Keeping track and circulations of regulatory updates and notifications by Authorities (IRDAI, GIC, IIB ), ensuring timely broadcast of the regulatory circulars/notifications Circulate of Regulatory Update/ noiofications on timely basis

3 Regular update new regulatory submission and update certification checklist for new circulars/guidelines certification basis on the FG compliance monitoring tool within the quarter and review and update the same in Regulatory return framework on monthly basis and circulate the same as and when required. Update of FG compliance monitoring tool on time

4 Providing data to Internal Audit etc. as well as external agencies such as Statutory & Secretarial Auditors from time to time and processing the payment of vendors petaining to Compliance function and IRDAI renewal payment and support in IRDAI inspection including coordination for timely logistical and data arrangent Quik support to internal Auditor and statutory auditor for any required information related to compliance. Process the payment on time.

5 (i) Assisting to customization and localization of the Asia product Framework (ii)perform the related second level controls as per the Control Testing Plan timelines and document them in the GRC within such timelines; agree mitigation actions and timelines with the owners, where necessary (iii)Assessment of local regulations, in order to evaluate their adherence to Group standards following the Group Compliance Operating Model (i.e. GIRS self-assessment on Compliance Policies and Guidelines) (iv) Group Standards/Common activities: perform the activities provided by the Group Compliance Operating Model in alignment with Group/ICT/Regional directions (added from Tone from the Top & Ethics) and participate in the Ethical Culture Evaluation Index and improvement actions (v) keep the integration plan activities on track Within the timeline prescribed by the Group.