Deputy Manager - Legal & Compliance

Roles & Responsibilities:

• Liaising with the business teams for end to end implementation of various regulatory requirements.
• Develop, maintain and update regulatory inventory repository of IRDA Regulations, Guidelines and Circulars.
• Conducting review meetings with business teams on new way forward on regulations, circulars.
• Supervise and ensure periodic submissions and representations to IRDAI on various regulations/circulars and reviewing of SOPs. through coordination with all the stake holders.
• Analysis of IRDAI insurance ordinance.
• Conduct impact analysis of various penalty orders imposed by IRDAI along with the business teams.
• Framing various internal policies of the Company for identifying and addressing the regulatory requirements in a systematic manner.
• IRDA filings of marketing and advertisement material.
• Intimating IRDA about Auditor's appointment/re-appointment, increase in directors remuneration etc.
• Preparing compliance certificate on a quarterly basis and liaising with various business heads for placing the same in the Board.
• Vetting of Outsourcing Agreements & Distance Marketing Scripts as per IRDAI Guideline perspective.
• Participating in the product implementation projects from compliance perspective.
• Coordinating and ensuring necessary interaction with IRDAI and Life Council for any query resolution, clarification, representation, etc.
• Compliance & Reporting under SEBI Regulation, pertaining to Mutual Funds, Shares & Takeovers etc.
• Preparation of various Reports to be submitted to SEBI, AMFI & Board of Directors of Trustee & Asset Management Company namely; Monthly Cumulative Report (MCR), Bi Monthly Report, Quarterly Report, NSR etc.
• Maintenance of Compliance Manual, Updating Management on changes in regulatory environment.
• Follow up on commitments/obligations to SEBI and other Regulatory bodies, and on compliance related audit/inspection observations and incidents for systemic corrections.
• Represent the employer as and when needed in case of IRDAI queries/observation, that are highlighted during the audits & inspection, helping quick decision making
• Frequent interaction with compliance heads of partners (HDFC Life, HDFC Ergo & Mutual Funds etc.) to get a better understanding of policies and compliance related matters.
  • Assist all other verticals such as HR, Admin, IT and other business teams in matters related to legal & compliance.
  
  

Academics & Expertise:

• The candidate must be graduate from any discipline, preferable would be Banking/Finance
• Must have at least 5 to 7 years of relevant work experience into IRDAI compliance and mutual fund industry
• Excellent communication skills. Project management expertise
• In-depth understanding of PMLA, Insurance laws
• Ability to read and interpret the IRDA regulations and Laws
• Collaborative, result oriented and go getter
• Must be a team player