Lead - Compliance - Life Insurance - LLB/LLM (9-12 yrs)

Lead - Compliance - Life Insurance

Group Company:

Designation: Lead - Compliance (700266)

Office Location:

Years of experience: 9 to 12

Salary Range: INR to (Annual)

Position description:

Job Purpose: To establishing an effective Compliance framework with an aim to ensure compliant free environment within an organization and to act as a custodian of compliance management and inculcate the compliance environment within an organization.

Key Responsibilities:

- To Ensure effective implementation of Compliance Management Framework within an organization through timely implementation and monitoring of all regulatory requirements

- To Analyze and comment on draft regulations and circulars issued by regulators

- To Manage regulatory change management by carrying out impact analysis of new laws and regulations and ensuring their dissemination and implementation by the various functions

- To Ensure frame operational processes and policies in co-ordination with the respective functions

- To Handle escalated complaints effectively and implementing the Publication Review Process

- To Monitor and assess the compliance health of the company through periodic process reviews on a sample basis

- To Ensure Product & Marketing Compliance by participating in the process for designing, drafting, and reviewing of product documentation (Policy Document) and marketing collateral

Key Performance Indicators

- Review each advertisement received for approval suggests changes =>90% within agreed TAT

- Review of product documents = 100% accuracy in accordance with regulatory guidelines

- Record Maintenance, Dashboard, Reporting = 100% accuracy

Job Requirements:

Qualifications:

- Law Graduate/Post Graduate in Commerce

- Base skills Understanding of organizational systems, process and products

Functional Competencies:

- Risk Management

- Analytical Skills

- Legal Knowledge

- Research and Analysis

- Regulatory knowledge

Behavioral Competencies:

- Business Acumen

- Growth through Differentiation

- Customer Centricity

- Execution Excellence

Key Interactions Internal:

Business functions:

- Co-ordination for submission of returns

- Co-ordination for reviewing product filing documents

- Co-ordination for reviewing and approving marketing materials

- Co-ordination for reviewing and approving customer and other communications

- Co-ordination for compliance with EDP policy

Internal Auditors: Co-ordinating with internal auditors for compliance related information and handling their queries from time to time.

Key Interactions External: Regulatory Authorities Ensuring submission of reports and information as required.

Additional Responsibilities:

Reporting Team:

Position Report's to: Chief Compliance Officer, Head Legal & Secretarial (700262)

Reporting Department: Legal & Compliance (700105)

Educational qualifications preferred:

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