Sr Manager - Compliance
Tata AIG Life Insurance · Mumbai · onsite · Posted 43d ago
Undisclosed9–10 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
A. Position Overview Role Summary : Providing extensive legal search and evaluating industry benchmark to opine on various business initiatives and legal/regulatory provisions; Responsible for dissemination of the regulatory notifications, carry out impact analyses on new laws and ongoing monitoring of implementation;
Maintaining repository of all regulatory changes to ensure its timely availability; Providing legal advise on issues pertaining to implementations of laws; Providing well researched inputs to shape new laws and regulations within prescribed timelines; Partnering with business to implement new laws, regulations, initiatives and distribution tie-ups smoothly; Ensuring proper drafting of response to Show Cause Notice issued by the IRDAI and other statutory authorities within prescribed timelines; Partnering with various functions to implement initiatives and negotiate new distribution tie-ups smoothly as per timeline; Ensuring proper review of internal operational processes set forth by different functions with the objective to mitigate the risk of regulatory noncompliance and litigious situations by setting things first time right; Spreading Compliance awareness across the functions by imparting training on new laws and regulations; Supporting business by proactively participating in different meetings and giving inputs from Compliance point of view. B. Organizational Relationships
Reports To Assistant Vice President - Compliance Supervises Managers, Assistant Managers, Executive Compliance Job Dimensions Geographic Area Covered PAN India (process management - operational compliance Compliance) Stakeholders Internal
All User Departments (Operational Compliance adherence and reviews)
Stakeholders External
IRDA (Reporting, policy clarifications) External Advisory (investigations) AIA (reporting) C. Key Result Areas Enabling Business with cutting edge legal and compliance support Extensive legal search and evaluating industry benchmark to opine on various business initiatives. Disseminate regulatory notifications, carry out impact analyses on new laws and ongoing monitoring of implementation Maintain repository of all regulatory changes to ensure its timely availability
Partnering with business in implementing new laws and regulations Support business teams in designing sales models which are in compliance with the regulations Structuring and negotiation of various contracts entered into with distributors (agents, corporate agents, brokers, web aggregators, insurance marketing firm etc) and ensuring that the same are in line with regulatory requirements
Advise and provide clarifications to operations personnel on the regulatory provisions so as to ensure that the processes are modeled and executed in line with the same Structure the derivative contracts as per the requirements of the investment department Partnering with internal department in all matters requiring compliance support Coordinating with the regulator on various issues to enable business team to find quick solutions Keeping in view of the business requirements and industry view, provide recommendations to IRDAI on exposure drafts Impart training to employees as well as to channel partners on Compliance policies, standards of the company, new laws and regulations issued by the Authority
Implementation of processes and systems and leveraging technology to streamline the function s routine activities and also facilitate easy tracking Drive automation project for Compliance Areas Conduct follow-up and review to ensure gaps identified are remediated within the agreed timelines
E. Incumbent Characteristics
E. Incumbent Characteristics
Essential Desired Qualification LLB/CA/CS or equivalent Experience IRDAI regulations Disclaimer:
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
AutomationInsurance Marketingregulatory changesBusiness Requirementsirdai regulationsoperationsSalesLegalcompliancellbmarketingProcess Management
About Tata AIA Life Insurance
Tata AIG Life Insurance
Insurance
15.5k+
employees
2001
25 years old
Mumbai, Maharashtra
India
₹6.2L PA avg
Avg at Tata AIA Life Insurance
About
Tata AIA is amongst the fastest growing life insurance companies in India from where you can buy online life insurance policies with ease.
Industries
InsuranceFinancial Services
Employee ratings
10 reviews
3.9/ 5
Culture
2.4
Career growth
2.0
Work-life
2.5
Employees rate it well for
Overall Company39Job Security38
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