Assistant Manager Compliance

Job Description

Compliance Advice Advice businesses and internal teams (underwriters, claims, products, etc.) on applicable regulatory framework from IRDAI compliance perspective. Almost every function of the Company is regulated by IRDAI through various regulations. Any wrong advice may lead to business loss and regulatory actions as well. IRDAI Regulates the Insurance Companies through almost more than 600 Circulars / Regulations / Guideline and Insurance Act. Reviewing the LRP projects from regulatory perspective and advising the verticals to ensure that the projects are in compliance with regulatory framework. Assisting business partners like Corporate Agents, Brokers, Web Aggregators in during their regulatory inspections, Guiding them on regulatory implications of their business plans, etc. Advising business on new business tie-ups, solicitation process, to ensure those are in compliance with regulatory framework. Advising and guiding Internal Audit Department on all compliance issues relating to their audit work. Compliance Management Implementation of compliance tool mapped to each Vertical with their respective compliances that need to be looked into. Ensuring that all legal updates are uploaded in the tool on timely basis. Overseeing reporting and updates in the compliance tool on timely basis. Ensuring compliance certificates are taken from all vertical heads on quarterly basis. Guiding the functions on corrective and preventive actions on gaps identified if any. Audit Management Coordinating with Statutory Auditors, Secretarial Auditors, Concurrent Auditors and IRMS Auditors Checking eligibility criteria for appointment of various auditors and advising management on the same. Ensuring Audit queries are solved within timelines. Reviewing the contracts / engagement letters with Auditors and other service providers and Management Representations to various auditors Show more Show less