Chief Manager - Compliance

Sales Compliance

Purpose / key objective of role The role requires the
employee to execute the tasks allotted by the reporting manager(s), in relationto the following compliance areas

• Regulatory updates and implementation- Review regulatory updates and
  regular tracking and implementation of any regulatory requirements and any other compliance matters.


• Advisory role with respect to processes - Providing advisories to
  stakeholder on various regulatory aspects. Engage with partners and stakeholders to enable compliance related onboarding and servicing processes.


• Agreement review- Review intermediary and service partner
  agreements.


• Regulatory Monitoring and reporting- Ensuring monitoring and risk
  mitigation along with timely analysis and regulatory reporting. Relook at existing processes and evaluate/implement automation to reduce people dependency and errors. Ensure record keeping of Compliance departmental records in line with regulatory requirements.


• Regulatory engagement - Engaging with regulators through
  representations, draft responses and notes on various compliance matters.


• Management engagement - Engaging with management on certain
  requirements and escalations, preparing presentations etc.

Performance
Measures

• Adherence
  to TAT and process


• Efficiency
  and productivity


• Willingness
  to adapt and learn

Functional &
Behavioural Competencies

• Knowledge
  of insurance regulations


• Team
  work and communication skill


• Knowledge
  of the insurance processes would be an advantage