Compliance Manager

Job Description

Job Description Compliance Manager Position: Sr. Compliance Manager Location: Pune Role Overview: The Compliance Manager will be responsible for ensuring that the company adheres to all applicable insurance laws, regulations, and internal policies. The role involves monitoring regulatory changes, implementing compliance programs, conducting risk assessments, and providing strategic legal guidance to mitigate compliance risks. Key Responsibilities: Regulatory Compliance & Risk Management: - Monitor, interpret, and ensure compliance with all applicable insurance laws, regulations, and guidelines issued by regulatory bodies (e.g., IRDAI, SEBI, RBI, or other relevant authorities). - Develop, implement, and oversee compliance policies, procedures, and frameworks to align with industry standards and company objectives. - Conduct regular risk assessments and implement mitigation strategies to minimize legal and regulatory risks. - Ensure timely reporting and filings with regulatory authorities. Policy Implementation & Internal Controls: - Draft, update, and implement compliance policies and standard operating procedures (SOPs) in line with regulatory requirements. - Conduct internal audits and compliance reviews to assess adherence to policies and recommend corrective actions. - Work closely with business teams to ensure that new products, processes, and initiatives comply with regulatory requirements. Training & Awareness: - Develop and conduct compliance training programs for employees to enhance awareness of regulatory obligations. - Provide advisory support on compliance-related matters to internal stakeholders, including senior management. Regulatory Engagement & Reporting: - Act as a liaison between the company and regulatory bodies, responding to queries and ensuring smooth communication. - Prepare and submit regulatory reports, disclosures, and compliance certifications. - Keep the leadership team informed about regulatory developments and compliance risks. Investigations & Incident Management: - Conduct internal investigations related to compliance breaches and recommend appropriate actions. - Handle customer complaints, fraud investigations, and whistleblower cases in accordance with regulatory protocols. Qualifications: - Bachelors or Masters degree in Law (LL.B./LL.M.), Finance, Business Administration, or a related field. - Certifications in Compliance, Risk Management, or Corporate Governance (e.g., CCEP, ICA, CRCM) are a plus. Experience: - 10-12 years of experience in Compliance, Legal, or Risk Management roles within the insurance or financial services industry. - Strong understanding of insurance regulations, corporate governance, and risk management frameworks. - Experience working with regulatory bodies and handling audits, inspections, or investigations. Skills & Competencies: - In-depth knowledge of insurance laws, IRDAI guidelines, AML regulations, and corporate governance principles. - Strong analytical, problem-solving, and decision-making abilities. - Excellent communication and stakeholder management skills. - Ability to work independently and collaboratively in a fast-paced environment.