Deputy Manager - Legal & Compliance

Job Description

Roles & Responsibilities: Liaising with the business teams for end to end implementation of various regulatory requirements. Develop, maintain and update regulatory inventory repository of applicable IRDA Regulations, Guidelines and Circulars. Conducting review meetings with business teams on new way forward on regulations, circulars. Supervise and ensure periodic submissions and representations to IRDAI on various regulations/circulars and reviewing of SOPs. through coordination with all the stake holders. Analysis of IRDAI insurance ordinance. Conduct impact analysis of various penalty orders imposed by IRDAI along with the business teams. Framing various internal policies of the Company for identifying and addressing the regulatory requirements in a systematic manner. IRDA filings of marketing and advertisement material. Intimating IRDA about Auditor's appointment/re-appointment, increase in directors remuneration etc. Preparing compliance certificate on a quarterly basis and liaising with various business heads for placing the same in the Board. Vetting of Outsourcing Agreements & Marketing Scripts as per IRDAI Guideline perspective. Participating in the product implementation projects from compliance perspective. Coordinating and ensuring necessary interaction with IRDAI and Life Council for any query resolution, clarification, representation, etc. Compliance & Reporting under IRDAI / RBI Regulation .Preparation of various Reports to be submitted to relevant authorities; Monthly Cumulative Report (MCR), Bi Monthly Report, Quarterly Report. Maintenance of Compliance Manual, Updating Management on changes in regulatory environment. Follow up on commitments/obligations to other Regulatory bodies, and on compliance related audit/inspection observations and incidents for systemic corrections. Represent the employer as and when needed in case of IRDAI queries/observation, that are highlighted during the audits & inspection, helping quick decision making Frequent interaction with compliance heads of partners (HDFC Life, HDFC Ergo etc.) to get a better understanding of policies and compliance related matters. • Assist all other verticals such as HR, Admin, IT and other business teams in matters related to legal & compliance. Academics & Expertise: The candidate must be graduate from any discipline, preferable would be Banking/Finance Must have minimum 5 to 7 years of relevant work experience into IRDAI compliance and mutual fund industry Excellent communication skills. Project management expertise In-depth understanding of PMLA, Insurance laws , IRDAI, RBI Regulation Ability to read and interpret the IRDA regulations and Laws . An eye for detail Drafting & Vetting of contracts & Agreements Collaborative, result oriented and go getter attitude Must be a team player