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Assistant Vice President - Compliance - Gurugram Canara HSBC Life Insurance Company

10 - 20 years

15 - 25 Lacs

Gurugram

Work from Office

Provide inputs to business proposals to ensure compliance and regulatory risks are restricted. Disseminate new regulations/exposure drafts to the respective functions and have meetings with them. Ensure timely implementation of the new regulations Conduct compliance reviews (adhoc and planned) as per the Compliance Monitoring Plan. To do Compliance Risk Assessment with respect to Penalty /Warning Orders issued by the Authority to other insurers. To make representations and collate comments from various functions for sending the same to the Authority. To prepare Regulatory Update and Compliance e Dashboard for the Chief Compliance Officer of the Company To track and monitor the Compliance issues of the Company in the Breach Log Register and Compliance Issues Register. To prepare presentations for the Board meeting, and other Board level Committee meetings of the Company. Involvement in business projects/proposals to ensure compliance point of view is considered and advice adhered to before launching the same. Cordial relationship with the regulator and involvement with regulator in shaping future regulations conducive to INHAs business model Provide compliant workarounds to business proposals wherever required Ensure compliance risks are within organizational appetite at all times, and timely information is provided to shareholders and management so as to be aware of the risk level of the organization. Compliance teams ability to provide compliant solutions and thereby act as a business enabler Timely furnishing of comprehensive reports/dashboards to management and shareholder Promote collaborative approach to problem solving whereby the function appreciates business requirements and makes efforts to provide compliant and workable solutions within the risk appetite when faced with restrictions under the extant regulations. Promote teamwork by involving team members in work related decision making and launching staff engagement initiatives within the team Identify learning and development opportunities for self to ensure competence of the team to handle and deliver functional responsibilities and facilitate succession planning Acceptability of the function within the business and operational management groups as a business enabler Engagement levels of team members and their continued association within the organization and team. Implementation of processes and systems and leveraging technology to streamline the functions routine activities and also facilitate easy tracking Review of Operational and other business processes and other areas which have a regulatory bearing, direct or indirect Adopt a risk-based framework for compliance, with focus of monitoring and initiatives on high-risk areas and control weaknesses or issues identified during past compliance risk assessments Streamlined processes and systems for routine activities Compliance role well defined and covering all areas of business and operations that have a regulatory impact Risk-based approach in compliance administration

Posted 1 month ago

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