Assistant Key Account Manager

2 weeks ago


Nashik, Maharashtra, India Tata AIA Life Insurance Full time

Job Description

Position

Asst Manager/ Manager

Function

Compliance

Department

Compliance

Band

Reporting to

Senior Manager - Compliance

Location

Mumbai

Job Summary:

The position supports Compliance function in the organization by providing compliance assurance support, including

øKeeping yourself up to date with all new laws / regulations applicable to an Insurance Company

øEnsuring effective interpretation and drafting of actions for implementation of new laws by cross functional teams (CFT)

øHolding good communication and interpersonal skills

øEnsuring robust coordination and closures of actions arising from regulations/new laws

øEnsuring 360 degree / comprehensive closure of actions with implementation of a robust and effective governance process

øEnsuring proper documentations and management of automated processes and systems to ensure a robust regulatory implementation process

øEnsuring comprehensive certifications from CFT and management on an ongoing basis

øEnsuring testing of implementation and closure of any identified gaps on speedy basis

øEffective presentation preparation and delivery skills

øHolding good problem-solving skills while providing regulatory and legal advisory backed with effective regulatory reasoning, rationale and industry /market practice

øMaintaining repository of all regulatory changes and advisories to ensure its timely availability.

øSupporting in new business and Digital initiatives by proactively participating in regular meetings and giving inputs within the regulatory framework

øSupport business team by working on multiple projects, ensuring the Digital Processes, marketing material are in line with internal guidelines and regulatory compliances.

øSupporting business and operations team by conducting review of Digital Processes, Marketing material and customer communications to ensure appropriate legal and operational protection exists.

øPerform regulatory research, monitor new and amended regulations to evaluate impact on existing and new business initiatives.

Key Responsibilities

øExtensive legal search and evaluating industry benchmark to opine on various regulatory queries and business initiatives.

øAdvise and provide clarifications to business on the regulatory provisions so as to ensure that the processes are modeled and executed in line with the same.

øPartnering with internal department in all matters requiring regulatory support

øCo-ordinating with the regulator on various issues to enable business team to find quick solutions

øKeeping the business requirements and industry view in mind and providing recommendations to IRDAI and other statutory Authorities on exposure drafts

øVetting and approving the digital process and related insurance advertisements within the regulatory framework and as per internal guidelines.

øImpart training to employees as well as to channel partners on legal and compliance policies, standards of the company, new laws and regulations issued by the Authority

Knowledge and Skills

ø Analytical Thinking and Judgment : Ability to reach decisions by using the information systematically; ability to interpret complex concepts and cause and effect relationships

ø Company & Industry Know How: Knowledge and understanding of the organization & industry

ø Regulatory Requirements: Knowledge and understanding of regulatory requirements and how to meet these on a day to day basis.

ø Drafting & Documentation Skills: Has the ability to draft legal documents; Good Documentation skills for record maintenance

ø Negotiation Skills: Effectively exploring alternatives to reach outcomes that gain the support and acceptance of all parties

ø Subject Matter Expertise : Has complete domain knowledge

ø Connecting with Others : Ability to effectively bring together diverse teams to jointly create results


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