Senior Manager/ Associate Vice President- Regulatory Compliance

4 months ago


Gurugram, India Aviva India Full time

Formal Qualifications


  • L.L.B. and / or Company Secretary / Insurance Post Graduate / Chartered Accountant /AIII / FIII /Membership of associations such as CIA and CISA


Experience


  • Competence in interpreting insurance laws and regulations
  • Understanding of insurance industry and regulations
  • 5-7 years of relevant work experience in the life /non-life/health insurance industry or regulated financial entity
  • Driving discipline of regulatory implementation across business functions
  • Driving Thematic Reviews
  • Reporting of gaps in regulatory compliances and driving timely closures
  • Managing regulatory relationships – internal and external


Specific Responsibilities


  • Track regulatory updates on and dissemination
  • Advise the business on implementation of new updates or changes in the existing regulations/ circulars/ guidelines etc.
  • Monitoring closure of action points related to new development
  • Business Advisory, Implementation & Gaps Controls Tracking & Monitoring
  • Compliance self attestation from functions through controls monitoring and sample based evidencing
  • Record Keeping of all regulatory circulars and correspondences
  • Support team members in IRDAI adhoc requirement or queries
  • Handling compliances related to Code of Conduct and Advertisements
  • Thematic reviews as per compliance calendar and to ensure timely completion of reviews.
  • Highlight any exception, non-compliance and potential issues
  • Timely monitor and Closure the issues raised in the review report
  • Regulatory training to cross functions
  • ISO Management
  • Support with best business decisions
  • Drive to ensure zero regulatory penalties
  • Automation/Digitalization


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