
Compliance Manager
3 days ago
Job Overview
The role of a Compliance Manager is crucial in ensuring adherence to regulatory standards. As a key member of the team, this position will oversee and supervise the activities of the Corporate Agent/Insurance Broker, guaranteeing that all operations are conducted in accordance with IRDAI regulations.
Key Responsibilities:
- Supervise and monitor activities to ensure compliance with regulatory requirements.
- File applications for removal or addition of specified persons and Authorized Verifiers.
- Ensure strict adherence to the Code of Conduct and Corporate Agency regulations.
- Submit material disclosures, regulatory returns, and other information in a timely manner.
- Act as the Single Point of Contact for inspections and other compliance-related matters.
Qualifications & Requirements
- Education: Bachelor's degree in any stream or professional qualifications preferred.
- Training & Certification: 50 hours of training + passing the prescribed IRDAI exam or 25 hours of training + exam for recognized professionals.
- Additional Requirements: Minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.
Key Skills:
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
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