Compliance Officer

1 day ago


Tiruppur, Tamil Nadu, India beBeeCompliance Full time ₹ 15,66,600 - ₹ 21,22,200
Job Title: Compliance Officer

The Principal Officer (PO) plays a pivotal role in ensuring compliance across all activities of the Corporate Agent/Insurance Broker.

Key Responsibilities:
  1. Supervise and monitor corporate agent activities, guaranteeing specified personnel are trained, skilled, and knowledgeable in insurance products.
  2. File applications for removal or addition of authorized verifiers and specified persons.
  3. Ensure strict adherence to the Code of Conduct and Corporate Agency regulations in both letter and spirit.
  4. Submit timely material disclosures, regulatory returns, and other information to the Authority.
  5. Submit annual compliance certification confirming adherence to all regulatory provisions.
  6. Oversee insurance solicitation activities, ensuring compliance requirements from specified persons are met.
  7. Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
  8. Verify compliance of specified persons and ensure solicitation is carried out only by authorized individuals.
  9. Address customer grievances appropriately and resolve them within 14 days.
Qualifications & Requirements:
  • Education: Bachelor's degree in any stream or preferred professional qualifications (III, Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB).
  • Training & Certification:

50 hours of training + passing the prescribed IRDAI exam (if not holding a professional qualification). For recognized professionals, 25 hours of training + exam is required. Certification valid for 3 years.

  • Fulfill additional regulatory requirements such as 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.
  • Customer grievance handling and resolution.
  • Effective coordination with regulatory authorities.


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