Senior Compliance Manager

1 day ago


Salem, Tamil Nadu, India beBeeRegulatory Full time ₹ 18,00,000 - ₹ 24,00,000
Job Overview

The Principal Officer is responsible for overseeing and ensuring compliance in all activities of the Corporate Agent/Insurance Broker. This role demands strong regulatory knowledge, operational oversight, and effective grievance redressal, in line with IRDAI guidelines.

  • Main Responsibilities:
  • Oversee and monitor the activities of the Corporate Agent; ensure that all specified personnel are trained, skilled, and knowledgeable in insurance products.
  • File applications for removal or addition of specified persons and Authorized Verifiers.
  • Ensure strict adherence to the Code of Conduct and Corporate Agency regulations in both letter and spirit.
  • Submit timely material disclosures, regulatory returns, and other information to the Authority.
  • Submit annual compliance certification to the Authority, confirming adherence to all regulatory provisions.
  • Oversee insurance solicitation activities and ensure all compliance requirements from specified persons (SPs) are met.
  • Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
  • Verify compliance of SPs and ensure solicitation is carried out only by authorized personnel.
  • Ensure all customer grievances are addressed appropriately and resolved within 14 days.
Qualifications & Requirements

A bachelor's degree in any stream or an MBA/professional qualification is preferred. Additionally, 50 hours of training + passing the prescribed IRDAI exam are required for those without a professional qualification. Recognized professionals need 25 hours of training + exam.

Certification is valid for 3 years. Other additional requirements include 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.
  • Ability to coordinate effectively with regulatory authorities.


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