
Compliance Manager
5 days ago
Job Title: Compliance Manager
The Corporate Agent/Insurance Broker requires a seasoned professional to oversee and ensure compliance with all activities. This role demands strong regulatory knowledge, operational oversight, and effective grievance redressal in line with IRDAI guidelines.
- Supervise and monitor the activities of the Corporate Agent; ensure that all specified persons are trained, skilled, and knowledgeable in insurance products.
- Ensure strict compliance with the Code of Conduct and Corporate Agency regulations in both letter and spirit.
- 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.
Qualifications & Requirements:
- Bachelor's degree in any stream or professional qualifications preferred – III, Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB.
- 50 hours of training + passing the prescribed IRDAI exam (if not holding a professional qualification).
- Must 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.
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