
Senior Regulatory Manager
6 days ago
This is a role of strategic oversight and management.
Key Responsibilities:- Lead and monitor the activities of the Corporate Agent to ensure adherence to all regulatory provisions.
- Oversee insurance solicitation activities and confirm that all compliance requirements are met.
- Ensure strict compliance with 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.
- Obtain annual certification from the Authority confirming adherence to all regulatory provisions.
- Verify compliance of specified persons and ensure solicitation is carried out only by authorized individuals.
- Resolve customer grievances appropriately and within 14 days.
- Hold a Bachelor's degree in any stream or possess an MBA or professional qualifications such as Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB.
- Complete 50 hours of training plus pass the prescribed IRDAI exam for those without a professional qualification.
- For recognized professionals, complete 25 hours of training plus an exam.
- Certification is valid for three years.
- Fulfill additional regulatory requirements like minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory abilities.
- Effective communication and reporting skills.
- Grievance handling and resolution expertise.
- Ability to coordinate effectively with regulatory authorities.
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