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5 days ago
The role of the Senior Risk Manager is to oversee and ensure compliance in all activities of the Corporate Agent/Insurance Broker. This position demands strong regulatory knowledge, operational oversight, and effective grievance redressal, in line with IRDAI guidelines.
Key Responsibilities:- Supervise and monitor the activities of the Corporate Agent; ensure that all specified individuals 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 material disclosures, regulatory returns, and other information to the Authority in a timely manner.
- 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.
- Address customer grievances appropriately and resolve within 14 days.
- Bachelor's degree in any field.
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
- Customer service and complaint resolution.
- Ability to coordinate effectively with regulatory authorities.
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