
Product Compliance Expert
1 week ago
Role: Product Compliance - Life & General Insurance
Key Responsibilities:
- Develop and implement compliance frameworks to ensure adherence to regulatory requirements.
- Identify root causes of non-compliance events and provide recommendations for corrective actions.
- Evaluate risks and develop risk management frameworks.
- Prepare reports outlining recommendations for improvements.
- Design action plans to ensure robust compliance.
- Maintain accurate records and coordinate with regulatory authorities as needed.
- Stay updated on best practices and market intelligence.
- Foster collaboration with cross-functional teams to achieve compliance objectives.
Job Role:
- Manage annual and quarterly submissions to regulatory bodies.
- Coordinate IRDAI inspections and audits.
- Disseminate daily regulatory circulars to stakeholders and assist in implementation and monitoring.
- Ensure compliance with standards and regulatory requirements.
- Handle ad-hoc regulatory filings for Corporate Agency.
- Monitor regulatory changes and advise departments on implementation and monitoring.
- Address client grievances and complaints.
- Prepare compliance MIS and advise departments on compliance issues.
- Draft and vet policies, agreements, and contracts involving regulations and acts.
- Liaise with IRDA officials for approvals.
- Offer suggestions for process improvement and automation.
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