
Chief Regulatory Compliance Specialist
2 days ago
Key Responsibilities include:
- Regularly upload regulatory submissions in the IRDA portal after concurrence with relevant stakeholders.
- Aware of the process of submission of regulations, including new business submissions, schedules submissions, SP submissions, complaints submissions, financial statements submissions, and compliance certificates as applicable.
- Maintain regulatory registers by tracking, aligning, ensuring, and coordinating with respective business units and BIU teams for submission to IRDAI.
- Communicate with regulators as per regulations – all communications, including branch opened & closed data, directorship change, regulatory charges levied, etc., to be notified.
- IIB Envoy Portal Update – periodically upload salespersons and SP details and review them.
- IRDAI CA/ISNP/Envoy License Renewal – ensure all applicable licenses are availed, procured, and renewed with applicable timelines as per guidelines and coordinate with relevant stakeholders on licensing applicability, repository maintenance.
- NOC issuance & Detagging Pan in IRDAI portal – issue NOC for exited SPs and detag PAN from IRDA & Envoy along with record keeping.
- Telemarketer License – apply for telemarketing license as per guidelines and submit regulatory data to IRDAI as per stipulated guidelines.
- Renewal of IRDAI CA license, PO, ISNP, Envoy, any other licenses to be kept track and renewed along with PO & relevant stakeholders.
- Regulatory Checklist maintenance – track the regulatory checklist (IRDAI Data maintenance, Registers, timely submissions, grievances, etc.) completely along with stakeholders.
- Reconciliations Tracking – coordinate with finance, product teams, and insurers for reconciliation sign-off every month. Ensure gaps identified in recon are followed up.
- Agreements maintenance – maintain and track agreements of insurers, SLAs of insurers, Commission structure of insurers.
- Grievance tracking/Data maintenance – track grievances from grievance team, insurers, and coordinate resolution with insurers, business, product, and branch team. Maintain grievance register as per regulatory requirement.
- Audit Initiation for Branch & Tracking – provide Audit Checklist and coordinate with functional audit team and track audit resolution for branches.
- Compliance check on AML – provide checklist to compliance team of MFL and coordinate and track AML cases with internal & external stakeholders.
- Legal/Litigation Tracking – bookkeeping litigation of insurance cases, open cases, update regulator as needed.
- Perform any other activities delegated by management & supervisor from time to time.
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