
Chief Compliance Officer
19 hours ago
The Principal Officer is a key role in ensuring the smooth operation of our organization. We are seeking an experienced professional to oversee and ensure compliance in all activities.
Key Responsibilities:
- Supervise and monitor the activities of the Corporate Agent, ensuring that all specified persons are trained, skilled, and knowledgeable in insurance products.
- File applications for removal or addition of specified persons and Authorized Verifiers.
- Ensure strict compliance with the regulatory requirements and corporate agency regulations in both letter and spirit.
- Submit material disclosures, regulatory returns, and other information to the relevant authorities in a timely manner.
- Submit annual certification confirming adherence to all regulatory provisions.
- Oversee insurance solicitation activities and ensure all compliance requirements from specified persons are met.
- Act as the Single Point of Contact for inspections and other compliance-related matters.
- Verify compliance of SPs and ensure solicitation is carried out only by authorized persons.
- Address customer grievances appropriately and resolve them within 14 days.
Qualifications & Requirements:
- Education: A bachelor's degree in any field or an MBA/master's degree in a relevant field is preferred.
- Training & Certification: Completion of prescribed exams or recognized professional certifications.
- Additional Regulatory Requirements: Fulfillment of minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.
Key Skills:
- Strong knowledge of regulatory requirements and compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
- Customer grievance handling and resolution.
- Ability to coordinate effectively with regulatory authorities.
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