
Regulatory Compliance Specialist
24 hours ago
We are seeking an experienced Regulatory Compliance Specialist to join our team. The successful candidate will be responsible for ensuring all regulatory submissions are made on time and in the correct format.
About the Role:
The role involves ensuring that all regulatory submissions, including new business submissions, schedules submissions, SP submissions, complaints submissions, financial statements submissions, compliance certificate as applicable, are uploaded in the IRDA portal within stipulated timelines.
Key Responsibilities:
- Ensure timely and accurate submission of regulatory documents to the IRDA portal.
- Maintain and update regulatory registers in accordance with IRDA guidelines.
- Coordinate with business units and BIU teams to ensure regulatory requirements are met.
- Manage communication with regulators, including notifications and updates.
- Update IIB Envoy Portal with salesperson and SP details.
- Monitor and manage IRDAI CA/ISNP/Envoy license renewals.
- Issue NOCs for exited SPs and detag PAN from IRDA & Envoy.
- Apply for telemarketing license and submit regulatory data to IRDAI.
- Track and manage renewal of IRDAI CA license, PO, ISNP, Envoy, and other licenses.
- Maintain regulatory checklists and track reconciliations with finance, product teams, and insurers.
- Coordinated with functional audit team and track audit resolution for branches.
- Provided AML checklist to compliance team and coordinated and tracked AML cases.
- Bookkeeping litigation of insurance cases, open cases, and updating regulator as needed.
- Fulfill any other delegated activity by management and supervisor.
Requirements:
- 4- 8 years of experience in a similar domain.
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