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Chief Compliance Officer

3 weeks ago


Erode, Tamil Nadu, India beBeeInsurance Full time ₹ 80,00,000 - ₹ 1,50,00,000
Job Title: Insurance Operations Director

This is an exciting opportunity for a seasoned professional to lead the insurance operations team.

  • Minimum 3 years experience in insurance operations or related field required.

The selected candidate will be responsible for supervising and ensuring compliance with all regulations and laws governing insurance operations.

  1. Supervise and monitor the activities of the corporate agent; ensure that all specified people are trained, skilled, and knowledgeable in insurance products.
  2. File applications for removal or addition of specified persons and authorized verifiers.
  3. Ensure strict compliance with regulations in both letter and spirit.
  4. Submit material disclosures, regulatory returns, and other information to the relevant authorities in a timely manner.
  5. Submit annual compliance certification, confirming adherence to all regulatory provisions.
  6. Oversee insurance solicitation activities and ensure all compliance requirements from specified persons (SPs) are met.
  7. Act as the single point of contact for inspections and other compliance-related matters with the relevant authorities.
  8. Verify compliance of SPs and ensure solicitation is carried out only by authorized persons.
  9. Ensure all customer grievances are addressed appropriately and resolved within 14 days.

Qualifications & Requirements:

  • Education: Bachelor's degree in any stream or professional qualifications preferred – III, Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB).
  • Training & Certification:

50 hours of training + passing the prescribed exam (if not holding a professional qualification).

25 hours of training + exam for recognized professionals.

Certification valid for 3 years.

  • Must fulfill additional regulatory requirements such as minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.

Key Skills:

  • Strong knowledge of regulations and insurance compliance framework.
  • Leadership and supervisory skills.
  • Excellent communication and reporting abilities.
  • Customer grievance handling and resolution.
  • Ability to coordinate effectively with regulatory authorities.