Regulatory Compliance Manager

5 days ago

Mumbai Metropolitan Region, India Magma General Insurance Limited Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Duties and responsibilities :-

  • Attend to Business queries from IRDAI perspective, if any
  • Assist in ensuring implementation of various circulars issued by IRDAI, CERSAI and other regulatory bodies.
  • Assist in ensuring compliances with respect AML as are applicable to General Insurance Companies in India.
  • Review the various arrangements of Company from Outsourcing perspective and carry out other compliances as are applicable under extant Outsourcing guidelines issued by IRDAI.
  • Review the Policies/SOP's of the Company in line with extant regulatory requirements.
  • Assist in Inspections, seek requisite data from respective departments, seek responses to observations, if any.
  • Handle external and internal stakeholders such as Statutory Audit, Internal Audit from compliance perspective.
  • Assist in conducting Compliance Testing/assurance, identify gaps, if any and suggest corrective actions for the same.
  • Update, maintain and review the Compliance tracker.

Competencies :

Excellent knowledge of IRDA Regulations, Acts, Process & Procedures applicable to General Insurance Companies

Collaboration

Stakeholder Management

Qualification & Experience :

Company Secretary, Certifications / Fellow ship in Insurance would be an added advantage

Overall experience of 6+ years experience in Insurance sector.

Skills :

Analytical Skills,

E-mail Drafting

Excellent knowledge of MS-Office applications

Planning and Organizing skills

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