IRDA Compliance AND Legal Drafting for General Insurance

Job Description

Designation Chief Manager- Compliance AND Legal

Employment Type Full Time

Location Corporate Office - Mumbai

Reporting to Head - Legal & Compliance

Department CS & Compliance

RESPONSIBILITIES:

Regulatory filings with IRDAI and other regulatory bodies

Tracking of IRDAI circulars and penalty orders and dissemination of the same to all Stakeholders

Identifying new laws and regulations applicable to the Co. and ensuring its implementation across functions also keeping track on updates of regulatory and other statutory requirements on an ongoing basis

Implementing processes and controls for IRDAI reporting and ensuring timely reporting with IRDAI and Board as per statutory requirements.

Preparing and updating compliance checklist for various departments in line with the IRDAI Act, Rules and Regulations

Ensuring implementation and closure of various actionable arising from new circulars/regulations

Communicating and sharing compliance requirements with stakeholders

Ensuring compliance with the IRDAI Guidelines on Outsourcing, AML, F&U, Advertisements, places of business etc.

Drafting and implementation of policies required as per regulatory requirements

Assisting in reviewing insurance policies & product related documents such as marketing and branding activities, customer communications, promotional materials and advertisements, sales and distribution related activities to ensure compliance with regulatory requirements of IRDAI

Assisting in conducting need based Compliance training programs and awareness sessions

Filing various returns on BAP

Drafting and vetting of legal documents namely Non-Disclosure Agreement, Master Service Agreement etc.

CANDIDATE PROFILE:

Candidates should be LL.B / LLM / CS with about 8 to 10 years experience in the General Insurance, Compliance & Legal function.