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.