At Acko (www.acko.com), We are looking to hire Manager/Senior Manager - Compliance with who is self-motivated. Willing to work independently with rich knowledge and experience in Insurance Laws & at least 3 years of experience in compliance and regulatory matters in General Insurance Industry.The person should be Thorough with Insurance Laws and related regulations, notifications and circulars, grievance handling with regulatory viewpoint and insight. Key Responsibilities Functional Responsibilities Regulatory Compliance: a. Ensure effective implementation of Compliance Management Framework within the Company through timely implementation and monitoring of all regulatory requirements. b. Proactively identify and document potential areas, compliance risks and partner with business and stakeholders to formulate plans to mitigate and safeguard the organisation from regulatory non-compliance risks. c. Manage Regulatory Change Management by carrying out Impact Analysis of new laws and regulations and ensure their dissemination and implementation by the various functions. d. Monitoring of sales practice issues. e. Monitor and assess the Company's compliance status through periodic process reviews on a sample basis. f. Build/Enhance compliance monitoring systems g. Ensure regulatory compliance checks through Self-Assessment modules h. Ensure conduct Compliance Risk Assessment activity i. Review all compliance related policies and SOPs on periodic basis j. Represent the Compliance Function in various internal and external meetings and forums. k. Build critical relationships with internal clients. Publication Review Process a. Manage the reviewing, sign off and filing of all advertisement material b. Review all customer communication within the regulatory framework Product &amp; Marketing Compliance a. Review of Product Documentation (Policy Document) and marketing collateral. Distribution Compliance a. Advise Distribution Teams and partners on legal and regulatory requirements and expected levels of conduct. b. Ensure carrying out of Distribution Process Reviews from the perspective of good Market&nbsp; Conduct and Ethical Sales Practices c. Disseminate trainings to the Distribution Teams d. Ensure Branch reviews from a compliance standpoint as per agreed framework Compliance Advisory &amp; Support a. Provide advisory on queries from various functions. b. Assist in drafting / reviewing of compliance communication and process AML Compliance a. Review AML and CFT Policy and AML Process Manual. b. Enhance systemic controls and develop systems to meet enhanced regulatory requirements. c. Ensure that Ongoing Due Diligence of policyholders is carried out by the AML Team. d. Ensure review of alerts generated through system and reporting of alerts. e. Reporting and communication to FIU-IND. Reporting requirements of IRDAI and General Council a. Ensure timely and accurate submission of data and reports (regular and ad hoc) to the regulatory authorities. b. Ensure co-ordination with internal teams and rigorously follow-ups for timely submissions Regulatory Inspection a. Ensure readiness of the Company from a regulatory perspective for inspections (including carrying out mock inspections, data readiness, logistical co-ordination, communication with the SPOCs with daily updates. b. Ensure timely and qualitative filing of responses on IRDAI observations. Training modules: - Assist the CCO in developing training modules and ensure education of employees, business units, agents and sales intermediaries: a. on applicable laws, regulations and compliance policies, regulatory framework and ethical business practices; b. on Code of Conduct, Ethics, Laws related to Confidentiality, Privacy and prevention of Sexual Harassment. Relationship Building - Interact with the Regulators and compliance teams of peer companies

Bangalore

Acko - Manager/Senior Manager - Compliance - Insurance 

Acko - Manager/Senior Manager - Compliance - Insurance  ,Job Description for Acko - Manager/Senior Manager - Compliance - Insurance  in Acko General Insurance in  Bangalore for (4-8) years of experience. Apply Now!

Job Description for Acko - Manager/Senior Manager - Compliance - Insurance  in Acko General Insurance in  Bangalore for (4-8) years of experience. Apply Now!