AVP - Compliance - General Insurance

Major Deliverables:

- Responsible for all compliance, regulatory, policies and processes as applicable.

- Implementing and managing the compliance framework of the company.

- Identify root causes of non-compliance events. Provide recommendations on corrective actions.

- Identify various risks and prepare the risk framework of the company. Evaluate the implementation and make changes as appropriate to the risk framework.

- Prepare reports outlining recommendations for improvements.

- Design action plans to ensure robust compliance.

- Maintain appropriate records.

- Coordinate, prepare, or review regulatory documents or submissions.

- Represent the company before the Regulatory authorities and Board.

- Keeps oneself updated on best practices and high on Market intelligence.

- Having good knowledge and process understanding of Insurance business

- Should be able to work as a team player with other functions.

- Well versed with IRDAI Regulations & Guidelines.

Competencies:

- Good Interpersonal & Communication Skills

- Exposure to interact with statutory authorities.

- Demonstrate Leadership abilities across

Educational Qualification: Postgraduate & LLB can be an added advantage

Experience:

- Minimum 8 to 10 years of experience in Compliance and 7 to 8 years in General Insurance

- Hands on experience in managing compliance department of Insurance Companies & leading broking firms