Manager - Consumer Litigation - Life Insurance - LLB

Our client is one of the leading private sector Life Insurance Company. It is listed on National stock exchange (NSE) and Bombay stock exchange (BSE).

Position: Manager- Consumer Litigation.

Role:

- Regulatory updates and implementation- Review regulatory updates and regular tracking and implementation of any regulatory requirements and any other compliance matters.

- Advisory role with respect to processes- Providing advisories to stakeholder on various regulatory aspects. Engage with partners and stakeholders to enable compliance related onboarding and servicing processes.

- Agreement review- Review intermediary and service partner agreements.

- Regulatory Monitoring and reporting- Ensuring monitoring and risk mitigation along with timely analysis and regulatory reporting. Relook at existing processes and evaluate/implement automation to reduce people dependency and errors.

- Ensure record keeping of Compliance departmental records in line with regulatory requirements.

- Regulatory engagement- Engaging with regulators through representations, draft responses and notes on various compliance matters.

- Management engagement- Engaging with management on certain requirements and escalations, preparing presentations etc.

Education:

- Law Graduate with 3-4 years of experience in insurance companies. Good command over the English language is necessary.

Performance Measures:

- Adherence to TAT and process.

- No significant complaints from stakeholders.

- Efficiency and productivity.

- Willingness to adapt and learn.

Functional & Behavioral Competencies:

- Knowledge of insurance regulations.

- Team work and communication skill.

- Knowledge of the insurance processes would be an advantage.