Risk & Compliance Role

Risk & Compliance

I. Basic Information:

Job Title: SDM/SSDM Report to (Job Title) BDM

Department: Compliance Services Direct Reports (Job Title) N/A

Division GGB-UK Location Pune/Mumbai

As a global insurance brokerage, s to provide the best service to its customers. The is a crucial component of our ability to provide industry-leading quality and customer service, helping our global teams serve our end customers better, meet regulatory requirements and improve speed to market.) supports various divisions of, providing premier service to our customers around the globe. The GSC has grown into a team of more than 10,000 employees across four locations Kolhapur, Shimoga, Bengaluru Pune and Mumbai, providing reliable, fast and high-quality support to field staff.

Working at the GSC gives you the opportunity to join a growing global organization. We offer our employees an unmatched professional environment to use their skills, improve their knowledge and deliver tangible results.

We want to empower you to make a difference, take control and make an impact. r believes that all persons are entitled to equality in our employment opportunities.

III. Position Summary:

This is a full-time hybrid role as a Manager - Governance, Risk and Compliance Centre of Excellence to support Artex Risk and Solutions. The Manager will be responsible for day-to-day tasks related to compliance management, regulatory compliance governance, financial crime- compliance testing and analytical skills. This role is located in Pune, with flexibility for some remote work.

IV. Primary Responsibilities:

- Develop and oversee control systems to prevent or deal with violations of regulatory measures and internal policies.

- Draft, modify and implement company policies and procedures.

- Evaluate the efficiency of controls and seek to improve them continuously

- Revise procedures, reports etc. periodically to identify instances of inadequacy or non-conformity

- Respond to queries providing guidance and advice on matters relating to Risk & Compliance for new and existing clients/investors across all levels, client service teams and directly with the client/investors

- Collaborate with stakeholders to monitor enforcement of standards and regulations

- Review the work of colleagues when necessary to ensure compliance and provide advice or training

- Keep abreast of regulatory developments in the jurisdictions where we operate as well as evolving best practices in governance, ongoing monitoring, compliance and control

- Prepare reports for senior management and external regulatory bodies as appropriate

- Maintain the risk management program that identifies and evaluates potential risks and their potential impact on the company

- Maintain and monitor the internal control system to ensure compliance with company policies, procedures, and applicable regulatory measures

- Collaborate with other departments to support implementation of risk mitigation strategies, controls, and procedures to minimize identified risks

- Compile, populate and circulate relevant risk and compliance client onboarding documents for review by the Client Onboarding Committee

- Support the maintenance of risk assessments, governance evaluations and compliance audits to identify potential areas of non-compliance, in accordance with relevant standards, laws and regulations

- Ensure adequate and timely reporting, escalation and remediation of deficiencies

- Work with the wider Risk, Compliance and Operations teams within Artex globally, in developing and implementing new global and local Risk tools and processes and provide risk support to the same

- Provide support with external and internal auditors, regulators, and other stakeholders with respect to addressing risk and compliance matters for multiple jurisdictions

- Monitor Client Risk Profiles, processing and resetting next review dates, and maintain company Client Risk Matrices.

- Develop, maintain and oversee a calendar of compliance and risk reporting, Board and Committee meetings, and client commitments as applicable to develop a strong risk culture

V. Qualifications:

- Bachelor's/PG degree in a relevant field

- Provide people management and development responsibilities and ensure team service level standards are met and Conduct regular performance review with the team

- Oversee new client on boarding and implement process enhancements to improve client on boarding experience.

- Perform quality reviews on new client and refresh cases, ensuring a high level of quality before cases are finalized

- Perform KYC tasks, including monitoring and tracking of the KYC records and Appendix approval process, assisting with the development and execution of action planning for expiring records, and ensuring records are not past due

VI. Skills and Competencies:

- Compliance Management and Regulatory Compliance skills

- Risk Management, Governance and Compliance Control Testing

- Strong Analytical Skills

- Excellent written and verbal communication skills

- Ability to work independently and remotely

- Experience in the insurance industry is a plus

VII. Minimum Qualifications:

Education:

- Major Any Graduate or Post Graduate

- Degree 1Bachelor 0Master

- Licenses/Certificates

- CAMS, ACAMS, AML

Work Experience:

- 12+ Years of experience in KYC & AML is preferred

- Should have good experience in team handling for 5 + years

- Position Hierarchy

- Process Associate/Process Analyst > Senior Process Analyst > Team Manager/Senior Team Manager > Service Delivery Manager > Senior Service Delivery Manager > Business Leader

- Remuneration, Perks and Stocks (as applicable)