savannahr.com
3-7 YrsMumbai
Ensuring timely and accurate submission of reports to Statutory Authorities (IRDAI, GIC, IIB etc.). Maintaining proper record of correspondance to and from Statutory Authorities including Policy/SOP tracker. Regular co-ordination with the internal departments for timely submission of Adhoc and Regular reportings of statutory Authorities.
Keeping track and circulations of regulatory updates and notifications by Authorities (IRDAI, GIC, IIB ), ensuring timely broadcast of the regulatory circulars/notifications. Ensure timely preparation of gap analysis from the regulatory circular and track implementation of the regulatory compliance requirement and pursue the same with stakeholders for completion
Regular update new regulatory submission and update certification checklist for new circulars/guidelines certification basis on the compliance monitoring tool within the quarter and review and update the same in Regulatory return framework on monthly basis and circulate the same as and when required.
Timely review of advertisements, Marketing collaterals/Product documents, scripts, policies, SOPs from Compliance angle\s\s
Providing data to Internal Audit etc. as well as external agencies such as Statutory & Secretarial Auditors from time to time and processing the payment of vendors petaining to Compliance function and IRDAI renewal payment and support in IRDAI inspection including coordination for timely logistical and data arrangent
(i) Assisting in customization and localization of the Asia product Framework \s\s
(ii)perform the related second level controls as per the Control Testing Plan timelines and document them in the GRC within such timelines; agree mitigation actions and timelines with the onwers, where necessary \s\s
(iii)Assessment of local regulations, in order to evaluate their adherence to Group standards following the Group Compliance Operating Model (i.e. GIRS self-assessment on Compliance Policies and Guidelines)\s\s
(iv) Group Standards/Common activities: perform the activities provided by the Group Compliance Operating Model in alignment with Group/ICT/Regional directions (added from Tone from the Top & Ethics) and participate in the Ethical Culture Evaluation Index and improvement actions\s\s
(v) keep the integration plan activities on track
Qualification and Experience Requirement\s\s
Education \s\s
:Any graduate with 7 to 10 years experience in General Insurance Company(CS /LL.B degree preferable) having knowledge and experience of regulatory submissions, knowledge of insurance circulars/regulations/guidelines\s\s
Experience \s\s
:7 to 10 years experience in General Insurance Company
Savanna HR is a leading recruitment agency and we specialise in hiring for leadership roles and C-suite level roles.
Reach us for any kind of recruitment needs on hello@ savannahr . com