Head Risk And Compliance

Michael Page; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Michael Page India seeks a regulatory, risk and compliance professional to lead international underwriting compliance initiatives from Mumbai. You will partner with global teams to develop policies, oversee regulatory filings, audits and training, ensuring adherence to evolving UK/Europe standards.

The role requires strong leadership, international experience, and prior insurance industry exposure, with a track record of managing a team and delivering regulatory improvements.

Qualifications

• Experience in regulatory, risk, compliance roles with international exposure.
• UK/Europe regulatory exposure mandatory.
• Experience with insurance clients or managing insurance relationships.

Responsibilities

• Develop risk and compliance frameworks, policies and procedures for International Underwriting.
• Lead the preparation and submission of regulatory reports.
• Conduct compliance reviews and address gaps with corrective actions.
• Oversee monitoring and testing programs to ensure regulatory adherence.
• Partner with senior management to align reporting policies with standards.
• Identify opportunities for regulatory process enhancement and automation.
• Oversee audits and inquiries with documentation and responses.
• Prepare regulatory filings and maintain submission records.
• Contribute to training programs educating employees on regulatory requirements.
• Monitor emerging regulatory trends and advise on business impact.

Skills

Regulatory compliance

International experience

Insurance industry

Leadership

Job description

Job Description:

• Strong international exposure with collaboration across UK & Europe.
• The organization values innovation & is not a conventional insurance carrier.

About Our Client

Leading global speciality insurance services firm

Job Description

• Under the direction of Assistant General Counsel, International, develop risk and compliance frameworks, policies and procedures for the International Underwriting business.
• Lead the preparation and submission of regulatory reports as per prescribed formats and guidelines.
• Ensures compliance with regulatory requirements by conducting compliance reviews, identifying, and addressing compliance gaps and recommending corrective actions.
• Oversees the development and implementation of compliance monitoring and testing programs to ensure ongoing adherence to regulatory requirements.
• Partners with senior management to develop and implement regulatory reporting policies, processes, and procedures in alignment with regulatory standards.
• Leads opportunity identification for regulatory process enhancement, automation, and optimization to improve the efficiency and accuracy of regulatory reporting.
• Oversee internal and external audits and inquiries by providing required documentation, explanations, addressing audit findings and implementing corrective actions as necessary.
• Leads the preparation and submission of regulatory filings and reports to relevant authorities, maintains accurate records of all submissions.
• Assist in initial review of standard legal and regulatory documentation, including delegated authority arrangements, NDAs and TOBAs.
• Managing broker relationships and documentation for the international group entities.
• Prepares reports on upcoming legal, risk and compliance developments to assist in wider horizon scanning for international.
• Prepares responses to inquiries from regulatory agencies and facilitates inspections
• Contributes to the design and delivery of training programs to educate employees on regulatory requirements, promoting a culture of compliance within the organization.
• Monitors and assesses the impact of emerging regulatory trends on business operations, provides strategic recommendations to senior management.
• Stays abreast of changes in laws, regulations, and industry standards affecting the insurance sector and provides timely updates to internal stakeholders.

The Successful Applicant

We're Looking For Someone Who Has

• Good communication and leadership skills.
• Experience in a regulatory, risk, compliance or related role with relevant international experience.(MUST).
• UK or Europe experience into risk/compliance are mandatory pre-requisites.
• Experience of working in Insurance or has managed insurance clients (MUST).
• Experience of managing a team of professionals.

What's on Offer

• Opportunities to lead and shape compliance policies across Global Frameworks.

Quote job ref: JN-102026-7116633