Irda Compliance And Legal Drafting For General Insurance

Client of Talent Leads HR Solutions Pvt Ltd; India; On-site; INR 2,000,000 - 3,500,000; Full time

Job summary

Client of Talent Leads HR Solutions Pvt Ltd in Mumbai seeks a Chief Manager- Compliance AND Legal to lead regulatory filings and enforcement across the organisation. The role reports to the Head Legal & Compliance within CS & Compliance, coordinating IRDAI compliance and governance.

The ideal candidate has 8–10 years in General Insurance, Compliance & Legal, with expertise in policy drafting, outsourcing guidelines, and staff training on regulatory updates.

Qualifications

• LL.B / LLM / CS degree required.
• 8–10 years of experience in General Insurance, Compliance & Legal functions.
• Experience with IRDAI filings and regulatory requirements.

Responsibilities

• Regulatory filings with IRDAI and other regulatory bodies.
• Tracking of IRDAI circulars and penalty orders and dissemination to stakeholders.
• Identifying new laws and regulations applicable to the Co. and ensuring implementation across functions.
• Implementing processes and controls for IRDAI reporting and ensuring timely reporting with IRDAI and Board as per statutory requirements.
• Preparing and updating compliance checklist for various departments in line with IRDAI Act, Rules and Regulations.
• Ensuring implementation and closure of actionable arising from new circulars/regulations.
• Communicating and sharing compliance requirements with stakeholders.
• Ensuring compliance with IRDAI Guidelines on Outsourcing, AML, F&U, Advertisements, places of business, etc.
• Drafting and implementation of policies required as per regulatory requirements.
• Assisting in reviewing insurance policies & product documents to ensure compliance with IRDAI requirements.
• Assisting in conducting need-based Compliance training programs and awareness sessions.
• Filing various returns on BAP.
• Drafting and vetting of NDAs, Master Service Agreements, etc.

Skills

LL.B / LLM / CS

Regulatory filings

IRDAI compliance

Policy drafting

Stakeholder communication

Training & awareness

Education

LL.B / LLM / CS

Job description

Job Description

Designation: Chief Manager- Compliance AND Legal

Employment Type: Full Time

Location: Corporate Office Mumbai

Reporting to: Head Legal & Compliance

Department: CS & Compliance

Responsibilities

• Regulatory filings with IRDAI and other regulatory bodies
• Tracking of IRDAI circulars and penalty orders and dissemination of the same to all stakeholders
• Identifying new laws and regulations applicable to the Co. and ensuring its implementation across functions while keeping track on updates of regulatory and other statutory requirements on an ongoing basis
• Implementing processes and controls for IRDAI reporting and ensuring timely reporting with IRDAI and Board as per statutory requirements
• Preparing and updating compliance checklist for various departments in line with the IRDAI Act, Rules and Regulations
• Ensuring implementation and closure of various actionable arising from new circulars/regulations
• Communicating and sharing compliance requirements with stakeholders
• Ensuring compliance with the IRDAI Guidelines on Outsourcing, AML, F&U, Advertisements, places of business etc.
• Drafting and implementation of policies required as per regulatory requirements
• Assisting in reviewing insurance policies & product related documents such as marketing and branding activities, customer communications, promotional materials and advertisements, sales and distribution related activities to ensure compliance with regulatory requirements of IRDAI
• Assisting in conducting need based Compliance training programs and awareness sessions
• Filing various returns on BAP
• Drafting and vetting of legal documents namely Non-Disclosure Agreement, Master Service Agreement etc.

Candidate Profile

Candidates should be LL.B / LLM / CS with about 8 to 10 years experience in the General Insurance, Compliance & Legal function.