Manager - Compliance

Tata AIA Life Insurance; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Tata AIA Life Insurance seeks a Compliance professional responsible for providing comprehensive legal, regulatory, and advisory support across product management and business initiatives.

The candidate will ensure regulatory compliance and product governance while managing legal support for new product launches. A Bachelor of Laws and 5-7 years of relevant experience in the life insurance sector are required.

Qualifications

• 5-7 years of relevant experience in the life insurance sector.
• Strong knowledge of regulatory frameworks and compliance requirements.

Responsibilities

• Provide legal, regulatory, and advisory support across product management.
• Ensure compliance and product governance.
• Draft and review policy documents for regulatory accuracy.

Skills

Regulatory compliance

Legal accuracy

Product management

Stakeholder collaboration

Research and analysis

Education

Bachelor of Laws

Master of Laws / Company Secretary

Job description

Overview

The role is responsible for providing comprehensive legal, regulatory, and advisory support across product management, IFSC operations, business initiatives, and internal reporting. The incumbent ensures regulatory compliance, product governance, and alignment with applicable laws, regulatory frameworks, and internal policies while supporting business growth and innovation.

Organizational Relationships

Reports To: Deputy Vice President - Compliance

Job Dimensions

Geographic Area Covered: Head Office- Complete Geography

Stakeholders Internal

Stakeholders External

Key Result Areas

Products

• Vet Product Management Committee (PMC) documentation for new product launches and modifications.
• Draft, review, and ensure regulatory and legal accuracy of policy documents.
• Manage end ‑ to ‑ end legal support for new product launches and product modifications.
• Establish and maintain consistency mechanisms across PMC approvals, policy wordings, and regulatory filings.
• Provide ongoing advisory support to product and business teams.
• Manage licensing and renewals with IFSCA and SEZ authorities.
• Handle regulatory representations, correspondence, and supervisory interactions.
• Support regulatory implementation, compliance monitoring, and periodic reporting.
• Collaborate with stakeholders on IFSC business models and internal processes.
• Liaise with external legal counsel for regulatory opinions and advisory support.
• Evaluate innovative product propositions, including wellness offerings, health management services, and value ‑ added services.
• Assess new and evolving IFSC business models under applicable regulatory frameworks.
• Provide operations advisory for Individual and Group business lines.
• Interpret regulations, evaluate industry practices, and conduct extensive legal research.

Internal & External Reporting

• Prepare management ‑ level reports on legal, regulatory, and product matters.
• Coordinate and support AIA group reporting requirements.
• Collaborate with multiple internal stakeholders to ensure timely and accurate reporting.

Qualification

Bachelor of Laws

Master of Laws / Company Secretary

Experience

5-7 years relevant experience in Life insurance sector

5-7 years relevant experience in Life insurance sector