Manager - Compliance Insurance

Seven N Half; Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A reputable firms in the insurance sector is looking for a seasoned Compliance Manager to oversee regulatory compliance across its life, general, and health insurance distribution business. Key responsibilities include evaluating insurance products for compliance with IRDAI regulations, conducting compliance audits, and managing regulatory interactions. The ideal candidate should have a minimum of 7 years of experience in insurance compliance, strong knowledge of the applicable laws, and excellent drafting skills. The position is full-time and based in Mumbai, Maharashtra.

Qualifications

• Minimum 7 years of experience in insurance compliance.
• Strong knowledge of IRDAI Corporate Agency and Data Privacy laws.
• Proven skills in compliance frameworks and regulatory interactions.

Responsibilities

• Evaluate insurance products ensuring alignment with IRDAI guidelines.
• Conduct compliance testing of insurance processes.
• Prepare Compliance Views and ensure timely regulatory submissions.

Skills

Insurance compliance

Knowledge of IRDAI regulations

Compliance frameworks

Excellent drafting skills

Education

Bachelor’s/Master’s degree in Law, Commerce, or related field

Job description

The SuperApp is seeking a seasoned Compliance Manager – Insurance to oversee regulatory compliance for its life, general, and health insurance distribution business. The role is pivotal in ensuring full adherence to IRDAI regulations, maintaining compliance hygiene across internal processes, and managing regulatory engagement.

Key Responsibilities

Product & Communication Compliance

• Evaluate all insurance products (life, general, and health) being launched or modified, ensuring alignment with IRDAI Corporate Agency Guidelines and applicable insurance laws.
• Review and approve customer-facing communications, product marketing materials, advertisements, and disclosures.
• Ensure arms‑length conduct is maintained with all Tata group companies and insurance affiliates.

Data Privacy & Inter-Company Governance

• Ensure data privacy obligations are met for customer data within group companies.
• Document and monitor inter-company data-sharing arrangements.

Compliance Testing & Monitoring

• Conduct compliance testing of insurance processes to ensure adherence.
• Recommend corrective actions and track closure of non‑compliances.

Compliance Self‑Certification

• Drive timely completion of compliance self‑certifications by process owners.
• Validate evidences submitted for accuracy and alignment.

Regulatory Correspondence & Reporting

• Prepare Compliance Views / Position Notes.
• Ensure accurate and timely regulatory submissions to IRDAI.
• Handle IRDAI correspondence, inspections, and clarifications.

Audit Management

• Liaise with internal, statutory, and regulatory auditors.
• Ensure timely closure of audit observations.

Core Requirements

• Minimum 7 years’ experience in insurance compliance, covering life, general, and health segments.
• Strong knowledge of IRDAI Corporate Agency Guidelines, Advertisement Guidelines, and Data Privacy laws.
• Proven skills in compliance frameworks, audit handling, and regulatory interactions.
• Excellent drafting and interpretation skills for memos, submissions, and control assessments.

Preferred Qualifications

• Bachelor’s/Master’s degree in Law, Commerce, or related field.
• Certifications in insurance laws or compliance are preferred.

Seniority level

• Mid‑Senior level

Employment type

• Full‑time

Job function

• Other and Legal

Industries

• Insurance

Mumbai, Maharashtra, India