AVP - Compliance (Insurance)

Key Responsibilities:

1. Regulatory Compliance:
   • Monitor and ensure compliance with applicable insurance laws, regulations, and guidelines issued by regulatory authorities.
   • Coordinate with regulators for periodic audits, examinations, and reporting requirements.
2. Policy Development & Implementation:
   • Develop and maintain compliance policies, manuals, and procedures in line with industry regulations and company objectives.
   • Conduct periodic reviews of existing policies and update them as necessary to align with new regulations.
3. Compliance Monitoring & Reporting:
   • Lead compliance audits, identify risks, and implement corrective action plans.
   • Prepare and submit timely compliance reports to senior management and regulatory authorities.
4. Training & Awareness:
   • Design and deliver compliance training programs for employees to build awareness of regulatory obligations and ethical practices.
   • Act as a resource for staff regarding compliance-related questions and issues.

Qualifications & Skills:

• Education: Bachelors degree in law, business administration, finance, or a related field.
• Experience:
  • Minimum of 5-7  years of compliance experience in the insurance or financial services industry.
  • Proven experience managing regulatory relationships.
• Skills:
  • Strong knowledge of insurance regulations and compliance frameworks.
  • Exceptional analytical and problem-solving skills.
  • Ability to lead teams, manage multiple priorities, and communicate effectively with diverse stakeholders.