Head of Legal & Compliance

You can look forward to

Primary Responsibilities:

Compliance:
• Ensure compliance with Indian insurance and reinsurance regulations, including prudential regulation and associated calculations.
• Actively and continuously monitor the regulatory environment for new and emerging regulation, communicate these developments to the relevant stakeholders, and conduct gap analyses where required.
• Develop, implement, and maintain compliance policies and procedures tailored to the Indian market.
• Advise the branch management on matters relating to adapting policies and processes to the new regulatory environment.
• Lead training sessions for staff on compliance and regulatory issues.
• Monitor the compliance of the branch with external regulations and internal policies.
• Conduct a compliance risk analysis on a regular basis.
• Develop an annual compliance plan.
• Foster a culture of compliance and alignment with the Code of Conduct within the organization.
• Maintain a compliance reporting (prepare regular annual compliance reports and if necessary, incident compliance reports).
• Conduct compliance investigations if necessary.

Regulatory Relationship Management:
• Manage the relationship with IRDAI including acting as the coordinator for IRDAI requests and submissions,
• Organisation of meetings with IRDAI and supporting the Branch Manager with any other IRDAI-relevant matters.
 

Legal Advisory:
• Review and draft legal documents, ensuring they meet regulatory standards and company policies.
• Provide legal guidance on contracts, policies, and operational practices within the Indian branch, including on claims.

Sanctions and AML:
• Act as the local coordinator for any sanctions screening and AML requirements.

Across all these areas you will work closely with the Head Office legal and compliance teams to align local practices with global standards.

You come equipped with

• Bachelor’s degree in Law (LLB) or equivalent.
• Additional qualifications (e.g., LLM, Company Secretary) are a plus.

• 5-10 years of experience in legal and compliance roles, preferably within the insurance or reinsurance sector.• In-depth knowledge of Indian insurance and reinsurance regulations, particularly those enforced by IRDAI.
• Multinational Experience: Proven experience working in multinational companies with a collaborative approach to compliance and legal matters.
• Risk Management: Experience with risk management, especially compliance risks, operational risks, and prudential risks, as well as risk reporting, is a plus but not required.

Strong analytical skills, attention to detail, excellent communication and interpersonal skills, and the ability to work independently and as part of a team.
Willingness for travel