8. Accountabilities & Activities:
The Job responsibility would encompass:
To identify new laws and regulations applicable to the Company and achieve its implementation across functions.
To review health insurance products and related documents such as marketing and branding activities, customer communications, promotional materials & advertisements, sales & distribution material etc. and ensure compliance with regulatory requirements.
To review training material, modules and manuals from compliance perspective.
To review business processes of the functions such as operations, customer services, claims, underwriting, Provider function, licensing, sales, marketing etc.
To develop and implement compliance systems, processes and controls.
To develop and implement processes and controls for IRDA reporting and ensure timely reporting with IRDA and Board as per statutory requirements.
To conduct compliance audit/testing of various functions/processes
To provide compliance guidance to various functions on applicable laws and regulations, ethics and internal standards
To conduct compliance workshops & training for various functions on applicable compliances as and when required.
To assist in identification of compliance & regulatory risks, its implications and recommend actions for mitigating those risks.
To document and maintain compliance systems and processes
To provide support to Head- Compliance in various Compliance Programs.