Job Description
Brief Objective of Position & Its Contribution to the Business
• Established a sound regulatory compliance framework, regulatory engagement & policy advocacy program.
• Build strong regulatory engagement & direct liaison with all functions and insurance partners
• Draw a detailed and efficient process for implementing all applicable regulations by RBI, IRDAI, PFRDA & SEBI for Insurance and Investment Business
• Always ensure and be ready with all functions for regulatory compliances and audit.
• Represent the Bank in various industry bodies of digital, fintech other working groups on regulatory policies, advocacy programs.
• Create regulatory knowledge for new and renewals of licenses and related registrations.
Duties/Responsibilities -
• Liasoning with Internal auditors and statutory auditors and effectively handling SEBI, IRDA, PRFDA inspections
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Evaluate the impacts of any new regulation, decision, ability to anticipate issues and proactively create a solution for open gaps and risks
• Build process around regulatory compliance requirements
• New product & Process approvals Ensure applicability of law like data protection, new license regulations and structure/reporting.
• Conducts risk assessments, Sales Process Assessment, collecting and analyzing documentation, statistics, reports, and market trends.
• Investigate all early claims, Policy lapsation trend analysis and recommendation, Fraud investigation, Mis selling action.
• Establishes policies and procedures to identify and address risks in the organization's services and departments.
• Reviews and assesses risk management policies and protocols; makes recommendations and implements modifications and improvements.
• Recommends and implements risk management solutions such as insurance, safety and security policies, business continuity plans, or recovery measures.
• Reviews and analyzes metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover fraudulent behavior.
• Drafts and presents risk reports and proposals to executive leadership and senior staff.
• Performs other duties as directed.
Qualifications
LLB/MBA finance/CA (addl. qualification of CS /LLM will be added advantage. LLB preferred because the role involves interpretation and engagement for policy and regulations).
Experience
Minimum 3 -6 years post-qualification in regulatory, legal and compliance function with direct engagement with financial sector regulators like RBI, SEBI, IRDAI, PFRDAI.
• Inhouse regulatory or compliance portfolio of financial services company handling inspection and audit by regulators, direct engagement with regulators.
Functional Competencies
• Advance Excel with VB and Macros, Reporting skills and Presentation
• Committed and ready to work under constraints/ pressure.
• Liaison skills and ability to participate in industry associations, fintech committees and place the company's viewpoint on regulatory enablement's and issues.
• Demonstrated ability to handle regulatory inspections and audits independently.
• High degree of professional ethics and integrity, Excellent judgement and analytical skills, good interpersonal skills
• Strong & Effective communication and influencing skills
Behavioral Competencies
• Self-Driven & Proactive
• Result Oriented with a positive outlook
• Wellpresented and businesslike Good speaking & writing skills
• Wellpresented and businesslike Good speaking & writing skills
• Stable career history, Exceptional work ethic & drive, Willing to travel
• Established a sound regulatory compliance framework, regulatory engagement & policy advocacy program.
• Build strong regulatory engagement & direct liaison with all functions and insurance partners
• Draw a detailed and efficient process for implementing all applicable regulations by RBI, IRDAI, PFRDA & SEBI for Insurance and Investment Business
• Always ensure and be ready with all functions for regulatory compliances and audit.
• Represent the Bank in various industry bodies of digital, fintech other working groups on regulatory policies, advocacy programs.
• Create regulatory knowledge for new and renewals of licenses and related registrations.
Duties/Responsibilities -
• Liasoning with Internal auditors and statutory auditors and effectively handling SEBI, IRDA, PRFDA inspections
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Evaluate the impacts of any new regulation, decision, ability to anticipate issues and proactively create a solution for open gaps and risks
• Build process around regulatory compliance requirements
• New product & Process approvals Ensure applicability of law like data protection, new license regulations and structure/reporting.
• Conducts risk assessments, Sales Process Assessment, collecting and analyzing documentation, statistics, reports, and market trends.
• Investigate all early claims, Policy lapsation trend analysis and recommendation, Fraud investigation, Mis selling action.
• Establishes policies and procedures to identify and address risks in the organization's services and departments.
• Reviews and assesses risk management policies and protocols; makes recommendations and implements modifications and improvements.
• Recommends and implements risk management solutions such as insurance, safety and security policies, business continuity plans, or recovery measures.
• Reviews and analyzes metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover fraudulent behavior.
• Drafts and presents risk reports and proposals to executive leadership and senior staff.
• Performs other duties as directed.
Qualifications
LLB/MBA finance/CA (addl. qualification of CS /LLM will be added advantage. LLB preferred because the role involves interpretation and engagement for policy and regulations).
Experience
Minimum 3 -6 years post-qualification in regulatory, legal and compliance function with direct engagement with financial sector regulators like RBI, SEBI, IRDAI, PFRDAI.
• Inhouse regulatory or compliance portfolio of financial services company handling inspection and audit by regulators, direct engagement with regulators.
Functional Competencies
• Advance Excel with VB and Macros, Reporting skills and Presentation
• Committed and ready to work under constraints/ pressure.
• Liaison skills and ability to participate in industry associations, fintech committees and place the company's viewpoint on regulatory enablement's and issues.
• Demonstrated ability to handle regulatory inspections and audits independently.
• High degree of professional ethics and integrity, Excellent judgement and analytical skills, good interpersonal skills
• Strong & Effective communication and influencing skills
Behavioral Competencies
• Self-Driven & Proactive
• Result Oriented with a positive outlook
• Wellpresented and businesslike Good speaking & writing skills
• Wellpresented and businesslike Good speaking & writing skills
• Stable career history, Exceptional work ethic & drive, Willing to travel
💡 Quick Summary
Seeking a career-building opportunity? The AU Small Finance Bank position is now open for candidates interested in the MIS Executive sector. This role in Jaipur offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in MIS Executive is a plus.