Job Description

Position Title : Lead - Compliance

Level/Grade/Designation General Manager

Company - Magma HDI General Insurance

Department - Insurance

Division - Legal & Compliance

Compliance:

- Drafting, vetting and negotiating agreements, deeds i.e. Service Level Agreements, Outsourcing Agreements, MoUs, Leave and Licence Agreements etc.

- Drafting, Vetting of General Insurance Products

- Handling high value litigation and co-ordination with law firms/advocates

- Giving legal advice to the company on various legal and regulatory issues

- Indian Stamp Act implementation and Compliance

- Labour Law Compliance at HO/Branches including handling its issues

- Telecom Act Compliance

- Implementing requirements of IT Act, Data Privacy norms, FEMA, etc and ensuring its compliance on an ongoing basis

- Automation of contract management process

- Advising on POSH

- Implementation of requirements relating to Trade Mark/ Copyrights and ensuring its Compliance on an ongoing basis

- Advising on Corporate Laws (on need basis)

- Taking up responsibility as and when Compliances cases comes

Competencies :

- Excellent knowledge of IRDA Regulations, Acts, Process & Procedures especially Insurance Law, Civiland Criminal law, AML, etc.

- Collaboration - Stakeholder Management

Qualification & Experience :

- Graduate - LLB (additional qualification of CS shall be given preference). Certifications / Fellow ship in

- Insurance would be an added advantage

- Overall experience of 10-12 years At least 3 years experience in Insurance sector (including at least 4

years in General Insurance)

Skills :

- Analytical Skills,

- E-mail Drafting

- Excellent knowledge of MS-Office applications

- Planning and Organising skills