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Job Description
Role description
A.Position Overview
Position Title | Asistant Manager / Manager - Compliance |
Department | Compliance |
Level/Band | Manager / 401 |
Location | Mumbai |
Reports to | Deputy Vice President - Compliance |
Role Summary:
The role is responsible for providing comprehensive legal, regulatory, and advisory support across product management, IFSC operations, business initiatives, and internal reporting. The incumbent ensures regulatory compliance, product governance, and alignment with applicable laws, regulatory frameworks, and internal policies while supporting business growth and innovation.
A.Organizational Relationships
Reports To | Deputy Vice President - Compliance |
Supervises | NA |
Job Dimensions
Geographic Area Covered | Head Office- Complete Geography |
Stakeholders Internal | Products, Operations, Marketing, Distribution, Strategy, etc. |
Stakeholders External | Regulatory Authorities- IRDAI, IFSC, etc. |
B.Key Result Areas
Advertising Compliance | .Review and approve advertisements, marketing collaterals, and digital campaigns for regulatory compliance. .Ensure adherence to IRDAI guidelines, internal policies, and product approvals. .Advise business and marketing teams on advertising compliance requirements. .Identify and mitigate compliance risks in customer-facing communications. .Maintain approval records and support regulatory audits and inspections. .Conduct training and awareness sessions on advertisement compliance. .Drive automation and innovation to increase efficiency and productivity. |
Product Compliance | .Vet Product Management Committee (PMC) documentation for new product launches and modifications. .Draft, review, and ensure regulatory and legal accuracy of policy documents. .Manage endtoend legal support for new product launches and product modifications. .Establish and maintain consistency mechanisms across PMC approvals, policy wordings, and regulatory filings. .Provide ongoing advisory support to product and business teams. |
Advisory | .Evaluate innovative product propositions, including wellness offerings, health management services, and valueadded services. .Assess new and evolving IFSC business models under applicable regulatory frameworks. .Provide operations advisory for Individual and Group business lines. .Interpret regulations, evaluate industry practices, and conduct extensive legal research. |
Internal & External Reporting | .Prepare managementlevel reports. .Coordinate and support AIA group reporting requirements. .Collaborate with multiple internal stakeholders to ensure timely and accurate reporting |
C.Skills Required
. Strong interpretational and analytical skills for regulatory and legal frameworks.
. Ability to conduct extensive legal and regulatory research.
. Effective people management, time management, and prioritization abilities.
. Strong written and verbal communication skills.
. Problemsolving attitude with attention to detail and business practicality.
.Technical & Digital Skills:
oEnable automation to improve efficiency and reduce manual intervention and Support rollout of digital and AI-enabled products
oCollaborate with business & tech teams to embed compliance in digital innovations
oEvaluate and mitigate risks in AI, data usage, and emerging technologies
oPromote process digitization and simplification across compliance and product workflows
D.Incumbent Characteristics
Essential | Desired | |
Qualification | Bachelor of Laws | Master of Laws / Company Secretary |
Experience | 5-7 years relevant experience in Life insurance sector | 5-7 years relevant experience in Life insurance sector |
Disclaimer:
Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. If the application aligns with our requirements, you may be contacted for further steps. Verify job offers through official Tata AIA communication channels to avoid fraud. The job description is the sole property of Tata AIA Life Insurance. The content of this JD is confidential, and unauthorized changes or reproduction are forbidden. To know more about Tata AIA Life, click on the weblink:
More Info
Key Skills
AI data usage
product governance
digital innovations
advertising compliance
About Company
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.
