Overview
Insurance Compliance Head Jobs in Pune, Maharashtra, India at Weekday AI (YC W21)
Title: Insurance Compliance Head
Company: Weekday AI (YC W21)
Location: Pune, Maharashtra, India
This role is for one of the Weekday’s clients
Min Experience: 10 years
Location: Pune
JobType: full-time
We are seeking a seasoned and strategic Head of Insurance Compliance to lead and strengthen the compliance framework for our insurance operations. The ideal candidate will bring a deep understanding of regulatory frameworks governing the insurance industry and will be responsible for ensuring that the company’s activities comply with applicable laws, regulations, and internal policies. This leadership role requires a proactive approach to compliance monitoring, testing, and oversight of corporate agency functions to safeguard the organization against regulatory and reputational risks.
Requirements
Key Responsibilities:
Compliance Strategy & Framework:
Develop, implement, and continuously improve the overall compliance strategy in alignment with regulatory guidelines and business objectives.
Establish and update the compliance policy framework, ensuring relevance to IRDAI regulations, AML guidelines, corporate governance standards, and other applicable laws.
Compliance Monitoring & Testing:
Lead the design and execution of a risk-based compliance monitoring program to assess business functions and processes.
Conduct periodic compliance testing and reviews to identify, analyze, and report deviations or risks.
Oversee the remediation process and follow-ups on compliance gaps or breaches.
Corporate Agency Oversight:
Monitor and manage compliance of corporate agents (banks, NBFCs, brokers) in line with IRDAI corporate agency regulations.
Conduct due diligence, onboarding checks, and periodic audits of corporate agents to ensure adherence to agreements and regulatory expectations.
Support business development teams by providing compliance clarity for new partnerships and distribution models.
Regulatory Liaison & Reporting:
Act as the primary point of contact with the IRDAI and other regulatory bodies.
Ensure timely and accurate filing of regulatory reports, returns, and responses to queries or inspections.
Keep the leadership informed of regulatory updates, circulars, and changes impacting business.
Training & Awareness:
Drive organization-wide compliance awareness through regular training sessions and workshops.
Foster a culture of compliance and ethical behavior across all levels of the organization.
Risk Management & Advisory:
Provide advisory support to internal stakeholders on compliance matters related to new products, campaigns, sales practices, and marketing materials.
Collaborate with risk management and internal audit teams for integrated oversight of regulatory risks.
Key Skills & Competencies:
Strong knowledge of IRDAI regulations and insurance industry compliance norms.
Proven experience in compliance monitoring and compliance testing frameworks.
Demonstrated ability to manage corporate agency compliance and related third-party governance.
Excellent analytical, problem-solving, and communication skills.
Ability to interpret complex regulations and translate them into business-friendly policies.
High integrity, ethical orientation, and strong stakeholder management.
Qualifications:
Graduate/Postgraduate in Law, Business, or a related field.
Preferred certifications: LLB, CA, MBA (Finance or Compliance), or relevant compliance certifications.
Minimum 10+ years of relevant experience in insurance compliance, with at least 3 years in a leadership role.
