VP Compliance (Life Insurance)

Key Responsibilities

Regulatory Compliance:

• Monitor and ensure compliance with applicable insurance laws, regulations, and guidelines issued by regulatory authorities.
• Coordinate with regulators for periodic audits, examinations, and reporting requirements.

Policy Development & Implementation:

• Develop and maintain compliance policies, manuals, and procedures in line with industry regulations and company objectives.
• Conduct periodic reviews of existing policies and update them as necessary to align with new regulations.

Compliance Monitoring & Reporting:

• Lead compliance audits, identify risks, and implement corrective action plans.
• Prepare and submit timely compliance reports to senior management and regulatory authorities.

Training & Awareness:

• Design and deliver compliance training programs for employees to build awareness of regulatory obligations and ethical practices.
• Act as a resource for staff regarding compliance-related questions and issues.

Qualifications & Skills

Education: Bachelor's degree in law, business administration, finance, or a related field.

Experience:

• Minimum of 5-7 years of compliance experience in the insurance or financial services industry.
• Proven experience managing regulatory relationships.

Skills:

• Strong knowledge of insurance regulations and compliance frameworks.
• Exceptional analytical and problem-solving skills.
• Ability to lead teams, manage multiple priorities, and communicate effectively with diverse stakeholders.