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Head Risk & Compliance

Mumbai Permanent View Job Description
The Head of Compliance is responsible for overseeing the regulatory, risk and compliance professionals and driving the development and oversight of regulatory, risk and compliance strategies.
  • Strong international exposure with collaboration across UK & Europe.
  • The organization values innovation & is not a conventional insurance carrier.

About Our Client

Leading global speciality insurance services firm

Job Description

  • Under the direction of Assistant General Counsel, International, develop risk and compliance frameworks, policies and procedures for the International Underwriting business.
  • Lead the preparation and submission of regulatory reports as per prescribed formats and guidelines.
  • Ensures compliance with regulatory requirements by conducting compliance reviews, identifying, and addressing compliance gaps and recommending corrective actions.
  • Oversees the development and implementation of compliance monitoring and testing programs to ensure ongoing adherence to regulatory requirements.
  • Partners with senior management to develop and implement regulatory reporting policies, processes, and procedures in alignment with regulatory standards.
  • Leads opportunity identification for regulatory process enhancement, automation, and optimization to improve the efficiency and accuracy of regulatory reporting.
  • Oversee internal and external audits and inquiries by providing required documentation, explanations, addressing audit findings and implementing corrective actions as necessary.
  • Leads the preparation and submission of regulatory filings and reports to relevant authorities, maintains accurate records of all submissions.
  • Assist in initial review of standard legal and regulatory documentation, including delegated authority arrangements, NDAs and TOBAs.
  • Managing broker relationships and documentation for the international group entities.
  • Prepares reports on upcoming legal, risk and compliance developments to assist in wider horizon scanning for international.
  • Prepares responses to inquiries from regulatory agencies and facilitates inspections
  • Contributes to the design and delivery of training programs to educate employees on regulatory requirements, promoting a culture of compliance within the organization.
  • Monitors and assesses the impact of emerging regulatory trends on business operations, provides strategic recommendations to senior management.
  • Stays abreast of changes in laws, regulations, and industry standards affecting the insurance sector and provides timely updates to internal stakeholders.



The Successful Applicant

We're looking for someone who has:

  • Good communication and leadership skills.
  • Experience in a regulatory, risk, compliance or related role with relevant international experience.(MUST).
  • UK or Europe experience into risk/compliance are mandatory pre-requisites.
  • Experience of working in Insurance or has managed insurance clients (MUST).
  • Experience of managing a team of professionals.

What's on Offer

  • Opportunities to lead and shape compliance policies across Global Frameworks.



If you're interested in this role, feel free to apply.

Quote job ref
JN-102026-7116633

Job summary

Function
Insurance
Sub Sector
Sales
What is your area of specialisation?
Insurance
Location
Mumbai
Job Type
Permanent
Job Reference
JN-102026-7116633

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.