Compliance Manager

Position Summary

The Compliance Manager is responsible for overseeing the regulatory, risk and compliance professionals and driving the development and oversight of regulatory, risk and compliance strategies. The role conducts regular risk assessments and audits, collaborates with legal and business teams to interpret, and apply regulatory requirements and ensures alignment with company policies. They monitor emerging regulatory trends, provide strategic recommendations, and collaborate with cross-functional teams to address compliance-related issues proactively. Assist in building out and operating an international focused Q&A model.

Location:

Mumbai - India

What will your job entail?

Responsibilities

• 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.
• Oversees 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.
  
  

Skills

• Knowledgeable of all applicable regulations and guidance which apply to the business group(s) supported.
• Keen analytical skills and ability to proactively identify regulatory risk.
• Ability to foster and maintain strong positive relationships with senior management and industry contacts to ensure up-to-date knowledge of product, regulatory, technological and other developments.
  
  

Experience

• Experience in a regulatory, risk, compliance or related role with relevant international experience.
• Experience of working in Insurance.
• Experience of managing a team of professionals.
  
  

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

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