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Job Title:
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Compliance Head
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Department:
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Compliance
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Reporting to:
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DVP - Risk & Compliance
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Grade:
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M2
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Designation:
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Assistant Vice President
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About ERGO Technologies and Services India
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ERGO Technology & Services India (ET&S India) is the newest part of the ERGO Technology & Services Management the main outsourcing provider of IT for ERGO worldwide. It is backed up by ERGO a 18 Billion Euro Organization with presence in 15+ countries has a charter to provide technology services to the ERGO countries in multiple countries.
ETS India will be fueling the Digital aspirations of ERGO world in years to come. With ambitious plan to build a large offshore development centers in multiple cities of the country ETS India shall be at the forefront in developing capabilities and providing career opportunities to employees in diverse technologies across domains of Insurance.
Role Description:
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Supervisor for IT Compliance Specialist and IT Compliance Generalist
Develops a coherent view on Compliance topics / Compliance risks within ET&S India.
Ensures proper knowledge level of compliance for employees by setting obligatory trainings
Develops reports to ensure outsourcing requirements (based on group standards and in close collaboration with group oversight)
Develops local compliance standards based on Group standards and local legal requirements
Build and manage local Compliance function
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Key Accountabilities & Responsibilities:
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Monitors all operational processes and procedures using the compliance management system to ensure that the company complies with all legal regulations, global and ethical standards
Responsible forensuring the company's policies and procedures comply with local regulatory, group and ethical standards.
Maintain and provide systematic proof of both adherence to internal policies and the external laws, guidelines, or regulations imposed upon the company.
Implementing the compliance policies in the organization which include code of conduct, sanctions, aml, fatca/crs to name a few.
Ensuring all departments work basis the compliance standards and any risks identified are mitigated with proper measures.
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Key Competencies & Skills required
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Technical:
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Relevant experience in the field of compliance in the insurance sector, the financial sector, or other companies
Several years of managerial experience in an IT company/insurance company
Knowledge of Anti Money Laundering and FATCA CRS requirements
Good knowledge of IT compliance activities
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Nice to have:
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Strong leadership and personnel management skills.
Analytical skills.
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Behavioral Skills:
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High degree of independence, motivation, initiative and willingness to work hard
Solution-oriented and pragmatic working style as well as analytical thinking
Very good communication skills, especially strong negotiation skills as well as the ability to deal with conflicts
Excellent organizational skills
Intercultural competence
Fluent in written and spoken English
Confident of handling of MS Office applications
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Soft Skills:
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Excellent interpersonal, communication, and organizational skills.
Team players
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Previous Experience & Qualifications
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Education/Qualification:
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University degree in economics or law or comparable qualification
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Knowledge & Experience:
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Must have 10+ years of experience demonstrating leadership and management experience in a similar role
Theoretical and practical knowledge of IT operations. Knowledge of insurance operations will be an added advantage.
Well versed in establishing and maintaining Governance frameworks
Experience of working within multi-location teams.
Experience in the application of local legal requirements
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