Tata AIA Life Insurance
Website:
tataaia.com
Job details:
Role Description
Position Title
Manager – Compliance
Department
Compliance
Level/Band
Manager / 401
Location
Mumbai
Reports to
Deputy Vice President - Compliance
Role Summary
The role is responsible for providing comprehensive legal, regulatory, and advisory support across product management, IFSC operations, business initiatives, and internal reporting. The incumbent ensures regulatory compliance, product governance, and alignment with applicable laws, regulatory frameworks, and internal policies while supporting business growth and innovation.
- Organizational Relationships
Reports To
Deputy Vice President - Compliance
Supervises
NA
Job Dimensions
Geographic Area Covered
Head Office- Complete Geography
Stakeholders Internal
Products, Operations, Marketing, Distribution, Strategy, etc.
Stakeholders External
Regulatory Authorities- IRDAI, IFSC, etc.
Products
- Vet Product Management Committee (PMC) documentation for new product launches and modifications.
- Draft, review, and ensure regulatory and legal accuracy of policy documents.
- Manage end‑to‑end legal support for new product launches and product modifications.
- Establish and maintain consistency mechanisms across PMC approvals, policy wordings, and regulatory filings.
- Provide ongoing advisory support to product and business teams.
IFSC (International Financial Services Centre)
- Manage licensing and renewals with IFSCA and SEZ authorities.
- Handle regulatory representations, correspondence, and supervisory interactions.
- Support regulatory implementation, compliance monitoring, and periodic reporting.
- Collaborate with stakeholders on IFSC business models and internal processes.
- Liaise with external legal counsel for regulatory opinions and advisory support.
Advisory
- Evaluate innovative product propositions, including wellness offerings, health management services, and value‑added services.
- Assess new and evolving IFSC business models under applicable regulatory frameworks.
- Provide operations advisory for Individual and Group business lines.
- Interpret regulations, evaluate industry practices, and conduct extensive legal research.
Internal & External Reporting
- Prepare management‑level reports on legal, regulatory, and product matters.
- Coordinate and support AIA group reporting requirements.
- Collaborate with multiple internal stakeholders to ensure timely and accurate reporting
- Skills Required
- Strong interpretational and analytical skills for regulatory and legal frameworks.
- Ability to conduct extensive legal and regulatory research.
- Effective people management, time management, and prioritization abilities.
- Strong written and verbal communication skills.
- Problem‑solving attitude with attention to detail and business practicality.
- Technical & Digital Skills:
- Enable automation to improve efficiency and reduce manual intervention and Support rollout of digital and AI-enabled products
- Collaborate with business & tech teams to embed compliance in digital innovations
- Evaluate and mitigate risks in AI, data usage, and emerging technologies
- Promote process digitization and simplification across compliance and product workflows
- Incumbent Characteristics
Essential
Desired
Qualification
Bachelor of Laws
Master of Laws / Company Secretary
Experience
5-7 years relevant experience in Life insurance sector
5-7 years relevant experience in Life insurance sector
Disclaimer
Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. If the application aligns with our requirements, you may be contacted for further steps. Verify job offers through official Tata AIA communication channels to avoid fraud. The job description is the sole property of Tata AIA Life Insurance. The content of this JD is confidential, and unauthorized changes or reproduction are forbidden. To know more about Tata AIA Life, click on the weblink:
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