Pratik Sawant

• Managing the Regulatory relations, ensuring that the continuous improvement in control design is implemented as per Regulatory standards.
• Monitoring regulatory developments in acts, regulations, & standards, conducting impact analysis & advising teams on Regulatory matters.
• Conducting internal reviews, checks & advising teams on process improvement.
• Closely working with Risk management, internal audit & legal team, both regional & global, to identify key control issues and ensure adequate control are put in place to mitigate risks.
• Enhanced regulatory compliance by developing and implementing comprehensive compliance framework.
• Identify gaps & advising staff & management to mitigate the gaps.
• Preparing & updating policies & guidelines, internal process documents. Providing training to staff.
• Networking with the Regulator & industry peers. Instrumental in providing suggestions on the Regulatory framework.
• Improved cross-functional collaboration with key stakeholders, fostering a culture of compliance throughout the organization.
• Experience in Re/insurance laws & Regulatory matters within APAC region.
• Financial crime - advising business teams on global financial sanction regime. Ensuring business is underwritten in compliance with the same.
• Leading Company Secretarial role. Currently a member of Executive Committee of the entity as Key Managerial Person (KMP). Advising Executive Committee on Regulatory matters.
• Extensively worked on compliances related to IT & cyber security, data protection, underwriting, claims, investments etc.
• Coordinating with external auditors, monitoring audit observations & implementing the action plan.
• Giving legal opinions with respect to the data protection, outsourcing, Confidentiality, NDAs & other Compliance & legal topics.
• Regulatory Inspection - Successfully handled 2 Regulatory Inspections of Indian Regulator, the IRDAI & obtained regulatory appreciation in terms of Compliance behavior.

• Similar to current profile (please refer above).
• Interaction with Regulator - Instrumental in drafting comments on the regulatory exposure drafts viz, Ease of Doing Business, & representation with respect to industry issues.

• Regulatory developments / analysis / implementation.
• Periodic reporting Life insurance product review and compliance advisory.
• Coordinating internal compliance reviews & checks & gap analysis, namely new Corporate Governance Guidelines for Insurance Companies.
• Assisted in AML & CFT monitoring & compliances.
• Assisting in Company Secretarial function.
• Handled 1st Regulatory inspection for the Branch.

Responsible for assisting in;

• Corporate Secretarial functions.
• Compliance & surveillance functions, namely, Insider Trading Policy Prevention of Money Laundering Act (PMLA), SEBI Portfolio Management & Merchant Banking.
• Legal assistance