Rachit Jain
Delhi
Summary
Strategic Compliance Professional with extensive experience in regulatory governance, risk mitigation, and corporate legal affairs within the insurance sector. Expert in managing the end-to-end lifecycle of IRDAI compliance, from interpreting complex legislative updates to implementing Standard Operating Procedures (SOPs), and oversight of multi-tier regulatory reporting. Proven track record as a primary liaison for governing authorities, handling technical data audits, insider trading monitoring, and 100% accuracy in digital filings on the Business Analytics Project portal. Background includes deep expertise in civil litigation, Section 138 (NI Act), and consumer dispute resolution, providing a holistic approach to safeguarding organizational integrity. Seeking to leverage advanced analytical skills and regulatory mastery to drive compliance excellence as a Senior Compliance Analyst.
Overview
5
5
years of professional experience
Work History
Compliance Executive
Aviva Life Insurance Company India LTD.
Gurugram
06.2024 - Current
- Execute end-to-end implementation of IRDAI regulations by synthesizing complex guidelines into actionable organizational summaries, and mitigation strategies.
- Monitor regulatory updates by conducting daily audits of governing authority portals to ensure continuous institutional compliance.
- Manage multi-tier regulatory reporting, overseeing the preparation and submission of data on weekly, monthly, and annual cycles.
- Enforce insider trading protocols by conducting quarterly code-of-conduct audits, including the analysis of access-person declarations and the remediation of noncompliance.
- Act as a primary liaison for the regulatory authority, managing technical data requests, addressing organizational queries, and facilitating formal correspondence.
- Develop Standard Operating Procedures (SOPs) to streamline communication workflows with compliance authorities, and improve internal reporting efficiency.
- Oversee Digital Signature filings on the IRDAI Business Analytics Project portal, ensuring 100% accuracy and timeliness for all organizational returns.
- Responsible for reviewing and approving all advertising assets and banners to ensure strict adherence to industry guidelines. This includes auditing retention team content across web, SMS, and IVR platforms to maintain full regulatory compliance prior to distribution.
Law Intern
AVIVA LIFE INSURNACE COMPANY INDIA LTD.
Gurugram
01.2024 - 04.2024
- Analyzed insurance mis-selling cases and drafted formal legal replies, ensuring all necessary annexures were accurately filed.
- Conducted comprehensive research on IRDAI regulations to ensure corporate compliance with evolving industry standards.
- Monitored and recorded regulatory violations by industry competitors to assist in internal compliance auditing.
- Drafted critical legal instruments, including Show Cause Notices (SCNs), affidavits, and Non-Disclosure Agreements (NDAs).
- Developed a comparative summary of legacy vs. Current IRDAI regulations regarding actuaries, investments, and advertising guidelines.
- Maintained an exhaustive 15-year historical database of life insurance regulations using Excel to facilitate timely institutional compliance.
Law Intern
SJ LAW CHAMBERS
New Delhi
05.2023 - 06.2023
- Drafted formal legal pleadings, including complaints, petitions, and replies to notices, ensuring technical accuracy and compliance with procedural norms.
- Managed litigation matters under Section 138 of the Negotiable Instruments Act, representing the firm's interests during District Court proceedings regarding check dishonor cases.
- Advised on consumer dispute resolution under the Consumer Protection Act, 2013, focusing on cases involving corporate fraud, and seeking restitution for aggrieved consumers.
- Represented clients before the National Consumer Disputes Redressal Commission (NCDRC) in appellate matters concerning financial discrepancies and mental harassment.
Law Intern
SJ LAW CHAMBERS
New Delhi
05.2022 - 07.2022
- Drafted comprehensive case summaries by observing and analyzing depositions and courtroom proceedings to assist senior counsel.
- Established a structured filing system for legal documentation, significantly enhancing organizational efficiency and document accessibility.
- Assisted in debt recovery litigation before the Debt Recovery Tribunals (DRT) in Jaipur and Nainital, gaining practical exposure to recovery procedures.
- Facilitated bail procedures by managing the processing of bail orders, and coordinating the submission of surety for individuals in custody.
- Executed legal due diligence and investigative research to identify potential liabilities, and mitigate legal risks for clients.
Law Intern
THE GUILD
New Delhi
06.2021 - 07.2021
- Performed comprehensive legal research on the Code of Civil Procedure, 1908, specifically analyzing the bar on fresh suits following a decree against a plaintiff by default.
- Conducted a detailed investigation and analysis of the landmark judgment, ITC Limited vs. Blue Coast Hotels Ltd. and Ors.
- Evaluated the procedural operations and regulatory framework of the Debt Recovery Tribunal (DRT).
- Analyzed Letter of Credit and Bank Guarantee provisions in the context of Sections 73 and 74 of the Indian Contract Act 1872, focusing on compensation for breach of contract.
Education
B.COM LLB (H) -
Amity University (Amity Law School)
Noida 01-2024
Senior Secondary (XII) -
Venkateshwar Global School
Delhi 01-2019
Secondary (X) -
Venkateshwar Global School
Delhi 01-2017
Skills
1 Regulatory Compliance & Governance
- IRDAI Compliance Framework: Expertise in implementing and monitoring insurance-specific regulations and ensuring institutional adherence
- Business Analytics Project (BAP) Portal: Proficient in the timely and accurate filing of organizational returns via the official IRDAI portal
- Statutory Reporting: Experienced in managing multi-tier reporting cycles, including weekly, monthly, quarterly, and annual submissions
- Standard Operating Procedure (SOP) Development: Designing and implementing communication workflows for effective authority interaction
2 Risk Management & Internal Audit
- Insider Trading Oversight: Conducting quarterly Code of Conduct audits and analyzing declarations from access persons to identify discrepancies
- Risk Mitigation & Assessment: Proactively identifying, ascertaining, and mitigating organizational risks associated with regulatory implementation
- Regulatory Monitoring: Regularly auditing the insurance governing authority’s updates to ensure real-time compliance
3 Legal Liaison & Advocacy
- Primary Regulatory Liaison: Serving as the central point of contact for authorities, managing technical data requirements and formal inquiries
- Legal Drafting & Response: Preparing formal replies to consumer complaints (mis-selling) and drafting Show Cause Notices (SCNs) or NDAs
- Case Law Analysis: Conducting deep research on Indian jurisprudence, such as the Negotiable Instruments Act (Section 138) and Consumer Protection Act
4 Technical & Analytical Skills
- Data Analytics (MS Excel): Building historical regulatory databases (eg, 15-year life insurance repositories) for trend analysis and record-keeping
- Legal Research Platforms: Proficiency in navigating legal databases for research on the Code of Civil Procedure and Contract Law
- Audit Documentation: Managing comprehensive repositories for reporting data to ensure accessibility during regulatory queries
Accomplishments
- Certificate of participation in the International Maths Olympiad (IMO).
- Certificate for 1st place from the Mahatma Gandhi National Hindi Promotion Organization.
- Runner-up for the National Level Competition for Itihaas (Indian Tradition and Heritage Society) for three consecutive years.
- District-level champion in the Music Competition.
- District-level champion in Sports and Athletics.
- Certificate of merit from Udgaar for best Music at 'In Verse' Anveshan.
- Participation Certificate under the National Campaign on Energy Conservation.
Additional Information - Pursuing
Company Secretary (CS) - Executive Level (ICSI)
Timeline
Compliance Executive
Aviva Life Insurance Company India LTD.
06.2024 - Current
Law Intern
AVIVA LIFE INSURNACE COMPANY INDIA LTD.
01.2024 - 04.2024
Law Intern
SJ LAW CHAMBERS
05.2023 - 06.2023
Law Intern
SJ LAW CHAMBERS
05.2022 - 07.2022
Law Intern
THE GUILD
06.2021 - 07.2021
B.COM LLB (H) -
Amity University (Amity Law School)
Senior Secondary (XII) -
Venkateshwar Global School
Secondary (X) -
Venkateshwar Global School