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Senior Associate Director, Lead Bancassurance & non‑life products in Mumbai, driving strategy, business, risk, and regulatory compliance.
Shape insurer partnerships, launch products, guide training, and ensure robust governance within Standard Chartered Bank.
Job Information
Title: Associate Director-Life & Non Life Banca Products
Location: Mumbai, IND
Global Grade: Band 6
Work Type: Office Working
Employment Type: Permanent
Posting Start Date: 18/07/2026
Posting End Date: 01/08/2026
Job Description
Key Responsibilities
Strategy
Drive Bancassurance in Assets channel including mortgages, LAP, BB BIL, BB LAP, Credit cards and Personal loans
Drive non-life insurance business in Branch banking channel
Undertake competition analysis to ensure Bank is offering best in class products
Good understanding of the insurance industry landscape including sales channels, processes and products which are being used in the industry
Branch/Channel, RM wise business tracking. Publish data and coordinate with ZH/CHs to see reason behind top laggards.
Launching product trainings to drive activation and productivity
Ensure timely circulation of relevant MISs and data feeds between internal stakeholders to ensure proper tracking of business volumes
Developing simple processes to ensure there is acceptance for insurance as a product. Also address bottlenecks being faced by the sales team on a process front
Ensure timely and thorough execution of business planning files and budget files for internal sales channels
Business
To work closely with internal stakeholders on approving Insurance providers and products
Undertake periodic reviews for these insurers and products
Undertake launch of products across channels.
Overseeing release of Daily, Weekly & Monthly business MIS.
To track & measure effectiveness of Marketing Campaigns
Track business across geographies, products, channels to ensure superior understanding of the business
Processes
To monitor and evaluate operations/processes for quality and effectiveness
Work with Insurers and internal operations units to ensure execution is aligned to laid down process notes
People & Talent
Organise and help develop product as well as sales skills trainings
Drive mindshare amongst teams by organizing training events and recognition events, as applicable
Ensure regulatory and internal certification process is aligned to regulatory and internal requirements
Risk Management
Highlight issues and document in respective forums or with relevant stakeholders
Make recommendations for improvement and coordinate with relevant stakeholders for closure
Work with internal IT and Technology teams to ensure accurate collation and display of Bank’s insurance portfolio in relevant dashboard, internal Bank systems including client screens
Be proactive to highlight concerns, undertake Root Cause Analysis and present in relevant risk forums in order to create adequate management awareness around issues while working towards a robust resolution process
Governance
Good understanding of basic IRDAI and RBI regulatory guidelines around Corporate Agency business
Ensure timely implementation of regulations within SCB
Continuous monitoring to check for any gaps in understanding or data collation or data submission or process framework
Incumbent is expected to have a clear understanding of Bank’s internal policy and processes around Bancassurance business
Regulatory & Business Conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.
Lead the Banca team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
Manage IRDAI/RBI related responsibilities and upload Bank’s requirements as laid out in IRDAI Guidelines.
Key stakeholders
Business teams like Assets sales teams
WM Governance teams including but not limited to:
Legal
Compliance
Operational Risk
Business Risk
Operations team
WM COO
SCB Group team
Insurance partners
Skills and Experience
Bancassurance/Insurance landscape and regulatory requirements
About Standard Chartered
We’re an international bank, nimble enough to act, big enough for impact. For more than 170 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can’t wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion.
Together we:
Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.
Apply Now
Apply now
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