Bhaiya Sondawle, Cpcu, MBA, Arm, A Re, AI E
About Bhaiya Sondawle, Cpcu, MBA, Arm, A Re, AI E
Bhaiya Sondawle is a Risk Manager specializing in Enterprise Risk and Governance at TD Insurance, where he has worked since 2017. He has extensive experience in compliance and insurance, having held various managerial roles in both Canada and India.
Current Role at TD Insurance
Bhaiya Sondawle serves as the Risk Manager for Enterprise Risk and Governance at TD Insurance. He has held this position since 2017, contributing to the organization from the office located at 320 Front Street West, Toronto, ON M5V 3B6. In this role, he leads the governance process by designing and developing risk and control frameworks, ensuring they are regularly reviewed and updated. He also coordinates the annual Risk Appetite Refresh process, collaborating with various stakeholders to assess and adjust thresholds and limits.
Previous Experience at TD
Before his current role, Sondawle worked at TD in various capacities. He served as a Senior Compliance Officer in Regulatory Library Change Management from 2015 to 2017 and as a Senior Compliance Officer for Insurance Compliance from 2013 to 2015. His tenure at TD included responsibilities related to compliance and regulatory initiatives, particularly in the context of global compliance standards.
Experience in the Insurance Industry
Sondawle has over 10 years of managerial experience in the insurance sector, covering various functions such as underwriting, claims, marketing, reinsurance, and regulatory filing. He previously worked at The New India Assurance Co. Ltd. as a Branch Manager from 1997 to 2002 and as an Assistant Manager in the Marine Hull Department for six months in 2007. His extensive background in insurance equips him with a comprehensive understanding of industry practices.
Education and Professional Designations
Bhaiya Sondawle holds an MBA in Marketing and Personal from G. S. College of Commerce & Management Studies, Nagpur University. He also earned a B.Sc. in Mathematics from Nagpur University. Additionally, he holds the Accredited Insurance Examiner (AIE) designation from the Insurance Regulatory Examiners Society (IRES) in the United States, further enhancing his qualifications in the insurance field.
Regulatory and Compliance Expertise
Sondawle has experience in regulatory compliance, having previously served as an Ex-Regulator of Insurance with the Financial Sector Supervision Unit (FSSU) in Saint Lucia. His focus included business conduct, market conduct, and prudential compliance. He monitors OSFI E-13 Regulatory Change Management initiatives and has worked with the Thomson Reuters Regulatory Library platform, demonstrating his expertise in regulatory frameworks and compliance management.