KEY ACCOUNTABILITIES: (Duties include, but may not be limited to these) END RESULTS KEY ACTIVITIES - Governance, Policies, Procedures, Program Management, Training&nbsp; - Establish the minimum requirements of the governance, policies and procedures for the Operational Risk Management framework based on TATA AIG Enterprise Risk Management policies and industry best practices - Establish the Training program for the risk coordinators on all policies and procedures related to operational risk - Assurance testing &amp; Backtesting, Defining the Key risk Indicators&nbsp; &nbsp;- Review of the risk register with the new risks identified - Monitor the control effectiveness for the risks identified - Quantification of Risks - Maintaining the Internal controls in Financial Reporting is adequately implemented. - Monitoring the progress of the corrective actions proposed to be taken for different risks - Coordinating with the functions to analyze the progress of the corrective actions - Publishing the Risk vs Control dashboard - Incident management and Loss Data Collection, Control Assessment&nbsp; - Managing Operational Risk and Controls for the Business processes. - Monitor the corrective and preventive actions for the incidents - Periodic discussion with the functions to understand the loss that has occurred. - Vendor control assessment to be completed as part of the Outsourcing Policy requirement - Control assessment needs to be completed for the functions as per management's direction - Any control failure needs to be reported and to be mapped to risk register - Project Risk Assessment conducted so that identified risks are adequately addressed though effective control implementation COMPETENCIES KNOWLEDGE/SKILLS ABILITIES/ATTRIBUTES: - Good communication skills in both verbal and written - Good knowledge on the Risk Management Concepts - Hands-on experience on control assessment and root cause analysis - Hands-on experience in internal audit/ review - Timely deliverables of reports - Ability to maintain and build on existing stakeholder management - Ability to drive the risk management culture in the organization - Ability to speak to prospects in both a business and general risk management language - Ability to analyze and understand business requirements and deliver the same - Willingness to travel QUALIFICATIONS &amp; EXPERIENCE: CA/CS/ MBA 12-16 years of similar experience is required TARGET INDUSTRY/COMPANIES Preferably from General Insurance industry

Mumbai

Assistant Vice President - Operational Risk - Insurance 

Assistant Vice President - Operational Risk - Insurance  ,Job Description for Assistant Vice President - Operational Risk - Insurance  in Naukri.com in  Mumbai for (12-16) years of experience. Apply Now!

Job Description for Assistant Vice President - Operational Risk - Insurance  in Naukri.com in  Mumbai for (12-16) years of experience. Apply Now!