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16/05 Shruti Gandhi
Manager at Naukri.com

Views:789 Applications:156 Rec. Actions:Recruiter Actions:5

Assistant Vice President - Operational Risk - Insurance (12-16 yrs)

Mumbai Job Code: 822515

KEY ACCOUNTABILITIES:

(Duties include, but may not be limited to these) END RESULTS KEY ACTIVITIES

- Governance, Policies, Procedures, Program Management, Training 


- 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 & Backtesting, Defining the Key risk Indicators 


 - 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 


- 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 & EXPERIENCE: CA/CS/ MBA 12-16 years of similar experience is required

TARGET INDUSTRY/COMPANIES Preferably from General Insurance industry

Women-friendly workplace:

Maternity and Paternity Benefits

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