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Sourcing Lead - Talent Acquisition at Bajaj Allianz General Insurance Co. Ltd.
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Bajaj Allianz - Deputy Manager - Risk Management (4-5 yrs)
Deputy Manager Risk Management
Audit and compliances:
- Interact and liaison with internal and external auditors and ensure closure of audit points within TAT
- Render assistance in terms of data support for ISO Audit certification
- Adherence to the risk policy while conducting annual Risk reviews with the department spocs/risk owner
- Identify risk of non compliance and highlight to the RMC
- Mitigate and collaborate with risk owners and ensure control mechanisms are in place
- Review SOPs in case of deviations highlighted audit observations
Risk management:
- Risk assessment-Identify and categorize the type of risk (high, medium or low), analyze, assess and estimate the risks affecting business
- Risk evaluation- Compare estimated risks with criteria established by the organization such as costs, legal requirements and environmental factors and evaluating previous handling of risks
- Risk reporting in an appropriate way for different audiences, for example- to the Risk Management Committee/ Executive Risk Management Committee for them to have an understanding of most significant risks, to the business heads to ensure they are aware
- Prepare the Risk management strategy and present to the Board for final approval
- maintain Risk Register documenting specific framework for specific risks mapped to RCM so that a financial value can be assigned
Control and testing assessment:
- Define key risk indicators-channel wise and identify major control factors for each (system control, manual control, supervisory control, compensatory control)
- Perform a Cost benefits analysis- to understand if we need to transfer/ share risk
Conducting trainings and Reviews of risk champions:
- Providing support, education and training to the staff to build awareness within the organization
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