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27/06 Shankar Nalawade
Sourcing Lead - Talent Acquisition at Bajaj Allianz General Insurance Co. Ltd.

Views:731 Applications:159 Rec. Actions:Recruiter Actions:21

Bajaj Allianz - Deputy Manager - Risk Management (4-5 yrs)

Pune Job Code: 1280082

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

Women-friendly workplace:

Maternity and Paternity Benefits

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