Manager - Internal Audit/Risk & Control - Insurance

We have an urgent requirement for Manager Risk & Control for a Insurance client based in Bangalore.

Role details are given below:

- Support in developing the risk management mechanisms, to identify, assess, monitor, measure and control a broad spectrum of risks.

- Help in drafting key risks and controls for all key functions of the company.

- Support in functioning of Risk Management Committees I.e. Outsourcing Committee, Fraud Management Committee, and Risk & Asset Liability Management Committee

- Help in conducting Risk Reviews as per management request.

- Compile data / information for the risk management committees. Help in preparing minutes and notes of all risk meetings.

- Maintain and manage Risk Register at Org level and continuous updation.

- Documenting and preparing process notes / flow chart / diagram.

- Keeping a stock of pendencies and doing necessary follow ups

- Provide timely and accurate information to the external and internal auditors and the compliance function as and when required

- Identify and develop Fraud Risk triggers through data analytics, Red Flag analysis etc.

- Suggest mitigating strategies to function.

- Support in handling fraud cases reported to company, getting investigations done with the help from function / external Consultant, periodic follow up, tracking of action items and update on the frauds to the management periodically)

- Other incidental work relating to risk and Fraud function

Requirements:

- 5-8 years experience with strong interpersonal and communication skills.

- Worked in the risk management / fraud function of an insurance company or a bank (Preferable) and/or CA / MBA / Certified Risk / Fraud officer in insurance or financial risk management and/or a smart insurance professional who is interested in working in the risk and Fraud management role.

- Understanding of concepts related to Risk, Fraud, audit including controls, processes, flowcharts, SOPs, etc.

- Should be very good in MS Office (Word and Excel)

- Should have knowledge in drafting process flow, diagram.

- Ability to interact with process owners and sharp in grasping the running communication