Manager - Operational Risk - Insurance

OBJECTIVE OF THE ROLE : To implement and enforce an appropriate framework for identification, assessment, measurement, monitoring and reporting of operational risks

KEY RESPONSIBILITIES:

- To ensure that a sound Risk Management Framework is established and promulgated in the Company including competition benchmarking

- Working in collaboration with functional units in ensuring key risks are identified, assessed, measured, monitored and reported Review of Risk & Control Self-Assessment Framework (RCSA) across organization, report the issues identified, track the action plan to ensure mitigation within timelines agreed

- Control Testing / Thematic Review using an audit based methodology, to assess the effectiveness of the process design and the control environment Incident Reporting along with Root Cause Analysis and closure for incidents reported

- Operational risk event loss capturing, analysis and reporting Prepare and present Heat map for risk areas and operational risk dashboards to senior management Deliver Ad-Hoc Risk management projects as per defined timelines Ensure timely reporting to Risk Management Committee and preparation of RMC deck

- Monthly Governance with all stakeholders on Open risk points and action plan To eliminate / minimise data leakage by deployment of relevant security tools

- Overall responsible for Business Continuity Management (BCM) design and implementation across the organisation Conduct training programs with relevant stakeholders on various Risk Management processes Contribute towards creating Risk Awareness and Risk Management culture in the organization INTERACTIONS Internal Relations: Interacting with multiple internal stakeholders in the Company External Relations: Internal Auditors and vendors

REQUIRED QUALIFICATION AND SKILLS:

Educational Qualifications: Post Graduate/ Graduate with IRM (Level 2 certified or above only)

Work Experience:

Candidate with minimum 3 years of experience preferably in Life Insurance or BFSI sector. Certifications: Qualified CA

Other skill set:

- Base skill understanding of Life Insurance Systems, Process and Product

- Candidate with experience in developing or using Data Analytic tools and techniques SQL database, VBA and advanced MS-Excel skills to manipulate data, write macro's, etc.

- Knowledge of Investment (Front, Mid & Back office) systems and controls would be an added advantage

- Highly motivated individual with multi-tasking abilities & ability to handle pressure Excellent communication skills - verbal & written

- Strong Interpersonal Skills, freely develops networks Build consensus, prioritise effectively & develops alliances across organisation