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24/02 Kavita Adlakha
Global Talent Search Partner at XL Recruiters

Views:655 Applications:150 Rec. Actions:Recruiter Actions:17

Senior Manager - Risk & Compliance - Insurance (5-12 yrs)

Mumbai Job Code: 895940

This role is focused on strategically driving various initiatives in Risk Management and Compliance function including identification, monitoring & reporting of all activities pertaining to risk (process, operational & strategic) and executing Compliance Monitoring plans & closure as per the timelines. The role also manages awareness, communication on risk, training needs on risk management for functional SPOCs and branches.

Regulatory Compliance

- Keep up to date with regulatory changes in a proactive manner, and review internal compliance requirements periodically to ensure alignment with changes

- Liaise with key regulatory stakeholders to drive alignment of organization approaches with the regulatory framework, and maintain strategic relationships with regulatory bodies

- Implementation of Compliance monitoring program covering compliance focus reviews, self-assessments & key compliance indicators across key functional areas for all line of business General and Reinsurance

- Evaluate various business models and advise stakeholders considering compliance and operational risk

- Oversee monitoring various compliance activities including regulatory reporting as well as quality of data which is submitted to regulator

Risk Management

- Prepare annual risk management plan by strategically focusing on key elements of Regulations, process changes and technology changes

- Execute risk monitoring plan focusing on functional reviews, key risk indicator testing and thematic reviews

- Preparing dashboard for Senior Management and CEO giving integrated update on Risk and Compliance.

- Schedule and conduct training programs for function SPOCs as well as branches on risk management

- Prepare and send out communications (eg. mailers, webinars, etc.) to create awareness on risk management and mitigation

- Review the policies periodically to ensure alignment with changes in business and regulations

- Provide advisory support to functions around operational risks and risks associated with their business model and measures to mitigate the same

Process Reviews

- Review new and modified process with respect to change in business model / environment

- Identifying, reporting and monitoring the new and emerging risk pertain to different business processes and systems.

- Suggesting, advising and implementation of the best practices and the systems to mitigate the risk in the process.

- Tracking and implementing the points pertains to regulatory risk & process .

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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