AVP- Enterprise Risk Management

Vrinda Global; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Vrinda Global is seeking a seasoned professional for Risk Governance in Enterprise Risk Management to assess, measure, and monitor enterprise risks in insurance and financial domains from Mumbai. The role focuses on risk reporting dashboards for Board Risk Management Committee, ERM framework implementation, policy development, and regulatory coordination.

CA/MBA Finance with 8–12 years in insurance risk and internal audit is preferred.

Qualifications

• CA/MBA Finance with 8–12 years in general/life insurance, Internal audit, ERM.
• Knowledge of underwriting controls, operational controls, reinsurance, design and operating effectiveness testing, technical audit.
• FRM preferred; Associate/Fellow of Insurance Institute of India preferred.

Responsibilities

• Engage with business functions to seek responses to risk management matters and issues.
• Risk Management Reporting & Governance: Prepare dashboards for Board Risk Management Committee, Internal Committee on risk management, ERM Dashboard, FCR and related projects.
• Maintain risk registers for enterprise, operational and emerging risk; set limits, thresholds and quarterly reporting rhythm.
• ERM Framework Implementation: conduct assurance reviews and support ERM projects with best practices and benchmarking.
• Develop risk policies for Insurance Risks and deploy the Risk Management Framework to required teams; oversee policy adherence.
• Coordinate with functions to analyze progress of corrective actions; publish Risk vs Control dashboard; implement control testing framework.
• Coordinate with functions for regulatory requirements related to Risk Based Supervision Framework.

Skills

Internal audit

Analytical skill

Underwriting controls

Claims

Reinsurance

Advanced Excel

PPT

Education

CA/MBA Finance

Job description

Job profile:

To meet the requirements of the deliverables of Risk Governance for Enterprise Risk Management as per objectives. Responsible to assess, analyse, measure, and monitor the enterprise risks in areas of Insurance and Financial risk.

Responsibilities:

• 1. Engage and develop effective working relationships with business functions to seek responses to risk management matters and issues.


• 2. Risk Management Reporting & Governance -Ensuring timely preparation of Dashboards for Board Risk Management Committee, Internal Committee on risk management, ERM Dashboard, FCR and participating in the risk-based supervision framework projects.


• 3. Maintain the various risk register for enterprise, operational and emerging risk by working along with key operating members of the organization. Build the limits and thresholds for each risk and establish a quarterly rhythm for reporting.


• 4. ERM Framework Implementation- Conduct assurance review of identified areas by CRO, Internal Committee on risk management, Board Risk Management, Participate and support in ERM implementation projects with best practices and benchmarking with international standards.


• 5. Support development of risk policies for Insurance Risks and deploy the Risk Management Framework to required teams; Oversee & monitor adherence and compliance to risk policies, standards & procedures specifically for insurance and financial risks.


• 6. Coordinating with the functions to analyse the progress of the corrective actions. Publishing the Risk vs Control dashboard. Implement Control testing framework, Conduct periodic control testing.


• 7. Coordination with respective function for regulatory requirements related to Risk Based Supervision Framework

Qualification:

CA/MBA Finance with 8-12 years of experience in general/life insurance industry, Internal audit, Enterprise risk management, knowledge of Underwriting controls, Operational Controls, Reinsurance, design and operating effectiveness testing, technical audit.

Certifications:

• Preference for FRM/Cleared few Actuarial papers, Associate of Insurance Institute of India -Mandatory, Fellow of Insurance Institute of India.

Skill Required:

• 1. Internal audit


• 2. Analytical skill


• 3. Good knowledge of underwriting, claims, reinsurance, operation


• 4. Good Communication skill


• 5. Advance Excel


• 6. PPT