Insurance Risk Specialist

Tata Consultancy Services; Chennai District, Bengaluru, Mumbai; On-site; INR 3,000,000 - 5,500,000; Full time

Job summary

Tata Consultancy Services is seeking a Senior Insurance Risk professional to lead the CRO Strategic Initiative and drive risk management programs for insurance clients. The role involves building offerings, conducting thought leadership, and contributing to RFI/RFP responses across global markets.

Ideal candidates will have deep experience in risk management, Solvency II, ORSA, regulatory compliance, and P&C reinsurance risk, with strong analytics and leadership capabilities.

Qualifications

• Experience in risk management and Solvency guidelines , ORSA reporting, Assessments of counterparties credit worthiness
• 12 to 15 years of relevant experience
• Knowledge of the insurance sector, including a strong understanding of a relevant area of compliance, structuring or regulation;
• Knowledge and understanding of risks and controls along the P&C reinsurance value chain
• Worked with insurers in Global markets
• Understanding of Cat Modelling and Stress Testing

Responsibilities

• Carry targets in terms of revenue influenced through opportunity creation and convertion
• Create/Build offerings and solutions for Insurance Risk domain
• Conduct Thought Leadership sessions for existing and prospective Clients to showcase Industry trends
• Create point of views that can be shared with internally and externally
• Contribute towards RFI/RFP responses related to the portfolio

Skills

Risk management

Solvency II

ORSA reporting

Credit risk assessments

Regulatory compliance

Risk analytics

Data analytics

Tools

SAS

Tableau

Job description

Role & responsibilities

Lead the Insurance Risk Portfolio for CRO Strategic Initiative

As a Lead, the following are responsibilities/expectation for the role:

• Carry targets in terms of revenue influenced through opportunity creation and convertion
• Create/Build offerings and solutions for Insurance Risk domain
• Conduct Thought Leadership sessions for existing and prospective Clients to showcase Industry trends
• Create point of views that can be shared with internally and externally
• Contribute towards RFI/RFP responses related to the portfolio

Pre-requisites

• Experience in risk management and Solvency guidelines , ORSA reporting, Assessments of counterparties credit worthiness
• 12 to 15 years of relevant experience
• Knowledge of the insurance sector, including a strong understanding of a relevant area of compliance, structuring or regulation;
• Knowledge and understanding of risks and controls along the P&C reinsurance value chain
• Worked with insurers in Global markets
• Understanding of Cat Modelling and Stress Testing

Key word

• Insurance Risk Specialist
• Risk and Compliance Lead
• Insurance Technology Implementation
• Insurance Enterprise Risk Management
• Regulatory Compliance (Insurance)
• Risk Management Technology
• GRC (Governance, Risk, Compliance) Implementation
• Insurance Operations Transformation
• Risk Analytics in Insurance

Seniority and Experience Level

• Senior Risk Manager (Insurance)
• Risk & Compliance Director
• Head of Risk Management Technology
• Insurance Transformation Leader
• Experienced Insurance Risk Professional (12+ years)

Technical Implementation & Solution Focus

• Risk Framework Implementation (Solvency II, COSO, ISO 31000)
• Regulatory Technology (RegTech) for Insurance
• Insurance Policy Administration Systems
• Insurance Claims Technology Projects
• Data Analytics/AI in Insurance Risk
• Risk Modeling Tools (e.g., SAS, Tableau)
• Compliance Automation in Insurance