Assistant Manager Risk Management

Bajaj Allianz General Insurance Company Limited

3 - 7 years

7 - 11 Lacs

pune

Posted:2 days ago| Platform:

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Skills Required

risk management analytical iso credit risk risk evaluation var internal control investment banking actuarial operational risk auditing control regulatory reporting internal audit compliance market risk financial reporting risk reporting risk external audit finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

Audit and compliances

Interact and liaison with internal and external auditors and ensure closure of audit points within TAT
Render assistance in terms of data support for ISO Audit certification
Adherence to the risk policy while conducting annual Risk reviews with the department spocs/risk owner
Identify risk of non compliance and highlight to the RMC
Mitigate and collaborate with risk owners and ensure control mechanisms are in place
Review SOPs in case of deviations highlighted audit observations

Risk management

Risk assessment-Identify and categorize the type of risk (high, medium or low), analyze, assess and estimate the risks affecting business
Risk evaluation- Compare estimated risks with criteria established by the organization such as costs, legal requirements and environmental factors and evaluating previous handling of risks
Risk reporting in an appropriate way for different audiences, for example- to the Risk Management Committee/ Executive Risk Management Committee for them to have an understanding of most significant risks, to the business heads to ensure they are aware
Prepare the Risk management strategy and present to the Board for final approval
maintain Risk Register documenting specific framework for specific risks mapped to RCM so that a financial value can be assigned

Control and testing assessment

Define key risk indicators-channel wise and identify major control factors for each (system control, manual control, supervisory control, compensatory control)
Perform a Cost benefits analysis- to understand if we need to transfer/ share risk

Conducting trainings and Reviews of risk champions

Providing support, education and training to the staff to build awareness within the organization

Roles and Responsibilities

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