Chief Risk Officer

This role is for one of the Weekday's clients

Min Experience: 8 years

Location: Bangalore

JobType: full-time

We are seeking an experienced and forward-thinking Chief Risk Officer (CRO) to lead the risk management function for an insurance business. This strategic role is responsible for designing, implementing, and sustaining a robust Operational Risk Management (ORM) framework that aligns with broader enterprise risk standards. The ideal candidate will play a key role in identifying and mitigating emerging risks, especially those related to processes, systems, and technology.

Requirements

Key Responsibilities:

• Develop and operationalize a comprehensive risk management framework with a strong emphasis on Operational Risk Management (ORM) specific to the insurance domain.
• Identify and maintain a live, prioritized risk register highlighting top risks impacting performance, compliance, and operations, and lead the formulation of effective risk mitigation strategies.
• Establish and manage proactive risk monitoring systems, including early warning indicators (EWIs), automated alerts, and escalation protocols to uphold risk boundaries.
• Continuously evaluate and improve controls around technology infrastructure and operations, ensuring security, compliance, and efficiency.
• Collaborate with business unit heads and functional leaders to embed risk awareness and foster a culture of internal control throughout the organization.
• Align the insurance risk management framework with enterprise-wide policies in coordination with the Group Chief Risk Officer.
• Oversee the end-to-end risk incident lifecyclefrom reporting and root cause analysis to remediation and preventive learning mechanisms.
• Organize and lead periodic risk committee meetings, presenting actionable insights and key risk updates to senior leadership including the CEO.
• Conduct risk assessments for new initiatives, products, processes, and market expansions to support risk-informed decision-making from the outset.

Preferred Skills & Attributes:

• Deep understanding of operational risk principles, particularly within insurance or financial services.
• Proven ability to develop and embed risk frameworks, controls, and monitoring systems.
• Strong analytical mindset with the ability to identify and prioritize critical risks.
• Excellent stakeholder management and communication skills.
• Experience working in cross-functional environments and aligning risk practices across business units.