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Position Title |
Assistant Manager – Risk Management |
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Role |
Risk Management – Process Risk and Governance |
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Reporting To |
Associate Vice President – Risk Management |
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Key Responsibilities |
1. Conduct Risk Assessments of various processes 1.1 Conduct Process Risk assessment/Process reviews to give an assurance that process is working as expected. 1.2 Identify gaps and provide recommendations for addressing the same 1.3 Reporting of observations along with actionable to senior management 1.4 Ensure timely closure of Open Actionables in coordination with concerned function / risk owner
2. Risk and Control Self-Assessment process 2.1 Review RCSA document and update the same to keep it current 2.2 Conduct control testing and assist the process owners in the same 2.3 Ensure that control testing is appropriately followed by process owners 2.4 Document issues identified during control testing and follow-up for closure 2.5 Ensure timely reporting of issues identified and action taken to address the same 2.6 Preparation of necessary reports to highlight trends at function and company level
3. Review & Monitoring of Functional Key Risk Indicators (FKRI) 3.1 Review of Functional Key Risk Indicators 3.2 Collate the functional inputs, analyze, monitor and report functional KRIs vis-a-vis the approved benchmarks. 3.3 Review threshold breaches, obtain justification / action plans for threshold breaches and follow-up for closure of the same. 3.4 Preparation of analysis and presentation for RMC E and RMC B
4. Implementation of ISO 31000:2018 Risk Management 4.1 Ensuring adherence as required by ISO 31000:2018 4.2 Timely review and monitoring of documentation as required by ISO 31000:2018 4.3 Handling the audit of ISO 31000:2018
5. Other Risk Related Activities 5.1 Create Risk awareness and Training for Risk Officers and all functions. 5.2 Assist in creating documentation /presentations for award nomination 5.3 Assist in adhoc analysis as required by the management from time to time. 5.4 Communicate and Collaboration with all functions for effective risk management |
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Critical Competencies |
· Chartered Accountant with 1 to 2 years of experience preferable · Graduate / Postgraduate with 5 to 7 years of experience or MBAs from reputed institutes with 1 to 2 years of experience. · Experience in risk reviews / process audits/Internal audit would be preferred, Life Insurance domain experience preferred · Certifications like CFE / ARM / Fellow / Licentiate / Associate from III or any other risk related certification would be desirable · Lead Implementer / Internal Auditor for ISO Standards like ISO 9001, 31000, 22301, 27001 would be added advantage
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Key Interactions
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· All departments – including but not limited to Operations, Channel Admin, HR, Planning & Budgetary, CFIC, Audit, Brand & Corp Communication, Compliance, IT · Risk Officers · Head of Departments · Process Owners |
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Measures of success |
· Conduct Risk Assessments · Count of RCSAs review and Control testing and timely closure and reporting · Timely collation and review of data for Functional Key Risk Indicators and timely reporting. · Count of process reviews conducted, and gaps addressed · Handling ISO audit preparation to have no non-conformities during the audit · Preventive action plans resulting in cost savings/ avoidance of loss |
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Location |
Corporate Office – Mumbai |
Source: SBI Life Insurance careers — Read the original posting and apply
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