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Senior Manager - Operational Risk

From 4 to 8 year(s) of experience

Gurugram

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Openings: 1Posted: 15 days ago

Job Applicants: 275

Job Views: 1208

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Job Description

Job Summary:

The primary responsibility of this role is to support the implementation of operational risk policies and processes, contributing to a robust operational risk management framework that ensures strong organizational resilience. The role serves as a second line of defense, providing independent and effective assurance over operational risk controls to safeguard the organization's assets, reputation, and long-term sustainability. It also includes leading the development and execution of business continuity and resiliency strategies to enhance the organization's ability to withstand and recover from crisessuch as cyber threats, operational incidents, and other disruptionsacross processes and technologies. In addition, projects pertaining to managing operational risk such as third-party risk management, reputational risk, data privacy may be assigned from time to time as per business requirement. The individual in this role should be self-driven, collaborative team player with a strong learning mindset, equipped with knowledge of life insurance processes and business continuity standards, and a passion for promoting resilience across the enterprise.

Role & Responsibilities:

Support design and communication of risk policies and procedures across business

Conduct RCSA and control testing for relevant departments

Support on delivering on-going program of Thematic Reviews of processes and business areas

Support the function on tracking and evaluating root cause, as well as overseeing remedial action for Operational Risk Events & Issues

Monitoring of ongoing Key Risk Indicators, actions recorded on Risk Events and Issues

Co-ordinate & lead the annual Business Impact Analysis (BIA) & Risk Assessment Programs enterprise-wide

Plans and coordinates exercises to test business continuity plans, incident management, emergency notification process, and develop schedules for training/awareness

Promoting Risk culture to enhance self-disclosures on incidents and deeper integration with

Fulfilment teams

Preferred Candidate Profile:

• MBA or Equivalent Degree with 5+ years experience
• Detailed knowledge of Operational Processes in Life Insurance Industry
• Prefer candidates who have working knowledge of Business Continuity
• Prior experience in Operational Risk Management and Mitigation or in Business Strategy with focus in operations processes is desirable

Industry: Insurance

Department: Risk Management & Compliance

Role Category: Risk Management & Compliance - Other

Role: Risk Management & Compliance - Other

Employment Type: Full Time, Permanent