AVP - Risk & Control - Life Insurance

As AVP Risk, the incumbent will be:

- Part of the second line of defense Risk function that works closely with first line of defense teams within the business functions, more specifically in Finance, Investments and Actuarial, Products and Strategy functions

- Ensure that the risk management governance framework continues to remain updated and relevant as per the regulatory guidelines, requirements of the Board and local as well as international best practices

- To institutionalize risk appetite statement for the Company, monitoring and reporting compliance against the risk appetite statements covering all types of risks

- Assist Chief risk officer in oversight of enterprise wide risks including financial risk matters and contribute in internal committee forums setup to monitor these risks

- Able to drive risk control assessment at functional level and also able to coordinate testing of controls and providing assurance to the management over effective working of risk management framework

- Actively engage with business risk & control managers (BRCM) from Actuarial, Finance & Investments function and support process owners of these functional areas by providing advice, relevant support on risk matters including areas of financial risk like market, credit and liquidity risk

Qualifications:

- A post graduate degree. Professional certifications in risk/ internal control are preferable. Experience in the field of enterprise risk management shall be preferred

- Demonstrated ability to assess risk trends, both internally and externally.

- Analytical bent of mind with good command over MS Excel & written presentation skills

- Sound understanding & knowledge about insurance industry from an enterprise wide risk, financial risk perspective & risk management & governance perspective

- Subject matter expert in the enterprise wide risk management including areas of financial risk to enable oversight (review, challenge, guide, support) for credit, market, liquidity, insurance, operational and business risk matters .An experience/ exposure to these risks in the insurance sector would be useful