Entity Risk Officer

Allianz Technology is the global IT and digital transformation platform of Allianz Group, one of the world's leading insurers and asset managers.

We empower Allianz to lead with technology by providing future-ready digital solutions.

Our presence in India is a vital part of our global operations, driving innovation and delivering critical IT services to support the Group's ambitions.

We foster a collaborative and dynamic environment where talented individuals can make a significant impact.

About the Job:

We are seeking a highly motivated and experienced Entity Risk Officer to join our Allianz Technology India Risk Team.

This crucial role will be responsible for identifying, assessing, monitoring, and mitigating risks associated with our entity operations in India.

The Entity Risk Officer will work closely with various stakeholders across the organization to ensure a robust and effective risk management framework is in place and aligned with the overall Allianz Group risk strategy.

This position offers an exciting opportunity to contribute to the strategic direction of our risk management practices and play a key role in safeguarding the entity's Identification and Assessment:

- Proactively identify and assess potential risks (financial, operational, strategic, compliance, technological, etc.) that could impact Allianz Technology India.

- Develop and implement risk assessment methodologies and frameworks tailored to the entity's specific context.

- Conduct regular risk assessments and scenario analyses to evaluate the likelihood and impact of identified risks.

- Facilitate risk workshops and discussions with relevant business units and stakeholders.

Risk Mitigation and Control:

- Develop and recommend appropriate risk mitigation strategies and action plans to address identified risks.

- Work with business owners to implement and monitor the effectiveness of risk controls.

- Contribute to the development and maintenance of relevant policies, procedures, and guidelines to enhance risk management practices.

- Track and monitor the implementation of risk mitigation actions and escalate any deviations or Reporting and Monitoring:

- Prepare regular risk reports for management, highlighting key risks, mitigation efforts, and emerging trends.

- Monitor key risk indicators (KRIs) and escalate breaches or potential issues.

- Maintain a comprehensive risk register and ensure its accuracy and completeness.

- Support the development and implementation of risk dashboards and reporting tools.

Stakeholder Management and Collaboration:

- Collaborate effectively with various departments, including IT, Finance, Compliance, Legal, and

Operations, to embed risk management principles across the organization.

- Act as a point of contact for risk-related queries and provide guidance and support to stakeholders.

- Participate in relevant governance committees and forums to provide risk insights and

perspectives.

- Liaise with Group Risk functions to ensure alignment with overall risk management strategies and reporting Improvement:

- Stay abreast of industry best practices, regulatory requirements, and emerging risks.

- Contribute to the continuous improvement of the entity's risk management framework and processes.

- Support internal and external audits related to risk management.

- Participate in risk management training and awareness and Experience:

- Bachelor's degree in a relevant field such as Finance, Business Administration, Economics, or IT.

- Master of Business Administration (MBA) degree is highly preferred.

- Minimum of 5-8 years of experience in risk management, internal audit, compliance, or a related field, preferably within the financial services or technology industry.

- Strong understanding of risk management frameworks, methodologies, and tools.

- Proven experience in identifying, assessing, and mitigating various types of risks.

- Excellent analytical and problem-solving skills with the ability to interpret complex information and draw meaningful conclusions.

- Strong communication, presentation, and interpersonal skills with the ability to effectively

interact with stakeholders at all levels.

- Ability to work independently and as part of a team in a fast-paced and dynamic environment.

- Proficiency in MS Office Suite (Word, Excel, PowerPoint).

- Relevant professional certifications (e.g., FRM, PRM, CRISC) would be an advantage

(ref:iimjobs.com)

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