Lead - Operational Risk Management

20 hours ago

Mumbai, India Magma General Insurance Limited Full time

Department: Risk Management Total Work Experience: 12 + years in General Insurance Industry Education: Chartered Accountant / MBA (Finance) – Preferred but not necessary Duties and responsibilities:- - Lead and coach team members in risk identification, risk assessment/evaluation and risk treatment approaches - Initiate and develop Operational Risk processes according to defined operational risk framework, policies and standards for risk management. - Execution of special reviews for areas which are core, technical and high risk for the organization. - Demonstrate in-depth knowledge of business risks, processes, and internal controls of the organization. - Manage and perform regular PAN INDIA defined Branch visits for process audit and report process inefficiencies - Review of OR Framework and related policies related to business unit - Implement plan to prevent, eliminate/minimize and mitigate operational risks. - Support the business to design controls to enable risk management for new products/processes - Drive continuous improvement in the business control environment - Re-design processes including opportunities for automation - Conducting periodic reviews with management team and respective stakeholders, documenting minutes and timely closure of ATRs. - Review of revised SOPs and oversee effective design of controls for all revised/ changed processes - Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis. - Team management- Goal setting and monitor team performance - Performing theme based reviews, in order to identify process lapses and build strong control - Leading business continuity related activities Specialized skills & competencies:- - Ability to engage with senior leadership in all aspects of OR management - Creative, out-of-the-box thinking, always keep an eye on the future - Strategic and analytical thinking - Strong communication, interpersonal & networking skills - Excellent Problem solving and decision-making skills, take responsibility & establish success criteria - Good Technical Knowledge in General Insurance - Excellent working on Excel & Power Point - Team Management skills. The roles need to interact with both internal/ external stakeholders to enable success in day-to-day work. This role also would require PAN India travel

  • Lead - Operational Risk Management

    1 day ago

    mumbai, India Magma General Insurance Limited Full time

    Department: Risk Management Total Work Experience: 12 + years in General Insurance Industry Education: Chartered Accountant / MBA (Finance) – Preferred but not necessary Duties and responsibilities:- Lead and coach team members in risk identification, risk assessment/evaluation and risk treatment approaches Initiate and develop Operational Risk processes...

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    1 day ago

    Mumbai, India Magma General Insurance Limited Full time

    Department: Risk ManagementTotal Work Experience: 12 + years in General Insurance IndustryEducation: Chartered Accountant / MBA (Finance) – Preferred but not necessaryDuties and responsibilities:- Lead and coach team members in risk identification, risk assessment/evaluation and risk treatment approachesInitiate and develop Operational Risk processes...

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