Operational Risk Management Leader

7 days ago


Hyderabad, Telangana, India Kshema General Insurance Limited Full time

**About Us**

Kshema General Insurance Limited (Kshema) is a pioneering Digital Agri Insurance Company in India, serving farmers and cultivators across the country. Established in 2018, Kshema has revolutionized the agriculture sector by providing localized insurance products that offer resilience from financial distress due to extreme climate events and perils.

**Job Description**

The role of Operational Risk Management Leader is pivotal in making strategic decisions on risk management issues that directly impact the company's direction. Ensuring compliance with applicable regulations, this position creates and implements an Enterprise Risk Management Framework and operational risk management framework to facilitate understanding of risk requirements across the organization.

**Key Responsibilities**

* Manage operational risk, including identification, assessment, reporting, mitigation, and control* Design and maintain risk management tools like Key Risk Indicators and loss databases* Monitor performance of KRIs against management-approved thresholds and report breaches to the Chief Risk Officer (CRO) and risk committee* Oversee and track risk incidents, liaise with business for root cause analysis (RCA), resolution with corrective and preventive action plans, and report updates regarding operational risk incidents to the CRO and risk committee* Undertake timely period reviews of the Risk and Control Self-Assessment (RCSA) exercise* Provide key inputs for review of the Outsourcing Policy* Liaise with various stakeholders to collate and manage vendor/activity databases* Ensure timely delivery of internal/external reports and ad-hoc assignments given by the CRO/risk committee* Responsible for providing training and awareness to build a robust Risk Culture and Capability

**Requirements**

* Educational Qualification: Preferred MBA with engineering background or CA Certifications: FRM/IRM* The role reports to the Chief Risk Officer (CRO)


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