To support the operationalization of risk management practices across the organization by driving Key Risk Indicators (KRI) monitoring, strengthening risk culture, and executing risk audits/reviews, ensuring proactive identification and mitigation of risks.
Key Responsibilities
- Key Risk Indicators (KRI) Management
- Support design, tracking, and reporting of KRIs across functions
- Monitor thresholds, trigger alerts, and escalate breaches
- Coordinate with stakeholders to ensure timely KRI data submission
- Analyze trends and provide actionable insights for risk mitigation
- Drive the action oriented outcome for critical breaches indicators and ensure timely closure.
- Risk Culture & Awareness
- Drive risk awareness initiatives across business units
- Support rollout of risk training, communication, and campaigns
- Promote ownership of risk at functional levels
- Assist in embedding risk practices into day-to-day operations
- Risk Audits / Reviews
- Conduct periodic risk reviews and control assessments
- Support internal risk audits and thematic reviews
- Identify control gaps and track closure of action plans
- Maintain documentation and evidence for audit readiness
- Governance & Reporting
- Prepare for periodic risk dashboards and reports
- Track action items arising from risk reviews and audits
- Support regulatory / internal reporting requirements
- Ensure adherence to risk frameworks and policies
- Liaise with internal teams (Underwriting, Claims, Finance, IT) for risk-related queries.
Success Metrics (Combined)
- Timely and accurate KRI reporting with actionable insights
- Increased risk awareness and participation across teams
- Closure of audit findings within defined timelines
- Improved control effectiveness and reduction in repeat issues
Requirements Key Skills & Competencies
- Solid analytical and coordination skills
- Attention to detail and structured thinking
- Stakeholder management and follow-through ability
- Good communication and presentation skills
- Basic understanding of risk frameworks and controls
Qualifications & Experience
- Graduate/Postgraduate in Finance, Risk, Business, or related field
- 2–5 years of experience in Risk / Audit / Compliance
- Exposure to KRI frameworks, audits, or risk programs preferred
- Proficiency in MS Excel, PowerPoint, and risk reporting tools.
- Knowledge of IRDAI regulations and insurance operations.
Behavioral Attributes
- Proactive and ownership-driven
- High integrity and accountability
- Ability to work across teams and manage multiple priorities
- Assist in risk awareness programs and training sessions.