Department - Risk Management - ERM Vertical

Location- Mumbai Head Office (Andheri)

Key Responsibilities

1. Conduct Risk Assessments of various processes

- Conduct Process Risk assessment/Process reviews to give an assurance that process is working as expected.
- Identify gaps and provide recommendations for addressing the same
- Reporting of observations along with actionable to senior management
- Ensure timely closure of Open Actionables in coordination with concerned function / risk owner

2. Risk and Control Self-Assessment process

- Review RCSA document and update the same to keep it current
- Conduct control testing and assist the process owners in the same
- Ensure that control testing is appropriately followed by process owners
- Document issues identified during control testing and follow-up for closure
- Ensure timely reporting of issues identified and action taken to address the same
- Preparation of necessary reports to highlight trends at function and company level

3. Review & Monitoring of Functional Key Risk Indicators (FKRI)

- Review of Functional Key Risk Indicators
- Collate the functional inputs, analyze, monitor and report functional KRIs vis-a-vis the approved benchmarks.
- Review threshold breaches, obtain justification / action plans for threshold breaches and follow-up for closure of the same.
- Preparation of analysis and presentation for RMC E and RMC B

4.



Implementation of ISO 31000:2018 Risk Management

- Ensuring adherence as required by ISO 31000:2018
- Timely review and monitoring of documentation as required by ISO 31000:2018
- Handling the audit of ISO 31000:2018

5. Other Risk Related Activities

- Create Risk awareness and Training for Risk Officers and all functions.
- Assist in creating documentation /presentations for award nomination
- Assist in adhoc analysis as required by the management from time to time.
- Communicate and Collaboration with all functions for effective risk management

Critical Competencies

- Chartered Accountant with 1 to 3 years of experience.
- Graduate / Postgraduate with 5 to 7 years of experience.
- Experience in risk reviews / process audits/Internal audit would be preferred, Life Insurance domain experience preferred
- Certifications like CFE / ARM / Fellow / Licentiate / Associate from III or any other risk related certification would be desirable
- Lead Implementer / Internal Auditor for ISO Standards like ISO 9001, 31000, 22301, 27001 would be added advantage

Key Interactions

- All departments including but not limited to Operations, Channel Admin, HR, Planning & Budgetary, CFIC, Audit, Brand & Corp Communication, Compliance, IT
- Risk Officers
- Head of Departments
- Process Owners

📌 Enterprise Risk Management Manager (Mumbai)
🏢 Sbi Life
📍 Mumbai