Hiring for one of the Big 4
Location : Bangalore
Designation: Senior Associate
Educational Qualification
- MBA (Finance / Risk / Insurance)
- CA / CFA / FRM Or equivalent degree with relevant insurance / reinsurance experience
3rd line of defence prior audit exposure into Insurance/Reinsurance.
Key Roles & Responsibilities:
1. Risk & Control Framework
- Support design, documentation and enhancement of control frameworks across insurance /
reinsurance processes
- Develop and maintain Risk & Control Matrices (RCMs)
- Map risks to controls and identify control gaps
2. RCSA Execution
- Facilitate Risk & Control Self-Assessments (RCSA) with business stakeholders
- Perform risk identification, assessment, and control effectiveness evaluation
- Document findings and recommend remediation actions
3. Control Testing & Validation
- Perform control design and operating effectiveness testing
- Document testing results and prepare issue summaries
- Track remediation progress and validate closure
4. Process & Compliance Governance
- Review process documentation and ensure alignment with regulatory and internal standards
- Support regulatory compliance initiatives within insurance / reinsurance domain
- Assist in audit engagements (internal / external)
5. Stakeholder Management
- Engage with global stakeholders (onshore/offshore teams)
- Present findings and recommendations clearly and confidently
- Drive discussions independently with SMEs and control owners
Required Skills & Competencies
- Solid understanding of Insurance / Reinsurance business processes
- Experience in RCSA, control testing, control design and documentation
- Familiarity with regulatory environments (e.g., IRDAI / global insurance regulators)
- Experience working with global clients or cross-border teams
- Strong analytical and documentation skills
- Excellent written and verbal communication skills
Preferred Experience
- Big 4 / Big 6 consulting background / Insurance/Reinsurance Firm (Risk Advisory / Interna