Lead- ORM and ERM (India)

Lead- ORM and ERM (India)

06 Sep
|
Aditya Birla Sun Life Insurance
|
India

06 Sep

Aditya Birla Sun Life Insurance

India

Job Purpose

The role is responsible for developing defining, implementing and monitoring Enetrprise Risk management & Operations Risk management policy & process framework to ensure that the organisational objectives are achieved within the given risk appetite defined by the sh

Job Context & Major Challenges

The external environment is changing at a fast pace impacting the risk framework for BSLI which is making the risk frame work more fluid and making it difficult to keep a pace with the same.
Implement Risk Management initiatives across BSLI in an ever expanding and dynamic environment.
The business environment is changing at rapid pace. To keep pace with this change internal operations needs to be aligned. The repeated changes make it difficult to carry out relevant risk evaluation.
The external environment & business compulsion makes it difficult to mitigate or mange all operational risk.
Data collection for proactively identifying & monitoring operations risk is a challenge.




Data collection for building risk models is a core activity for which the function has to depend on the other function of the organisation. Getting correct and timely data is a challenge.
Ensuring uniform and complete organization wide awareness on risk Management in times of Rapid expansion of business and new products and services being launched
Given the geographical span covering various branches and Zonal Offices, with some very high risk branches, making people aware of their roles & responsibilities with respect to Information security

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)

KRA1 Design and ensure implementation of a comprehensive Operational Risk Management framework 1.Analyse Operational Loss data and basis findings create and release Operational Loss report

Drive analysis, creation and release of Key Risk Indicators reports
Drive analysis, creation and release of Process risk assessment report
Drive closure of OR

📌 Lead- ORM and ERM (India)
🏢 Aditya Birla Sun Life Insurance
📍 India

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