- Develop, implement, and maintain the ERM framework in alignment with ISO 31000:2018 and IRDAIs Corporate Governance and Risk-Based Supervision guidelines
- Establish risk policies, risk appetite statements, and risk registers across business functions.
- Facilitate the implementation of the Three Lines of Defense model.
- Ensure compliance with IRDAIs risk management regulations, including solvency, stress testing, and risk-based capital (RBC) requirements.
- Coordinate with internal teams to ensure timely submission of risk-related reports to regulatory authorities.
- Support implementation of Ind-AS 117 and other regulatory accounting standards impacting risk.
- Conduct periodic risk assessments including strategic, operational, financial, insurance, cyber, climate, and reputational risks
- Monitor key risk indicators (KRIs) and emerging risks, including ESG and climate related risks.
- Support the Risk Management Committee of the Board (RMC) and other governance forums.
- Prepare risk dashboards and presentations for senior management and board-level discussions.
- Liaise with internal audit, compliance, actuarial, and finance teams for integrated risk oversight.
- Collaborate with IT and InfoSec teams to assess and mitigate cyber and data privacy risks.
- Support implementation of risk analytics tools and automation of risk reporting.
- Develop and maintain Risk Heatmaps to visually represent risk severity and likelihood across business functions.
- Implement and monitor RAG (Red-Amber-Green) risk rating methodology to classify and prioritize risks effectively.
- Define and align organizational Risk Appetite and Risk Tolerance levels with strategic objectives and regulatory expectations
- Assess and document Inherent Risks across key processes and ensure appropriate mitigation strategies are in place.
- Integrate RAG ratings and Risk Heatmap insights into Board-level reporting and decision-making framework.
📌 We are hiring - ERM (Enterprise Risk Management) (Mumbai)
🏢 Reliance General Insurance (RGI)
📍 Mumbai
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