About Axis Max Life

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a joint venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.

Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and a well-trained human capital.

Axis Max Life has been consistently ranked among the best workplaces by the GPTW Institute, reflecting its commitment to creating a positive and empowering work environment.

#ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply

Job Description:

JOB DESCRIPTION

Position

Senior Manager

Band

4

Department

Underwriting and Governance

Function

Governance

Reporting to

Neha Aggarwal

Location

HO - Gurgaon

JOB SUMMARY

The Senior Manager – AI Model Governance will be responsible for establishing and managing an independent governance framework for Artificial Intelligence (AI), Machine Learning (ML), Predictive Analytics and Generative AI models used across underwriting processes.

The role will provide independent oversight and challenge to model development teams and ensure that underwriting models remain accurate, reliable, explainable, compliant and aligned with the Company's risk appetite throughout their lifecycle.

As part of the Underwriting Governance team, the incumbent will be responsible for establishing governance standards across model development, validation, approval, deployment, monitoring, recalibration and retirement.

The role will work closely with Underwriting, Risk, Technology, Analytics, Compliance and Internal Audit teams to enable responsible and controlled adoption of AI across the underwriting value chain.





KEY RESPONSIBILITIES: -

- Establish and maintain the governance framework for AI/ML models used in underwriting.

- Perform independent review and challenge of model assumptions, methodologies and performance.

- Establish and oversee monitoring of model performance, data drift, concept drift and model degradation.

- Implement governance standards relating to fairness, bias, explainability and transparency.

- Ensure compliance with internal policies, regulatory expectations and emerging AI governance requirements

KEY SKILLS:

Desired Skills:

- Good communication and interpersonal skills.

- Sound problem solving skills.

- Ability to work with large data.

- Strong planning and organizational skills.

System Knowledge:

- Python, R, Spark etc. ML / DL frameworks like tensor flow, keras, AutoML, pytorch etc.

- Knowledge and Experience in working with cloud stack – AWS for enabling on cloud solution deployment

JOB DESCRIPTION

Position

Senior Manager

Band

4

Department

Underwriting and Governance

Function

Governance

Reporting to

Neha Aggarwal

Location

HO - Gurgaon

JOB SUMMARY

The Senior Manager – AI Model Governance will be responsible for establishing and managing an independent governance framework for Artificial Intelligence (AI), Machine Learning (ML), Predictive Analytics and Generative AI models used across underwriting processes.

The role will provide independent oversight and challenge to model development teams and ensure that underwriting models remain accurate, reliable, explainable,



compliant and aligned with the Company's risk appetite throughout their lifecycle.

As part of the Underwriting Governance team, the incumbent will be responsible for establishing governance standards across model development, validation, approval, deployment, monitoring, recalibration and retirement.

The role will work closely with Underwriting, Risk, Technology, Analytics, Compliance and Internal Audit teams to enable responsible and controlled adoption of AI across the underwriting value chain.

KEY RESPONSIBILITIES: -

- Establish and maintain the governance framework for AI/ML models used in underwriting.

- Perform independent review and challenge of model assumptions, methodologies and performance.

- Establish and oversee monitoring of model performance, data drift, concept drift and model degradation.

- Implement governance standards relating to fairness, bias, explainability and transparency.

- Ensure compliance with internal policies, regulatory expectations and emerging AI governance requirements

KEY SKILLS:

Desired Skills:

- Positive communication and interpersonal skills.

- Sound problem solving skills.

- Ability to work with large data.

- Strong planning and organizational skills.

System Knowledge:

- Python, R, Spark etc. ML / DL frameworks like tensor flow, keras, AutoML, pytorch etc.

- Knowledge and Experience in working with cloud stack – AWS for enabling on cloud solution deployment

Desired qualification and experience: -

Education:

PHD/ master’s degree in quantitative fields like mathematics, computer science, engineering, statistics, economics from premiere institutes

Experience:

Minimum of 5-10 years of related work experience in analytical roles.

State:

Home Office

Branch:

Gurugram -90C

Department:

Underwriting and Claims

Function:

Underwriting - Governance & Audit

Posted On:

16-Oct-2026

📌 Senior Manager - Underwriting Governance & Audit (India)
🏢 AxisMaxlife
📍 India