Risk Management Specialist

Job Description As a high-caliber Risk Management professional at Jio Insurance Broking Limited, you will be responsible for architecting and leading the risk governance landscape. Your role will involve building a scalable Enterprise Risk Management (ERM) framework across various insurance verticals and acting as a strategic partner to the Chief Risk Officer to ensure robust mitigation strategies align with rapid innovation. Key Responsibilities: - ERM Framework & Governance - Architect and implement a scalable ERM framework tailored for a Direct (Life & General) Broker - Define risk appetite statements and tolerance levels for each business vertical - Prepare sophisticated risk dashboards and heat maps for the Risk Management Committee (RMC) and Board - Operationalize an Anti-Fraud Policy following IRDAI Guidelines 2025 - Develop and monitor RFIs specific to digital journeys and distribution channels - Implement "Zero Tolerance" protocols for internal fraud and misconduct - Risk Identification & Assessment - Evaluate operational, strategic, financial, and regulatory risks across all business lines - Conduct periodic risk assessments and maintain a comprehensive Risk Register - Perform risk analysis for new products, partnerships, and distribution models - Risk Monitoring & Controls - Develop risk mitigation frameworks and internal control mechanisms - Monitor key risk indicators (KRIs) and report emerging risks - Track risk incidents and ensure corrective actions are implemented - Business & Stakeholder Collaboration - Partner with business teams to identify risk exposures - Provide risk advisory support to business units and leadership teams - Facilitate risk awareness and training across the organization - Governance & Reporting - Prepare risk reports and dashboards for senior management - Support enterprise risk management initiatives and governance frameworks - Ensure adherence to regulatory guidelines and internal policies Qualifications: - Bachelors or Masters degree in Finance, Risk Management, Insurance, or Business Administration Experience: - 5-6 years of experience in Risk Management in the insurance industry Skills & Competencies: - Strong analytical and risk assessment skills - Understanding of regulatory and compliance frameworks in insurance broking business - Stakeholder management and cross-functional collaboration - Ability to interpret business processes and identify potential risk exposure - Strong communication and reporting skills As a high-caliber Risk Management professional at Jio Insurance Broking Limited, you will be responsible for architecting and leading the risk governance landscape. Your role will involve building a scalable Enterprise Risk Management (ERM) framework across various insurance verticals and acting as a strategic partner to the Chief Risk Officer to ensure robust mitigation strategies align with rapid innovation. Key Responsibilities: - ERM Framework & Governance - Architect and implement a scalable ERM framework tailored for a Direct (Life & General) Broker - Define risk appetite statements and tolerance levels for each business vertical - Prepare sophisticated risk dashboards and heat maps for the Risk Management Committee (RMC) and Board - Operationalize an Anti-Fraud Policy following IRDAI Guidelines 2025 - Develop and monitor RFIs specific to digital journeys and distribution channels - Implement "Zero Tolerance" protocols for internal fraud and misconduct - Risk Identification & Assessment - Evaluate operational, strategic, financial, and regulatory risks across all business lines - Conduct periodic risk assessments and maintain a comprehensive Risk Register - Perform risk analysis for new products, partnerships, and distribution models - Risk Monitoring & Controls - Develop risk mitigation frameworks and internal control mechanisms - Monitor key risk indicators (KRIs) and report emerging risks - Track risk incidents and ensure corrective actions are implemented - Business & Stakeholder Collaboration - Partner with business teams to identify risk exposures - Provide risk advisory support to business units and leadership teams - Facilitate risk awareness and training across the organization - Governance & Reporting - Prepare risk reports and dashboards for senior management - Support enterprise risk management initiatives and governance frameworks - Ensure adherence to regulatory guidelines and internal policies Qualifications: - Bachelors or Masters degree in Finance, Risk Management, Insurance, or Business Administration Experience: - 5-6 years of experience in Risk Management in the insurance industry Skills & Competencies: - Strong analytical and risk assessment skills - Understanding of regulatory and compliance frameworks in insurance broking business - Stakeholder management and cross-functional collaboration - Ability to interpret business processes and ident