Key Responsibilities:
• Governance - Support Insurance Business head by leading and conducting the Business Insurance Forum (BIF) which provides oversight of the Insurance Business in the country.
• Risk and Control – Implement Risk and Control programs that aid management to identify, analyze and respond appropriately to the identified risks and have a solid Corrective Action Plans (CAP)
• Monitoring: Utilize existing monitoring techniques and tools such as Manager Control Assessment (MCA), Regular review of Key Automated Controls (KAC) and Digital Monitoring Tools (DMT)
• Compliance to Policies / Procedures/ Regulation: Ensure Global Insurance Standards & Other key policies, procedures and local regulatory requirements are being followed and ensure that requirements are implemented in standardized manner in consultation with country and regional seniors
• Escalation Management - Partner with key control functions to identify significant franchise, operational and regulatory risks related to insurance products and be the first point in the country to escalate significant matters
• Audit Management – Help in providing a consistent process for reporting, tracking and remediation of control weaknesses (audit issues) identified by Internal Audit. • Track Key Risk Indicators (KRI) for the market and ensure that country implements corrective action plan where required
Requirement
• Bachelor’s Degree
• 8-10 years of relevant industry experience with background in insurance and/ or banking compliance
• Knowledge of regulatory frameworks in the market with experience of dealing with regulatory compliance
• In-depth knowledge of insurance products/ processes across life and non-life will be an advantage over other candidates
• Excellent project management and organizational skills and capability to handle multiple projects/initiatives concurrently
