PHI - Manager- Risk

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

PHI –Manager - Risk

Prudential (UK) in partnership with the HCL group plans to set-up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.

This joint venture will combine Prudential's global expertise in insurance and financial services with HCL Group’s experience in technology and healthcare solutions.

Prudential, with its longstanding presence in India, already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup, India’s first World Cup Victory!

Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.

To partner with us in this mission, we are looking for a dynamic and Risk Manager to ensure the efficient and seamless operation of the Risk Department and plays a crucial role in identifying, assessing and mitigating risks in the organization.

Reporting to Head of Risk / Chief Risk Officer

Location : Mumbai

The Manager of Risk and Investment Compliance is responsible for ensuring that the organization adheres to all regulatory requirements and internal policies related to risk and compliance, with a specific focus on compliance with IRDAI regulations. This role requires a deep understanding of financial markets particularly Insurance, Cyber Security, and also involves monitoring compliance, and conducting audits.

Key Responsibilities

• Identify potential risks that could impact the organization’s operations and financial performance.
• Conduct comprehensive risk assessments to evaluate the likelihood and impact of identified risks.
• Develop risk profiles and maintain a risk register.
• Develop and implement risk management policies and procedures.
• Monitor the effectiveness of risk mitigation measures and adjust as necessary.
• Collaborate with various departments to ensure risk management practices are integrated into daily practices.
• Maintain records of risk assessments, mitigation plans, and compliance activities.
• Develop and implement standard operating procedures for Risk Management, including its regular review and updating as per current regulations and best practices.
• Support Chief Risk Officer in strategic risk management matters.

Qualification & Experience

Skills

What we offer