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MNK GCS - Risk Manager - Insurance Domain
MNK GCS - Risk Manager - Insurance DomainMNK GCS • Bangalore, India
MNK GCS - Risk Manager - Insurance Domain

MNK GCS - Risk Manager - Insurance Domain

MNK GCS • Bangalore, India
14 hours ago
Job description

Description :

Key Responsibilities :

  • Internal Control Framework (ICF) Design & Implementation
  • Lead the design, rollout, and continuous improvement of the Group-wide ICF, ensuring coverage across MGA operations, underwriting companies, and regulated entities in multiple jurisdictions.
  • Establish clear risk taxonomy, control standards, and governance processes tailored to the insurance and reinsurance industry.
  • Define and embed risk and control ownership models across businesses and geographies.

Risk & Control Self-Assessment (RCSA) :

  • Build and institutionalise the RCSA methodology across the Group, ensuring consistent identification, assessment, and mitigation of risks.
  • Conduct and facilitate risk and control workshops with business units to surface key operational and strategic risks.
  • Ensure testing of control design and effectiveness, residual risk scoring, and action plan management.
  • Risk Metrics & Monitoring :

  • Develop and maintain Key Risk Indicators (KRIs), control metrics, and dashboards aligned to Group risk appetite.
  • Embed regular monitoring and reporting mechanisms that provide early warning signals of emerging risks.
  • Ensure data-driven insights support decision-making at management and Board levels.
  • Regulatory Compliance & Multi-Jurisdiction Oversight :

  • Interpret and apply regulatory requirements across diverse jurisdictions (e.g., Solvency II, ORSA, PRA / FCA standards, Basel, or local equivalents).
  • Ensure Group-wide consistency in compliance while tailoring to local market expectations.
  • Feed into the Group MD who will ultimately act as a liaison for regulators, auditors, and risk committees on matters related to the ICF and operational risk.
  • Governance & Reporting :

  • Design and deliver Board and Risk Committee MI, including risk heat maps, thematic reports, and control performance reviews.
  • Contribute to the development and maintenance of risk policies, frameworks, and governance standards.
  • Provide independent challenge and assurance to first-line functions.
  • Risk Culture & Capability Building :

  • Champion a culture of accountability and transparency in risk and control management across the Group.
  • Support in delivering targeted training and guidance on ICF, RCSA, KRIs, and operational risk practices.
  • Support leadership in driving risk awareness and embedding RMF practices across all business entities.
  • Qualifications & Experience :

  • Bachelors or Masters degree in Risk Management, Business Administration, Finance, or related disciplines.
  • Professional certifications such as CRMA, FRM, CISA, CIA, or equivalent strongly preferred.
  • 10-12 years of experience in operational risk, internal controls, or enterprise risk management, with a strong preference for insurance / reinsurance or financial services.
  • Demonstrated success in building or implementing internal control frameworks and RCSA processes across complex, multi-entity environments.
  • Knowledge of multi-jurisdictional regulatory regimes and experience engaging with regulators and auditors.
  • Familiarity with GRC systems and risk data analytics
  • (ref : iimjobs.com)

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    Manager Risk • Bangalore, India

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