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WNS Senior Group Manager Risk Management CA Insurance Business Unit

  • 6-8 yrs
  • Not Disclosed

Job Description

Role Senior Group Manager Risk Management

Job Description

Managing, planning, developing and execution of the Operational Risk Management and Audit framework for the organization's Insurance Business Unit.

Location Mumbai

Travel Requirement Yes (should hold valid passport)

Duties and Responsibilities

Lead the Operation Risk Management & Audit function for the insurance operation vertical covering risk management, audit and compliance detailed below

Operation Risk Management

Manage the risk management framework for WNS client operations

Develop, identify and evaluate Business Unit level strategic and operational risks

Evaluate internal processes controls and update risk registers

Gather and analyze risk related data from internal and or external resources

Liaise with risk owners across the BU and client risk owners and monitor risk indicators

Publish periodic risk dashboards, reports etc for internal and external stakeholders

Follow up for implementation of controls for key risks within timelines & escalate overdue issues

Review the existing risk framework and recommend changes to risk assessment review monitoring methodologies

Identify and evaluate process transaction risks relating to existing and prospective clients

Represent the Operation Risk Management & Audit team at internal and client governance meetings

Operational Audit

Manage the internal audit program for the Insurance Business Unit

Design scope of audit assignments covering internal controls and policy guidelines basis the risk management activity for the business unit

Plan audit assignments considering time and effort estimation

Execute and manage the audit assignment by performing field work and following the planned audit approach

Evaluate internal processes and controls, and prepare audit reports with value added recommendations to management and audit committees

Follow up for implementation of controls for key risks within timelines & escalate overdue issues

Liaise with external auditors to co ordinate and discuss audit assignments, issues and audit observations

Ensure that internal audit team is properly supervised, performs audit investigatory work with planned approach and within agreed time frames

Represent the Operation Risk Management & Audit team at internal and client governance meetings

Compliance

Plan, supervise and execute the compliance review Programme in line with the Business Unit's requirement

Conduct awareness drives with the assistance of compliance SPOCs & Operations Teams

Coordinate key reviews that are conducted by clients and external auditors.

Point of contact for all regulatory communications across processes

Point of contact for regulatory compliance related requests by clients

Point of contact for all audits across the Business Unit

Academic Qualification Chartered Accountancy

Professional Qualification

6 8 years experience in risk management and or audit, with a minimum 3 year experience in Operational Transaction Risk Management

Independent, analytical and positive mind, excellent inter personal and communication skills, ability to deal with people in different levels including senior management

Knowledge of international regulators e.g. US, UK, Australian regulatory frameworks (e.g. Fed, FCA, APRA etc) will be an added benefit

Conversant with risk based audit approach, risk assessments and have flair for developing using risk monitoring models and tools

Good presentation and report writing skills

Command over MS Excel, Word and Power Point