Enterprise Risk Management (DCM Level)

A leading life insurance company is seeking a dedicated Enterprise Risk Management (DCM Level) professional to join its team in Thane. In this specialized role, you will be responsible for supporting ERM initiatives with a focus on risk identification and mitigation. Furthermore, you will work to strengthen internal risk frameworks and ensure strict compliance across the organization. Consequently, this position is vital for maintaining a robust governance structure in a complex financial environment.

The ERM Specialist must develop and maintain frameworks that align with both organizational goals and regulatory requirements. Additionally, you will design and track Key Risk Indicators (KRIs) to proactively monitor emerging risks across various business functions. Therefore, the company is looking for a professional with 4 to 6 years of experience in risk management. If you have the expertise to develop standardized risk taxonomies and prioritize materiality criteria, this role offers an excellent opportunity for career growth.

Key Responsibilities

• Develop and maintain comprehensive Enterprise Risk Management (ERM) frameworks aligned with regulatory standards.
• Identify, assess, and monitor key risks across all business functions to ensure organizational stability.
• Implement effective mitigation strategies to address identified risks and minimize potential impact.
• Design and track Key Risk Indicators (KRIs) to proactively monitor and report on emerging risks.
• Establish structured risk identification and assessment processes across diverse departments.
• Develop a standardized risk taxonomy to ensure effective risk categorization throughout the company.
• Define materiality criteria for the accurate prioritization of risks and resource allocation.
• Support the implementation of internal controls and robust risk governance practices.
• Collaborate with various business units to embed a strong risk culture across the organization.
• Provide regular updates and reports on the risk landscape to senior management and stakeholders.

Requirements and Qualifications

Education and Experience

• Bachelor’s or Master’s degree in Finance, Risk Management, Actuarial Science, or a related field.
• Minimum of 4 to 6 years of professional experience in Enterprise Risk Management.
• Proven experience in the life insurance industry or broader BFSI sector is preferred.
• Experience in developing risk frameworks and implementing internal controls.

Technical Skills and Competencies

• Strong understanding of ERM principles, risk appetite frameworks, and regulatory requirements.
• Proficiency in designing and analyzing Key Risk Indicators (KRIs).
• Ability to develop standardized risk taxonomies and materiality frameworks.
• Analytical mindset with the ability to identify and prioritize emerging business risks.
• Excellent communication skills for presenting risk insights to departmental heads.
• Strong collaborative skills to work effectively across various business functions.

What the Company Looks For

• A proactive professional dedicated to strengthening the organization’s internal risk posture.
• A detail-oriented analyst who can translate complex risks into actionable mitigation plans.
• A strategic thinker focused on aligning risk management with long-term organizational goals.

If you are an ERM professional ready to drive risk governance for a premier life insurance provider, we encourage you to apply today!