Risk Control Unit Manager

A Leading Life Insurance Company is seeking an analytical Risk Control Unit Manager to join its risk management division in Mumbai. In this strategic first-level review role, you will take full responsibility for evaluating Branch Risk Assessment reports submitted by Regional Risk Managers across PAN India. Furthermore, you will drive root-cause analysis, coordinate mitigation actions with department risk owners, and track observation closures within strict timelines. Consequently, this position is vital for supporting business continuity, information security, and risk culture across the organization.

The Risk Control Unit Manager must combine meticulous risk evaluation habits with strong inter-departmental coordination capabilities. Additionally, you will conduct selective on-site branch visits, support BCM Star Assessments, and co-design regional risk training modules. Therefore, the group is looking for an analytical professional who maintains central risk dashboards and manages ISO-aligned review modules comfortably. If you want to steer enterprise-wide risk control frameworks inside a premier insurance vertical, this role is for you.

Key Responsibilities

• Act as first-level reviewer for Branch Risk Assessment reports submitted by Regional Risk Managers across PAN India.
• Perform root-cause analysis on accepted risks covering process, people, system, information security, and data protection risks.
• Coordinate with functional Risk Owners across departments to agree on actionable risk mitigation strategies.
• Track the timely closure of risk observations and audit findings within agreed turnaround timelines.
• Coordinate with Regional Risk Managers and Customer Relationship Management teams on Sales Audit calls regarding mis-selling complaints.
• Conduct selective on-site visits to regional branches to validate assessments and gather first-hand operational insights.
• Maintain the central Risk Control Unit data bank, publish monthly RCU reports, and manage the Risk Champion Scorecard.
• Align the Branch Risk Assessment framework with global standards including ISO 31000, ISO 22301, and ISO 27001.
• Conduct User Acceptance Testing (UAT) for functional enhancements to the Operational Risk Management system.
• Contribute to strategic initiatives such as Departmental Risk Management implementation and Regional Risk Registers.

Requirements and Qualifications

• Graduate or Post-Graduate degree in Commerce, Finance, Business Administration, or Management from a recognized institution.
• 5-8 Years of relevant professional experience in Risk Management, Internal Audit, Compliance, or Internal Controls within BFSI/Insurance.
• Functional familiarity with ISO 22301, ISO 31000, ISO 27001, and organizational resilience standards (ISO 22316).
• Advanced MS Excel capabilities for data analysis, risk reporting dashboards, and executive PowerPoint presentations.
• Beneficial professional certifications: Certified Internal Auditor (CIA), CISA, or CRISC credentials.