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Bajaj Allianz General Insurance

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3.9

based on 2.4k Reviews

395 Bajaj Allianz General Insurance Jobs

Risk Engineer

Bajaj Allianz General Insurance Company Ltd.

3.9

based on 2.4k Reviews

4-8 years

Chandigarh

1 vacancy

Risk Engineer

Bajaj Allianz General Insurance

posted 5hr ago

Job Role Insights

Flexible timing

Key skills for the job

Manual Testing Costing Auditing Analytical Chemistry MS Office Risk Management

+ 4 more

Job Description

Audit and compliances

Interact and liaison with internal and external auditors and ensure closure of audit points within TAT
Render assistance in terms of data support for ISO Audit certification
Adherence to the risk policy while conducting annual Risk reviews with the department spocs/risk owner
Identify risk of non compliance and highlight to the RMC
Mitigate and collaborate with risk owners and ensure control mechanisms are in place
Review SOPs in case of deviations highlighted audit observations

Risk management

- Risk assessment-Identify and categorize the type of risk (high, medium or low), analyze, assess and estimate the risks affecting business

- Risk evaluation- Compare estimated risks with criteria established by the organization such as costs, legal requirements and environmental factors and evaluating previous handling of risks

- Risk reporting in an appropriate way for different audiences, for example- to the Risk Management Committee/ Executive Risk Management Committee for them to have an understanding of most significant risks, to the business heads to ensure they are aware

- Prepare the Risk management strategy and present to the Board for final approval

- maintain Risk Register documenting specific framework for specific risks mapped to RCM so that a financial value can be assigned

Control and testing assessment

- Define key risk indicators-channel wise and identify major control factors for each (system control, manual control, supervisory control, compensatory control)

-Perform a Cost benefits analysis- to understand if we need to transfer/ share risk

Conducting trainings and Reviews of risk champions

-Providing support, education and training to the staff to build awareness within the organization

Mandatory Skills:

Good analytical skills Professional certification in Risk management

Desirable Skills:

1.Good communication skills. 2.Flexible adaptable to change. 3.Well versed with MS Office. 4.Should have good analytical and problem-solving skills. 5.Should be aware of the Local language.

Education/Qualification:

Minimum Qualification: post graduation in statistical stream. MBA in Finance.

Employment Type: Full Time, Permanent

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