Role shall be responsible to proactively identify the risk areas with respect to product and process stand points through ACL, SQL, Oracle and AWS models. The role shall also be responsible to ensure ongoing monitoring and wing to wing closure of risk identified. Additionally, ensure that the identified gaps, along with RCA, preventive and corrective actions are tabled at relevant governance and management level forums.
Key Responsibilities
Responsible to implement a robust process for ACL automation of existing and new product features in line with F&U and policy contract
Proactive Identification and correction of system issues/gaps through data analysis and ensure to conclude RCA with the help of IT team
Facilitate discussion wrt identified gaps and workshop with relevant stakeholders to deploy corrective as well as preventive action
Ensure ongoing monitoring and timely closure on the action plan agreed with relevant stakeholders
Responsible to setup brainstorming session to conclude learning of the issue, share these learnings with the stakeholders to implement a robust process with Zero errors
Responsible to report financial impact as part of operational loss reporting to Enterprise Risk Management team on the issues identified basis data analysis.
Design/script System Integrity Check (SIC) -Error Alert to enable business function to have an ongoing monitoring over vulnerable areas with limited controls
Ensure accurate effort estimation and timely delivery of SICs post relevant testing
Ensure accuracy through comprehensive testing over the SIC’s developed by business partners are in line with the requirement shared in Business requirement document.
Drive data driven thematic review for critical areas within the Company impacting overall operational risk posture
Stakeholder Management
Responsible to setup weekly meeting with stakeholders to discuss new issues and take status update on open identified issues.
Lead monthly meetings with process owners and provide update/ reporting exceptions to functional leaders.
Provide periodic updates to Senior leadership team in PBC Steercom and ORG forums by preparing updated deck.
Team Management
Provide technical assistance and insurance understating to team members in designing relevant data analysis tool.
Responsible to check and review ACL models developed by business partners are in line with the F&U and policy contract
Experience and Skills
Masters or equivalent degree with 6+ years of experience in relevant field in Life Insurance industry
Technically proficient in Audit Command Language and SQL, Oracle and AWS queries with required certifications
Good knowledge of Insurance concepts and data analytics.
Proficient in MS- Office skills (Word, Excel & PowerPoint)
Strong commitment to meet project timelines
Desired qualification
Master of Business Administration or Equivalent Degree
Technically proficient in power BI, Oracle and SQL queries, python with required certifications
Measure of Success
Nil surprises during internal audit in domains being worked upon
Timely delivery of SICs
Timely closure of all action points emanating from Data Review
Nil deviation from the Governance forum plan
Nil error in SICs developed by PBC
Job Description
Position
Deputy Manager
Incumbent
-
Department
COO Office
Function
PBC- Internal Controls
Reporting to
Chief Manager
Band
4B
Location
Max Life Insurance Co. Ltd., Gurgaon
Team size (D/I)
I
Job Summary
Role shall be responsible to proactively identify the risk areas with respect to product and process stand points through ACL, SQL, Oracle and AWS models. The role shall also be responsible to ensure ongoing monitoring and wing to wing closure of risk identified. Additionally, ensure that the identified gaps, along with RCA, preventive and corrective actions are tabled at relevant governance and management level forums.
Key Responsibilities
Responsible to implement a robust process for ACL automation of existing and new product features in line with F&U and policy contract
Proactive Identification and correction of system issues/gaps through data analysis and ensure to conclude RCA with the help of IT team
Facilitate discussion wrt identified gaps and workshop with relevant stakeholders to deploy corrective as well as preventive action
Ensure ongoing monitoring and timely closure on the action plan agreed with relevant stakeholders
Responsible to setup brainstorming session to conclude learning of the issue, share these learnings with the stakeholders to implement a robust process with Zero errors
Responsible to report financial impact as part of operational loss reporting to Enterprise Risk Management team on the issues identified basis data analysis.
Design/script System Integrity Check (SIC) -Error Alert to enable business function to have an ongoing monitoring over vulnerable areas with limited controls
Ensure accurate effort estimation and timely delivery of SICs post relevant testing
Ensure accuracy through comprehensive testing over the SIC’s developed by business partners are in line with the requirement shared in Business requirement document.
Drive data driven thematic review for critical areas within the Company impacting overall operational risk posture
Stakeholder Management
Responsible to setup weekly meeting with stakeholders to discuss new issues and take status update on open identified issues.
Lead monthly meetings with process owners and provide update/ reporting exceptions to functional leaders.
Provide periodic updates to Senior leadership team in PBC Steercom and ORG forums by preparing updated deck.
Team Management
Provide technical assistance and insurance understating to team members in designing relevant data analysis tool.
Responsible to check and review ACL models developed by business partners are in line with the F&U and policy contract
Experience and Skills
Masters or equivalent degree with 6+ years of experience in relevant field in Life Insurance industry
Technically proficient in Audit Command Language and SQL, Oracle and AWS queries with required certifications
Good knowledge of Insurance concepts and data analytics.
Proficient in MS- Office skills (Word, Excel & PowerPoint)
Strong commitment to meet project timelines
Desired qualification
Master of Business Administration or Equivalent Degree
Technically proficient in power BI, Oracle and SQL queries, python with required certifications
Measure of Success
Nil surprises during internal audit in domains being worked upon
Timely delivery of SICs
Timely closure of all action points emanating from Data Review
