Financial Risk Manager - Insurance

• Financial Risk Manager - Insurance
• Company: Placements24
• Job Location: Nagpur, Maharashtra, India
• Employment Type: Full-time
• Experience Required: 7+ years
• About the Role

Our client, a prominent insurance group, is seeking an accomplished Financial Risk Manager to oversee and enhance their risk management framework in Nagpur, Maharashtra . This senior position is responsible for identifying, assessing, and mitigating financial risks across the organization, ensuring compliance with regulatory requirements and protecting the company's assets. The ideal candidate will possess a deep understanding of financial markets, risk modeling techniques, and the insurance regulatory landscape. We are looking for a strategic thinker with strong analytical capabilities and leadership experience. This role offers a significant opportunity to influence the company's financial strategy and contribute to its stability and growth. The work environment is professional and high-stakes, demanding precision, integrity, and a proactive approach to risk management. You will collaborate closely with senior management, finance, actuarial, and compliance teams. This position is critical for maintaining financial health and operational resilience within the competitive insurance sector. Join us in ensuring robust risk management practices that underpin our client's success.

• Key Responsibilities
• Develop, implement, and maintain a comprehensive financial risk management framework.
• Identify, assess, and monitor key financial risks, including market risk, credit risk, liquidity risk, and operational risk.
• Design and implement risk mitigation strategies and controls.
• Conduct stress testing and scenario analysis to evaluate the impact of adverse events.
• Ensure compliance with relevant regulatory requirements (e.g., IRDAI guidelines) and internal policies.
• Prepare detailed risk reports and present findings and recommendations to senior management and the board.
• Collaborate with actuarial, finance, and internal audit teams to provide insights on risk exposures.
• Monitor economic and market conditions for potential impacts on the company's financial health.
• Develop and manage key risk indicators (KRIs) and maintain risk registers.
• Promote a strong risk culture throughout the organization through training and awareness programs.
• Requirements
• Master's degree in Finance, Economics, Mathematics, or a related field; CFA or FRM certification is highly desirable.
• Minimum of 7 years of progressive experience in financial risk management, preferably within the insurance or banking industry.
• In-depth knowledge of risk management principles, financial modeling, and quantitative analysis techniques.
• Strong understanding of the Indian insurance market and regulatory environment.
• Proven experience in developing and implementing risk management frameworks and policies.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Strong leadership and communication skills, with the ability to influence stakeholders at all levels.
• Proficiency in risk management software and tools, as well as MS Office Suite.
• Ability to work effectively under pressure and manage complex projects.
• Experience in Nagpur, Maharashtra or surrounding regions is advantageous.
• Benefits
• Highly competitive salary package commensurate with experience and qualifications.
• Comprehensive health, dental, and vision insurance for employees and their dependents.
• Robust retirement savings plan with significant employer contributions.
• Generous paid time off, including vacation, sick leave, and public holidays.
• Opportunities for professional development, including certifications and advanced training programs.
• A challenging and impactful role with significant influence on organizational strategy.
• Access to cutting-edge risk management technologies and data analytics platforms.
• Work within a respected financial institution with a strong reputation.
• Support for professional memberships and conference attendance.
• Prime office location in Nagpur with modern amenities. .