Job Title

Role Overview:We are seeking a high-caliber Risk Management professional to architect and lead the risk governance landscape at Jio Insurance Broking Limited. This is not just a monitoring role; you will be responsible for building a scalable Enterprise Risk Management (ERM) framework that spans our D2C, POSP, Institutional and Embedded Insurance verticals. You will act as a strategic partner to the Chief Risk Officer (CRO) ensuring that our rapid innovation is matched by robust mitigation strategies.Key Responsibilities:1. ERM Framework & GovernanceArchitect and implement a scalable ERM framework tailored for a Direct (Life & General) BrokerWork closely with CRO to define risk appetite statements and tolerance levels for each business verticalPrepare sophisticated risk dashboards and heat maps for the Risk Management Committee (RMC) and BoardOperationalize a board-approved Anti-Fraud Policy as per the IRDAI (Insurance Fraud Monitoring Framework) Guidelines 2025Develop and monitor RFIs specific to D2C digital journeys and POSP distribution channelsImplement /"Zero Tolerance/" protocols for internal fraud, intermediary misconduct, and complex affinity fraud2. Risk Identification & AssessmentIdentify and evaluate operational, strategic, financial, and regulatory risks across all business lines including D2C, POSP, Institutional, and Embedded InsuranceConduct periodic risk assessments and maintain a comprehensive Risk RegisterPerform risk analysis for new products, partnerships, and distribution models3. Risk Monitoring & ControlsDevelop and implement risk mitigation frameworks and internal control mechanismsMonitor key risk indicators (KRIs) and ensure timely reporting of emerging risksTrack risk incidents and ensure appropriate corrective actions are implemented4. Business & Stakeholder CollaborationPartner with business teams to understand operational processes and identify potential risk exposuresProvide risk advisory support to various business units and leadership teamsFacilitate risk awareness and training across the organisation5. Governance & ReportingPrepare risk reports and dashboards for senior management and relevant committeesSupport enterprise risk management initiatives and governance frameworksEnsure adherence to regulatory guidelines and internal policiesEligibility / Qualifications:Bachelor’s or Master’s degree in Finance, Risk Management, Insurance, or Business AdministrationExperience:5-6 years of experience in Risk Management in the insurance industrySkills & Competencies:Strong analytical and risk assessment skillsUnderstanding of regulatory and compliance frameworks in insurance broking businessStakeholder management and cross-functional collaborationAbility to interpret business processes and identify potential risk exposureStrong communication and reporting skills