Job Description
Hiring for one of the Big 4 Location : Bangalore Designation: Senior Associate Educational Qualification - MBA (Finance / Risk / Insurance) - CA / CFA / FRM Or equivalent degree with relevant insurance / reinsurance experience 3rd line of defence prior audit exposure into Insurance/Reinsurance. Key Roles & Responsibilities: 1. Risk & Control Framework - Support design, documentation and enhancement of control frameworks across insurance / reinsurance processes - Develop and maintain Risk & Control Matrices (RCMs) - Map risks to controls and identify control gaps 2. RCSA Execution - Facilitate Risk & Control Self-Assessments (RCSA) with business stakeholders - Perform risk identification, assessment, and control effectiveness evaluation - Document findings and recommend remediation actions 3. Control Testing & Validation - Perform control design and operating effectiveness testing - Document testing results and prepare issue summaries - Track remediation progress and validate closure 4. Process & Compliance Governance - Review process documentation and ensure alignment with regulatory and internal standards - Support regulatory compliance initiatives within insurance / reinsurance domain - Assist in audit engagements (internal / external) 5. Stakeholder Management - Engage with global stakeholders (onshore/offshore teams) - Present findings and recommendations clearly and confidently - Drive discussions independently with SMEs and control owners Required Skills & Competencies - Strong understanding of Insurance / Reinsurance business processes - Experience in RCSA, control testing, control design and documentation - Familiarity with regulatory environments (e.g., IRDAI / global insurance regulators) - Experience working with global clients or cross-border teams - Strong analytical and documentation skills - Excellent written and verbal communication skills Preferred Experience - Big 4 / Big 6 consulting background / Insurance/Reinsurance Firm (Risk Advisory / Interna
