Senior - Actuary at KPMG Global Services

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

24 Aug, 26

Salary

0.0

Posted On

26 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Insurance Risk Management, Solvency II, Operational Risk, Analytical Thinking, Financial Modeling, Programming, ESG Risks, Cyber Risk, DORA, Governance Structures, ERM, RAF, ORSA, DFA, ResQ, Igloo

Industry

Business Consulting and Services

Description

About KPMG in India KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment. TempHtmlFile Overarching skills and experience 1. technical understanding of insurance and risk * General understanding of the insurance business (incl. risk types depending on the type of insurance) * Experience in the risk management of insurance companies (incl. Operational risk, risk management cycle) * Qualitative review/enhancement and monitoring of insurance companies’ operational risk and risk management framework * Knowledge of regulatory requirements, in particular Solvency II * Understanding of 2nd line functions (e.g. risk management function, actuarial function, anti-money laundering function etc.) 2. Skills * Strong analytical thinking skills * Modeling experience (e.g. DFA, ResQ, Igloo) * Technical know-how incl. programming of use cases (e.g. with AI) 3. future-oriented topics * Knowledge of ESG risks * Understanding of cyber risks and regulatory requirements such as DORA 4. International business * Benchmark know-how and, if applicable, experience in international business expansion * Experience in the design and implementation of governance structures in insurance companies 5. SME experience * Reading comprehension German or use of translation aids 6. Eligibility * Prior experience in the risk management team an insurance company. * Actuarial papers not compulsory. * Exposure on the Operational Risks, ERM, RAF, ORSA, SII Equal employment opportunity information KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.

Responsibilities

The role involves the qualitative review, enhancement, and monitoring of insurance companies' operational risk and risk management frameworks. It also requires managing 2nd line functions and implementing governance structures for international business expansion.