01Overview
BA - Third Party Risk Management (TPRM) - Insurance Regulatory Risk Management IRDAI
Location - Mumbai
5+ years
Cient lis a leading operations management and analytics company that helps businesses enhance growth and profitability through analytics, automation, benchmarking, consulting, industry best practices, and technology platforms
Role Overview
We are looking for an experienced BA/Project Manager / PMO Third Party Risk Management (TPRM) professional with strong experience in the Indian Insurance Regulatory Risk Management domain.
The role requires an individual who can understand regulatory and operational control requirements, analyze existing gaps, drive remediation activities, document process changes, and work closely with business SMEs and risk stakeholders.
This role will work closely with the Chief Risk Officer (CRO) India and will be responsible for managing regulatory remediation initiatives, TPRM governance, documentation, stakeholder management, and end-to-end delivery ownership.
The ideal candidate should have experience working within insurance companies in Risk Management, Regulatory Compliance, Vendor Risk Management, Procurement Risk, Outsourcing Governance, or TPRM functions.
Key Responsibilities
Regulatory Remediation & Gap Management
Own and drive the remediation plan for identified regulatory and compliance gaps within Third Party Risk Management processes.
Refresh, analyze, and maintain the existing list of pending regulatory gaps and define closure plans.
Work with business SMEs and risk teams to understand operational controls, identify gaps, and implement remediation actions.
Support documentation of process changes, control enhancements, governance frameworks, and remediation evidence.
Ensure regulatory requirements are translated into actionable business processes.
TPRM Governance & Project Management
Act as PMO governance owner for TPRM remediation initiatives.
Provide structured governance support across:
Vendor onboarding
Third-party due diligence
Risk assessments
Monitoring activities
Remediation tracking
Regulatory compliance activities
Drive project planning, milestone tracking, dependency management, RAID management, and executive reporting.
Manage action items, risks, issues, and deliverables across multiple stakeholders.
Support governance forums, steering committees, and risk review meetings.
Business Stakeholder Management
Work closely with:
CRO India
Risk teams
Business SMEs
Procurement teams
Compliance teams
Legal teams
Vendor management teams
Act as the bridge between business teams and PMO governance teams.
Drive alignment between regulatory expectations and operational execution.
Process Documentation & Control Framework
Own end-to-end documentation including:
Process workflows
SOPs
Control documentation
Governance reports
Regulatory evidence packs
Identify opportunities for improving TPRM processes, reducing operational gaps, and improving compliance maturity.
Ensure documentation reflects regulatory expectations and internal risk frameworks.
TPRM & Vendor Risk Management Responsibilities
Support third-party risk lifecycle management:
Vendor onboarding
Risk assessment
Due diligence
Monitoring
Control reviews
Issue remediation
Ensure alignment with
Insurance outsourcing regulations
IRDAI expectations
Data privacy requirements
Internal risk management frameworks
Reporting & Stakeholder Communication
Prepare executive dashboards, governance reports, and project updates.
Track remediation progress and communicate status to leadership.
Support APAC governance reporting requirements.
Coordinate with APAC teams (Australia/Singapore) for governance cadence and reporting.
Mandatory Experience & Skills
Mandatory
8+ years of experience in:
Insurance Risk Management - - Property and causaulity Insurance .
