Reports to: Head of Risk & Compliance, Nepal

Job Summary:

The position is responsible for operationalizing all aspects of the risk management in MetLife Nepal. The person will work closely with head of risk & compliance to implement the Enterprise Risk Management Framework and global/local policies, including supporting Risk Management  related activities within the organization, which includes challenging and advising businesses of their responses to mitigate cross-functional and company-wide operational risk, analysing and reporting risk profile to management and committees, executing and reviewing company-wide risk assessment programs, improving risk framework and processes, and enhancing company-wide risk culture.

Principal Accountabilities of Position:

• Support head of risk management to ensure global and local risk policies/framework and operating models are appropriately localized and implemented. It includes appropriate risk limit setting and institutionalizing Risk Appetite Statement for the Country
• Develop and maintain country risk reporting / dashboard; timely communication / escalation of risk events, issues, and compliance with risk policies and limits to key stakeholders in the country and in the region
• Work closely with Investment, Actuarial, Finance, and Product team to manage financial risks that covers credit, interest rate, liquidity, insurance and product 
• Managing Key Risk Indicator (KRI) monitoring program and company-wide Risk & Control Self-Assessment, which includes the review and analysis of assessment results, and documentation in system
• Challenging and advising businesses' risk mitigating responses to ensure actions are thorough and fixes real issues / root causes across the organization
• Maintaining, enhancing loss event data collection process and database; Analysing internal and external loss event data with the objective to present / provide trend value-add analysis of losses from operational incidents within the organization
• Arranging and providing training and awareness programs on risk management framework and process including risk culture and mindset
• Preparing and reporting in risk management committees and Support Risk Management Committee in carrying out its responsibilities
• Implementing non-financial risk initiatives locally by working with business and control function partners
• Assist in implementing Economic Capital (EC), Liquidity stress testing and Assets Liability Mismatch (ALM) project for the Country as relevant
• Partner with the Business to ensure that the Business Operation meets all applicable regulatory & Company requirements in relation to effective risk governance and management
• Partner with Audit, Compliance, IT Risk, Operations and business unit control agenda owners to coordinate testing and self-assessment activities