Operational Risk Lead Consultant

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

The Operational Risk Lead Consultant is responsible for establishing and maintaining enterprise wide ORRM standards and supporting tools. This role has deep insights across business /functional areas to challenge and report. The Operational Risk framework consists of tools, standards, and risk processes through which ORRM directs and assists MFBs/AORs to identify and assess risk, mitigate risk in accordance with appetite and analyze and understand the risk environment overall.

Key Responsibilities

• Develops the strategy of the enterprise’s risk management program.

• Influences and manages risk, including: monitoring, reporting, and an escalation structure to optimize risk and return.

• Performs operational risk assessments with business units.

• In-depth knowledge of operational risk management and its impact on the enterprise.

• Leads the implementation of the ORRM framework to optimize enterprise risk and return management strategy.

• Accountable to escalate and report significant issues.

• Responsible for effective independent challenge of first line risk management activities, thematic reviews and ‘deep dives’.

• Integrates information and data to form hypotheses and assumptions of future impact.

• Reviews, researches, interprets, and analyzes operational risk data to identify trends, emerging risks, and issues.

• Communicates to leadership, this may include presenting information to the Operational Risk Council and Enterprise Risk and Return Council.

Education

• 4 year Bachelors Degree (Preferred)

Experience

• 5 or more years of experience (Preferred)

Supervisory Responsibilities

• This job does not have supervisory duties.

Education & Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Primary Skills

Data Analysis, Operation Risk Management, Risk Assessments, Risk Management, Strategy Execution

Shift Time

General Shift (India)

Recruiter Info

Hiral Parag Rughani

[email protected]

About Allstate

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.

The Allstate Corporation is one of the largest publicly held insurance providers in the United States. Ranked No. 84 in the 2023 Fortune 500 list of the largest United States corporations by total revenue, The Allstate Corporation owns and operates 18 companies in the United States, Canada, Northern Ireland, and India. Allstate India Private Limited, also known as Allstate India, is a subsidiary of The Allstate Corporation. The India talent center was set up in 2012 and operates under the corporation's Good Hands promise. As it innovates operations and technology, Allstate India has evolved beyond its technology functions to be the critical strategic business services arm of the corporation. With offices in Bengaluru and Pune, the company offers expertise to the parent organization’s business areas including technology and innovation, accounting and imaging services, policy administration, transformation solution design and support services, transformation of property liability service design, global operations and integration, and training and transition.

Learn more about Allstate India here.