Full-Time
Enterprise Risk Management
Associate Manager
WTW
10,001+ employees
Global risk management, insurance brokerage, consulting
No salary listed
Mumbai, Maharashtra, India
In Person
On-site role in Mumbai; no remote work.
Bachelor's
 Finance & Banking (1) |
|---|
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- Proactive rather than reactive
- Team player with good interpersonal and influencing skills
- Excellent Stakeholder management & confidence to work with senior leaders of various geographies
- Organised and methodical
- IT literacy – Advanced MS Office (essential); Power BI, Power Apps & GRC tool (required)
- AI literacy – Prompt writing & Copilot (required)
- Ability to work under pressure to tight timelines and without direct supervision
- Keen eye for details
- Excellent analytical & problem-solving skills
- Strong communication skills, both verbal and written
- Good interpersonal skills
- Commercial awareness – a commercial and pragmatic approach to manage risks
- Prior Risk Management experience required of minimum 2 years (understand and implementation of the Risk framework)
- Prior Compliance/Audit/Quality/Project Management experience would be an added advantage
- Good regulatory and corporate governance knowledge/understanding required
- Bachelor’s degree in any stream
- Institute of Risk Management (IRM) Level 1 or equivalent Risk Certification will be an added advantage
- 3-5 years of experience in insurance / financial services / Global Capability Centers, with at least 2 years of experience in risk management; independently managing business reviews / reporting forums with good understanding of Risk Management frameworks
- Ongoing review of the risk registers for all units and assess controls and future mitigation plans
- Lead the various risk forums to discuss the risks for the Country, Segment & Line of Business
- Govern the Enterprise Risk Management Framework and ensure adherence, timely re-visit to ensure alignment with Group and thereafter application to various Geographies
- Work towards the shaping and adherence to the Risk Appetite of the organisation and ensure alignment with Group
- Liaising with Group Risk team to highlight India Centre and/or Geography risks and assessments
- Regularly assess the changes in the market / industry / economic / political environment and understand their impact on the organisation. Share this with the Risk Champions at various Geographies and with the Group Risk team
- Ongoing reporting on various risks to the Business and Function Leaders of different Geographies
- Monitor incidents and severity assessment - assist in analysing identified incidents and work with the concerned Business unit on corrective action plans, to avoid similar incidents that may have a financial, regulatory and/or operational risk to the Organisation
- Work with Global Risk team on Business and Enterprise Risk Management projects at functional and organisation level
- Work with Global Risk team on New Product Process thereby owning end to end responsibility of follow-up for documentation, scheduling of review meetings and seeking appropriate approvals
- Discuss promptly with the Business unit Manager any compliance or regulatory risks arising in the unit; report the issue in the appropriate log/ database; and agree the corrective action to be taken including responsibility, timelines and review date
- Provide guidance and advice to relevant internal stakeholders and assist them with the interpretation and implementation of policies and framework requirements to ensure the management of their risks is as per the Group policies, controls and standards
- Develop a risk plan which reflects the risk profile of that Business unit; undertake own sampling and conduct reviews, where appropriate; monitor and report progress against the plan; to be covered as part of Risk Owner Engagement Meeting and Enterprise Risk Management and Business Synergy Meeting
- Deliver basic and advanced risk training to Risk Champions, as per their requirements
- Engage in Business Review meetings (If any), and share ideas on improvement and any best practice sharing that would help minimise the risk
- Work with Risk Champions to spread awareness in their respective units on risks reported via Risk Read Across and Risk, Issue & Event Reporting initiatives
- Establish good rapport and coordination with Global Enterprise Risk Management team by supporting and working closely on various Business and Enterprise Risk Management projects assigned to you
- Establish reporting around Risk Acceptance, Risk Exception etc.
- Assist with regulatory issues
- Identify all laws/regulations that are applicable to various geographies in collaboration with Compliance Business Partners and/or Legal
- Maintain forward looking approach for all global changes, link outside changes with existing processes & impact thereon
- Provide regular updates to Global Risk Team on the monthly and quarterly engagements with the Business and summarise the outcomes with the responsibilities of individuals. Updates to cover: Actions taken to manage all the risks, Serious or persistent issues, Results of monitoring activity, including sampling, Regulatory / Economical / Political developments and issues, Other relevant matters
- Discuss all legal and regulatory risks with Global Risk team and report in the appropriate database/log/tool at Enterprise level
- Attend Business Executive meetings, which would have discussion on transitions, process improvements, material changes, way forward etc.
- Liaise with and assist the Compliance & Internal Controls System Monitoring team members to help understand the risks within the organisation and the timely reporting of them too, including any policy non-adherence
- Create own quarterly action plans to deliver the annual goals and objectives agreed with the Manager and Global Risk team; report on own progress
- Maintain positive relationships with Business and Function Heads and all other colleagues to assist the interface between risk and the operations
- Foster close relationships with Global Risk team and other stakeholders, including Group Legal, Group Risk, Group Compliance and Group Internal Audit
- With Enterprise Risk Management team and stakeholders at India Centre, and ones travelling to India Centre
- With the Group Risk team to represent India Centre
- Action Oriented
- Stakeholder management and comfort around senior leaders/managers
- Conflict Management
- Organising and Prioritising
- Presentation Skills
- Analytical skills
- Attention to detail
- Proactive rather than reactive
- Team player with good interpersonal and influencing skills
- Excellent Stakeholder management & confidence to work with senior leaders of various geographies
- Organised and methodical
- IT literacy – Advanced MS Office (essential); Power BI, Power Apps & GRC tool (required)
- AI literacy – Prompt writing & Copilot (required)
- Ability to work under pressure to tight timelines and without direct supervision
- Keen eye for details
- Excellent analytical & problem-solving skills
- Strong communication skills, both verbal and written
- Good interpersonal skills
- Commercial awareness – a commercial and pragmatic approach to manage risks
- Prior Risk Management experience required of minimum 2 years (understand and implementation of the Risk framework)
- Prior Compliance/Audit/Quality/Project Management experience would be an added advantage
- Good regulatory and corporate governance knowledge/understanding required
- Bachelor’s degree in any stream
- Institute of Risk Management (IRM) Level 1 or equivalent Risk Certification will be an added advantage
- 3-5 years of experience in insurance / financial services / Global Capability Centers, with at least 2 years of experience in risk management; independently managing business reviews / reporting forums with good understanding of Risk Management frameworks
Willis Towers Watson helps organizations manage risk and people programs by offering advisory, brokerage, and technology-based solutions. It operates in two segments: Risk & Broking, which identifies, quantifies, and places insurance coverage for clients from small businesses to large corporations; and Health, Wealth & Career, which provides consulting, technology, and administration services for health benefits, retirement plans, and talent management. The company differentiates itself by combining advisory services, technology platforms, and brokerage capabilities under one umbrella to deliver integrated risk management and people solutions globally. Its goal is to turn risk into a path for growth by aligning risk management with health, retirement, and talent strategies to support organizational success.
Company Size
10,001+
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1828
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Simplify's Take
What believers are saying
- WTW reported July 30, 2026 revenue of $2.47 billion and 5% organic growth.
- WTW’s board raised buybacks by $1.5 billion on July 30, 2026.
- WTW’s Newfront acquisition, completed January 27, 2026, expands U.S. broking scale.
What critics are saying
- WTW said July 30, 2026 Propel will cause headcount reductions and $625 million costs.
- WTW sued Howden US on May 19, 2026, signaling intensifying broker poaching wars.
- Propel’s 2028 savings target depends on automation execution; failure traps margin expansion and talent retention.
What makes WTW unique
- WTW’s July 2026 Propel plan blends AI automation with broker and consulting workflows.
- WTW’s July 23, 2026 TechWolf partnership deepens skills and workforce transformation advisory.
- WTW’s Willis unit builds niche parametric products for reefs, floods, and PJM revenue.
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Company News
Norman joins Gallagher Re as Divisional Director within its Facultative team. Gallagher Re, a global reinsurance brokerage and advisory firm, has announced the appointment of Jenna Norman as Divisional Director, Fac. Norman brings extensive expertise in Facultative property broking, specialising in Facultative property broking, working extensively on complex property reinsurance placements for both UK and US clients. Her expertise includes structuring and placing reinsurance solutions for large property risks, with a focus on delivering effective outcomes for clients through market insight and collaboration. In her new role, she will leverage her deep market insights and strong industry relationships to drive tailored client solutions. Norman is joining Gallagher Re from WTW, where she most recently served as Reinsurance Broker within the London Market Retro team. Prior to that, she spent a year working at Besso, a re/insurance broker now part of The Ardonagh Group.
SEI, WTW Partner on Private Assets in CITs. WTW chose SEI's investment vehicles to deliver retirement solutions that invest in both public and private assets. Reported by SEI Investments Co. and WTW Investments, a division of WTW, announced a partnership to develop private market funds available through collective investment trusts. WTW will provide investment and operational due diligence, as well as research support for private market strategies used in retirement-focused CITs and evergreen solutions, according to the announcement. According to Christy Loop, WTW's head of U.S. wealth and strategic initiatives, WTW selected SEI Trust Co., SEI's trustee division, to deliver certain WTW retirement investment funds, including public and private markets, through CIT structures. The firms will also collaborate on the design of "new products and structures intended to deliver private market strategies through DC plans," according to the announcement. "New product development is centered on delivering diversifying investment exposures in a format that is purpose-built for the defined contribution market, given the operational, platform and administrative requirements necessary for successful implementation," Loop wrote in an email to PLANADVISER. "The key challenge and opportunity lies in harmonizing investment strategy, product structure and the unique needs of DC plans." The use of CITs as investment vehicles in 401(k) plans has grown significantly in recent years. As of 2023, CITs held 34% of assets inside 401(k) plans with at least 100 participants, according to the Investment Company Institute. By the end of 2025, CITs represented 54% of total target-date assets, having first surpassed mutual funds as the dominant vehicle in 2024, according to a Morningstar report published in March.
Willis executes "Dynamic Cat-in-Circle" parametric policy for Caribbean coral reef. Willis, a business of insurance and reinsurance broker WTW, and the Caribbean Biodiversity Fund (CBF) have launched a market-first "Dynamic Cat-in-Circle" parametric insurance policy to protect Caribbean coral reefs. Designed by Willis' Alternative Risk Transfer Solutions team, the structure reduces "near miss" events present in traditional Cat-in-Circle policies, where payouts trigger only if a hurricane's eye enters a fixed boundary. Instead, the dynamic model scales the insured area based on the storm's size and radius of maximum winds, ensuring payouts trigger whenever a reef suffers peak wind impacts, with funding of up to US$150,000 per event released for rapid emergency response. Designed in place for the 2026-2027 Atlantic hurricane season, the pilot policy encompasses 1,800 km^2 of coral reefs across the Dominican Republic, Jamaica, St. Lucia, and St. Vincent and the Grenadines. According to the announcement, insurance capacity for the policy is set to be provided by Liberty Mutual, with technical assistance and co-financing support from the InsuResilience Solutions Fund (ISF). Coral reefs in the Caribbean are amongst the most ecologically and economically significant ecosystems in the region. However, despite their critical importance, reef ecosystems continue to face increasing threats, including damaging hurricanes. As mentioned, the parametric policy introduces a "Dynamic Cat-in-Circle" structure that considerably reduces "near miss" hurricane events present in traditional Cat-in-Circle policies. "In a traditional structure, a fixed area is defined around an insured location, with payouts triggered if the hurricane eye enters that fixed area. A "near miss" occurs when the storm narrowly misses that fixed area, resulting in no payout despite impacts," Willis and the CBF explained. Adding: "The "Dynamic Cat-in-Circle" solution instead adjusts the insured area based on the hurricane's size, using the radius of maximum winds (the distance from the eye to peak winds). This creates a variable, storm-specific insured area. As a result, if the insured location is hit by the hurricane's strongest winds, a payout will be made. Additional concentric circles with lower payouts further align cover with a hurricane's wind footprint." Kaniescka Yogeswaran, Manager, Alternative Risk Transfer Solutions, Willis, commented: "Helping to design the first 'Dynamic Cat-in-Circle' parametric policy for coral reefs in the Caribbean has been a rewarding challenge. With climate change-related natural hazards increasing in scale and frequency, this type of ground-breaking solution enables the rapid deployment of resources to help repair critical ecosystems and restore services following a major event like a hurricane." Karen McDonald Gayle, CEO of the Caribbean Biodiversity Fund, said: "The Caribbean Biodiversity Fund is thrilled to pilot this world-first coral reef insurance policy. In the Caribbean, the health of our coastlines and communities is directly tied to the health of the coral reefs surrounding our islands. By investing in nature, our insurance and finance partners are demonstrating its value as a critical natural, cultural and economic resource." Following the Mesoamerican Reef Fund's (MAR Fund's) successful application of parametric insurance to manage hurricane risk to the Mesoamerican Reef, which was also designed by Willis and co-financed by ISF, the CBF has partnered with Willis, MAR Fund, and four Caribbean National Conservation Trust Funds (NCTFs) to pilot the programme. Since payouts are triggered by independently verifiable hurricane parameters instead of damage assessments, funds can be rapidly disbursed during the critical period for effective reef response. Importantly, Willis and CBF also explained that this parametric policy aims to ensure that funding reaches its intended destination promptly. Quick clean-ups, coral stabilisation, and restoration after a damaging event has occurred, have demonstrated positive effects on coral survival and recovery, thus enhancing reef health. "The aim of this year's pilot is to demonstrate that parametric insurance can be effectively applied to support reef conservation in the Caribbean island context. Accordingly, current coverage is modest with a US$1,000,000 policy limit across the four participating countries, which is limited relative to the scale of hurricane risk faced by Caribbean reefs. Premiums for this financial protection are being co-funded by ISF, with a longer-term premium financing strategy to be developed during the project," both firms noted. "The ultimate ambition is a validated, scalable, and sustainable financing model to close the funding gap after hurricane damage to all Caribbean reefs, protecting the coastal communities, fisheries, and tourism economies that depend on them across the region," Willis and CBF added. Charlotte Belin, Senior Underwriter at Liberty Mutual, said: "Liberty is proud to provide the insurance capacity for this pioneering programme and to support a solution that recognises the vital role coral reefs play in the resilience of Caribbean communities and economies. We hope this pilot will demonstrate how insurers can work alongside conservation and finance partners to develop scalable protection for natural assets." Dr. Annette Detken, Head of InsuResilience Solutions Fund (ISF), added: "Healthy coral reefs are essential for protecting livelihoods, supporting biodiversity and strengthening the resilience of coastal communities across the Caribbean. This partnership demonstrates how innovative risk financing can help safeguard natural capital by ensuring funding is available immediately after disasters strike. At ISF, we are proud to support solutions that strengthen resilience while protecting ecosystems that communities and local economies depend on." All of its Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online. Its Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
Ageas Re unveils regional restructuring, appoints APAC lead underwriter to head international, specialty business. Brussels-headquartered reinsurer Ageas Re has unveiled "a new, more client-focused organisation", effective from September 1, to further optimise client proximity and accessibility to its services, ac... To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. * Cirilo Cabesas joins AIG as senior claims executive * August 5 He joins the US insurer in Singapore following a long stint at Crawford. * Ruixiang Liu joins WTW as trade credit sales leader for Asean region * August 5 He spent the last two years at Coface as senior commercial manager. * Tysers Singapore appoints Prantika Sengupta as director for marine claims, client relations * August 4 She is responsible for enhancing the firm's claims offering, working under chairman of claims Chris Sydenham to support clients across the marine portfolio. * Australian broker Cowden names Charlotte Lau national head of operations * August 4 She has over two decades of experience in roles with QBE, Crawford and Sedgwick. Partner Content * Beazley | Clean marine: How aqua-innovators can ride the energy wave Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models. * PartnerRe | Dementia the protection gap insurers can no longer ignore Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients. * Sedgwick | Investing in people is shaping the future of loss adjusting in Asia Sedgwick Asia says it is ready to meet the evolving challenges of Asia's dynamic insurance markets. * PartnerRe | Understanding ageing in APAC: why perception, planning and protection don't always align Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
Steve Hutchinson 'passes the reins' with Bruce Tsoi named WTW's Hong Kong head of P&C. WTW has appointed Bruce Tsoi as head of property and casualty for Hong Kong, according to a LinkedIn post by Steve Hutchinson, head of corporate risk and broking for Hong Kong and Macau. Tsoi (picture... To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. * Gallagher Re taps Guy Carpenter veteran Luc Morement as APAC fac head * August 3 He was also previously head of Guy Carpenter's facultative business in the region from 2008 until 2024. * Gurudutt Joglekar replaces Jon Longmore as Chubb's Malaysia head * August 3 Longmore 'will be taking on a new role within Chubb, with details to be announced shortly'. * Price Forbes' Akihisa Hirata joins Howden as head of construction for Japan * August 3 He spent five months with Price Forbes as a director for their Japan practice, based in Singapore. * Chantel Pountney joins Sompo as senior property underwriter after career break * August 3 She was formerly with US insurer Everest in Melbourne until March. Partner Content * Beazley | Clean marine: How aqua-innovators can ride the energy wave Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models. * PartnerRe | Dementia the protection gap insurers can no longer ignore Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients. * Sedgwick | Investing in people is shaping the future of loss adjusting in Asia Sedgwick Asia says it is ready to meet the evolving challenges of Asia's dynamic insurance markets. * PartnerRe | Understanding ageing in APAC: why perception, planning and protection don't always align Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.