Director – Insurance Process & Compliance Expert (Enterprise Risk Consulting)

Understand the Insurance industry trends to identify areas for improvement in the client's upstream and downstream business processes - like claims, underwriting, re-insurance, premiums & billing, reserving, policy administration and regulatory reporting, and propose recommendations accordingly.

Identify the key challenges faced by Insurance firms & the evolving risk landscape within the Insurance industry and develop tailored solution offerings (leveraging digital) to meet their specific needs, e.g. RegTech solutions for compliance monitoring

Understand the regulatory compliance requirements for insurance firms in US (NAIC, Dodd-Frank, state regulations) and Europe (FCA, PRA, Lloyds market regulations, Consumer Duty, GDPR and Data Privacy), and develop strategies to ensure full adherence to these standards.

Understand compliance reporting requirements, including Solvency II (UK), IFRS 17, and NAIC statutory reporting (US) for insurers.

Implement risk control measures, manage audits, and support governance frameworks to maintain regulatory compliance and mitigate operational risks for clients.

Engage with the Sales Leaders in Account Planning discussions for mining the existing accounts or identifying opportunities in new accounts.

About Company

Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.