AM – RISK REVIEW & CONTROL TESTING

Human Capital HR Solutions is recruiting on behalf of a prominent organization in the insurance sector for the position of Assistant Manager – Risk Review & Control Testing. This role is based in Karachi and falls within the Risk Management department. The successful candidate will play a critical role in evaluating and enhancing the effectiveness of risk controls through comprehensive reviews and testing, ensuring the organization’s risk framework remains robust and compliant.

Key Responsibilities
The Assistant Manager will conduct risk-based reviews of processes, policies, procedures, and risk registers to assess the effectiveness of controls. They will develop annual control testing plans based on risk and criticality tiers. Designing test scripts and executing control testing to identify any control breaches or gaps is a core function of this role. The individual will identify control weaknesses and collaborate with process owners to implement appropriate remediation and control improvements. Supporting Risk Champions in updating issues, treatment plans, and risk registers will also be required.

This role serves as the primary liaison between business units and support functions for risk reviews, ensuring smooth coordination. The Assistant Manager will prepare management reports, dashboards, and periodic presentations on control testing outcomes and key findings. Escalation of significant control breaches, findings, or delays to relevant management is essential. Maintaining working papers, control evidence, and risk and controls documentation will be part of daily responsibilities. Additionally, the role involves promoting risk awareness, knowledge sharing, and fostering effective cross-functional risk management practices.

Required Qualifications
Candidates should hold a Bachelor’s or Master’s degree in Risk Management, Finance, Accounting, Business Administration, or a related field. Relevant professional certifications such as CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), CRMA (Certification in Risk Management Assurance), ACCA, CA, or their equivalents will be considered advantageous. Experience in Risk Management, Internal Audit, Control Testing, Compliance, or Process Reviews is essential, preferably within the insurance or financial services sector.

A strong understanding of risk-based control testing methodologies, risk registers, control design, gap analysis, and remediation processes is required. The candidate must demonstrate excellent analytical skills, along with proficiency in reporting, documentation, and stakeholder management.

Preferred Qualifications and Benefits
While not explicitly stated, holding professional certifications and prior experience in the insurance or financial services industry will enhance a candidate’s suitability for this role. The position offers the opportunity to work in a dynamic environment focused on risk management excellence, with direct involvement in shaping and improving control frameworks.

This role requires in-person attendance at the Karachi office.

Only shortlisted candidates will be contacted for further steps in the recruitment process.