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Nu Advisory Partners

Core Engineering - Product Data Engineering - Software Engineer - Vice President - Bengaluru

Goldman Sachs

Goldman Sachs

Software Engineering, Product, Data Science
Bengaluru, Karnataka, India
Posted on Thursday, June 6, 2024

Job Description

The Corporate Insurance & Advisory function (Corporate Insurance) at Goldman Sachs is responsible for managing property, casualty, and management liability insurance needs of the Firm and its various investing businesses. Primary responsibilities include procurement, management, and administration of the firm’s insurance programs. Additional responsibilities include Insurance diligence and advisory across the firm’s investing business and mapping operational risk to insurance solutions. The team is seeking an experienced Risk Manager with subject matter expertise across broad corporate management liability product lines, property , casualty insurances. Product familiarity should include but not limited to Directors and Officers (D&O), Professional Liability, Employer Practices Liability, Fiduciary, Cyber Liability, Property, Casualty and Marine insurances.

Candidate should have a strong acumen in insurance and/or risk management to assist in identifying, and executing on the firm’s insurance strategy. Ability to demonstrate advance insurance knowledge applicable across firm’s global financial and advisory business, including across real estate, and commodities activities.


  • Develop, implement, and manage comprehensive insurance program for the firm’s operations
  • Oversight and administration of insurance programs. Participate in annual renewal process including, but not limited to review of underwriting data, portfolio structural analysis, catastrophic modeling, carrier discussions, review of quotations and approval of premium allocation schedules
  • Collection and analysis of underwriting information, placement of appropriate coverages, review of binders, endorsements, and premium invoices.
  • Identify and quantifying exposures, recommend and deliver insurance solutions.
  • Ensure accuracy of terms and conditions and adequacy of insurance. Negotiate with insurers in conjunction with brokers.
  • Ensure firm’s insurance contractual and regulatory obligations and regulatory requirements are met.
  • Conduct insurance diligence reviews consisting of contractual reviews, insurance adequacy reviews
  • Experience with global insurance program structures; local regulations requirements and restrictions
  • Experience with risk and catastrophic risk modeling analysis
  • Collaborate with the global operational risk team to evaluate the firm’s operational risks and new activities to work through hypothetical claims scenarios and expected insurance response
  • Monitor litigation landscape and external claim trends to work with the broader insurance team and brokers to advise on policy contract enhancements
  • Manage insurance budgeting and forecasting of insurance premiums, broker fees and costs.
  • Complete insurance allocations/insurance budgets and coordinate global invoicing.
  • Ability to collaborate with internal teams, stakeholders, firm leadership, and external partners
  • Experience with Risk Management Information System; Riskonnect or Risk console products a plus
  • Communicate effectively with internal stakeholders to ensure alignment of business and risk strategies are aligned.
  • Lead department projects and initiatives


  • 15 years+ of experience in (e.g. in house risk management team, broker or insurance company)
  • Bachelor’s degree required, CPCU, ARM designation a plus
  • Global financial institution / asset management firm experience preferred
  • Strategic thinker willing to challenge the status quo and think creatively about insurance products
  • Strong interpersonal skills, including ability to collaborate with and influence colleagues and external insurance stakeholders
  • Excellent verbal and written communication skills, including ability to present to senior stakeholders with impact and influence
  • Insurance captive experience
  • Ability to periodically travel
  • Ability to lead and influence outcomes
  • Enthusiastic, intellectually curious and desire to understand the different areas of the firm
  • Ability to work in a fast-paced dynamic environment, with a strong delivery focus