Skill required: Risk & Compliance - Insurance Risk Management Designation: Risk and Compliance Associate Manager Qualifications:Any Graduation Years of Experience:7-8 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com What would you do? You will be aligned with our Risk and Compliance vertical and help us perform compliance reviews, publish reports with actions and provide closure guidance as needed. We design & recommend effective controls to mitigate risks and help service delivery team prepare for upcoming client / external audits. Performance, Risk and Quality professionals will lead and collaborate with service delivery and interlock functions to manage risk in service delivery to an acceptable level. Increase the level of awareness and compliance with policy and process-related matters. Manage various certification programs and apply lessons learned from matters requiring interventions. Risk & Compliance involves identifying, assessing, and managing risks to ensure an organization adheres to laws and regulations. This role includes developing risk management strategies, conducting compliance audits, and implementing policies to mitigate risks. It also involves monitoring regulatory changes and ensuring the organization remains compliant. The goal is to protect the organization from legal and financial risks while maintaining ethical standards.Insurance Risk Management is the assessment and quantification of the likelihood and financial impact of events that may occur in the customers world that require settlement by the insurer, and the ability to spread the risk of these events occurring across other insurance underwriters in the market.
Own the risk assessment and control testing execution in key business areas.
Manage following risk programs in collaboration with Operations Team
o Regulatory change management o Policy compliance o Incident Management o Support on BCDR program
Provide support to Operations Team on Audits covered by risk programs (internal and external)
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What are we looking for? • Bachelor’s Degree in Accounting, Business Administration, Finance or equivalent. Equivalent degree only accepted if experience is relevant.
Work Experience: 7-8+ Years of Experience
Risk and Controls testing expertise and experience
SOC/ICFR testing expertise and experience
Business process mapping and design experience
Strong process-related skills
Organized and detail-oriented
Strong Excel Skills with experience in manipulating large sets of data in Excel
Should have worked in Risk and Compliance process / Framework for at least 5 years in the recent past
Experience in business controls testing and process assessments
Experience in SOC and IT General Control
Ability to analyze and evaluate the observations based on controls, operations, risk model and performance
Proven analytical and problem-solving abilities
Willingness to work flexible hours, as necessary, to meet monthly and quarterly deliverable deadlines
Knowledge of financial services and wealth management processes (e.g., money movement)
Experience with money movement processes
Experience with control automation
Strong stakeholder management
Excellent written and oral communication skills, interpersonal and presentation skills to effectively interact throughout the company
High attention to detail.
Ability to work independently and manage a team of testers to drive work to completion
Roles and Responsibilities: •Manage following tasks in the Risk & Controls Program
Oversight & People Management
o Provide oversight, review work, and coach Business Controls Testers o Design and deliver training to build tester capability o Coordinate tester activities, data needs, and access requirements
Control Testing & Execution
o Execute testing of prioritized controls aligned to the control testing plan o Complete control test scripts and gather, document, and evaluate evidence o Assess and conclude on Design and Operating Effectiveness of controls o Ensure consistent quality standards in control testing and documentation
Risk Assessment & Test Planning
o Lead risk assessments and develop risk-based test plans o Identify high-risk processes and control gaps based on residual risk and performance metrics o Prepare planning memos and Risk Control Matrix (RCM) documentation
Control Design & Improvement
o Assist control owners in identifying inherent risks and key controls o Design, update, and enhance control test scripts o Provide input into control gap remediation design and execution o Validate and approve remediation actions for effectiveness and compliance
Stakeholder & Client Management
o Serve as primary point of contact for clients and key stakeholders o Manage discussions to align on risks, test plans, and mitigation strategies o Coordinate with process and control owners for walkthroughs, data access, and sampling
Issue Management & Reporting
o Identify, report, and escalate control gaps and issues to business and program leadership o Ensure action plans are raised for ineffective controls o Prepare and deliver accurate, timely compliance and audit reports
Audit & Compliance Support
o Participate in risk-based internal audits, external audits, and vendor management reviews o Ensure compliance with organizational standards and audit requirements
Tools, Systems & Communications
o Build working knowledge of relevant tools and systems o Manage communications to support timely execution (reminders, calendars, lessons learned)
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