Risk and Compliance Associate Manager

Accenture; Gurugram District; On-site; INR 1,600,000 - 2,100,000; Full time

Job summary

Accenture is seeking a Risk and Compliance Associate Manager to embed risk ownership and control discipline within US insurance operations. This role focuses on regulatory alignment, internal controls, and proactive risk mitigation within the First Line of Defense framework.

The ideal candidate will have 8+ years in risk/compliance, strong analytical skills, and experience with US insurance standards, controls testing, and governance.

Qualifications

• Experience with US insurance regulation and client governance.
• 8+ years in Risk, Compliance, Internal Audit, or Control Assurance.
• Graduate / Post Graduate in Commerce, Finance, Accounting, Risk Management or related fields.
• CA Inter / CPA / MBA / Equivalent qualification preferred.

Responsibilities

• Execute risk and control assessments, walkthroughs, and self testing across insurance operations supporting the US market.
• Perform Test of Design (ToD) and Test of Operating Effectiveness (ToE) for key controls.
• Prepare audit working papers, control narratives, and management responses.
• Draft risk observations and provide dashboards for senior management and client stakeholders.

Skills

Insurance operations

First Line risk management

Audit testing

Regulatory awareness

Communication

Education

Any Graduation

Tools

MS Excel

MS Word

PowerPoint

Job description

Skill required:

Risk & Compliance - Risk Management

Designation:

Risk and Compliance Associate Manager

Qualifications:

Any Graduation

Years of Experience:

10 to 14 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?

The 1st Line Audit / Risk & Compliance role is responsible for embedding risk ownership and control discipline within US insurance business operations. The role ensures day to day processes comply with US regulatory requirements, internal control standards, client policies, and contractual obligations, while proactively identifying, assessing, and mitigating operational, compliance, and conduct risks as part of the First Line of Defense (1LoD) framework. 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. Anticipate, plan for, and react to risks and issues to the project, including categorizing their severity, taking into account the likelihood of occurrence, mitigation & contingency planning. Follow an agile approach that builds risk management into scrum roles, artifacts, and events and helps in continuous project delivery.

What are we looking for?

Technical / Functional Skills

• Strong understanding of Insurance Operations and First Line risk management
• Experience with internal controls, RCMs, audit testing, and issue remediation
• Familiarity with US insurance regulatory environment and client governance expectations
• Proficiency in MS Excel, Word, and PowerPoint for analysis and reporting

Behavioral & Professional Skills

• Strong analytical and problem solving capability
• High attention to detail and documentation discipline
• Clear, concise, and professional communication skills
• Ability to work effectively with auditors, compliance teams, and business stakeholders
• Strong ownership, execution focus, and time management
• Graduate / Post Graduate in Commerce, Finance, Accounting, Risk Management, or related fields
• CA Inter / CPA / MBA / Equivalent qualification preferred
• 8+ years of experience in Risk, Compliance, Internal Audit, or Control Assurance
• Prior experience supporting US Insurance (Life, Annuities, Retirement Services, or P&C) strongly preferred

Roles and Responsibilities

First Line Risk & Control Execution

• Execute risk and control assessments, walkthroughs, and self testing across insurance operations supporting the US market.
• Perform Test of Design (ToD) and Test of Operating Effectiveness (ToE) for key controls embedded within business processes.
• Identify, assess, and document risks (High / Medium / Low) based on impact, likelihood, and regulatory exposure.
• Ensure adherence to approved policies, procedures, underwriting guidelines, and operational SOPs.

Audit & Assurance Support

• Support internal audits, SOX testing (where applicable), regulatory exams, and client audits by coordinating walkthroughs, evidence, and responses.
• Maintain and update audit issue and action plan trackers, ensuring timely remediation and validation.
• Prepare audit working papers, control narratives, and management responses.
• Conduct follow up reviews to validate effectiveness of corrective actions and prevent repeat findings.

Regulatory & Compliance (US Insurance Focus)

• Ensure compliance with applicable US insurance regulatory requirements, internal governance standards, and client mandated controls.
• Perform periodic checks across key insurance processes, including:
  • Policy issuance and underwriting
  • Premium processing and reconciliations
  • Claims adjudication and payouts
  • Customer onboarding and servicing
  • Data privacy and customer information handling
• Support compliance activities related to AML, fraud prevention, consumer protection, and data governance, as applicable.

Risk Reporting & Documentation

• Draft clear, objective, and well structured risk observations, control gaps, and root cause analyses.
• Prepare risk summaries, dashboards, and thematic insights for senior management and client stakeholders.
• Escalate material risks, control failures, or regulatory concerns in a timely and professional manner.

Governance & Continuous Improvement

• Identify opportunities for process improvement, control standardization, and automation.
• Support enterprise initiatives related to operational resilience, risk governance, and quality uplift.
• Promote a strong risk culture and reinforce accountability within business teams.

Any Graduation

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities.

We believe that no one should be discriminated against because of their differences.All employment decisions shall be made without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, military veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by applicable law.Our rich diversity makes us more innovative, more competitive, and more creative, which helps us better serve our clients and our communities.

Accenture is a global professional services company that drives innovation and transformation in businesses through technology, cloud, data, and artificial intelligence solutions.

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