Risk and Compliance Specialist

8113 ASOL- Bangalore 7 SEZ Company; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Job summary

Accenture is seeking a Risk & Compliance Specialist to manage 1LOD risk programs, control assessments, and remediation actions within retirement, record keeping and wealth management domains. You will collaborate with risk teams and stakeholders to ensure effective control testing and reporting across the lifecycle.

The role requires a strong background in risk management principles, excellent analytical skills, and the ability to coordinate across auditors, clients, and internal teams.

Qualifications

• Bachelor's Degree in Accounting, Business Administration, Finance or equivalent.
• Minimum of 3 years of experience in risk management, including designing and implementing risk management programs.
• Strong understanding of risk management principles, methodologies, and tools.
• Excellent analytical and communication skills; ability to convey complex concepts.

Responsibilities

• Coordinate 1LOD risk program and control assessments, including remediation actions.
• Assist in auditor representation letter preparation for controls executed by Operations.
• Support control testing questions and documentation with Business & Control Owners.
• Coordinate remediation plans for exceptions and non-satisfactory findings.
• Support incident, risk and regulatory reporting and audit activities.

Skills

Microsoft Excel

Risk management

Communication skills

Organized and detail-oriented

Analytical and problem-solving

Flexible hours

Education

Bachelor's Degree in Accounting/Finance/Business

Tools

Microsoft Office Suite

Risk management software

Job description

Skill required: Risk & Compliance - Insurance Risk Management Designation: Risk and Compliance Specialist Qualifications:Any Graduation Years of Experience:7 to 11 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?

Risk Programs Specialist will be responsible for Managing 1LOD process and control assessments; including issues and remediation actions; Supporting collaboration with other 1LOD teams and risk team across Issue and Management Action Plan lifecycle. This role requires a thorough understanding of risk management principles as well as fundamental knowledge on Retirement, Record Keeping and Wealth management industry

Key Responsibilities

• Assist in coordination of the generation of the auditor representation letter annually for inclusion of controls executed by Operations teams
• Coordinate response to Business & Control Owner questions regarding control testing and documentation
• Support engagement with Business & Control Owner testing activities, coordinate SME availability, and manage requests for information
• Support engagement with stakeholders on control gap remediation planning and implementations
• Coordinate development of remediation plans for any exceptions, qualifications or non-satisfactory findings and incorporate into overarching remediation plan

Enterprise Remediations

• Supports critical risk functions and elevate operational errors through the defined escalation channels
• Coordinate root-cause analysis and work with
• Lead remediation activities in coordination with stakeholders, perform lost earning calculations, and review distribution of remediation payments
• Participate in remediation meetings, track remediation status, and report on status updates

Incident/Loss Management & Reporting

• Identify incidents that occur within outsourced processes
• Consolidated incident summaries in coordination with Business Process and Control Owners
• Coordinate the development and implementation of Management Action Plans and participate in client incident meetings
• Participate in required business forums and provide inputs and access to SMEs

Information Security and Privacy

• Coordinate reporting of suspected breaches, privacy violations, and information security events within required timelines
• Support coordination of required research, resolution, and communication of Information Security and Privacy events
• Ensure compliance with required Information Security and Privacy policies and contract terms

Internal and External Audits, Reg Exams and Reg Reporting

• Support coordination of internal resources, as required to address regulatory items
• Support aggregation of data and documentation requests within required timelines

Issue Management & Reporting

• Support development of Issue and Management Action Plans in accordance with defined requirements, including submitting into Risk Management system of record
• Support implementation of Management Action Plans as set forth in the applicable policies and requirements within the agreed upon timelines
• Coordinate identification, reporting and escalation of Issues with respect to services and supporting applications
• Coordinate aggregation of data or supplemental information required to perform issue validation on the services and supporting applications and submit in risk management system of record for validation in accordance with applicable policies

Process & Control Reviews

• Provide input on process mapping as part of sprint execution
• Serve as a subject matter advisor on control strength assessments and prioritization/implementation of control gaps
• Identify and elevate high risk processes and control gaps in services and supporting applications

Roles and Responsibilities

Here s What You Will Need:

• Bachelor's Degree in Accounting, Business Administration, Finance or equivalent. Equivalent degree only accepted if experience is relevant.
• Minimum of 3 years of experience in risk management, including designing and implementing risk management programs.
• Strong understanding of risk management principles, methodologies, and tools, including risk assessment techniques, risk modeling, and scenario analysis.
• Excellent analytical skills with the ability to assess complex situations, identify root causes, and develop practical solutions.
• Exceptional communication skills, both written and verbal, with the ability to effectively communicate complex concepts to diverse audiences.
• Highly organized and detail-oriented, with the ability to manage multiple priorities and deadlines in a fast-paced environment.
• Proficiency in risk management software and tools, as well as Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).

Professional Skills Requirements

• Strong Microsoft Excel skills
• Strong process-related skills
• Organized and detail-oriented
• Proven analytical and problem-solving abilities
• Willingness to work flexible hours, as necessary, to meet monthly and quarterly deliverable deadlines and to provide extended-hour customer service support.

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. Visit us at www.accenture.com

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