Accenture India | Risk and Compliance Associate Manager

Roles and responsibilities

• 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.
• This role includes developing risk management strategies, conducting compliance audits, and implementing policies to mitigate risks.
• 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.
• 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.
• Ensure compliance with applicable US insurance regulatory requirements, internal governance standards, and client mandated controls.
• Support compliance activities related to AML, fraud prevention, consumer protection, and data governance, as applicable.
• 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.
• Identify opportunities for process improvement, control standardization, and automation.
• Support enterprise initiatives related to operational resilience, risk governance, and quality uplift.
• Follow an agile approach that builds risk management into scrum roles, artifacts, and events and helps in continuous project delivery.
• Escalate material risks, control failures, or regulatory concerns in a timely and professional manner.

What are we looking for?

• 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.
• Clear, concise, and professional communication skills.
• Ability to work effectively with auditors, compliance teams, and business stakeholders.
• Strong ownership, execution focus, and time management.
• Prior experience supporting US Insurance (Life, Annuities, Retirement Services, or P&C) strongly preferred.

Accenture

Accenture is a global professional services company working in strategy and consulting, technology, operations and digital transformation. It took its current name in 2001 after separating from Arthur Andersen, where it began as Andersen Consulting.

India is one of Accenture's largest talent bases. Finance professionals there mostly work in finance and accounting operations for global clients: record-to-report, procure-to-pay, order-to-cash, financial planning and analysis, and related advisory work.

• Industry: Professional services and IT
• Headquarters: Dublin, Ireland
• In India: Delivery centres in Bengaluru, Hyderabad, Pune, Mumbai, Chennai, Gurugram and other cities