Accenture India | Risk and Compliance Specialist

Key responsibilities

• 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
• 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 escalate 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.
• 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 escalate high risk processes and control gaps in services and supporting applications

Requirements

• 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.
• Proficiency in risk management software and tools, as well as Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Proven analytical and problem-solving abilities.
• Strong Microsoft Excel skills

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