Skill required: Risk & Compliance - Insurance Risk Management

Designation: Risk and Compliance Specialist

Qualifications:Any Graduation

Years of Experience:7 to 11 years

About Accenture

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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: 1LOD Control Testing and Documentation

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 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 What are we looking for 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 escalate 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.