Risk and Compliance Associate Manager

About The Role 
Skill required: Risk Compliance - Risk Management


Designation: Risk and Compliance Associate Manager


Qualifications:Any Graduation


Years of Experience:10 to 14 years

Technology and Operations services, and Accenture Song” all powered by the world's largest network of Advanced Technology and Intelligent Operations centers.


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 reportingBehavioral 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 PC) 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:oPolicy issuance and underwritingoPremium processing and reconciliationsoClaims adjudication and payoutsoCustomer onboarding and servicingoData 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.

QualificationAny Graduation