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PROJECT NAME: BPO Risk and Compliance
POSITION TITLE: Regulatory Compliance | Licensing
WORK SETUP: Hybrid

OVERALL PURPOSE:
• Oversight of Third- Party Administrator licenses primarily focused on the US TPA licenses and offshore regulated entities servicing insurance clients.
• Management and maintenance of license filing, renewals and keeping all licenses on central database
• Review any changes in law

RESPONSIBILITIES:
Accenture Insurance Services Licensing Role
Compliance License Management
• Oversight of Third- Party Administrator licenses primarily focused on the US TPA licenses and offshore regulated entities servicing insurance clients. Candidate will be working with Global Compliance and Service delivery partners involved with insurance intermediary licenses and with Global licenses Manager for Legal Regulatory team. Licensing oversight will no doubt expand globally and through the US as insurance engagements continue to increase in size. Note that the licenses involved here may also relate to finance & accounting or other areas of scope under the deal.
• Management and maintenance of license filing, renewals and keeping all licenses on central database. This will involve a great deal of data collection from internal business partners and clients as TPA filings require financial information from clients as well as Accenture business entities. Work directly with regulators as deemed necessary as licenses must be filed within regulatory timelines and requirements and deadlines vary by jurisdictions.
• Understanding scope of businesses impacted by licenses.
• Review any changes in law and the impact on license applications and renewals.
• Reporting of License maintenance internally using existing platforms.
• Working with external counsel to ensure all necessary licenses are obtained, filings are completed timely and legal changes are monitored.
• Working directly with Legal and the Compliance team to validate compliance with all regulatory requirements.

Regulatory Reporting and Compliance
• Accenture as an insurance provider needs to provide appropriate reports both internally and externally.
• The regulatory reporting on obligations is a necessity under several licensing regimes. We must hold meetings with respective internal and external stakeholders, manage risk, assist with audits, monitor complaints or anything else required by local legislative frameworks. We would then need to report on such obligations internally and externally.
• Constant communication with services leads to ensure that they are delivering services in accordance with compliance license requirements, documenting those requirements and helping with compliance programs with the rest of the Compliance Team.


OTHERS:
Project Shift Schedule: Rotation Shift
Project Rest Day: Weekends Off
Project/Team Location: Taguig, Uptown Bonifacio Tower 3

SKILL AND QUALIFICATIONS:
• At least 3 years of regulatory and (licensing or risk management)
• Understanding of sophisticated licensing and reporting issues
• Experience handling licensing and compliance issues
• Superior organizational skills and ability to work independently
• Excellent communication skills, experience working remotely yet part of a team
• Superior skills with MS Tools PowerPoint, Word, Excel and Teams
• Ability and willingness to work flexible hours with global partners.

#LI-PH

About Accenture

Accenture is a leading global professional services company that helps the world’s leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 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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