At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
We are seeking a motivated and detail-oriented Risk & Compliance Intern to join our Risk and Compliance team. This internship provides hands-on exposure to Enterprise Risk & Return Management , internal controls, compliance monitoring, and governance practices within a dynamic professional services environment.The intern will support risk assessments, control reviews, reporting, and continuous improvement initiatives while working closely with stakeholders across various business functions.
Key Responsibilities
Risk Management
- Assist in identifying, assessing, documenting, and monitoring operational, compliance, financial, and strategic risks.
- Support the maintenance of risk registers, issue logs, action trackers, and mitigation plans.
- Participate in risk assessments and control self-assessment activities.
- Analyze risk data and prepare reports, dashboards, and management presentations.
- Research emerging risks, industry best practices, and regulatory developments.
- Support the implementation and monitoring of risk mitigation initiatives.
Governance & Compliance
- Support policy and procedure reviews and updates.
- Assist with compliance monitoring activities and governance reporting.
- Participate in process improvement and control enhancement initiatives.
- Support control testing and monitoring activities to help ensure adherence to established policies and procedures.
- Collaborate with cross-functional teams to gather, analyze, and validate information.
- Assist in tracking remediation actions and supporting risk governance forums and reporting.
Qualifications
- Strong analytical and problem-solving skills.
- Excellent communication and presentation skills.
- Proficiency in Microsoft Excel, PowerPoint, and Word.
- Strong attention to detail and organizational skills.
Preferred
- Understanding of Enterprise Risk Management (ERM), Governance, Risk & Compliance (GRC), Internal Controls.
- Familiarity with reporting and visualization tools such as Power BI.
- Knowledge of risk assessment methodologies and control frameworks.
- Relevant coursework or certifications related to Risk Management, Compliance, Governance, or Business Controls.
Key Competencies
- Analytical Thinking
- Risk Awareness
- Attention to Detail
- Data Analysis
- Problem Solving
- Communication Skills
- Stakeholder Management
- Collaboration
- Learning Agility
- Professional Integrity
What You'll Gain
- Exposure to Enterprise Risk Management and Compliance practices.
- Experience in risk assessments, control reviews, and governance reporting.
- Opportunity to work on risk, compliance, and business process improvement initiatives.
- Development of analytical, reporting, and stakeholder management skills.
- Mentorship from experienced Risk and Compliance professionals.
Location---Bangalore/Pune
Experience--Freshers
Duration of the Role- 6 Months
Primary Skills
Shift Time
Recruiter Info
Sunita M[email protected]About Allstate
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.
The Allstate Corporation is one of the largest publicly held insurance providers in the United States. Ranked No. 84 in the 2023 Fortune 500 list of the largest United States corporations by total revenue, The Allstate Corporation owns and operates 18 companies in the United States, Canada, Northern Ireland, and India. Allstate India Private Limited, also known as Allstate India, is a subsidiary of The Allstate Corporation. The India talent center was set up in 2012 and operates under the corporation's Good Hands promise. As it innovates operations and technology, Allstate India has evolved beyond its technology functions to be the critical strategic business services arm of the corporation. With offices in Bengaluru and Pune, the company offers expertise to the parent organization’s business areas including technology and innovation, accounting and imaging services, policy administration, transformation solution design and support services, transformation of property liability service design, global operations and integration, and training and transition.
Learn more about Allstate India here.
Skills Required
- Strong analytical and problem-solving skills
- Excellent communication and presentation skills
- Proficiency in Microsoft Excel, PowerPoint, and Word
- Strong attention to detail and organizational skills
- Understanding of Enterprise Risk Management, Governance Risk and Compliance, or Internal Controls
- Familiarity with reporting and visualization tools such as Power BI
- Knowledge of risk assessment methodologies and control frameworks
- Relevant coursework or certifications in Risk Management, Compliance, Governance, or Business Controls
Allstate Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Allstate and has not been reviewed or approved by Allstate.
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Retirement Support — Retirement programs include a 401(k) match and a company-funded pension, often highlighted as standout advantages. Additional financial-planning resources reinforce long-term savings support.
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Leave & Time Off Breadth — Paid time off starts at a substantial level alongside company holidays, offering meaningful rest from the outset. Policies are presented as a core part of the package, supporting work-life balance.
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Parental & Family Support — Paid parental leave is provided, with additional short-term disability for birth mothers, extending family support beyond standard PTO. These benefits are positioned as notable strengths for eligible employees.
Allstate Insights
What We Do
At Allstate, we're advocates for peace of mind and a good life. And that comes through in everything we do. From building diverse and innovative teams that truly understand our customers' needs, to challenging each other to develop our careers in a meaningful way, and finally to the incredible results we're able to achieve together. See how we’re creating a better future through innovation, advocacy, and empowering people and communities
