EY India | Senior Consultant - Business Consulting Risk - Internal Audit - Wealth and Asset Management - Mumbai

Responsibilities

• Assess the design and operating effectiveness of controls across investment operations, portfolio management, custody, transfer agency, client onboarding, regulatory reporting, and supporting business processes.
• Perform risk and control assessments to identify control gaps, emerging risks, improvement opportunities, and control enhancement initiatives.
• Plan, coordinate, and execute control monitoring and testing programs across assigned products, processes, and value chains.
• Conduct process walkthroughs with business stakeholders and control owners to evaluate end-to-end processes, key risks, and control frameworks.
• Review and formalize Risk Control Self-Assessment outcomes in collaboration with accountable Control Owners and business stakeholders.
• Partner with first-line business teams, control owners, and second-line risk and compliance teams to strengthen control ownership and drive sustainable remediation.
• Monitor and validate corrective action plans, ensuring timely closure of audit observations and regulatory findings.
• Support regulatory and thematic reviews, ensuring audit coverage remains aligned with evolving regulatory expectations and industry best practices.
• Collaborate with regional and global audit teams to deliver consistent and seamless audit coverage across Asset & Wealth Management businesses.
• Ensure audits are executed in accordance with internal audit methodology, professional standards, and applicable regulatory requirements.
• Lead and execute Internal Audit engagements across Asset & Wealth Management functions, including risk assessment, audit planning, fieldwork, control testing, audit documentation, report drafting, issue tracking, and validation of remediation activities.
• Translate audit observations and testing results into clear, concise, and risk-focused recommendations for senior management.

Skills and attributes

• Chartered Accountant (CA), Certified Internal Auditor (CIA), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or equivalent professional qualification.
• 4-7 years of experience in Internal Audit, Risk Management, Controls Testing, or Governance functions within the financial services industry.
• Professional certifications in Asset and wealth management activities, Internal Audit, Risk Management, Compliance, Operational Risk, Controls Testing, or Data Analytics. (Preferrable).
• Prior experience with a Big Four consulting firm and/or Internal Audit function within a banking, asset management, or wealth management institution.
• Strong understanding of Asset & Wealth Management business processes, including investment management, portfolio management, custody, transfer agency, asset servicing, client onboarding, and investment operations.
• Experience performing risk and control assessments, control testing, operating effectiveness reviews, and issue validation activities.
• Sound understanding of governance frameworks, audit standards, documentation requirements, and evidence-based testing methodologies.
• Experience working with business stakeholders, control owners, compliance teams, and risk management functions.
• Ability to communicate complex risk and control issues effectively to senior stakeholders and management.
• Strong analytical, problem-solving, and report-writing capabilities.
• Knowledge of regulatory expectations impacting Asset & Wealth Management firms and investment service providers.
• Experience leveraging data analytics, dashboards, automated testing solutions, and monitoring tools to drive risk insights and control assessments.
• Strong planning, organizational, and project management skills with the ability to manage multiple auditing activities simultaneously.

EY (Ernst & Young)

EY is one of the Big Four professional services networks, providing assurance, tax, consulting and strategy-and-transactions services. The network in its present form came from the 1989 merger of Ernst & Whinney and Arthur Young.

In India, EY member firms and EY Global Delivery Services employ large finance teams. Typical openings for chartered accountants and finance professionals are in financial accounting advisory (FAAS), audit, tax, risk and transaction services.

• Industry: Assurance, tax, consulting and transactions (Big Four)
• Headquarters: London, UK
• In India: EY member firms and EY Global Delivery Services centres in several Indian cities