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Senior, Internal Audit (Financial Services)



Accounting & Finance
Bengaluru, Karnataka, India · Reykjavík, Iceland
Posted on Sunday, June 9, 2024

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

Job Role: Senior Consultant

The opportunity:

This is a client-facing role in a rapidly growing practice, where you’ll build client relationships with key stakeholders, including management executives for some of the most globally recognized brands. It makes this the perfect place to gain a deeper understanding of complex businesses transactions, all the while recommending solutions to some of the most pressing business challenges and process inefficiencies. You'll also team with our performance improvement professionals in multidisciplinary engagements, helping major global clients transform and sustain business performance. By plugging into our market-leading global network, you'll gain the experience you need to become an exceptional Risk Advisor.

Our clients look for EY’s expertise across the advisory solutions and specifically for engagements related to RCSA, Process compliance, Controls Testing and reviews, developing Standard Operating Procedure manuals and Risk reporting.

What to expect:

There really is no average day in this role, since every client will have multi-faceted challenges and a distinct business environment. What it means is that you’ll have an opportunity to learn and adapt to our clients’ cultures and contribute towards developing unique solutions that are tailored to individual engagements. Whichever industry or client you’re working with, you’ll have plenty of opportunities to expand your business network and transform yourself into a truly global professional.

Your key responsibilities:

Client Management

  • Understand the client’s business & related industry issues/trends
  • Develop strong working relationships with client and onshore client teams
  • Maintain excellent rapport and proactive communication with the client

Market Leadership

  • Participate and support business development initiatives
  • Support the practice in developing thought leadership content and other innovation initiatives from time to time.

Primary Responsibilities

  • RCSA
    • Review narratives, flowcharts, and risk control matrix to validate it accurately describes the processes and related controls.
    • Coordinate, participate, and document walkthroughs to capture the end-to-end details from initiation to conclusion of controls. Interview the business owners to obtain the necessary information to complete the walkthrough. Verify the risks are being mitigated, the control is designed appropriately, and the control is operating as designed (Design Effectiveness evaluation) and to mitigate the related risk. Identify gaps where controls may be needed. Communicate issues to Client Control Owners/ Business Risk Officers (BRO).
    • Utilize operational risk metrics and reporting, business and risk acumen, and business line and/or client’s enterprise/corporate function priorities to provide a holistic independent view of risks and effectively challenge Operational Risk-related decisions
    • Review the current process maps, policies and procedures and suggest changes to incorporate identified risks and control
    • Manage the risk and control self-assessment of client’s assigned department or functional area in established/required timeline. Determine scope of review in conjunction with client’s 1LOD Controls function
    • Actively participate in and/or host meetings with business line as well as client’s enterprise/support functions to advise on changes, updates, or recent events related to the RCSA.
    • Actively support in preparation and presentation of assessment reports to senior management, risk committees, and the board detailing findings and recommendations.
    • Attend client meetings and reflect updates in the requisite process maps, RCM inventory, test scripts, and other relevant documents
    • Maintain and update client’s process, risk and controls library based on RCSA and Control Testing activities
    • Perform quality reviews of RCSA assessments to ensure consistency and accuracy.
    • Assist with periodic status reporting.
    • Lead or participate in RCSA-related adhoc and/or special projects, such as tool implementation, risk data aggregation, and reporting enhancements.
  • Control Testing
    • Coordinate and complete control testing for the Operating Effectiveness evaluation. Testing includes, obtaining populations and validating the completeness and accuracy, making samples selections based on sampling methodology, and performing appropriate testing steps to confirm the control is operating as designed and related data is complete and accurate. At the direction of your supervisor, create new test steps and make updates to existing steps to confirm effective and efficient testing procedures. Work with the business closely to complete testing based on scheduled due dates. Identify issues or ineffective controls and communicate them to your Control Owners/ Business Risk Officers (BRO)
    • Document results, gather evidence, and identify exceptions
    • Communicate verbally/in writing the test findings to senior management and draft comprehensive and complete testing templates, update results in client system of record.
    • Communicate testing findings to management and identify opportunities for improvement in the design and effectiveness of key controls.
    • Document updates to relevant procedures, templates, and style guides based on control testing results
  • Quality Control
    • Meet quality guidelines within the established turnaround time (or allotted budget) for assigned request
    • Deal with workload without compromising standards
    • Support a knowledge management culture within the Professional Services Organization
    • Mentor and coach junior team members, enabling them to meet their performance goals and successfully grow their careers.

Operational Excellence

  • Ensure compliance with risk management strategies, plans and activities of the firms
  • Manage the engagement budgets and support supervisors in developing marketing material, business proposals and new solution / methodology development
  • Supporting the engagement manager in planning and scheduling optimum staff levels for engagements.

To qualify you must have:

  • Minimum 2-6 years of experience of serving in a similar role, Big 4 experience preferred
  • Graduated in Accounting/Business from reputed university
  • CPA/ACCA/MBA Finance / Chartered Accountancy (India)
  • CIA or other similar certifications preferred
  • Proficient in MS-Office Suite, understanding of data analytics tools.
  • Proficient in Process modelling tools (Visio, IBM Blueworks etc.)
  • Working knowledge of SAP, Archer or other leading GRC platforms
  • Globally mobile and flexible to travel to onsite locations
  • Technical experience in Finance, Operations or Regulatory Compliance
  • Strong Oral & Written Communication Skills, ability to articulate discussions
  • Problem solving skills and ability to multitask is essential
  • Team player with strong interpersonal skills
  • Ability to prioritize deliverables effectively in order to achieve optimum results.

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