Consultant - Regulatory Compliance - Financial Services - Mumbai

EY; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Benefits offered by this job

Flexible working arrangements

Travel opportunities

Job summary

EY India is seeking a risk advisory professional to support client engagements in governance, risk & compliance (GRC), internal audits, process reviews, SOPs, enterprise risk management and revenue assurance.

The role requires 2–6 years post-qualification experience in regulatory compliance within banks/financial institutions, travel ~50%, and a valid passport. Strong communication and client relationship skills are essential for success at EY.

Qualifications

• CA, CIA or MBA required.
• 2–6 years post-qualification experience in regulatory compliance role with a bank/financial institution.
• Willingness to travel 50% of the time and hold a valid passport.

Responsibilities

• Execute client engagements in governance, risk & compliance (GRC), internal audits, process reviews, SOPs, enterprise risk management and revenue assurance.
• Prepare MIS for senior management and advisory support to business units.
• Prepare regulatory compliance checklists and track regulatory interactions.
• Engage with stakeholders to ensure adherence to timelines and deliver high-quality work.
• Develop status updates and client decks for engagements and risks.

Skills

Regulatory compliance

Client relationship management

Project management

Communication skills

Education

Chartered Accountant

Certified Internal Auditor

MBA

Job description

The objective of our advisory risk services is to provide clients with a candid and reliable overview of their risk landscape. Our solutions can be used by our clients to build confidence and trust with their customers, the overall market and when required by regulation or contract. You will be responsible for executing client related engagements in the areas of governance, risk & compliance (GRC), internal audits, process reviews, standard operating procedures, enterprise risk management, revenue assurance.

Your Key Responsibilities

• Experience working with a Bank / Financial Institution’s Regulatory Compliance department with knowledge of interpreting regulations/circulars/laws as received from regulatory bodies
• Preparing MIS for senior management and providing advisory support to business units
• Preparing regulatory compliance checklists, tracking/logging regulatory interactions
• Awareness of Regulatory Compliance requirements
• Proactively engage with multiple stakeholders to ensure adherence with defined timelines
• Support the engagement team by developing status update presentations and decks for the client on a periodic basis.
• Determine that the work delivered is of high quality.
• Anticipate and identify engagement related risks and elevate issues as appropriate
• Actively establish client (process owner/functional heads) and internal relationship
• Demonstrate an application & solution-based approach to problem solving technique.

Skills And Attributes For Success

• Determine that the work delivered is of high quality.
• Anticipate and identify engagement related risks and elevate issues as appropriate.
• Actively establish client (process owner/functional heads) and internal relationships.
• Assist and share knowledge with team members, Seniors and Managers in developing new methodologies and internal initiatives and participate in performing procedures especially focusing on complex, judgmental and/or specialized issues. Work with the team and the client to create plans for accomplishing engagement objectives and a strategy that complies with professional standards and advise clients to understand and manage their business risks and verify the validity of their business information
• Brief the engagement team on the client's IA environment and industry IA trends. Maintain relationships with client management to manage expectations of service, including work products, timing, and deliverables. Demonstrate a thorough understanding of compliance, financial, and operational risks along with performing internal control testing, develop internal audit plans, and provide internal audit services on an outsourcing basis. Assess internal controls and SOX framework in order to mitigate risk and apply it to client situations
• Bring and utilize extensive knowledge of the client's business/industry to identify technological developments and evaluate impacts on the client's business. Demonstrate excellent project management skills, inspire teamwork and responsibility with engagement team members, and use current technology/tools to enhance the effectiveness of deliverables and services.
• Understand EY and its service lines and actively assess what the firm can deliver to serve clients.

To qualify for the role you must have

• Chartered Accountant / Certified Internal Auditor or have a Master’s degree in Business Administration
• 2-6 year of post-qualification experience working in regulatory compliance role with a Bank / Financial Institution’s.
• We would expect for you to be available to travel outside of their assigned office location at least 50% of the time, plus commute within the region (where public transportation often is not available).
• A valid passport is required.

Ideally, you’ll also have

• Good communication skills

What We Look For

We’re looking for passionate leaders with strong vision and a desire to stay on top of trends in the risk industry. If you have a genuine passion for helping businesses achieve their full potential, this role is for you.

What Working At EY Offers

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.