Manager - Risk Consulting - Internal Audit- Insurance- Mumbai/ Delhi

EY; Delhi; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

EY Consulting in India seeks a Manager for Risk Consulting - Internal Audit in Insurance. You will lead internal audit engagements, assess control effectiveness and contribute to financial reporting improvements for insurance clients and asset managers.

The role emphasizes SOX/ICFR mastery, enterprise risk, and delivering high-quality outcomes within budget and timelines, while aligning with EY’s quality standards and client service expectations.

Qualifications

• Chartered Accountant/ CIA/ CFA required.
• Manager with 5+ years in Internal Audit/ Financial reporting in Insurance.
• Experience with SOX/ ICFR and enterprise risk management.

Responsibilities

• Execute end-to-end internal audits from planning to reporting for insurance companies or asset managers.
• Review financial reporting processes and assist in budgeting and variance analysis.
• Identify risk areas and deliver actionable recommendations to client management.
• Prepare audit work programs, test controls, and document findings clearly.
• Support business development through proposals and client conversations.
• Ensure compliance with EY quality and risk management policies.

Skills

Internal Audit

Financial reporting

SOX/ICFR

Education

Chartered Accountant

CIA

CFA

Job description

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. At EY, we don't just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

Manager - Risk Consulting - Internal Audit- Insurance- Mumbai/ Delhi

Finance fuels our lives. Banking, Insurance and Wealth management, create the foundations for growth, prosperity and peace of mind. No other Industry touches so many people or shapes so many lives.

Amid sweeping regulatory change, today’s financial services institutions are focusing on digital transformation, convergence and disruption from an array of nontraditional competitors — all while meeting greater demands for trust and transparency.

To address this delicate balance of issues, our competent team of business strategists, technologists and industry leaders bring fresh thinking and sector knowledge across banking and capital markets, insurance, and wealth and asset management. The results are seamless collaboration, innovative problem solving, breakthrough performance gains and sustainable value creation.

We recruit, train and nurture a diverse set of people who dedicate their minds to building the future of financial services. Together, we explore new perspectives with innovative and entrepreneurial thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.

CNS - Risk - Process & Controls :

EY Consulting is building a better working world by transforming businesses through the power of people, technology and innovation. Our client-centric approach focuses on driving long‑term value for our clients by solving their most strategic problems. EY Consulting is made up of three sub‑service lines: Business Consulting (including Performance Improvement and Risk Consulting), Technology Consulting and People Advisory Services.

We help our clients in identifying and managing the interplay between upside and downside risk in order to make the long‑term decisions to prevent risk and impact on their organization’s ability to meet its future business strategy and objectives. The 3 key fields of play are :

Enterprise Risk - helps clients identify and address key risk areas, while building the agility to respond quickly. The areas of focus include Enterprise risk and resilience, Internal audit, Compliance and Internal controls

Technology Risk - helps clients to achieve sustainable growth by supporting their efforts to protect their business performance and by providing trusted communications on internal control and regulatory compliance to investors, management, regulators, customers and other stakeholders. EY teams accomplish this by assessing the technology risks that are introduced to businesses.

Financial Services Risk - helps clients in the financial sector to identify, manage and monitor the risks in their business. It is done through a transformative and agile approach including process and procedures, risk, data modeling and analytics, reporting to stakeholders and third parties, business requirements (for software selection and IT implementation), analysis of assets and liabilities, and capital and liquidity management.

Your Key Responsibilities

Technical Excellence

• The current role requires executing financial planning and analysis, internal audit and other risk consulting engagements for insurance companies and/or asset managers and/or reviewing close reporting process for insurance companies. As part of the role, the candidate is expected to:
• Perform end-to-end internal audits from planning to reporting including process understanding, walkthroughs, preparation of risk and control matrix / audit work program, control testing to assess their design and operating effectiveness, preparation of audit report and agreeing issues/ actions with management.
• Have thorough knowledge and understanding of Internal Audit and SOX/ ICFR methodology and IIA requirements.
• Have a detailed understanding of: ? End to end financial reporting process including reviewing balance sheet, profit and loss and financial closure process, performing ? Financial planning and budgeting, building scenario‑based planning models across business functions and detailed variance analysis ? Preparation of management reports, providing insights on revenue drivers, cost trends etc. ? Working closely with various business functions to understand operational levers and financial impact. ? Intercompany adjustments/reconciliations and consolidation of financial statements.
• Have an in‑depth understanding of the asset management industry risks/ issues / trends and end‑to‑end investment process (front, mid and back office processes) for all asset classes including fixed income, equities, derivatives, real estate, private equity/ hedge funds and alternatives.
• Deliver / manage engagements to time, cost and high quality.
• Identify key areas of improvement in the client’s business processes and add value by preparing insightful recommendations.
• Contribute to business development activities such as preparing proposals, lead identification
• Always comply with the firm’s quality and risk management policies

Skills And Attributes

To qualify for the role you must have

Qualification

• Chartered Accountant/ CIA/ CFA

Experience

• Manager 5+ years experience in Internal Audit/ Financial reporting within Insurance sector

What We Look For

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful, and able to sustain positive energy, while being adaptable and creative in their approach.

What We Offer

Fuelled by the brilliance of our people, EY has emerged as the strongest brand and the most attractive employer in our field, with market‑leading growth over competitors. Our people work side‑by‑side with market‑leading entrepreneurs, game‑changers, disruptors, and visionaries. As an organization, we are investing more time, technology, and money than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills, and opportunities.

EY is equally committed to being an inclusive employer, and we strive to achieve the right balance for our people—enabling us to deliver excellent client service while allowing our people to build their careers as well as focus on their wellbeing.