Regulatory Compliance Consultant

EY; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

EY in Mumbai is seeking a Consultant in Regulatory Compliance within Financial Services to support governance, risk and compliance engagements across banks and financial institutions. The role focuses on advisory risk services and ensuring client confidence through robust regulatory alignment.

You will assist in MIS preparation, regulatory checklists, and logging regulatory interactions, while coordinating with stakeholders to meet timelines.

Qualifications

• Chartered Accountant / Certified Internal Auditor or MBA is required.
• 2-6 years post-qualification experience in regulatory compliance for Banks/Financial Institutions.
• Willing to travel outside of the assigned location at least 50% of the time.
• A valid passport is required.

Responsibilities

• Experience with a Bank / Financial Institutions Regulatory Compliance department with knowledge of regulations, circulars, and laws.
• Prepare MIS for senior management and provide advisory support to business units.
• Create regulatory compliance checklists and track regulatory interactions.
• Maintain awareness of regulatory compliance requirements and timelines.
• Engage with stakeholders to ensure adherence to defined timelines.
• Develop status update presentations for clients periodically.
• Ensure high quality of work delivered to clients and stakeholders.
• Identify engagement risks and elevate issues appropriately.
• Establish relationships with client process owners and internal teams.
• Apply problem-solving approaches and leverage EY methodologies to advise clients.

Skills

Regulatory compliance

Internal audits

Client relationship management

Project management

Risk assessment

Education

CA / CIA or MBA

Job description

Consultant - Regulatory Compliance - Financial Services - Mumbai

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.

Responsibilities

• Experience working with a Bank / Financial Institutions 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

• 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.

Qualifications

• Chartered Accountant / Certified Internal Auditor or have a Masters degree in Business Administration


• 2-6 year of post-qualification experience working in regulatory compliance role with a Bank / Financial Institutions.


• 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

Were 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.