Sr Consultant- Risk Consulting - Control Testing - FS

EY; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

EY in Bengaluru/Bangalore is seeking a Senior Consultant in Risk Consulting focused on Control Testing for FS. You will serve as a liaison with 2LoD, governance forums, regulators, and stakeholders, delivering risk insights and supporting remediation across third-party engagements and internal controls.

The role involves testing of controls, evaluating risk management frameworks, and contributing to assurance activities.

Qualifications

• 8-15 years of experience in Banking, Financial Services, Risk Management, Compliance, or Third Party Risk Management.
• Experience with global financial institutions, regulatory bodies, or consulting firms.
• Strong understanding of risk management frameworks, governance processes, and regulatory expectations.

Responsibilities

• Act as a liaison with stakeholders including 2LoD, governance bodies, and third-party stakeholders.
• Support governance forums and provide risk insights to senior management.
• Influence remediation and control enhancements across the organization.
• Perform third-party risk management regulatory compliance activities.
• Execute risk controls testing and support audits and assurance improvements.

Skills

Risk management

Stakeholder management

Regulatory knowledge

Control testing

Job description

Job Summary

The opportunity: Senior Consultant - Risk Consulting - Control Testing - FS - Bangalore/Hyderabad

Responsibilities

• Act as a key liaison with a broad spectrum of stakeholders, including:
  • Second Line of Defence (2LoD)
  • Group Operations Executives and Regional Forums
  • Business Risk Control Management (BRCM)
  • Risk Management Meetings (RMM)
  • Procurement stakeholders
  • Third Party Relationship Owners (TPROs)
  • Third Party Engagement Managers (TPEMs)
  • Risk Domains and Risk Stewards
  • Internal Audit, External Auditors, and Regulatory Authorities
• Support governance forums and provide risk insights to senior management.
• Influence stakeholders to drive control enhancements and remediation activities.

Third Party Risk Management Regulatory Compliance

• Assess and monitor third-party risk management frameworks and controls.
• Ensure adherence to internal policies, regulatory requirements, and industry best practices.
• Perform control evaluations across onboarding, monitoring, and ongoing oversight processes.
• Support regulatory reviews, audits, and risk assessments related to third-party engagements.
• Drive remediation plans and ensure timely closure of identified control gaps.

Risk Controls Testing

• Execute preventive and detective control testing across trading and operational processes.
• Review surveillance controls and alerts to ensure compliance with applicable regulatory requirements.
• Conduct root-cause analysis on control failures and coordinate remediation plans.
• Develop and maintain Risk Control Matrices (RCMs), process documentation, and test scripts.
• Execute User Acceptance Testing (UAT) for control enhancements, system implementations, and process changes.

Audit, Assurance Continuous Improvement

• Support internal and external audit activities.
• Evaluate the effectiveness of risk management and control frameworks.
• Produce management reports highlighting risk themes, trends, and emerging issues.
• Drive process improvements, automation opportunities, and control optimization initiatives.
• Contribute to the enhancement of governance, monitoring, and reporting capabilities.

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.

Requirements

• 8-15 years of experience in Banking, Financial Services, Risk Management, Product Control, Compliance, Operational Risk, or Third Party Risk Management.
• Experience working within global financial institutions, regulatory bodies, or consulting organizations.
• Strong understanding of risk management frameworks, governance processes, and regulatory expectations.
• Prior experience interacting with Internal Audit, Compliance, and Regulatory stakeholders.