This role requires the candidate to execute globally defined processes built in accordance with the EY Global (EYG) Independence policies aimed towards safeguarding EY as an Independent auditor. These services are provided to EY country practices across globe enabling them to take decisions on new client acceptances and/or continuances.
The Opportunity
- Risk Management Services (RMS) is an internal function within EY GDS (Global Delivery services), responsible for protecting the organization from the risks that may arise from its professional practice.
- We work closely with all parts of the organization to identify and manage risks, providing coordinated advice and assistance on suite of services like Independence, Conflicts, Compliance, regulatory, policy and security issues as we'll as dealing with claims and queries regarding ethics.
- Formed in 2007, the RMS team is growing rapidly as a Center of Excellence for all standardized quality/compliance related activities. This role will be part of the largest sub-service functions, ie, Independence within Risk Management Services (RMS) responsible for assisting client-serving teams in maintaining EY s Independence for its existing and prospective audit/non-audit clients.
- Auditor Independence is a regulatory requirement that aims to create an arm s length distance between the Accounting Firm, its client serving employees and EY s audit clients. This is done to ensure that that EY Member Practices and their professionals should be (in fact) and should appear to be (in appearance) free from interests that might be regarded as being incompatible with objectivity, integrity, and impartiality of the audit.
- RMS Independence team is currently 950+ people strong, operating from 3 countries and 5 centre s India (Gurugram, Kochi, Bengaluru), Poland (Wroclaw), Philippines (Manila). The team is closely integrated with Global Independence and has been involved in development of key Independence processes.
- The role offers opportunities to work in a dynamic, growth-focused environment, with an objective of protecting EY s reputation as an independent auditor, by providing support on niche profiles to EY member firm practices. It also involves close collaboration with global teams and stakeholders to strengthen the compliance framework and foster a mindset of continuous improvement and client enablement.
Key
- An associate analyst in the team will be primarily responsible to develop working knowledge of firm level Independence concepts.
- The individual will be performing work procedures as laid down in the EYG Independence policies along with attaining hands-on experience in research/analysis and making updates post review by project managers to various EY tools and databases, thereby helping client serving/audit teams in mitigating independence-related risk.
- In this role, candidate will be required to perform a review of submissions of documents/ requests from client serving teams to evaluate completeness, accuracy, of requests raised and perform reconciliation, research and analysis of information with various EY Independence and finance tools to update these systems with accurate information.
- The individual will be required to communicate with project managers and team members from audit/pursuit teams to perform follow ups for responses and completion of procedures.
Technical expertise
- Build good understanding and ability to interpret client s company structure, applicability of different entity attributes and relationships in accordance with audit client and affiliate definition as per EYG Independence policy.
- Develop understanding of ownership flow between funds and its investments as part of Wealth and Asset Management and Private Equity complex company structures.
- Ability to identify the key attributes of Asset Management and Private Equity client structures like funds, broker dealers, portfolio companies, limited partnerships, offshore vehicles, holding companies to determine their hierarchy and applicability of Independence rules.
- Build working knowledge of different internal Independence and financial tools and systems.
- Ability to comprehend interdependencies between systems to identify and fix discrepancies and bringing information in sync.
- Develop sound knowledge of performing external research on tools like Capital IQ, FACTIVA, filings from SEC registered clients, company filings to determine types of structure, flow of ownership and applicable relationships.
- Perform reconciliation, research and draft recommendations for review by project managers as part of the procedures.
- Actively participate in knowledge calibration sessions by asking relevant questions and highlight any process understanding gaps timely.
Skills and Attributes for Success
- Display responsiveness by acknowledging emails and messages timely.
- Ability to work with an inclusive mindset.
- Must possess a client- centric and enablement mindset.
- Possess strong communication and inter-personal skills.
- Prioritize tasks and manage time effectively to meet client expectations without compromising on quality or deadlines and keeping others informed of status and activities.
- Uphold the highest standards of ethics, integrity, and values.
- Understanding of existing technologies and willingness to adapt to new digital tools to enhance efficiency.
To Qualify for the Role, You Must Have
- Post-graduate/masters in finance domain from a reputed institution.
- 0 - 1 year of experience in research and analysis in a professional services firm.
- Candidates with exposure of handing client interaction would be preferred.
- we'll-developed analytical, interpersonal, and communication skills (both written and verbal) in English.
- Basic understanding of type of company structures, Ownership structures, awareness of auditor Independence and basic risk management concepts.
- Basic understanding of financial terminologies such as mutual funds, Broker Dealers, Investment Advisers, institutional investors, blocker companies, portfolio companies, Voting rights, Board representation and databases such as Capital IQ, FACTIVA.
- Basic sector knowledge of Wealth and Asset Management and Private Equity complex would be an added advantage.
Technologies and Tools
- Intermediate level of knowledge in MS Office (Outlook, MS Word, MS Excel, SharePoint etc.)
What You Can Look Forward To
- A team of people with technical experience, business acumen and enthusiasm to learn new things in this fast-moving environment.
- A team of professionals driven by growth and client enablement mindset, while safeguarding EY s brand name.
- A team that runs on foundational values of trust, respect, integrity and teaming.
- A team that functions with One-Team mindset and values diversity and inclusiveness.
- Opportunities to work with Global teams and stakeholders on strengthening the compliance framework.
- A team that thrives on continuous improvement and bringing in efficiencies to processes
What We Offer
-
Continuous learning
you'll develop the mindset and skills to navigate whatever comes next. -
Success as defined by you
We ll provide the tools and flexibility, so you can make a meaningful impact, your way. -
Transformative leadership
We ll give you the insights, coaching, and confidence to be the leader the world needs. -
Diverse and inclusive culture
you'll be embraced for who you are and empowered to use your voice to help others find theirs.
