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Risk Consulting – MENA FS Risk – Operational Risk Management - Senior Consultant
Description
EY GDS Risk Consulting is a unique, industry-focused business unit that provides a broad range of integrated services that leverage deep industry experience with strong functional capability and product knowledge. MENA risk consulting practice provides integrated consulting services to financial institutions and other capital markets participants, including commercial banks, investment banks.
About The Role
As a Senior Consultant in our Financial Services Risk team, you will be responsible for assisting clients with issues of risk management (i.e., including Board and management oversight, risk culture, risk appetite and limit setting across the three lines of defense), control design, control effectiveness assessment, and optimization of the risk controls framework across three lines of defense to support our clients business strategies. Clients include large financial institutions, broker-dealers, wealth funds with significant capital market activities. Project teams frequently work with the senior management of these firms.
Key Responsibilities
- Contribute to large-scale client engagements while consistently delivering quality client services within expected time frames and budgets
- Contribute to the generation of new business opportunities for the Operational risk and control practice to develop long-term client relationships, understand the changing business and regulatory environment, and actively assess/present ways to serve clients
- Knowledge of a range of financial products (derivatives, equities, fixed income, etc.)
- Experience with banking and capital markets, asset management, or insurance industries, with a specific focus on operational risk management, an understanding of the risk management life cycle, topics of risk governance, and internal controls
- Knowledge of financial and/or regulatory processes, key controls and reconciliations, starting from transaction capture to aggregation/consolidation to financial and regulatory reporting
- Experience developing and maintaining a risk management control framework
- Knowledge of various control types, test approaches, sampling methodologies, analysing evidence and test results to identify control weakness, and defining action plans to remediate controls weaknesses
- Knowledge and/or Experience in risk governance (including risk operating model, risk policy, appetite or culture)
- Experience with projects involving the design or operation of elements of the risk management life cycle (including risk identification and profiling, risk assessment and measurement, risk metrics and monitoring or risk measurement) in the banking and capital markets, asset management, or insurance industries
- Experience conducting current state/future-state assessments, business process redesign, and target operating models OR in a second line of defense risk management or risk management project role within the financial services industry
Qualifications And Skills
- Master’s degree in business administration (finance, economics) with at least 3-6 years of relevant work experience of which 2-3 years in financial services
- Certifications such as PRM, CRMP, CISA, ACAMS
- Strong problem solving and solution development skills
- Globally mobile and flexible to travel to onsite locations at a short notice
- Ability to liaise with business and technical teams of all levels including senior management
- Automation/innovation mindset
- Professional English language written and verbal skills
- Excellent communication skills
EY | Building a better working world
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
