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.
The opportunity: Consultant - Risk Consulting – KYC – Wealth Management – Pune
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 modelling 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. 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, IFC, Clause 49 assistance.
Your key responsibilities
Technical Excellence
Full review of client profiles in the KYC system for individual and institutional (entity) Wealth Management clients and provides regular, meaningful, and accurate periodic updates. Expertly reviews documentation to confirm CIP and assess KYC information including source of wealth, source of funds, etc. Utilizes AML background coupled with client documentation as well as information available in the public domain to evaluate content of client profile created by front office partners including nature of business, etc. Understanding of the US Beneficial Ownership Rule to identify ultimate beneficial owner(s) and control person and ensures accuracy of information within client profiles. Works with his/her line management and other colleagues to ensure that the meets the required audit, risk and compliance standards as determined, from time to time, in accordance with advised changes in processes and procedures pursuant to amendments in guidance and best practice. Performs Initial due diligence, conducting independent research and initiating Relationship Manager/Front Office outreach. Works with colleagues and line management in reviewing such Wealth Management documentation and efficiently highlighting due diligence documentation (if any) requiring update, due to inadequacy or aging by agreed modes of communication, with professionalism of approach and timely escalation of material issues arising. Support and train colleagues within the Review team. Creates documentation, procedures, escalation channels and governance to remediate identified issues.
To qualify for the role you must have
Experience of 3-6 years in reviewing Individual and Institutional (entity) client profiles including CDD and EDD. Knowledge of trust, deposit, and lending product documentation. Familiarity with formation documentation of various legal entity types (Corp, LLC, LP, etc.) as well as documentation applicable to various industry sectors (Funds, NGOs, etc.). Knowledgeable regarding PEPs, Non-Bank Financial Institutions, etc. Strong organizational and communication skills. Documentation analysis and ability to research and understand CIP and KYC requirements to identify exceptions. Knowledge of the US AML/KYC regulations and requirements. General knowledge of Microsoft Office applications relating to designated areas of responsibility.
Skills and attributes
In addition to technical competence, what will set you up for success at EY is your ability to:
Determine that the work delivered is of high quality. Anticipate and identify engagement related risks and escalate 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.
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 postivie energy, while being adaptable and creative in their approach.
What working at EY offers
With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, 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 whilst allowing our people to build their career as well as focus on their wellbeing.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
Join us in building a better working world. Apply now.