Senior Manager - Business Consulting Risk - FS - CNS - RISK - PROCESS & CONTROLS - Mumbai

EY View all jobs

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 2 months ago
Requisition Id: 1681830As 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 : Senior Manager-FS-Business Consulting Risk-CNS - RISK - PROCESS & CONTROLS - MumbaiFS :Finance fuels our lives. Banking, Insurance and Wealth management, create the foundations for growth, prosperity and peace of mind. No other Industry touches so many people or shapes so many lives.Amid sweeping regulatory change, today's financial services institutions are focusing on digital transformation, convergence and disruption from an array of nontraditional competitors - all while meeting greater demands for trust and transparency.To address this delicate balance of issues, our competent team of business strategists, technologists and industry leaders bring fresh thinking and sector knowledge across banking and capital markets, insurance, and wealth and asset management. The results are seamless collaboration, innovative problem solving, breakthrough performance gains and sustainable value creation.We recruit, train and nurture a diverse set of people who dedicate their minds to building the future of financial services. Together, we explore new perspectives with innovative and entrepreneurial thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.CNS - RISK - PROCESS & CONTROLS :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 controlsTechnology 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 modeling 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.Your key responsibilitiesTechnical Excellence
  • The candidate requires solid accounting and financial background combined with a good understanding of operational processes and will lead Markets Operations' engagement with the Finance department and at firm-wide forums on accounting related matters. Other objectives will be to 1) develop robust quality control around balance sheet substantiation for accounts owned by Markets Operations and 2) work with the Markets Operations' leadership team to develop strong books and records / accounting knowledge across Markets Operations via the deployment of training and standards. Partner with Line Operations teams to ensure all the correct metrics and controls are in place, with regular reviews to ensure monitoring remains relevant and effective ? Work with Finance colleagues to ensure that balance sheet substantiation is complete and that controls are designed effectively ? Foster a good understanding of accounting practices/processes within the wider Markets Ops team, bridging the link between the movement of cash with how this is recorded on Bank's books and re- cords. ? Partner closely with Business partners and Transformation teams on new initiatives/projects to ensure that financial controls are robustly considered and implemented ? Oversee and co-ordinate all account owner activity across Markets Operations. Includes but not limited to: ? Understand and maintain Operations chart of accounts ? Set a framework to ensure consistent roles and responsibilities for all Markets Ops staff as it pertains to how we control our account population and reconciliations requirements ? Work with Markets Ops global functional managers to understand reasons for exceptions and breaks, ensuring issues are escalated timely, fixed at the root cause and look across for similar themes ? Ensure well defined and documented processes are in place for reserve calculations across Markets Operations. Identify opportunities to reduce aged exceptions to reduce reserves ? Review account ownership to ensure that the proofing processes are standard in their application and where relevant centralize these processes to drive efficiencies ? Partnership with other functions to support a strong end to end control environment: ? Work with Finance and Operations Risk & Control to ensure Markets Operations are compliant with relevant policies and standards Partner with Balance Sheet Control and risk reporting to support accurate and timely exceptions reporting ? Work with Front office to ensure upstream data and processes are understood and robust so as to prevent downstream issues from occurring ? Work with counterparts across the Centralized Operations team to promote consistency and common standards
Skills and attributesTo qualify for the role you must have
Qualification
  • Bachelor of Commerce
  • Bachelor of Business Administration
  • Master of Commerce
  • Master of Business Administration
Experience
  • 10 to 12+ years exp in Markets, with knowledge in products and processes
What we look forPeople 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.What we offerFuelled by the brilliance of our people, EY has emerged as the strongest brand and the most attractive employer in our field, with market-leading growth over competitors. Our people work side-by-side with market-leading entrepreneurs, game-changers, disruptors, and visionaries. As an organization, 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 while allowing our people to build their careers 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 shaping the future with confidence. Apply Now

EY