Consultant -Business Consulting Risk-Internal Audit - Wealth and Asset Management -Mumbai/Bangalore

Consultant -Business Consulting Risk-Internal Audit - Wealth and Asset Management -Mumbai/Bangalore

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.

Consultant - Business Consulting Risk - Internal Audit - Wealth and Asset Management – Mumbai

FS :

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.

Your key responsibilities
Technical Excellence

 

• Lead and execute Internal Audit engagements across Asset & Wealth Management functions, including risk assessment, audit planning, fieldwork, control testing, audit documentation, report drafting, issue tracking, and validation of remediation activities.
• Assess the design and operating effectiveness of controls across investment operations, portfolio management, custody, transfer agency, client onboarding, regulatory reporting, and supporting business processes.
• Perform risk and control assessments to identify control gaps, emerging risks, improvement opportunities, and control enhancement initiatives.
• Plan, coordinate, and execute control monitoring and testing programs across assigned products, processes, and value chains.
• Conduct process walkthroughs with business stakeholders and control owners to evaluate end-to-end processes, key risks, and control frameworks.
• Review and formalize Risk Control Self-Assessment outcomes in collaboration with accountable Control Owners and business stakeholders.
• Translate audit observations and testing results into clear, concise, and risk-focused recommendations for senior management.
• Partner with first-line business teams, control owners, and second-line risk and compliance teams to strengthen control ownership and drive sustainable remediation.
• Monitor and validate corrective action plans, ensuring timely closure of audit observations and regulatory findings.
• Support regulatory and thematic reviews, ensuring audit coverage remains aligned with evolving regulatory expectations and industry best practices.
• Collaborate with regional and global audit teams to deliver consistent and seamless audit coverage across Asset & Wealth Management businesses.
• Ensure audits are executed in accordance with internal audit methodology, professional standards, and applicable regulatory requirements.
• Meet audit delivery timelines, quality standards, and budget expectations while maintaining high-quality audit documentation and evidence. 

Skills and attributes
To qualify for the role you must have
Qualification

• Chartered Accountant (CA), Certified Internal Auditor (CIA), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or equivalent professional qualification.
• 2-4 years of experience in Internal Audit, Risk Management, Controls Testing, or Governance functions within the financial services industry. 
• Professional certifications in Asset and wealth management activities, Internal Audit, Risk Management, Compliance, Operational Risk, Controls Testing, or Data Analytics. (Preferrable)
• Prior experience with a Big Four consulting firm and/or Internal Audit function within a banking, asset management, or wealth management institution.
• Strong understanding of Asset & Wealth Management business processes, including investment management, portfolio management, custody, transfer agency, asset servicing, client onboarding, and investment operations.
• Experience performing risk and control assessments, control testing, operating effectiveness reviews, and issue validation activities.
• Sound understanding of governance frameworks, audit standards, documentation requirements, and evidence-based testing methodologies.
• Experience working with business stakeholders, control owners, compliance teams, and risk management functions. Ability to communicate complex risk and control issues effectively to senior stakeholders and management.
• Strong analytical, problem-solving, and report-writing capabilities.
• Knowledge of regulatory expectations impacting Asset & Wealth Management firms and investment service providers.
• Experience leveraging data analytics, dashboards, automated testing solutions, and monitoring tools to drive risk insights and control assessments.
• Strong planning, organizational, and project management skills with the ability to manage multiple auditing activities simultaneously.

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.

What we offer

Fuelled 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

Experience Level

Mid Level