Financial Services Risk Management - Manager - Regulatory Mapping

Business Consulting – Financial Services Risk Management (FSRM) – Regulatory Compliance – Manager EY

is the only professional services firm with a separate business unit –Financial Services Office (FSO)–that is dedicated to the financial services marketplace. Our teams have been at the forefront of every event that has reshaped and redefined the financial services industry. If you have a passion for rallying together to solve the most complex challenges in the industry, come join our dynamic FSO team!   

EY's Financial Services Office (FSO) 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. Our teams have been at the forefront of every event that has reshaped and redefined the financial services industry. FSO practice provides integrated consulting services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker-dealers, asset managers (traditional and alternative), insurance and energy trading companies, and the Corporate Treasury functions of leading Fortune 500 Companies. The service offerings provided by the FSO Consulting include - market, credit and operational risk management, regulatory consulting, quantitative consulting, structured finance transaction, actuarial consulting, technology enablement, risk and security, program consulting, and process & controls. 

As a leading provider of consulting services, EY’s Regulatory Compliance and Conduct Practice helps its clients respond to a constantly changing financial environment by turning business and regulatory strategy into reality.   

Our consultants include industry practitioners, former regulators and lawyers with a diverse combination of experiences. This unique combination of expertise helps us bring the most creative and innovative solutions to our clients across the globe.   
 

The opportunity   

• Want to work with some of the world’s leading financial institutions on some of their most sensitive compliance and strategic matters? If so, EY’s Regulatory Compliance and Conduct Practice is the right place for you!  We work with the largest banks, credit unions, and financial service providers in the country to help them address regulatory feedback, enhance their compliance programs, position them to better serve their customers and achieve long-lasting results. At EY, you will have the opportunity to make a significant impact on our client’s businesses and enrich your career at a market leader.   

Your key responsibilities 

• Leading your own engagement team; interacting and developing relationships with clients’ top executives and our firm’s leadership 
• Providing guidance and relevant expertise to help your team build strategic and innovative solutions. Delivering consistent high-quality work-product. Staying informed of current business and industry trends relevant to the client's business 
• Managing all aspects of an engagement; from daily subject matter and regulatory issues, project monitoring, risk management and status reporting, to engagement economics, budget, monthly invoicing and quarterly service quality checks 
• Shaping junior consultants’ careers by mentoring, coaching and providing constructive on-the-job feedback 
• Cultivating and managing business development opportunities to assess/present new service offerings to clients 
• Teaming with individuals from diverse backgrounds and helping foster an inclusive team-oriented work environment. In addition, you will have access to EY’s global network, including affinity networks, industry networks and community networks 

Skills and attributes for success   

• You’ll stay informed of timely regulatory and risk management updates while understanding clients’ unique challenges within their businesses. Collaborating with colleagues and leadership, you will manage and deliver outstanding work products   

To qualify for the role, you must have 

• A bachelor's degree and approximately 8-10 years of overall work experience with regulatory compliance or a graduate degree and approximately 4 years of consulting or industry work experience 
• A degree in finance, accounting, law or a related discipline; MBA, MS, or JD preferred. 
• Strong communication skills for report writing and policy documentation, along with client presentations
• Strong organizational skills and the ability to manage competing priorities 
• Analytical skills: ability to understand and assess financial services industry processes utilizing a compliance and control focus 

Ideally, you’ll also have 

• Relevant experience with federal regulatory agency (Office of the Comptroller of the Currency (OCC), Federal Reserve Bank (FRB) or Consumer Financial Protection Bureau (CFPB)), or financial services organization Compliance Department 
• Develop proficiency in interpreting regulatory pronouncements related to FRB regulatory expectations related to Regulations A – ZZ (covered under 12 CFR 201 – 253) across multiple product lines (like Credit extensions, CRA-related agreements, consumer leasing, fair credit reporting, other banking products and services provided to financial institutions and public)
• Coordinate with various departments on the regulatory impacts arising from product offerings, analyzing and comparing with organizational procedures, assisting in development of risk-based taxonomy view by mapping key business processes and activities together
• Experience with development of functional requirement documents, business process insights, identifying mitigating risk controls and building policy documentation (including entity-specific rule interpretations) for all financial institutions (across Banking and Capital Markets, Wealth & Asset Management, and Insurance sector)
• Knowledge of regulatory expectations related to Regulatory Compliance Management Systems and Compliance Risk Management Programs for financial institutions serving consumers 
• Experience with regulatory compliance mapping gap assessment, design and implementation assistance, development or evaluation of compliance policies and procedures, and development and evaluation of mapping testing in target-state.
• Experience with design, development and implementation of internal controls and/or testing of internal controls for financial services business processes 
• Consumer lending product knowledge (e.g., mortgage, auto, credit card), consumer lending life cycle knowledge (e.g., marketing, origination, pricing, risk and servicing), consumer regulation knowledge (e.g., fair lending, CRA, UDAAP, TILA, RESPA), regulatory requirements of the Federal Reserve, OCC, OTS and/or FDIC 

What we look for 

• Innovative, creative and passionate individuals who demonstrate effective leadership, project management and teamwork skills. You are always willing to accept new challenges to take your careers to the next level 
• Relevant experience leading teams and managing people in the development and delivery of client engagements, thought leadership materials, and significant go-to-market initiatives 
• Prior experience with a consulting firm, regulator, or financial institution preferred or a demonstrated ability to function effectively in a fast-paced, client serving consulting environment