Assistant Manager-Risk Consulting- FSRM

Assistant Manager / Senior Consultant – Financial Services Risk Management (FSRM)

The Opportunity

As an Assistant Manager or Senior Consultant in the Financial Services Risk Management (FSRM) practice, you will support the delivery of Governance, Risk and Compliance (GRC) related projects covering all three lines of defense pertaining to institutions offering financial services (banking, financing companies, insurance companies and asset/fund management companies). Core focus will be on projects related to Non-Financial Risk / Operational Risk, Compliance Risk (Regulatory Compliance as well as Financial Crime, including Fraud Risk), Operational Resilience, Third Party Risk Management, Corporate Governance, updating of Policies and Procedures and execution of Internal Audits.

You will work closely with project managers who will be leading projects in one or more of the above-mentioned or related domains to execute the defined scope of work with guidance from the project manager. You will be expected to take the lead on day-to-day interactions with client stakeholders and execute the required deliverables by working with different team members on the project. This role provides hands-on exposure to financial services risk management frameworks, regulatory compliance, and internal auditing solutions.

The role is in an off-shore / near-hub location to remotely deliver projects for clients based in Saudi Arabia. Periodic onsite travel from your base location to client sites, mainly in Riyadh, will also be required which is expected to be about 30% to 50% of the time during the year.

Your Key Responsibilities

Engagement Delivery and Workstream Support

• Support project planning activities including requirement gathering, task planning, documentation, and status reporting.
• Prepare client-ready deliverables such as frameworks, policy and procedure documents, working papers, control testing results, audit reports and presentations.
• Participate in client workshops, perform walkthroughs of processes using an interview-based, documenting meeting minutes and results of walkthroughs, gathering information and data from the client required to execute the scope of work.
• Analyzing information obtained including policies and methodologies being followed by the client, and preparing working papers and reports.
• In addition to ongoing project delivery requirements, support senior team members in preparing parts of business development proposal presentations.

Technical Responsibilities Across Risk Domains

While responsibilities will vary based on the projects, you will typically be expected to have the following responsibilities covering one or more of the following areas at any given time:

• Risk Framework Development: Design and implement risk management frameworks for Enterprise Risk domains, predominantly covering Non-Financial Risk / Operational Risk, Compliance Risk, and Third-Party Risk Management.
• Policy and Procedure Documentation: Draft, review, and update governance documents such as policies, procedures, and control frameworks aligned with regulatory requirements and industry leading practices.
• Data Analysis and Reporting: Develop risk indicators and other metrics related to specific risk domains and calculate their outputs using client-provided data. Prepare detailed reports and dashboards for client review.
• Internal Audit Execution: Perform end-to-end internal audit procedures, including planning, creation of Risk and Control Matrices (RCMs), performing process walkthroughs, testing control, documenting working papers and producing final reports, ensuring any regulatory requirements have been covered at a minimum and executing audit deliverables aligned to Institute of Internal Auditor (IIA) standards.
• Regulatory Compliance Assessment: Conduct gap assessments against regulatory requirements (e.g., AML, KYC, fraud risk) and prepare compliance checklists and remediation plans.
• Benchmarking Across Jurisdictions: Perform comparative analysis of regulatory requirements across multiple jurisdictions to identify differences, best practices, and implications for client operations.

People and Team Contribution

• Collaborate effectively with project managers and team members to deliver high-quality outputs within agreed timelines.
• Act as a key point of contact for day-to-day client interactions, ensuring clear communication and alignment on deliverables.
• Support junior team members through guidance and informal coaching, fostering a collaborative and inclusive work environment.
• Participate in internal initiatives such as training sessions, methodology development, and thought leadership activities.

Skills and Attributes for Success

• Strong analytical and problem-solving skills with the ability to interpret regulatory and risk requirements.
• Excellent written and verbal communication skills for preparing client-ready reports and conducting stakeholder discussions. English is essential, Arabic in addition would be highly preferred.
• Ability to manage multiple priorities and deliver under tight deadlines with attention to detail and accuracy.
• Proficiency in MS Office tools (Excel, PowerPoint, Word).
• High level of professionalism, integrity, and adaptability in dynamic client environments.
• Proactive work ethic, reliability under timelines, and teamwork mindset. Approaching tasks with an open mindset on how to solve any problem presented.

To Qualify for the Role, You Must Have

• Bachelor’s or Master’s degree in Finance, Accounting, Business Administration, Risk Management, or related field.
• 4  to 6 years of relevant experience in risk consulting, internal audit, compliance, or financial services (background in Big-4, banking, asset management or insurance would be preferred).
• Strong understanding of risk management principles, regulatory frameworks, and internal audit standards (e.g. IIA).
• Experience in preparing policies, procedures, and risk frameworks for financial institutions.

Ideally, You Will Also Have

• Professional certifications such as CIA, CFE or ACAMS.
• Exposure to financial crime risk management (AML, KYC, fraud prevention) and operational resilience frameworks.
• Familiarity with regulations issued by at least one of the financial services regulators such as Saudi Central Bank (SAMA), Capital Market Authority and the Saudi Insurance Authority.

What Working at EY Offers

• Opportunities to develop deep technical and advisory skills.
• Structured learning, coaching, and on-the-job development.
• Exposure to a wide range of clients, risk domains, and solution challenges.
• Supportive and collaborative work environment.