Assurance - Audit Quality Support Team - Risk Manager - Financial Services - London or Newcastle

LEVEL 3 – FSO ASSURANCE Risk Manager (London or Newcastle)

Role Overview

Our professionals offer a wide range of services across Audit, Financial Accounting Advisory Services (FAAS), Extended Assurance (EA), Tech Risk (TR), CCASS (Climate Change Adaptation and Sustainability Strategy) and Fraud Investigation & Dispute Services (Forensics). The UK practice is part of EMEIA FSO which operates across various countries and encompasses staff from a range of services lines.

The opportunity

The Audit Quality team (AQT) is responsible for ensuring the firm’s compliance with the rules and regulations imposed either by external professional regulatory bodies or by EY Global in relation to the conduct of the firm’s assurance business in the financial services industry.

The team sits within the wider AQT network across UK and EMEIA FSO and provides support to engagement teams on matters of policy, risk management, quality and compliance as well as related processes. As a Risk Manager you will be responsible for organising and managing various risk management projects and quality initiatives for the practice and contributing to the strategic agenda of the AQT team. Part of this role will include direct liaison with Partners and senior FS Assurance stakeholders.

Key responsibilities:

Management of team members

Responsible for managing and coaching junior members of the team daily, including oversight of their work in several areas, including:

• Production and analysis of various reports from EY’s internal data systems  
• Production and analysis of EY’s primary rotation system
• Management and effective operation of various ISQM1 controls
• Maintenance of firm’s systems e.g. updates to our internal data systems
• Ad hoc reporting.

Partner and firm rotation

• Reviewing compliance with EY’s rotation policies including answering policy queries and requests from the practice
• Review of rotation papers prior to approval by the second line of defence
• Oversight of the annual portfolio validation project
• Coordinating and preparing the paper for the bi-annual Rotation Board
• Ensuring that EY’s internal data systems are up to date and reflective of our current client base and Partner/director portfolios
• Responsible for resourcing the team’s Engagement Quality Reviewer (EQR) requirements, including monitoring their compliance with internal policies
• Responding to ad hoc queries and response requests.

Responding to regulatory requests

• Managing and compiling the FS response to numerous annual regulatory requests
• Dealing with any ad hoc information requests from the regulator or internal EY team
• Management of the annual ICAEW return with oversight from the Director of Risk Management
• Management of the annual Transparency Report.

Global Independence System (GIS)

• Monitoring of delinquent GIS restrictions and validations
• Oversight of the GIS restrictions process to check new clients are correct on GIS and following up with audit teams.

Assurance Advisory sub service lines

• Liaising with Partner leads in each sub service line to help establish and monitor quality measures to address relevant risks in each area
• Collating and sharing outputs on quality measures to leadership.

Other

• Delivering risk management training to all levels of staff and Partners
• Ensuring data integrity of internal systems such as the GRT and GIS
• Liaising with UK&I AQT contributing to their goals and objectives and ensuring consistency across business units.

Skills and experience

• Experience of managing teams including the ability to encourage and motivate people
• Individuals should have the ability to critically challenge existing business practices to bring efficiencies using innovation and automation tools
• Excellent communication and relationship building skills including the confidence to articulate to individuals of all grades and levels, including Partners
• Strong organisational and project management skills with experience managing competing priorities
• Comfortable working collaboratively, virtually and independently including managing staff members based regionally
• Strong attention to detail
• Experience in responding to different stakeholders and upwards management
• Ability to lead by example, demonstrating a high standard of quality and effective risk management behaviors.

Preferred but not essential

• Experience of financial services
• A background in quality and risk management or compliance is preferred
• Experience of working remotely within a team.

What we look for

You will have excellent communication and interpersonal skills, plus an ability to build mutually beneficial relationships with internal clients and colleagues from a range of backgrounds and cultures based on knowledge, experience and personal values.

We are looking for a driven, organised, conscientious and analytical individual to work with stakeholders of all levels within an ever-changing environment.

What we offer

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

We offer a competitive remuneration package. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings, and a wide range of discounts, offers and promotions. Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. Shape your future with confidence!  

Apply now.

Please note: Prior to finalizing your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. We ask because it matters!