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Manager - Internal Audit - Insurance - Business Consulting Risk - FS

Location:  Mumbai
Other locations:  Primary Location Only
Salary: Competitive
Date:  Nov 24, 2023

Job description

Requisition ID:  1440061

Requisition Id : 1440061

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.

The opportunity : Manager-FS-Business Consulting Risk-CNS - BC - Internal Audit - Mumbai

FS :

Amid comprehensive regulatory change, today’s financial services institutions are focusing on digital transformation, convergence and disruption from an array of non traditional competitors — all while meeting greater demands for trust and transparency.

To address this delicate balance of issues, our proficient 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 foster a diverse set of people who give their minds to building the future of financial services. Together, we explore new perspectives with innovative and innovative thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.

CNS - BC - Internal Audit :

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 controls

Technology 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 responsibilities

Current Team

We are a rapidly growing 140-member business consulting practice focused on FS (mainly asset 
management and insurance sectors but not including banks). We perform a variety of internal audit and 
other risk advisory engagements such as SOX/ IFC/ ICFR, risk management (ERM/ ORM), process 
reviews / standard operating procedures (SOP), data analytics and other governance, risk & compliance 
(GRC) engagements for large global and Indian clients. 


Your key responsibilities

The current role requires executing internal audit and other risk consulting engagements for asset 
managers or reviewing investment processes for insurance companies. As part of the role, the candidate 
is expected to: 
• Perform end-to-end internal audits from planning to reporting including process understanding, 
walkthroughs, preparation of risk and control matrix / audit work program, control testing to 
assess their design and operating effectiveness, preparation of audit report and agreeing issues/ 
actions with management. 
• Have an in-depth understanding of the asset management industry risks/ issues / trends and end-
to-end investment process (front, mid and back office processes) for all asset classes including 
fixed income, equities, derivatives, real estate, private equity/ hedge funds and alternatives. 
• Have thorough knowledge and understanding of Internal Audit and SOX/ ICFR methodology and 
IIA requirements. 
• Deliver / manage engagements to time, cost and high quality. 
• Identify key areas of improvement in the client's business processes and add value by preparing 
insightful recommendations.  
• Contribute to business development activities such as preparing proposals, lead identification 
• Always comply with the firm’s quality and risk management policies 
Personal Attributes:  
• Excellent oral and written communication skills 
• Ability to work independently with minimum supervision 
• Ability to quickly learn and handle new areas / solutions by leveraging internal and external 
knowledge sources  
• Proactively anticipate engagement related risks and escalate issues as appropriate 
• Strong relationship management skills to actively establish stakeholder / client (process 
owner/functional heads) and internal relationships 
• Team player looking for opportunities to contribute to wider team goals 
• Proficient in MS Office (Excel, Word, PowerPoint) skills, data analytics 
• As part of a high-performing team, the individual should be self-motivated and willing to stretch to 
meet client and practice requirements 
• Ability to work on multiple engagements/ clients concurrently 
• Willingness to work across time zones and flexible to travel in future if needed 


Skills and attributes

Ability to lead teams as well as work as willingness to execute engagements as individual 
contributor based on engagement requirements 
• People manager skills to act as counsellor to a team of consultants/ analysts (manager only) 
• Contribute to knowledge sharing initiatives and provide guidance / support to other team 
• Innovative with ability contribute to thought leadership and new solutions> 


CA or equivalent


7 yrs or more

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 postivie energy, while being adaptable and creative in their approach. 

What we offer

With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, 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 whilst allowing our people to build their career 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 building a better working world. Apply now.

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