Senior Consultant- Risk Consulting - Control Testing - FS - Bangalore/ Hyderabad

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 : Senior Consultant- Risk Consulting - Control Testing - FS - Bangalore/ Hyderabad

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.

CNS - RISK - PROCESS & CONTROLS :

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
Skills and attributes
To qualify for the role you must have

• 8–15 years of experience in Banking, Financial Services, Risk Management, Product Control, Compliance, Operational Risk, or Third Party Risk Management.
• Experience working within global financial institutions, regulatory bodies, or consulting organizations.
• Strong understanding of risk management frameworks, governance processes, and regulatory expectations.
• Prior experience interacting with Internal Audit, Compliance, and Regulatory stakeholders.

Stakeholder Management & Governance

• Act as a key liaison with a broad spectrum of stakeholders, including:
• Second Line of Defence (2LoD)
• Group Operations Executives and Regional Forums
• Business Risk & Control Management (BRCM)
• Risk Management Meetings (RMM)
• Procurement stakeholders
• Third Party Relationship Owners (TPROs)
• Third Party Engagement Managers (TPEMs)
• Risk Domains and Risk Stewards
• Internal Audit, External Auditors, and Regulatory Authorities
• Support governance forums and provide risk insights to senior management.
• Influence stakeholders to drive control enhancements and remediation activities.

Third Party Risk Management & Regulatory Compliance

• Assess and monitor third-party risk management frameworks and controls.
• Ensure adherence to internal policies, regulatory requirements, and industry best practices.
• Perform control evaluations across onboarding, monitoring, and ongoing oversight processes.
• Support regulatory reviews, audits, and risk assessments related to third-party engagements.
• Drive remediation plans and ensure timely closure of identified control gaps.

Risk & Controls Testing

• Execute preventive and detective control testing across trading and operational processes.
• Review surveillance controls and alerts to ensure compliance with applicable regulatory requirements.
• Conduct root-cause analysis on control failures and coordinate remediation plans.
• Develop and maintain Risk Control Matrices (RCMs), process documentation, and test scripts.
• Execute User Acceptance Testing (UAT) for control enhancements, system implementations, and process changes.

Audit, Assurance & Continuous Improvement

• Support internal and external audit activities.
• Evaluate the effectiveness of risk management and control frameworks.
• Produce management reports highlighting risk themes, trends, and emerging issues.
• Drive process improvements, automation opportunities, and control optimization initiatives.
• Contribute to the enhancement of governance, monitoring, and reporting capabilities.

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