Senior Consultant - Risk Consulting - Fund Fianance

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 - Fund Fianance

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

Technical Excellence   

• Partner with the business teams to provide financial and operational support to ensure that business objectives are met.
• Build, develop and maintain good working relationships between the team and its internal/external clients and third-party service providers.
• Fund accounting review for the funds, ensuring that financial deliverables are of high quality and financial statements are accurate and complete.
• End-to-end administration of “internally” managed Pantheon funds.
• Review and approval of fund expenses and fund service provider invoices – ensuring these are reasonable and understood.
• Review and approval of management/ performance fees, as required, maintenance of fund expense budgets and Total Expense Ratio (“TER”) preparation.
• Assist in the delivery for the funds’ reporting and any regulatory reporting that may be required.
• Oversight of third-party fund administration providers, depositaries, and other service providers in conjunction with the Third-Party Administration Management team. 
• Assist with external audits for funds, which will include liaising with the funds’ external auditors and ensuring that audit queries are addressed and completed in line with deadlines.
• Review and approval of capital events such as calls, distributions and equalisations, as required.
• Ensure applicable control and risk frameworks and policies are adhered to and that existing procedures are refined to reduce operational risk.
• Complete other ad-hoc projects and tasks from time to time.
• For private wealth funds preparation of monthly files on performance, attribution, investor register and cash files.
• Assistance with ad-hoc reporting tasks including Board Reporting and some client reporting.
• Assist with any fund sales, extensions and, where necessary, liquidations related to Private Equity Funds.
• Provide supervision and line management to junior members of the team
•  

Skills and attributes

• Recognised accounting qualification, with strong accounting skills
• Broad knowledge of private markets, preferably funds of funds or Private Equity, and the processes involved in servicing these funds 
• Customer focused, with a background in fund accounting/ operations and passion for quality and efficiency
• The ability to lay out processes, controls and procedures in simple, clear formats including data flows, controls matrices, etc. 
• Ability to prioritise and manage own workload as well as team’s deliverables
• Excellent organisation and planning skills 
• Proficient Excel skills. 
• Comfortable acting proactively and always with integrity 
• Relationship building and an ability to influence others, both verbally and in writing 
• Strong communication skills, both written and verbal and the ability to develop meaningful partnerships with both internal and external teams  
• Professional scepticism: an ability to ensure that things are not taken at face value and always asking “does this make sense?” 
• Problem solver: an ability to, and an interest in searching for solutions to problems and establishing the root causes of any issues that arise. 

To qualify for the role you must have

Qualification

• CA / CPA / MBA (Finance) / BCom or equivalent

Experience

• 3- 5 years of experience in designing, monitoring and understanding the internal controls frameworks in place at each stage of a fund/product life cycle 
• Experience in process change and improvement projects 

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

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.