Fs Risk Consulting Process And Controls Senior Insurance

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Job Role: Senior Consultant

Locations : Bangalore Hyderabad Noida Gurgaon Pune

The opportunity:

This is a client-facing role in a rapidly growing practice where youll build client relationships with key stakeholders including management executives for some of the most globally recognized brands. It makes this the perfect place to gain a deeper understanding of complex businesses transactions all the while recommending solutions to some of the most pressing business challenges and process inefficiencies. Youll also team with our performance improvement professionals in multidisciplinary engagements helping major global clients transform and sustain business performance. By plugging into our market-leading global network youll gain the experience you need to become an exceptional Risk Advisor.

Our clients look for EYs expertise across the advisory solutions and specifically for engagements related to Internal Audit Process compliance and reviews SOX404 and Developing Standard Operating Procedure manuals & Enterprise Risk Management.

What to expect:

There really is no average day in this role since every client will have multi-faceted challenges and a distinct business environment. What it means is that youll have an opportunity to learn and adapt to our clients cultures and contribute towards developing unique solutions that are tailored to individual engagements. Whichever industry or client youre working with youll have plenty of opportunities to expand your business network and transform yourself into a truly global professional.

Your key responsibilities:

Client Management

• Understand the clients business & related industry issues/trends
• Develop strong working relationships with client and onshore client teams
• Maintain excellent rapport and proactive communication with the client

Market Leadership

• Participate and support business development initiatives
• Support the practice in developing thought leadership content and other innovation initiatives from time to time.

Primary Responsibilities

Internal Audit

• Conduct Risk Assessments to Identify key process risks understand the overall control environment and determine areas of higher risk that require deeper audit focus. This drives scoping and prioritization.
• Prepare documentation request list (DRL) to obtain relevant policies SOPs evidence logs system reports and process documentation needed to plan and perform the audit.
• Attend as well as carry out process walkthroughs through meetings with process owners to understand how the process actually operates validate control design and map endtoend workflows to confirm that risks are adequately addressed.
• Perform design testing of controls to assess whether controls are appropriately designed and implemented. This includes verifying control frequency ownership and evidence supporting control operation.
• Perform operating effectiveness testing by selecting adequate test samples to verify whether controls operated consistently during the audit period using evidence such as logs approvals exception reports or system outputs.
• Share/discuss preliminary observations with stakeholders/process owners draft the audit report track management action plans validate remediation once completed and close issues accordingly.

SOX 404 testing

• Assist in raising and tracking all document requests with management either through trackers or operations management systems where evidence and status updates are maintained.
• Prepare walkthrough agenda and other related planning documents. Conduct control specific walkthroughs to understand the controls in detail.
• Based on the control understanding and language prepare control testing attributes.
• Perform design testing of controls to assess whether controls are appropriately designed and implemented. This includes verifying control frequency ownership and evidence supporting control operation.
• Perform operating effectiveness testing by selecting adequate test samples to verify whether controls operated consistently during the audit period using evidence such as logs approvals exception reports or system outputs.
• Own the controls required to be tested and meet the required timelines with the best quality needed for the engagement.
• Coordinate with management to finalise issues noted during control testing for further remediation and testing.

Quality Control

• Meet quality guidelines within the established turnaround time (or allotted budget) for assigned request
• Deal with workload without compromising standards
• Support a knowledge management culture within the Professional Services Organization
• Mentor and coach junior team members enabling them to meet their performance goals and successfully grow their careers.

Operational Excellence

• Ensure compliance with risk management strategies plans and activities of the firms
• Manage the engagement budgets and support supervisors in developing marketing material business proposals and new solution / methodology development
• Supporting the engagement manager in planning and scheduling optimum staff levels for engagements.

To qualify you must have:

• Minimum 2-6 years of experience of serving in a similar role Big 4 experience preferred
• Graduated in Accounting/Business from reputed university
• CPA/ACCA/MBA Finance / Chartered Accountancy (India)
• CIA or other similar certifications preferred
• Proficient in MS-Office Suite understanding of data analytics tools.
• Proficient in Process modelling tools (Visio IBM Blueworks etc.)
• Working knowledge of SAP Archer or other leading GRC platforms
• Globally mobile and flexible to travel to onsite locations
• Technical experience in Finance Operations or Regulatory Compliance
• Strong Oral & Written Communication Skills ability to articulate discussions
• Problem solving skills and ability to multitask is essential
• Team player with strong interpersonal skills
• Ability to prioritize deliverables effectively in order to achieve optimum results.

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