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Career Family: GDS Risk Management Services
Role Type: Business Relationship (Third Party Risk Management)
Role Rank: Supervising Analyst/ Lead Analyst
Current Rank: Supervising Analyst/ Lead Analyst
Supervising Analyst/ Lead Analyst (65-1/2/3) - Independence - Risk Management Services
This role requires the candidate to conduct research and execute global Independence and procurement processes aligned with EY Global (EYG) policies. These processes aim to safeguard EY by assisting professionals in complying with the firm's business relationship Independence and procurement policies. The candidate will gather and perform secondary research to get the third-party ownership, affiliations and financial relationships for internal review and approvals to meet Independence, Anti-Bribery & Corruption, Supplier Assurance, Data Protection, etc. guidelines/policies. Additionally, this role involves providing coordinated support to EY professionals by answering their inquiries and questions on business relationship-related topics.
The opportunity
Risk Management Services (RMS) is an internal function within EY GDS (Global Delivery services), responsible for protecting the organization from the risks that may arise from its professional practice. We work closely with all parts of the organization to identify and manage risks, providing coordinated advice and assistance on suite of services like Independence, Conflicts, Compliance, regulatory, policy and security issues as well as dealing with claims and queries regarding ethics. Formed in 2007, the RMS team is growing rapidly as a Center of Excellence for all standardized quality/compliance related activities.
This role will be part of the largest sub-service function, i.e., Independence within Risk Management Services (RMS) responsible for assisting EY professionals to maintain auditor objectivity by identifying and mitigating any potential conflicts of interest that could compromise an auditor's independence. This includes gathering third-party ownership, financials, statement of work and submitting requests in internal tools, conducting secondary research, reviews, etc. to get final approvals to proceed with the third-party relationship.
RMS Independence team is currently 950+ people strong, operating from 3 countries and 5 centers’: India (Gurugram, Kochi, Bengaluru), Poland (Wroclaw), Philippines (Manila). The team is closely integrated with Global Independence and has been involved in development of key business relationship processes.
This role offers the opportunity to contribute to EY's reputation as an independent auditor by supporting niche third party risk management/business relationship profiles within a dynamic and growing environment. You'll work closely with EY professionals to mitigate their business relationship-related risks. This will involve collaborating with senior team members and stakeholders to resolve queries and gather information, ultimately positioning you as a subject matter expert in third party risk management/business relationship processes.
Key Responsibilities:
A Supervising Analyst/ Lead Analyst in the team will be responsible to develop a strong working knowledge of firm level business relationship and procurement concepts including financial interests, family relations, and business relationships. The individual will be performing work procedures as laid down in the EYG business relationship Independence and procurement policies along with attaining hands-on experience in research/analysis and making updates post review by project managers to various EY tools and databases, thereby helping client serving/audit teams in mitigating business relationship-related risk. In this role, candidate will be required to perform a secondary research, gather required information from vendor (such as their ownership, affiliations, financials, etc. for different risk management review submissions), provide the process and tool related consulting support to EY Professionals, coordination with different risk management departments (Independence, Anti-Bribery, Supplier Assurance, Legal, Supply Chain Services, etc.) for approvals.
Other responsibilities include conducting quality reviews, analyzing issues, and producing well-documented deliverables, as the work product for these individuals is subject to review and scrutiny by external regulators.
Technical expertise
- Demonstrate thorough understanding and ability to interpret Vendor’s company structure, affiliations, ownership, and relationships in accordance with audit client and affiliate definition as per EYG Independence and Global Procurement policies.
- Perform the secondary research and analysis on third parties’ financial interests and relationships after gathering required information, to determine the permissibility of their business relationships
- Learn and become expert in internal process and tools to provide consultative support to EY professionals
- Build working knowledge of different internal Independence, risk management and financial tools/systems.
- Ability to comprehend interdependencies between systems to identify and fix discrepancies and bringing information in sync.
- Perform and review the reconciliation, research and recommendations drafted as part of the procedures by Associate analysts/ analysts within the team.
- Develop technical expertise of Independence and risk management processes to assume subject matter expert responsibilities.
- Build strong credibility by sharing insights and technical acumen, while engaging in relevant discussions with internal and external stakeholders.
- Lead knowledge calibration sessions addressing process related questions from team members.
- Consistently assess current processes and suggest innovative solutions or ideas to enhance efficiency and drive improvements.
- Understand and work towards meeting and exceeding the defined individual and team KPIs for the role.
Client/Stakeholder Management:
- Staying connected with EY professionals, Global/Regional stakeholders during process/request lifecycle.
- Organizing and leading calls and sharing regular status updates, addressing queries, performing follow ups and gathering accurate information for timely system updates.
- Act as a point of contact with distinct stakeholders (both internal and external), members of other competencies, and relevant GDS functions to effectively coordinate efforts for a project/request.
- Point of contact to perform root cause analysis, corrective action and preventive action
Teaming and Collaboration:
- Perform detailed reviews and provide feedback to Associate analysts/Analysts on projects/requests reviewed to drive highest delivery standards.
- Monitor and manage team performance by evaluating individuals against defined KPI’s and offering constructive feedback.
- Mentor team members by offering on-the-job coaching and knowledge sharing to foster career advancement and help identify learning opportunities to fill any skill gaps.
Skills and attributes for success:
- Manage day-to-day administrative issues and communicating appropriately to the EY Professionals/Third party point of contact/ team manager at GDS.
- Must possess a client- centric and enablement mindset.
- Possess strong communication and inter-personal skills.
- Prioritize tasks and manage time effectively to meet client expectations without compromising on quality or deadlines.
- Foster a diverse and inclusive team environment where all members feel valued and included.
- Uphold the highest standards of ethics, integrity, and values.
- Must be adaptable and agile in dynamic situations, facilitating change management.
- Innovative mindset with proficiency in using current technologies and willingness to adapt to new digital tools to enhance efficiency.
To qualify for the role, you must have
- Education: Graduate/post-graduate
- Experience: 3 to 7 years of relevant experience
- Certification Requirements: Any relevant risk management certifications will be an added advantage
Ideally, you’ll also have
- Credible experience working in a fast-moving, client-driven environment
- Flexibility to work in rotational shifts
Technologies and Tool
- Experience in MS office suites like Microsoft 365, MS excel, PowerPoint
- Business analytics tool like Power-BI
What you can look for
- A Team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environment
- A team which has its foundation in the core values of trust, respect and teaming. The team which focuses on supporting its colleagues to excel in their respective domains and provides avenues to help acquire and demonstrate new skills.
- Opportunities to work with Global Executive risk management teams on strengthening and monitoring compliance framework
What we offer
EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations – Argentina, China, India, the Philippines, Poland and the UK – and with teams from all EY service lines, geographies and sectors, playing a vital role in the delivery of the EY growth strategy. From accountants to coders to advisory consultants, we offer a wide variety of fulfilling career opportunities that span all business disciplines. In GDS, you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills and insights that will stay with you throughout your career.
- 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
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