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Engaged Employer

Ernst & Young

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3.4

based on 10.6k Reviews

Video summary

2251 Ernst & Young Jobs

Consultant - Risk Consulting - KYC - Wealth Management - Pune

Ernst Young

3.4

based on 10.6k Reviews

3-6 years

₹ 6.96 - 10.47362L/yr (AmbitionBox estimate)

Pune

1 vacancy

Consultant - Risk Consulting - KYC - Wealth Management - Pune

Ernst & Young

posted 4d ago

Job Role Insights

Flexible timing

Key skills for the job

Outsourcing Operations Wealth Management Financial Services Financial Due Diligence Enterprise Risk Management

+ 3 more

Job Description

Full review of client profiles in the KYC system for individual and institutional (entity) Wealth Management clients and provides regular, meaningful, and accurate periodic updates.
Expertly reviews documentation to confirm CIP and assess KYC information including source of wealth, source of funds, etc.
Utilizes AML background coupled with client documentation as well as information available in the public domain to evaluate content of client profile created by front office partners including nature of business, etc.
Understanding of the US Beneficial Ownership Rule to identify ultimate beneficial owner(s) and control person and ensures accuracy of information within client profiles.
Works with his/her line management and other colleagues to ensure that the meets the required audit, risk and compliance standards as determined, from time to time, in accordance with advised changes in processes and procedures pursuant to amendments in guidance and best practice.
Performs Initial due diligence, conducting independent research and initiating Relationship Manager/Front Office outreach.
Works with colleagues and line management in reviewing such Wealth Management documentation and efficiently highlighting due diligence documentation (if any) requiring update, due to inadequacy or aging by agreed modes of communication, with professionalism of approach and timely escalation of material issues arising.
Support and train colleagues within the Review team.
Creates documentation, procedures, escalation channels and governance to remediate identified issues.

To qualify for the role you must have

Experience of 3-6 years in reviewing Individual and Institutional (entity) client profiles including CDD and EDD.
Knowledge of trust, deposit, and lending product documentation.
Familiarity with formation documentation of various legal entity types (Corp, LLC, LP, etc.) as well as documentation applicable to various industry sectors (Funds, NGOs, etc.).
Knowledgeable regarding PEPs, Non-Bank Financial Institutions, etc.
Strong organizational and communication skills.
Documentation analysis and ability to research and understand CIP and KYC requirements to identify exceptions.
Knowledge of the US AML/KYC regulations and requirements.
General knowledge of Microsoft Office applications relating to designated areas of responsibility.

Skills and attributes

In addition to technical competence, what will set you up for success at EY is your ability to

Determine that the work delivered is of high quality.
Anticipate and identify engagement related risks and escalate issues as appropriate.
Actively establish client (process owner/functional heads) and internal relationships.
Assist and share knowledge with team members, Seniors and Managers in developing new methodologies and internal initiatives and participate in performing procedures especially focusing on complex, judgmental and/or specialized issues. Work with the team and the client to create plans for accomplishing engagement objectives and a strategy that complies with professional standards and advise clients to understand and manage their business risks and verify the validity of their business information
Brief the engagement team on the clients IA environment and industry IA trends. Maintain relationships with client management to manage expectations of service, including work products, timing, and deliverables. Demonstrate a thorough understanding of compliance, financial, and operational risks along with performing internal control testing, develop internal audit plans, and provide internal audit services on an outsourcing basis. Assess internal controls and SOX framework in order to mitigate risk and apply it to client situations
Bring and utilize extensive knowledge of the clients business/industry to identify technological developments and evaluate impacts on the clients business. Demonstrate excellent project management skills, inspire teamwork and responsibility with engagement team members, and use current technology/tools to enhance the effectiveness of deliverables and services.
Understand EY and its service lines and actively assess what the firm can deliver to serve clients.

Employment Type: Full Time, Permanent

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What people at Ernst & Young are saying

3.3

Rating based on 1k Consultant reviews

Anonymous · Marketing & Communication in Hyderabad / Secunderabad

Likes

Your career will be absolutely shelved if you work at EYq India. They don't care about your particular skill set or area of expertise, they just throw you in a client role where both parties would be clueless about and expect you to be the one to perform.

Dislikes

EY India is a goddam narcissist organization.