Analyst - Conflict Check - Risk Management Services

Job description

We at EY are looking for an Analyst for RMS based out of Gurgaon. EY is a globally - integrated professional services organization that provides advisory, assurance, tax and transaction services. We are committed to doing our part to build a better working world for our people, our clients and our communities, and we are united by our shared values and a dedication to delivering exceptional client service.

Team Background:

RMS team at EY plays an important role in managing the internal risks of the firm associated with accepting a new client or an engagement or risks associated with any of our ongoing audit / non audit engagement. Formed in 2007, the QRM team is growing rapidly as a Center of Excellence for all standardized quality / compliance related activities that can be efficiently undertaken from a central location.

The GSS RMS team enjoys good visibility within the global EY RMS community and has been involved in the development of some key QRM processes. The team has a current staff strength of 300+ people and is poised for growing rapidly in next couple of years.

Position –

The incumbent shall be responsible for providing conflict check research & analysis support to RMS team. This person shall be responsible for end to end management of conflicts checks on a daily basis, including analysis of the research for identifying any probable conflicts of interest, and communicating methods of resolution to the engagement teams. The person shall report to team lead - conflicts check

Job purpose

·  Conflicts of interest are situations in which a person's or organization's objectivity, ethics, or responsibility is compromised or appears to be compromised by a competing financial, personal or political obligation, gain, desire, loyalty or bias. These situations are potentially very damaging to a professional services firm such as EY, whose reputation and pedigree are defined by their commitment to maintaining the highest standards of objectivity, ethics and responsibility
·  A conflicts check is one of a number of routine safety checks that are performed before EY takes on a new assignment for a client. Their primary purpose is to identify potential conflicts of interest but they also serve as a means of detecting other risks specific to EY that are associated with acting for certain entities and carrying out certain types of work. In summary then, the functions of a conflicts check are to:

 

Technical responsibilities

·  Identify potential conflicts of interest brought about by doing the assignment
·  Identify risks that are specific to EY that may be brought about doing the assignment for certain commercial enterprises or doing certain work
·  Determine whether the engagement can proceed in light of any issues identified
·  Outline the steps to be taken by client service teams to mitigate the threats
·  Facilitates and drives the process to completion by following up on requests from Q&RM Consultants and assisting the client team
·  Understands key requirements of firm and regulators’ QRM rules and policies
·  Performs initial review of submissions from client teams and evaluates completeness, accuracy and appropriateness of proposed transaction/requests.
·  Acts as a liaison between the client teams, other members of the Q&RM team, and various functional areas within the firm
·  Formulates answers to client questions
·  Manages tasks and activities in a timely manner and is responsible for specific outcomes

Qualifications

·  MBA (International Business/Marketing/Finance);MA-Economics/Financial management
·  Freshers may be considered
·  Strong interpersonal and communication skills
·  Excellent communication skills, both written and verbal

Core Competencies

·  Perform research in propriety EY databases & some external databases to identify the current & historical relationships of EY with the various parties involved in an engagement
·  Upload the research output in the prescribed format in the designated online database
·  Analyse the research to identify any probable conflicts of interest
·  Prepare relevant communication for the engagement with respect to each conflict check request