RMS - Independence - Senior Associate

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Career Family-Risk Management Services (Independence)

Role Type-Senior Associate / Lead Analyst

Competency-AQIP / PCIP (Core) / Private Equity (Core)

Senior Associate - Independence - Risk Management Services

This role requires the candidate to execute globally defined processes built in accordance with the EY Global (EYG) Independence policies aimed towards safeguarding EY as an Independent auditor. These services are provided to EY country practices across globe enabling them to take decisions on new client acceptances and / or continuances.

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 functions, i.e., Independence within Risk Management Services (RMS) responsible for assisting client-serving teams in maintaining EY's Independence for its existing and prospective audit / non-audit clients.

Auditor Independence is a regulatory requirement that aims to create an 'arm's length' distance between the Accounting Firm, its client serving employees and EY's audit clients. This is done to ensure that that EY Member Practices and their professionals should be (in fact) and should appear to be (in appearance) free from interests that might be regarded as being incompatible with objectivity, integrity, and impartiality of the audit.

RMS Independence team is currently 950+ people strong, operating from 3 countries and 5 centre's : India (Gurugram, Kochi, Bengaluru), Poland (Wroclaw), Philippines (Manila). The team is closely integrated with Global Independence and has been involved in development of key Independence processes.

The role offers opportunities to work in a dynamic, growth-focused environment, with a special emphasis on protecting EY's reputation as an independent auditor, by providing support on niche profiles to EY member firm practices. It also involves close collaboration with global teams and stakeholders to strengthen the compliance framework and foster a mindset of continuous improvement and client enablement.

Key Responsibilities

A senior associate / Lead Analyst in the team will be primarily responsible to develop good working knowledge of firm level Independence concepts. The individual will be performing / reviewing procedures as laid down in the EYG Independence policies along with hands on experience in research and evaluating procedures as mentioned in standard operating model, thereby helping client serving / audit / pursuit teams in mitigating independence-related risk. In this role, candidate will be required to communicate with senior team members from audit / pursuit teams to resolve queries and gather information, thus would be expected to become a subject matter expert in Independence processes.

Technical expertise

• Thorough understanding and ability to interpret client's company structure, applicability of different entity attributes and relationships in accordance with audit client and affiliate definition as per EYG Independence policy
• Build working knowledge of different internal Independence tools and systems under teams' purview.
• Understand audit / pursuit team's requirement and complete / review all assigned projects / tasks in line with the standard operating procedures
• Conduct secondary research using internal and external databases
• Build strong credibility by sharing insights and technical acumen, while engaging in relevant discussions with internal and external stakeholders.
• Develop technical expertise of Independence processes to assume subject matter expert responsibilities.
• Analyse the research findings and provide preliminary recommendation in response to the research requirement
• Take responsibility for high quality execution of the engagement and overall project by using project management methodologies
• Contribute towards process improvement and / or suggest new approaches in the process
• Flags issues / potential challenges (if any) to the team managers, so that timely action can be initiated
• Understand and work towards to meet / exceed the defined individual KPIs for the role

Client Management

Teaming and Collaboration

Skills And Attributes For Success

To qualify for the role, you must have

Technologies and Tools

What You Can Look For

What We Offer

EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations – Argentina, 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.

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Skills Required

capital iq, Sharepoint, Factiva, Ms Office