EY - Manager/Senior Consultant - Third Party Risk Management

Key responsibilities:

- Lead the design and implementation of TPRM operating models, identifying, evaluating, and providing solutions to evaluate complex business and technology risks.

- Follow policies and procedures that support the successful implementation of TPRM operating models.

- Facilitate process walkthrough discussions to document end-to-end business processes and functional requirements.

- Assess the application of legal and regulatory requirements to clients TPRM practices.

- Lead/ Participate in technology enhancement requirements such as Automation, Data Analytics, AI to support TPRM processes.

- Assist in the selection and tailoring of approaches, methods, and tools to support service offering or industry projects.

- Demonstrate a general knowledge of market trends, competitor activities, EY products, and service lines.

- Perform risk assessment/ Screen vendors (individuals and entities) against the following checks:

- Global Sanction lists issued by OFAC, EU and other international and government agencies

- Anti-Bribery and Corruption

- ESG

- Reputational

- Legal

- Politically Exposed Person (PEP) (certain people who hold influential positions which can make them more prone to bribery and corruption)

- Prepare a report summarising assessment outcomes, risk level and associated recommendations

- Due diligence - To be completed with the help of certain databases and risk tools .

- Periodically reach out to vendors hosting data regarding current threats to ensure they are taking necessary steps to reduce exposure

- Help in managing Stakeholders Requirements - Audit, Compliance, legal, BCM, ISG, AP. Conduct UAT testing during System implementation

Skills and abilities:

- Possess knowledge of end-to-end TPRM technology and process support that meets the needs of operations, risk profile and regulatory expectations of the client

- Understanding of the TPRM implementation process - Organize, structure, and build a formal, technology-enabled program to streamline the management of customer audit and risk assessment requests, based on a library of standardized, approved responses

- Ability to evaluate the services provided by vendors, timely review vendor performances and risks associated, and develop appropriate responses

- Demonstrate excellent relationship management and conflict management capabilities in order to guide the client/vendor relationship through such experiences

- Very strong work ethic and ability to deal with confidential information

- Strong problem-solving and analytical skills and experience to work in a multicultural environment

Minimum Education and Experience

- Educational Qualification - Graduate/ Post-Graduate/ LLB / CFA / MBA (Finance) / CA / ICWA

- Relevant experience of 6-8 years for Senior and 9-10 years or more for Manager

- Good hands-on experience in Third Party Risk Management across various industry verticals

- Hands on experience of having defined risk pillars and relevant assessments for various third parties such as vendors, distributors, Joint ventures, Individual business associates

- Excellent communication and executive presence to connect at senior level and ability to influence those stakeholders

- Proficiency in Microsoft Word, Excel, PowerPoint

- Proficiency in Data Science and experience in tools like Power BI, alteryx will be an added advantage (not a deciding factor)

Ideally, you'll also have

- Strong communication, facilitation, relationship-building, presentation, and negotiation skills

- Be highly flexible, adaptable, and creative

- Comfortable interacting with senior executives (within the firm and at the client)

- Strong leadership skills and supervisory responsibility

What we look for:

People with the ability to work in a collaborative way to provide services across multiple client departments while adhering to commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions.

What working at EY offers:

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY:

As a global leader in assurance, tax, transaction and consulting services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.