Senior Consultant, Wealth & Asset Management, Risk & Regulatory Advisory

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Senior Consultant, Wealth & Asset Management Risk & Regulatory Advisory

EY's Financial Services practice is a unique industry focused business unit that provides a broad range of integrated services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker dealers, asset managers, insurance and energy trading companies.

EY UK's Wealth & Asset Management Risk & Regulation Team works across the wealth and asset management market with a diverse portfolio of clients. We help them strengthen risk and compliance, deliver regulatory change and transform how their risk and compliance functions operate, increasingly using data, automation and AI.

The Wealth & Asset Management Risk & Regulation Team focuses on delivering lasting benefits to our clients by helping them make better business decisions through more effective, efficient and forward-looking risk and compliance management.

The opportunity

Our objective is to be the market leader in supporting the CRO and CCO agenda. The sector is changing quickly. Firms face new regulation, pressure on margins, platform and operating model consolidation, and the arrival of AI in both the front office and the control functions. That makes this an exciting time to join us.

The Wealth & Asset Management Risk & Regulation Team offers both breadth and depth across Regulatory, Compliance and Risk Management initiatives. Our work ranges from targeted advice on specific parts of the Conduct and Risk Management Frameworks, through to large Risk and Compliance Transformation programmes that redesign operating models, modernise controls and put technology and AI to work, collaborating with multiple EY teams

Your key responsibilities

As a Senior Consultant within the Wealth & Asset Management Risk and Regulatory Consulting team your typical engagements supported by our wealth & asset management professionals include:

• Helping firms navigate the next wave of regulatory change
• Helping firms respond to actions and requests from the FCA, including remediation programmes and skilled persons reviews
• Supporting firms on prudential and capital adequacy, including ICARA processes, own funds and liquidity assessments, stress testing and wind down planning
• Designing and transforming risk and compliance operating models, including target state design and delivery
• Designing and reviewing end to end risk management frameworks, RCSAs and control environments
• Using data, automation and AI to make risk and compliance more efficient and insight driven, such as automated controls testing, monitoring and surveillance
• Helping firms govern their own use of AI responsibly, with frameworks that keep humans in the lead
• Regulatory due diligence on transactions, helping buyers and investors understand the risk and regulatory position of a target
• Designing and reviewing governance and organisational structures
• Risk culture, and embedding ownership so that controls work in practice as well as on paper

You will:

• Contribute to the articulation of EY findings, conclusions and recommendations in writing or verbally
• Support the analysis of emerging issues, including the impact of AI on the sector, the articulation of an EY point of view and the development of EY propositions
• Use AI tools in your own day to day delivery to work smarter and bring fresh insight to clients
• Support engagement planning and management, and lead small teams on wealth and asset management engagements
• Work effectively as a team member, sharing responsibility, providing support and updating senior members on progress
• Support bids and proposals for new client opportunities and grow existing valued relationship

To qualify for the role, you must have some or all of the following:

• Experience of Wealth and/or Asset Manager’s risk experience at a major asset manager, wealth manager or intermediary or another consulting firm
• Up to date knowledge of the regulatory environment impacting Wealth & Asset Managers
• Strong project management experience
• Strong academic background
• Strong report writing and presentations skills

Ideally you will also have

• Experience of transformation, operating model or regulatory change programmes
• Exposure to the UK prudential regime for investment firms, such as ICARA and MIFIDPRU
• Interest in, or exposure to, AI, data or automation in a risk or compliance setting
• Client management skills and ability to build and develop networks and relationships
• Ability to prioritise and challenge
• Commercial awareness
• Ability to work in a consulting role, with the ability to build networks and relationships

What we look for

We are looking for curious, proactive people with a real interest in risk and regulation. You'll enjoy getting to grips with how firms manage risk, meet their conduct and prudential obligations and turn regulatory change into better outcomes for their business and customers. You'll be confident forming a view and challenging constructively, and you'll want real opportunities for personal and professional growth.

What we offer

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with MyReward you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Apply now.

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