Join EY in Edinburgh as a Senior Consultant, Wealth & Asset Management, Risk & Regulatory Advisory. In this role, you will help financial institutions strengthen risk and compliance, navigate regulatory change, and transform operating models using data, automation, and AI.
Requirements
Experience in wealth and/or asset management risk at a major firm, intermediary, or consulting practice.
Up-to-date knowledge of the regulatory environment impacting wealth and asset managers.
Strong project management, report writing, and presentation skills.
Strong academic background.
Preferred: Experience with transformation or regulatory change programmes, UK prudential regime (ICARA, MIFIDPRU), and exposure to AI or data in a risk setting.
Skills & Responsibilities
Project Management: Lead small teams and support engagement planning and delivery on wealth and asset management engagements.
Regulatory Advisory: Help firms navigate regulatory change, respond to FCA actions, and manage prudential and capital adequacy processes.
Risk Transformation: Design and review end-to-end risk management frameworks, RCSAs, and control environments.
AI & Data Innovation: Use AI tools, automation, and data to make risk and compliance more efficient and help firms govern AI responsibly.
Potential transition routes: People from internal audit, compliance, or risk management roles may bring regulatory knowledge and analytical skills, alongside meeting strong project management and communication requirements.
Job description
At EY, we’re all in to shape your future with confidence.
We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.
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.
EY | Building a better working world
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
