About the role

Job Specifications

Position:

AM/Manager – FS– Financial Accounting and Advisory Services (FAAS) – Regulatory Reporting

Location: Gurgaon/Chennai/Bangalore/Mumbai

Year: 2022

Company Overview

As a global leader in assurance, tax, transaction, and advisory 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.

The Opportunity:

Assistant Manager/ Manager – FS Clients – (FAAS) Regulatory Reporting–Gurgaon/Chennai/Bangalore/Mumbai

About the EY FAAS Team

FAAS assists EY’s advisory clients in solving their complex accounting, financial reporting (in Indian GAAP, IFRS, US GAAP, or Ind-AS), and regulatory reporting issues (RBI, PRA, EBA, HKMA). FAAS solutions are provided by a senior team – generally, manager and above - with strong financial reporting skills, in-depth sector knowledge, and an advisory mindset.

The challenge of working in the FAAS team is very different from being part of the Audit or Assurance practice or even an industry role, although all of your experience to date will be relevant. Firstly, all assignments are project-based, and the primary skill-set required is one of problem solving, not problem identification. In addition, you will very often find yourself working as part of a multi-disciplinary team, alongside EY professionals from the Transaction Support, Advisory, Valuations, or Tax team. At the manager level and above, you will be responsible for an account portfolio, developing further opportunities to support our clients.

FAAS is strongly aligned to the accounts and Business Unit structure at EY, which is set up according to sector. This means that you will have the chance to improve your sector knowledge of particular industries. FAAS also has a strong network within EMEIA and the Global firm of EY, which means we can bring the best practices and experiences to bear for our clients in India. It may also offer opportunities for international exposure for FAAS India team members.

All this provides an excellent opportunity to build on the skills and knowledge you have developed to date in audit or in industry, and to increase the breadth of your experience in the financial reporting implications of transactions, business models, systems implementation, and tax planning.

FAAS is a small and fast-growing team with excellent exposure to the firm’s key clients, and gives excellent growth opportunities for the right candidates.

FAAS Solutions Include:

Strong experience in Liquidity reporting and capital adequacy reporting space across regulators like RBI/PRA/EBA/HKMA/FED, specifically covering areas of:

Liquidity Coverage Ratio (LCR)
Net Stable Funding Ratio (NSFR)
UK PRA110 reporting
EU COREP/FINREP reporting covering own funds
RWA, credit risk, market risk, and operational risk reporting
Capital Adequacy, Pillar 2 (ICAAP) and Pillar 3 reporting, and Basel II/III/IV norms

Strong knowledge and understanding of derivative products, SFTs, MM Instruments, etc., used across global banks along with its application.

Experience in Banking and relevant Regulatory Systems like Axiom, Murex, etc.

Experience with creating BRDs, Test Cases, and Design documents.

Well versed with SIT/UAT testing and securing sign-off.

Knowledge of JIRA / Quality Centre or a similar tool will be an advantage.

Manage / execute FAAS projects, develop, and implement solutions.

Identify and develop business opportunities; manage accounts (depending on the level).

Coach junior team members, encourage technical excellence, and learning.

Integrate with other EY service lines on multi-disciplinary projects.

Contribute to thought leadership and participate in marketing activities.

Qualifications:

A qualified CA (or equivalent e.g., CPA/ICAEW/ACCA)
Good academic record (1st/2nd time passes for ICAI or equivalent)
Minimum of 4-6 years of relevant post qualification experience
Ability to explain complex accounting and financial reporting issues simply
Advisory mindset, ability to develop solutions for the client with support from technical subject matter experts
Business development skills and aptitude, depending on level. In applicants at Senior Manager and above, a strong track record of business development is expected
Strong project management skills
Excellent communication skills
Strong working knowledge of SQL, Microsoft Excel, and PowerPoint

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Regulatory Reporting - AM/Manager