Join EY's Financial Services Office (FSO) as a Senior Risk Consulting professional specializing in Financial Services Risk Management (FSRM). Our FSO practice offers integrated consulting services to financial institutions, leveraging deep industry experience and strong functional capabilities. We focus on identifying, measuring, managing, and monitoring market, credit, operational, and regulatory risks associated with capital markets activities.

This role is part of the QA Managed Services team, supporting Wholesale Credit Quality Assurance (WCQA). You will independently review credit portfolios, assess underwriting quality against regulatory and internal policies, and execute end-to-end QA processes within a managed services framework.

Key aspects of the role include executing Quality Assurance Reviews (QARs) across the credit lifecycle, providing credible challenges to underwriters and portfolio teams, and generating insights to enhance credit risk management practices.

Perform periodic Quality Assurance Reviews (QARs) for wholesale lending credit risk activities, including underwriting, credit analysis, and documentation quality. Assess the accuracy of risk ratings, financial analysis, and credit decisions using defined methodologies. Identify and document process gaps, control weaknesses, and quality deficiencies, focusing on thematic trends. Provide credible challenge to business leads and underwriters on credit quality and policy adherence.

Support the effective management of wholesale credit risks within established governance frameworks. Translate policy requirements into testing strategies and scripts. Prepare high-quality QA deliverables, including reports and recommendations. Generate portfolio-level insights for informed decision-making. Track and manage corrective actions and remediation efforts, performing root cause analysis.

Collaborate effectively with cross-functional stakeholders to ensure alignment on QA scope and findings. Contribute to the continuous enhancement of QA frameworks and protocols. Maintain awareness of emerging AI/ML methodologies in credit risk management and QA.

To excel in this role, you should possess a CA or a Bachelor’s/Master’s degree in Finance, Accounting, Economics, or a related field. You'll need 5-7 years of experience in wholesale credit underwriting, credit risk management, loan review, credit quality assurance, or internal audit of credit processes.

A strong understanding of the end-to-end wholesale credit risk lifecycle, including underwriting, monitoring, and governance, is essential. Solid knowledge of risk management and control frameworks for corporate or counterparty credit risk is required. You must be capable of evaluating credit processes, control designs, and identifying quality gaps.

Demonstrated experience in reviewing and challenging credit work products, articulating QA conclusions through clear documentation, and producing structured QA reports for senior stakeholders is key. Excellent written communication skills, a proven ability to collaborate effectively with cross-functional teams, and an awareness of AI/ML methodologies in credit risk management are also important.