Quality & Risk Management Analyst

Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Our 107,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on auditing, accounting, tax, and transactions. We strive to help all of our people achieve both their professional and personal goals through an inclusive environment that values everyone's contributions, appreciates diversity of thought, fosters growth, and provides continuous opportunities for development. Recognized by organizations such as Fortune, Working Mother, and Training magazine, Ernst & Young continually strives to be a great place to work.
Job Description:
The Quality and Risk Management (Q&RM) Analyst possesses subject matter expertise and is the initial point of contact for client teams. The Analyst provides research and analysis across a variety of functional areas. The individual will be interpreting Q&RM policies, determining required actions and making recommendations based on firm guidance. Other responsibilities include analyzing issues and producing deliverables to document the diligence with which such tasks were performed, as the work product for these individuals is subject to review and scrutiny by outside regulators. Interactions are generally at the executive level with client team members and Q&RM personnel. Responsibilities Facilitates and drives the process to completion by following up on requests from Q&RM Consultants and assisting the client team. Understands key requirements of firm and regulators’ independence rules and policies. Performs initial review of submissions from client teams and evaluates completeness, accuracy and appropriateness of proposed transaction/requests. Assists client teams with obtaining background materials required to initiate Business Relationship Evaluation Tracking (BRET), Public Company Independence Process (PCIP) or other Q&RM processes. Acts as a liaison between the client teams, other members of the Q&RM team, and various functional areas within the firm (i.e. Center for Business Knowledge, Finance, Strategic Sourcing). Formulates answers to client questions. Manages tasks and activities in a timely manner and is responsible for specific outcomes. Uses analytical and project management methodology and tools. Learns the firm structure, business strategies, and people of the firm. Builds a network of people within Q&RM and across the firm. Plans and organizes own work and keeps others informed of status and activities. Individual is expected to apply judgment to initial consultations and/or submission review and rapidly develop understanding of key requirements of firm and regulator’s independence rules and policies. Individual will reference existing policies; however, due to frequency of unique situations will need to research issues and, through situation specific inquiries, propose solutions to issues. Individual is expected to escalate matters and/or sensitive transactions requiring more experienced individuals to respond or process. For example, a review of a BRET submission by a Q&RM Analyst requires interpretation of whether or not the submission and documentation appropriately conveys the proposed business relationship and evaluation of whether the proposed transaction adheres to the firm’s policies and guidelines. He/she would make this determination based upon policy interpretation. If the submission did not meet the BRET requirements, the Q&RM Analyst would then need to formulate questions and elicit feedback from the client that would help the Q&RM Analyst make a determination as to whether or not the submission should continue to be processed. Knowledge and skills: Knowledge of key requirements of firm and regulators’ independence rules and policies Strong research and communications skills Project management Problem solving Flexibility Initiative General knowledge of the firm Ability to successfully handle multiple tasks Good working knowledge of computers and common software packages Receives ongoing supervision. Follows established procedures to complete tasks; however, must be able to speak intelligently about various compliance or independence issues to clients while communicating processes and identifying and providing solutions Situations can vary frequently and are often unique. For example, a Q&RM Analyst supporting the PCIP process may conduct initial training and educate client teams on key submission requirements. Overtime will be required throughout the year and will vary based on volume of work in the pipeline.Ernst & Young LLP, an equal opportunity employer, values the diversity of our work force and the knowledge of our people.
REQUIREMENTS
Qualifications: To qualify, candidates must have: a bachelor’s degree or equivalent work experience approximately 1-4 years related experience