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Personal Independence Reporting Assistance, Associate
Risk Management supports our people in managing the risks that arise during our daily working lives. We work closely with all parts of the organization to identify, manage, and monitor risk, providing coordinated advice and assistance on independence, conflicts, compliance, regulatory, policy, security issues, as well as dealing with claims and any queries regarding ethics.
The opportunity
We are operating in an increasingly connected world which is changing how to manage risk. With fast-paced technological advancements, new innovations in emerging technologies, and an ever-challenging regulatory environment, it is business critical for our organization to identify not only the risks but the opportunities these present to us. As an Independence Associate, you'll be responsible for reviewing and conducting assessments of the personal financial independence of EY personnel thereby helping to mitigate this area of risk for the firm.
This position requires a general understanding of audit principles; and is responsible for learning Quality and Risk Management (Q&RM) policies, determining required actions in standard situations and making recommendations based on firm guidance and professional standards. As the work product may be subject to review and scrutiny by outside regulators, you'll be responsible for reviewing and analyzing highly sensitive information and documenting the diligence with which tasks were performed and the conclusions reached.
As an Independence Associate you must be prepared to communicate with team members at all levels. Interaction with EY personnel of all ranks, up to and including partners, is a regular facet of the role. In addition, this position requires knowledge that has been expanded through exposure to diverse standard Q&RM situations and requires the ability to provide counsel or guidance on standard issues and contributes to discussions on highly complex matters that deviate substantially from the norm.
This position works independently with periodic feedback, taking responsibility for Independence related reviews/assessments and conducting necessary research or reviewee outreach. You'll be expected to be prepared to interface with EY personnel at all levels and must be able to demonstrate knowledge, communicate processes, identify issues and provide solutions for mitigating risk.
The Personal Independence Associate position requires independent decision-making skills in deciding whether investments are allowable or not. This position responds to or works on standard to highly complex non-standard matters that deviate substantially from the norm. You will gain the knowledge and experience to appropriately determine when to escalate issues that require additional review by more senior team members to obtain the correct answer or solution.
This position requires judgment on initial or escalated Personal Independence related matters and an understanding of key requirements of firm Independence policies and regulator's independence rules. You'll reference existing policies and knowledge and experience to review situations, investigate matters through consultation and through inquiry of the reviewee and propose solutions to issues.
Your key responsibilities
Understand and apply knowledge of key requirements of firm and regulators' independence rules and policies
Perform Independence related reviews of the personal financial information of EY personnel, including line partners and senior firm executives, using an established audit program for compliance with reporting requirements, EY policies and regulatory pronouncements regarding personal financial independence of proscribed entities
Review information provided by reviewees including supporting documentation and information entered firm monitoring databases
Conduct necessary research to resolve whether a personal financial relationship is permitted or prohibited
Document work processes and findings appropriately
Communicate effectively and appropriately with auditees to clarify and/or obtain additional information. Express needs clearly, provide guidance, answer questions, and listen to their needs/concerns
Facilitate and drive the process to completion by following up on requests to reviewees
Propose suggestions and solutions for improvements and/or develop deliverables by leveraging personal independence assessment knowledge, firm experience, and existing Q&RM processes
Manage tasks and activities in a timely manner, support colleagues to meet their deadlines and be responsible for specific outcomes
Maintain and expand current knowledge of field and communicate new developments and resulting impacts to clients and team members
Develop relationships and build a network of people within Q&RM and across the firm through regular interaction
Meet monthly productivity requirements in addition to contributing to additional projects to support the needs and goals of the team
Exercise judgment in how to accomplish the objectives of designated projects or parts of projects
Overtime will be required throughout the year and will vary based on volume of work in the pipeline
Skills and attributes for success
Good interpersonal and responsive customer service skills
Strong oral and written communications skills
Able to develop a broad knowledge of the firm and its practices
Able to successfully handle multiple tasks
Good working knowledge of computers and common software packages
Experience performing internal or external audits
Organizational skills and attention to detail
Problem solving and research skills
Exercise high levels of discretion as entrusted with highly sensitive and confidential data
Flexibility
General knowledge of different financial relationships and investments
Basic understanding of tax forms (i.e. Forms 1099-DIV, 1099-INT, 1099-R, Schedule K-1, etc.) and the financial relationships they represent
To qualify, you must have
0 to 3 plus years related work experience is preferred
Bachelor's degree; or equivalent work experience
What we look for
We’re interested in people that will take responsibility for complex Risk Management/Independence projects or significant aspects of highly complex projects.
What we offer you At EY, we’ll develop you with future-focused skills and equip you with world-class experiences. We’ll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more.
We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $57,400 to $104,100. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $68,800 to $118,300. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.
Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
Are you ready to shape your future with confidence? Apply today. EY accepts applications for this position on an on-going basis.
For those living in California, please click here for additional information.
EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.
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.
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EY provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, genetic information, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.
EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and either need assistance applying online or need to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, select Option 2 for candidate related inquiries, then select Option 1 for candidate queries and finally select Option 2 for candidates with an inquiry which will route you to EY’s Talent Shared Services Team (TSS) or email the TSS at ssc.customersupport@ey.com.
