FS RISK CONSULTING-FSRM - CSTC-CREDIT RISK QUALITY ASSURANCE-QUALITY CONTROL-SENIOR

EY is seeking experienced professionals to join their Financial Services Risk Management (FSRM) team within the Risk Consulting practice. This role focuses on Credit Risk and Quality Assurance within Wholesale Credit Quality Assurance (WCQA) activities. The position offers the opportunity to work either from Hyderabad or remotely from anywhere in the country. EY’s Financial Services Office (FSO) provides integrated consulting services to a wide range of financial institutions, leveraging deep industry knowledge and functional expertise. The successful candidate will contribute to assessing credit portfolios, ensuring underwriting quality, and supporting continuous improvement in credit risk management through rigorous quality assurance processes.

Key Responsibilities:
- Conduct periodic Quality Assurance Reviews (QARs) across wholesale lending credit risk activities, including underwriting, credit analysis, documentation quality, and process adherence.
- Assess the accuracy and appropriateness of risk ratings, financial analyses, and credit decisions.
- Deliver objective and consistent assessments using defined QA methodologies, sampling frameworks, and standardized review protocols.
- Review credit memos, financial models, covenant structures, and approval workflows.
- Identify and document process gaps, control weaknesses, and quality deficiencies, focusing on thematic trends and systemic issues to drive improvements.
- Provide credible challenge to Business/Portfolio Leads and Underwriters on underwriting quality, analytical rigor, and policy adherence, escalating material issues as necessary.
- Support the identification, measurement, monitoring, and control of wholesale credit risks in alignment with risk appetite and governance frameworks.
- Translate policy and standards into testing strategies and standardized test scripts, supporting efficient and scalable QAR execution.
- Prepare high-quality QA deliverables such as workpapers, review summaries, scorecards, and management reports highlighting key findings and actionable recommendations.
- Generate portfolio-level insights and management information to support governance reporting and informed decision-making.
- Track and manage corrective actions and remediation efforts, including follow-ups and root cause analysis to prevent recurrence.
- Collaborate effectively with cross-functional stakeholders to ensure alignment on QA scope, findings, and continuous enhancement of QA frameworks.

Required Qualifications:
- CA or Bachelor’s/Master’s degree in Finance, Accounting, Economics, or a related field.
- 5-7 years of experience in wholesale credit underwriting, credit risk management, loan review, credit quality assurance, or internal audit/assurance related to credit processes.
- Strong understanding of the end-to-end wholesale credit risk lifecycle, including underwriting, monitoring, and credit risk governance.
- Solid knowledge of risk management and control frameworks related to corporate or counterparty credit risk; experience with problem credit assessment is advantageous.
- Ability to evaluate credit processes and control design, identify quality gaps, and assess control effectiveness within a QA or review function.
- Proven capability to review and challenge credit work products, including credit analysis, underwriting rationale, risk identification, and monitoring approaches.
- Strong written communication skills with the ability to produce structured QA reports and articulate thematic insights for senior stakeholders.
- Experience working collaboratively with first and second line of defense teams to drive issue resolution and continuous improvement.
- Awareness of emerging AI/ML methodologies and their application in credit risk management, QA review, and workflow automation.
- Basic AI knowledge, excellent communication, analytical thinking, and problem-solving skills.

Preferred Qualifications and Benefits:
- Professional certifications such as CFA, FRM, or equivalent.
- Experience developing and testing QA test scripts, review checklists, or testing strategies aligned with policy requirements.
- Exposure to portfolio analytics, sampling, and scoping methodologies for QA coverage.
- Familiarity with data analytics tools, reporting dashboards, or workflow automation tools.
- Experience working in managed services or offshore delivery models.
- Advanced knowledge of AI is a plus.

EY is committed to building a better working world by helping clients, people, and society create long-term value and trust in capital markets. Enabled by data and technology, EY’s diverse teams across more than 150 countries provide assurance and consulting services that help clients grow, transform, and operate effectively. Join EY to contribute your unique perspective and expertise in a collaborative and inclusive environment.