Personal Independence Reporting Assistance, Associate

Location: Anywhere in Country

 

At EY, we’re all in to shape your future with confidence. 

 

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.  Join EY and help to build a better working world.

 

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