Consultant - Business Consulting Risk at EY (Ernst & Young)

EY (Ernst & Young) · Mumbai, Maharashtra, India

📋 Job Details at a Glance 📍 Location Mumbai, Maharashtra, India 🏢 Company EY (Ernst & Young) 👥 Experience Fresher 🎓 Qualification Chartered Accountant (CA), Certified Internal Auditor (CIA), or Master’s in Business Administration (MBA) 📅 Eligible Batch 2024, 2025, 2026 📄 Job Type Full Time 💰 Salary ₹7.5 – ₹11.5 LPA 🏢 Industry Banking & Finance 🛠 Key Skills Problem Solving Communication Skills Basic Computer Knowledge SQL Python Consultant - Business Consulting Risk at EY (Ernst & Young) — Full Details & How to Apply EY (Ernst & Young) is seeking fresh talent for the Consultant - Business Consulting Risk role in Mumbai, Maharashtra, India , offering a competitive salary of ₹7.5 – ₹11.5 LPA for qualified candidates. This position is pivotal in helping clients navigate the complexities of risk management in the banking and finance sector. The Consultant - Business Consulting Risk role is increasingly vital as the banking and finance industry places greater emphasis on risk management. With regulatory environments becoming more complex, professionals in this role will be instrumental in guiding clients through these challenges, ensuring compliance and enhancing operational efficiency. EY (Ernst & Young) is one of the 'Big Four' accounting firms, employing over 300,000 professionals globally. This extensive network provides unparalleled resources and support for consultants, fostering a collaborative culture that encourages innovation and professional growth. This opportunity is ideal for 2024, 2025, 2026 graduates with qualifications as a Chartered Accountant (CA), Certified Internal Auditor (CIA), or Master’s in Business Administration (MBA) . As a fresher, you can expect a robust career trajectory with a starting salary of ₹7.5 – ₹11.5 LPA . In this role, you will develop essential skills such as problem solving , communication skills , and proficiency in SQL and Python . The exposure to advanced risk management frameworks will not only enhance your expertise but also open doors to senior consulting roles within 2-3 years , significantly advancing your career. 📊 Role Difficulty: Medium | Competition Level: High | Fresher Friendly: Yes NexisGrow.com features this opportunity as part of its curated non-tech job listings. All details are sourced from the official job posting. Apply online before the opportunity closes. Job Role & Responsibilities The core mission of the Consultant - Business Consulting Risk role at EY is to enhance client risk management processes through data-driven insights and tailored consulting solutions. Analyze client risk management processes using SQL to identify areas for improvement and enhance operational efficiency. Utilize Python for data analysis and visualization, supporting comprehensive risk assessments and informed decision-making. Collaborate with cross-functional teams, including IT and compliance, to implement effective risk control measures and ensure regulatory adherence. Monitor and report on key performance indicators ( KPIs ) related to risk management effectiveness, driving continuous improvement. Take ownership of client projects, ensuring timely delivery and adherence to quality standards through effective project management. Document findings and prepare reports for clients, enhancing communication and transparency in risk consulting solutions. Engage with clients to solve complex problems, providing tailored risk consulting solutions that meet their specific needs. At EY , you will experience a culture of ownership, where your contributions directly impact client success and organizational growth. Required Skills & Technical Competencies The skill profile for this role emphasizes a blend of technical and soft skills essential for effective risk consulting at EY . Technical Skills Problem Solving — intermediate — critical for identifying and addressing client risk issues effectively through data analysis. Communication Skills — intermediate — essential for presenting findings and recommendations clearly to clients and stakeholders. Basic Computer Knowledge — entry — necessary for navigating various software tools used in risk analysis and reporting. SQL — entry — used daily for querying databases and extracting relevant data for analysis and reporting. Python — entry — applied in data manipulation and analysis, crucial for developing insights in risk management. Soft Skills & Professional Competencies Critical thinking — enables the identification of underlying issues in client risk management processes. Attention to detail — ensures accuracy in data analysis and reporting, minimizing errors in client deliverables. Adaptability — allows for effective collaboration with diverse teams and adjustment to evolving client needs. Client engagement — fosters strong relationships with clients, enhancing trust and satisfaction in consulting services. Good to Have (Bonus Skills) Data Visualization — enhances your ability to present complex data in an understandable format for clients. Project Management — helps in managing multiple client projects efficiently, ensuring timely delivery. Financial Modeling — provides a deeper understanding of financial risks and their implications for clients. When showcasing these skills in your resume or interview, emphasize specific examples of how you have applied them in relevant contexts. Eligibility Criteria This role is designed for recent graduates who possess the necessary qualifications and a strong foundational knowledge in finance and risk management. Candidates must hold a Chartered Accountant (CA) , Certified Internal Auditor (CIA) , or Master’s in Business Administration (MBA) . Eligible batches include 2024 , 2025 , and 2026 , ensuring fresh perspectives in the consulting space. No prior experience is required, making this role ideal for recent graduates looking to start their careers. A minimum academic performance of 50% is expected to ensure a strong foundational knowledge. Internship experience in finance or consulting can provide a competitive edge in the application process. Documentation & Portfolio Requirements Ensure your resume is formatted clearly, including your educational qualifications, relevant skills, and any internship experiences that align with the role. Pro tip: Highlight any projects or coursework that demonstrate your proficiency in SQL and Python during your application process. Salary for Consultant - Business Consulting Risk at EY (Ernst & Young) 💰 Compensation ₹7.5 – ₹11.5 LPA The advertised compensation for the Consultant - Business Consulting Risk role at EY (Ernst & Young) is ₹7.5 – ₹11.5 LPA . The exact in-hand figure and any additional components are confirmed by the company during the offer or HR discussion stage. Selection Process at EY (Ernst & Young) The selection process for the Consultant - Business Consulting Risk role is designed to identify candidates who possess the necessary skills and cultural fit for EY . 1 Online Aptitude Test — 60 minutes, assessing quantitative and logical reasoning skills. 2 Technical Interview — focuses on SQL , Python , and risk management concepts. 3 Behavioral Interview — evaluates cultural fit and problem-solving abilities through situational questions. 4 HR Interview — discusses salary expectations and company fit, with offers typically made within a week. Topic-wise Preparation Guide Round 1: Online Aptitude Test Quantitative Aptitude — essential for the initial assessment of analytical skills. — Khan Academy Logical Reasoning — important for problem-solving in risk scenarios. — GeeksForGeeks Data Interpretation — relevant for analyzing financial data. — Khan Academy Basic Mathematics — foundational for quantitative assessments. — Khan Academy Round 2: Technical Interview SQL Queries — focus on data retrieval and manipulation techniques. — W3Schools Python Basics — understanding libraries used for data analysis. — Udemy Risk Management Principles — foundational concepts relevant to the role. — Coursera Financial Regulations — knowledge of compliance standards in banking. — Coursera Analytical Thinking — depth expected in problem-solving scenarios. — MindTools Round 3: Behavioral Interview STAR Method for Behavioral Questions — helps structure responses effectively. — MindTools Conflict Resolution — scenarios related to teamwork and collaboration. — MindTools Technical Deep-Dive on Risk Analysis — specific to the role's responsibilities. — Coursera Timeline & Expectations The typical timeline from application to offer is approximately 2-4 weeks , depending on the number of candidates and scheduling. Prepare thoroughly for each round, as EY values both technical skills and cultural fit. Expected Interview Questions for Consultant - Business Consulting Risk at EY (Ernst & Young) These questions are based on the role's actual tech stack and responsibilities. Technical Questions How do you write a basic SQL query to extract data from a table? Explain the purpose of a risk assessment in business consulting. What Python libraries would you use for data analysis? Describe a situation where you identified a risk and how you addressed it. What are the key components of a financial model? How would you approach a data visualization task? Behavioral Questions Describe a time when you worked in a team to solve a problem. How do you handle tight deadlines and pressure? Give an example of a challenging situation you faced and how you overcame it. What motivates you to work in the consulting field? Role-Specific Questions What do you understand by risk management in the banking sector? How would you prioritize tasks when managing multiple client projects? What tools would you use to analyze risk data? Use the STAR method to structure your answers, focusing on specific examples from your experience. Resume Tailoring & ATS Keywords for Consultant - Business Consulting Risk Optimizing your resume for ATS is crucial for standing out in the application process. ATS Keywords to Include Consultant Business Consulting Risk Management SQL Python Problem Solving Communication Skills Chartered Accountant Certified Internal Auditor Master’s in Business Administration Mumbai Full Time Resume Tips for This Role Highlight relevant coursework or projects related to risk management and finance. Emphasize any internships or practical experience in consulting or finance. Include technical skills like SQL and Python prominently in your skills section. Optimize for ATS by using keywords from the job description. Avoid including unrelated work experience that does not pertain to the role. Build an ATS-optimized resume for this role using NexisGrow Resume Builder — free for all job seekers. Do not include generic skills or experiences that do not align with the job description. About EY (Ernst & Young) Founded in 1989 , through the merger of Ernst & Whinney and Arthur Young & Co., EY is headquartered in London, UK , and operates in over 150 countries . With a workforce of over 300,000 employees , the firm has established a significant global footprint, providing a wide range of services in the banking and finance sectors. EY specializes in assurance, tax, transaction, and advisory services, with notable platforms like EY Global Tax Platform and EY Digital Transformation Services . The firm’s comprehensive offerings cater specifically to the needs of clients in the banking and finance industries, ensuring tailored solutions for complex challenges. The company fosters a culture of inclusivity and innovation, reflected in its 4.0 rating on Glassdoor for employee satisfaction. EY has been recognized with awards such as the Great Place to Work certification, emphasizing its commitment to employee development and well-being through various mentorship and training programs. Recently, EY announced a strategic partnership with Microsoft to enhance its digital transformation services, showcasing its focus on technology-driven solutions. This initiative aims to leverage advanced analytics and cloud capabilities to better serve clients in the banking sector. Joining EY as a fresher provides unparalleled access to mentorship and training programs, making it an ideal launchpad for a career in business consulting. The firm’s strong presence in Mumbai offers new employees a unique opportunity to grow in a vibrant financial hub. Why Join EY (Ernst & Young) as Consultant - Business Consulting Risk? As a Consultant - Business Consulting Risk at EY , you will gain invaluable experience in risk management, utilizing essential tools like SQL and Python for data analysis. This role provides a unique opportunity to work with leading clients in the banking sector. Hands-on Experience — Develop practical skills in SQL and Python , crucial for effective risk management. Networking Opportunities — Collaborate with high-profile clients in the banking sector, expanding your professional connections. Career Advancement — Potential to progress to roles such as Senior Consultant or Manager within 2-3 years , based on performance. Collaborative Culture — Engage in knowledge sharing, benefiting from the expertise of seasoned colleagues. Work-Life Balance — Enjoy flexible work arrangements that complement Mumbai's vibrant lifestyle. According to NexisGrow.com, starting your career at EY equips you with essential skills and a robust professional network, setting the stage for long-term success in the banking and finance industry. Frequently Asked Questions Interview · Role · Salary · Growth ? Who can apply for Consultant - Business Consulting Risk at EY (Ernst & Young)? Eligibility Tap to expand + Answer Candidates with Chartered Accountant (CA), Certified Internal Auditor (CIA), or Master’s in Business Administration (MBA) and Fresher experience are eligible. Eligible batches: 2024, 2025, 2026. ? What skills are most important for this role? Skills Tap to expand + Answer Key skills: Problem Solving, Communication Skills, Basic Computer Knowledge, SQL, Python. Strong fundamentals and practical project experience matter most. ? What is the salary for this position? Salary Tap to expand + Answer Compensation: ₹7.5 – ₹11.5 LPA. Final offer depends on skills, experience, and interview performance. ? What is the interview process at EY (Ernst & Young)? Interview Tap to expand + Answer Typically: Resume shortlisting → Online test → Technical interview(s) → HR round. ? Is this role remote, hybrid, or onsite? Work Mode Tap to expand + Answer Work mode varies by team. Confirm with HR during recruitment. ? What is the career growth path from this role? Growth Tap to expand + Answer Structured appraisals every 6–12 months. Senior roles accessible within 12–18 months based on performance. ? How do I apply? Application Tap to expand + Answer Apply via the official link in How to Apply section. Highlight: Problem Solving, Communication Skills, Basic Computer Knowledge, SQL, Python. ? Is there a probation period? Probation Tap to expand + Answer Standard 3–6 months probation. Confirmation follows successful completion. ? How to prepare for the Consultant - Business Consulting Risk interview? Preparation Tap to expand + Answer (1) Core concepts of Problem Solving, Communication Skills, Basic Computer Knowledge, SQL, Python, (2) 2–3 project walkthroughs, (3) Problem-solving, (4) EY (Ernst & Young) research, (5) Clear communication. ? What is the work culture like at EY (Ernst & Young)? Culture Tap to expand + Answer Research on LinkedIn and Glassdoor for authentic employee reviews. NexisGrow.com features only verified employers. 🔗 Explore More on NexisGrow More jobs in Mumbai Browse all Non-Tech jobs Latest Fresher jobs More jobs at EY (Ernst & Young) Work From Home jobs Ready to Apply? Don't Miss This Opportunity! Apply only via the official link. NexisGrow.com charges zero application fees. 👉 Apply Now — Official Link NexisGrow.com does not charge any application or registration fees. Beware of fraudulent offers. Naukri ki baat, NexisGrow ke saath • NexisGrow.com