EY is hiring an Associate Consultant for its Business Consulting Risk team in Ahmedabad, supporting Process & Controls engagements within the Advanced Manufacturing, Mobility & Infrastructure (AMI) sector. The role involves assisting with internal audit, risk advisory and controls assessment activities, including business process walkthroughs, documentation reviews, control testing and analysis of financial, operational and transactional data. Candidates will also contribute to risk and control matrices, process flows and engagement documentation while working with senior team members and client departments.
This opportunity is suited to early-career professionals who want to build practical experience in risk consulting, internal controls and business process analysis while working on client-facing engagements. The role combines analytical work with documentation, stakeholder interaction and structured problem-solving.
Risk Consulting Exposure
EY's CNS Risk - Process & Controls team works across areas including Enterprise Risk, Technology Risk and Financial Services Risk. In this position, an Associate Consultant will support senior team members in evaluating business processes and identifying risks that could affect operational objectives, compliance requirements and internal controls.
The work is not limited to reviewing documents. Candidates can expect exposure to process walkthroughs, control assessments, transaction analysis and engagement documentation, providing an understanding of how organizations design and operate their control environments. Pasted text
What You Will Work On
A significant part of the role involves understanding how a business process operates from start to finish. You may participate in walkthroughs with process owners, review supporting documentation and identify important points where risks could arise.
The position also involves supporting the evaluation of whether controls are appropriately designed and operating effectively. This can include reviewing evidence, performing testing procedures and documenting observations in accordance with EY methodology.
Typical responsibilities include:
Supporting internal audit, risk advisory and controls assessment engagements
Understanding business processes and organizational objectives
Identifying key business risks and controls
Supporting process walkthroughs and documentation reviews
Performing control testing under senior team guidance
Analyzing financial, operational and transactional data
Identifying trends, exceptions and potential areas of concern
Preparing Risk and Control Matrices (RCMs)
Creating process flows and working papers
Reviewing policies, procedures and business practices
Comparing processes against internal requirements and leading practices Pasted text
Process And Controls Skills
The role is particularly relevant for candidates interested in understanding how organizations manage operational and compliance risks.
A Risk and Control Matrix (RCM) is one important concept to understand. An RCM connects a business process with the risks associated with that process and the controls implemented to mitigate those risks.
For example, in a procurement process, a risk could involve unauthorized purchases. A control might require purchase orders above a certain threshold to receive approval from an authorized manager. The consultant may then evaluate whether that control exists, whether it is appropriately designed and whether evidence demonstrates that it operated effectively.
Understanding this relationship between process → risk → control → evidence → testing → conclusion is useful preparation for this role.
Analytical Work And Data Review
The position also requires candidates to work with financial, operational and transactional data to identify unusual patterns, exceptions or areas requiring further investigation.
Strong analytical thinking can therefore be valuable even though this is not primarily a software development position. Candidates should be comfortable examining structured information, comparing records, identifying inconsistencies and communicating findings clearly.
Knowledge of Excel, SQL, data analysis or business intelligence tools can strengthen a candidate's ability to work with large datasets, although the provided job description does not specify a mandatory technology stack.
Documentation Matters
Consulting engagements require clear and traceable documentation. Associates may contribute to working papers, process flows, RCMs and engagement documentation that allow senior team members and clients to understand the work performed and the conclusions reached.
Attention to detail is particularly important here. A strong analyst should be able to distinguish between a process description, a risk statement, a control activity and the evidence used to test that control.
Clear documentation also helps ensure that engagement work follows the required methodology and can be reviewed efficiently by senior team members. Pasted text
Qualification And Experience
The stated qualification requirements include specific undergraduate and postgraduate backgrounds:
Eligible qualifications include:
Bachelor of Commerce
Master of Commerce
Bachelor of Technology in Computer Science
Bachelor of Technology in Mechanical Engineering
Master of Technology in Civil Engineering
The listed experience range is 0–2 years, with relevant experience areas including technical experience, Governance, Risk and Compliance (GRC), and internal audit. Pasted text
B.Tech Computer Science candidates are explicitly listed as eligible.
For a Computer Science graduate, the strongest way to position the profile is to emphasize analytical ability, structured problem-solving, data interpretation, documentation and understanding of technology-enabled business processes.
What Recruiters May Evaluate
Candidates should be prepared to demonstrate more than theoretical knowledge. The role emphasizes the ability to work collaboratively across client departments while following commercial and legal requirements.
Recruiters may look for evidence of:
Analytical thinking: Ability to examine information and identify exceptions or potential risks.
Problem-solving: Ability to break down complex business issues into manageable areas.
Communication: Ability to explain observations clearly to senior team members and clients.
Documentation: Ability to maintain accurate and structured working papers.
Adaptability: Willingness to work across different business processes and client environments.
Continuous learning: Interest in developing knowledge of risk, controls, audit and consulting practices. Pasted text
Skills Worth Building
Candidates preparing for this type of position can benefit from learning the fundamentals of:
Internal Audit — Understand audit objectives, evidence, testing and findings.
Risk Assessment — Learn how organizations identify, evaluate and prioritize business risks.
Internal Controls — Understand preventive and detective controls and how their effectiveness is assessed.
GRC — Become familiar with Governance, Risk and Compliance concepts.
Process Mapping — Learn how to represent business processes and identify control points.
RCM Preparation — Practice connecting risks, controls, testing procedures and evidence.
Data Analysis — Develop the ability to analyze structured business and transactional data.
Business Communication — Practice explaining technical or analytical findings in simple business language.
These areas directly align with the responsibilities described for the position. Pasted text
Understanding The AMI Industry
This position sits within EY's Advanced Manufacturing, Mobility & Infrastructure (AMI) industry market.
AMI covers sectors including Aerospace and Defence, Chemicals, Infrastructure, Industrial Products, Automotive and Transportation, including Mobility-as-a-Service.
This industry focus means consultants can encounter business processes and risks connected to large operational organizations, manufacturing environments, infrastructure businesses, transportation and other asset-intensive industries. Pasted text
Understanding how operational processes work in these industries can help candidates connect control concepts with real business activities.
Working With Client Teams
The role requires collaboration across multiple client departments. Consultants need to understand information provided by process owners, ask precise questions during walkthroughs and document the resulting observations accurately.
EY specifically highlights the importance of working collaboratively while meeting commercial and legal requirements. The ability to adapt communication to different stakeholders is therefore an important part of succeeding in the position. Pasted text
Strong analytical work becomes valuable in consulting only when the findings can be clearly communicated and translated into practical business observations.
Resume Preparation
A resume targeting this position should prioritize evidence of analysis, controls, business processes, risk management and structured problem-solving.
Candidates with academic projects can emphasize situations where they analyzed data, identified anomalies, documented processes or designed validation mechanisms. Internship experience involving compliance, audit, operations, data analysis or process improvement can also be relevant.
Avoid presenting a resume as purely technical if the target role is risk and process controls. Technical skills should support the broader story of business analysis and risk-oriented problem-solving.
Interview Preparation
Candidates should prepare for questions around business processes, internal controls, risk identification and analytical reasoning.
Useful preparation areas include:
Difference between risk and control
Preventive versus detective controls
Purpose of an internal audit
What a Risk and Control Matrix contains
How to perform a process walkthrough
How control testing works
How to identify exceptions in transactional data
How to document an audit observation
How to communicate an issue to a process owner
Basic concepts of Governance, Risk and Compliance
A practical example is more useful than memorizing definitions. Be prepared to explain a business process, identify one possible risk, describe a relevant control and explain how you would test that control.
Career Direction
This role can provide an entry point into Risk Consulting, Internal Audit, GRC, Internal Controls, Technology Risk and Business Consulting. The experience can also build transferable capabilities in process analysis, stakeholder management, data analysis and structured problem-solving.
EY describes its Risk Consulting work as helping clients identify and manage risks while improving their ability to respond to business challenges. Its areas of focus include enterprise risk, internal audit, compliance, internal controls and technology risk. Pasted text
Keywords for Resume
Risk Consulting • Internal Audit • Process & Controls • Risk Assessment • Internal Controls • Governance Risk and Compliance • GRC • Risk and Control Matrix • RCM • Process Walkthrough • Control Testing • Business Process Analysis • Operational Risk • Compliance • Data Analysis • Transactional Data Analysis • Process Mapping • Working Papers • Technology Risk • Enterprise Risk • Financial Services Risk • Problem Solving • Stakeholder Management • Business Consulting • EY
Final Perspective
This Associate Consultant position is designed for early-career candidates who want practical exposure to risk, internal controls, audit and business process analysis. The Ahmedabad role combines analytical work, documentation, client collaboration and control assessment, making it particularly relevant for candidates who want to develop a consulting-oriented career across risk and business processes. Pasted text
The above article is written by me, a person interested in technology, automobiles, modern gadgets, movies, music, and clean aesthetics.
