Risk Analyst

The Opportunity

The Risk Team at BDO India Services Private Limited is a dedicated and skilled group of professionals responsible for safeguarding the organization against various risks associated with its operations, client engagements, and industry dynamics. The team ensures that the firm adheres to regulatory standards while strategically managing risks to achieve business objectives.

The primary responsibility of the Risk Team is to conduct comprehensive risk assessments to identify potential threats to the firm's reputation, financial stability, and operational efficiency.

The Risk Team works collaboratively with various departments including audit, taxation, advisory, outsource accounting, legal, compliance, and other different business units to ensure a holistic and integrated approach to risk management. By fostering a culture of collaboration, the team contributes to the firm's overall success and resilience in a dynamic business environment.

Job Profile

As a Risk Team Member at BDO India Services Private Limited you will play a critical role in ensuring the effective searching, identification, assessment and logging of risks across before onboarding client / engagement for the organization. This position requires a combination of strong analytical skills, subject matter knowledge, and the ability to work collaboratively with team members to do the acceptable assessment of risk.

Roles & Responsibilities

• Review information submitted by business teams to support Background Verification (BGV) checks.
• Evaluate completeness of documentation and coordinate with various business teams to gather any missing or additional information.
• Conduct comprehensive BGV on clients, promoters, documents, and related parties, including, Adverse media checks, Anti-Money Laundering (AML) checks, Sanctions and political exposure checks, Litigation and reputational risk checks
• Analyze and assess risk implications based on the findings from BGV and related verifications.

• Read and interpret financial statements to identify potential financial risks associated with clients.
• Perform additional and related searches to support risk assessment objectives.
• Collaborate with senior team members for review and validation of searches and findings.
• Conduct detailed risk assessments to identify potential risks associated with clients, engagements, operations, or internal projects.
• Support the drafting of risk policies, guidance notes, communications, and other related documentation.
• Work on internal systems/software used for risk assessments and support enhancements/upgrades to align with evolving business needs.
• Apply analytical skills to assist in the design and optimization of internal processes and systems, such as Client Continuance and Engagement Acceptance workflows.
• Contribute to the development of risk models and frameworks to quantify and prioritize risks, and support the implementation and monitoring of risk mitigation strategies.
• Stay updated with current industry regulations and professional standards relevant to the accounting, auditing, and consulting domains.

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• Assist in the preparation of risk indicator reports and present key findings to management.
• Support periodic risk and quality reviews of completed engagements, in line with firm-wide risk management guidelines.
• Assist in the planning and delivery of training sessions to enhance risk awareness and compliance across teams.

Qualifications

• 1 to 4 years of relevant experience in Client and Engagement Acceptance processes, with a focus on risk management and risk sensing.
• Prior experience in a large Accounting or Consulting Firm is required.
• Strong analytical skills with excellent verbal and written communication abilities.
• Solid understanding of industry regulations and standards, with a demonstrated ability to stay current with evolving requirements.
• In-depth knowledge of firm-level and global policies, with proven experience in applying risk management best practices in a professional services environment.