EY-Process And Controls- Risk Consulting - O And G Upstream Senior(Big4jobs)

Department Icon Risk Management & Compliance
Posted: 11 hours ago
5-10 years
Kochi, KL, 682313 +1 more…, India
Risk Management & Compliance
work from office
Full Time
Closes 25 Dec 2026

Posted: 11 hours ago
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Job Description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. 

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  • EY-Process & Controls– Risk Consulting – O&G Upstream Senior

As part of our Risk Consulting, you will be supporting the Team in client engagements related to Risk Management, Internal Audit, GRC solutions for various clients across the MENA region. The client base spans across various sectors and includes collaboration with other teams within Consulting services.

 

The opportunity

We’re looking for experienced professionals with experience in the Energy sector and Internal Audit/ Risk to join our Process & Controls Team. This is a fantastic opportunity to be part of a leading firm whilst being instrumental in the growth of our service offering. This position will be based out of our offices (Kochi/ Thiruvananthapuram) in the beautiful state of Kerala.

 

Working in our practice, you will have the opportunity to work with clients to provide practical risk management, internal audit solutions and gaining valuable experience in a variety of clients.

 

Your key responsibilities

The current role requires executing internal audit and other risk consulting engagements for energy companies. As part of the role, the candidate is expected to:

  • Assist in executing client engagements and meeting the expectations of the client and the onsite team within the MENA region.
  • Support in performing end-to-end internal audits from planning to reporting including process understanding, walkthroughs, preparation of risk and control matrix / audit work program, control testing to assess their design and operating effectiveness, preparation of audit report and agreeing issues/ actions with management.
  • Have an in-depth understanding of the Oil & Gas upstream industry risks/ issues / trends and end-to-end business processes.
  • Have thorough knowledge and understanding of Internal Audit methodology and IIA requirements.
  • Deliver engagements to time, cost and high quality.
  • Identify key areas of improvement in the client's business processes and add value by preparing insightful recommendations.
  • Contribute to business development activities such as preparing proposals, lead identification
  • Always comply with the firm’s quality and risk management policies
  • Manage multiple assignments and related project teams.
  • Maintain excellent rapport and proactive communication with the client

 

Skills and attributes for success

  • Exceptional command on spoken and written English
  • Globally mobile and flexible to travel to onsite locations at a short notice
  • Highly analytical, organised and meticulous consulting skills
  • Demonstrating and applying strong project management skills, inspiring teamwork and responsibility with engagement team members
  • Ability to multi-task, work well under pressure with commitment to deliver under tight deadline
  • Strong organizational skills with ability to prioritize effectively
  • Attention to detail and quality assurance
  • Proficient in MS-Office Suite, data analysis & validation

 

To qualify for the role, you must have

  • Bachelor’s degree in engineering with specialisation in Oil & Gas or relevant professional qualification such as CA, ACCA, CIA.
  • PMP certification holders will be preferred
  • Experience in Internal Audit /Risk Management with Oil & Gas upstream sector focus or working in Oil and Gas Drilling and / or Oil Field Service Companies, or Exploration & Production (E&P) Companies or working as Drilling Engineers, Rig Foreman, or in Warehousing and Logistics for Drilling Operations.
  • Experience leading or supporting risk-based internal audits across upstream operations, including drilling and well operations, rig management, production operations, workover activities, petroleum engineering processes, drilling materials and inventory management, supply chain and logistics, contract management, HSE compliance.
  • Knowledge of key upstream business and operational processes, including Exploration & Appraisal activities, Field Development Planning, Work Programs & Budgets (WP&B), Authorization for Expenditure (AFE), Petroleum Cost Recovery, Joint Venture (JV) Accounting, Cost Allocations, Affiliate and Related Party Charges, Production Allocation, Reservoir Management, and Hydrocarbon Measurement controls.
  • Experience evaluating operational and financial controls related to drilling campaigns, rig utilization, non-productive time (NPT), well costs, contractor performance, procurement and contracting, warehousing and drilling materials management, inventory controls, logistics operations, and production reporting.
  • Strong understanding of Process Safety Management (PSM), Health, Safety & Environment (HSE), Well Integrity Management, Asset Integrity, Reliability Engineering, and applicable industry standards and frameworks (e.g., API, IADC, ISO 55000, OSHA PSM, IWCF/IADC well control requirements, and other upstream industry standards).
  • A minimum of 4 years of relevant work experience
  • A valid passport for travel.
  • Internal Audit Software Such as Teammate and ERP Exposure such as SAP, Oracle to extract reports (contracting/procurement/material management modules).

 

What working at EY offers

At EY, we’re dedicated to helping our clients, from startups to Fortune 500 companies — and the work we do with them is as varied as they are.

You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees, and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

  • Support, coaching and feedback from some of the most engaging colleagues around
  • Opportunities to develop new skills and progress your career
  • The freedom and flexibility to handle your role in a way that’s right for you
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  • EY | Building a better working world 
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  • EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.  
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  • Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.  
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Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.  

Skills

Data AnalysisOracleSAPAccountingRisk ManagementInternal AuditComplianceCAACCABusiness DevelopmentSupply ChainLogisticsProcurementInventory ManagementQuality Assurance

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About Company

EY India Careers 2025 – Overview

Ernst & Young Global Limited (EY) is one of the Big Four professional services organisations, headquartered in London, England, and operating in 150+ countries with a global workforce of ~400,000 professionals.

EY’s roots trace back to 1849 (Harding & Pullein) and 1903 (Ernst & Ernst), with the current global legal entity formed in 1989 through the merger of Ernst & Whinney and Arthur Young.

In India, EY employs ~50,000–55,000 people across offices in Gurugram, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. The firm operates through four integrated service lines — Assurance, Consulting, Strategy and Transactions, and Tax — helping clients capitalise on opportunities, manage risk, and deliver responsible growth.

EY’s purpose, Building a better working world, guides its work with businesses, governments, and non‑profits to solve complex challenges. The firm is recognised for its investments in AI (via the EY.ai platform), digital transformation, sustainability, and inclusive growth.

Business Model

EY operates as a service‑based B2B professional services firm, generating revenue through assurance, consulting, strategy & transactions, and tax services.

Its model blends:

  • Deep sector expertise with technology‑driven solutions
  • Global delivery capabilities with India as a strategic hub
  • Long‑term client relationships built on trust and recurring engagements

Strategic priorities for EY India include:

  • Scaling EY.ai and AI‑enabled services
  • Expanding ESG and sustainability consulting
  • Strengthening cybersecurity and digital transformation offerings
  • Growing Strategy and Transactions advisory in high‑growth sectors

Recent Wins & Recognition

  • Launched the EY.ai platform to integrate AI into all service lines globally and in India (https://www.ey.com/en_in/news/2023/ey-launches-ey-ai-platform).
  • Advised on a $1.1 billion renewable energy acquisition in India (https://economictimes.indiatimes.com/industry/energy/power/ey-advises-on-renewable-energy-acquisition/articleshow/).
  • Recognised as a Leader in Digital Strategy Consulting in the 2025 IDC MarketScape report (https://www.ey.com/en_in/news/2025/ey-named-leader-in-digital-strategy-consulting).
  • Partnered with the Government of India on Gati Shakti infrastructure planning (https://www.ey.com/en_in/news/2024/ey-supports-gati-shakti-infrastructure-planning).
  • Awarded Best Employer for Women 2025 by Working Mother & Avtar (https://www.ey.com/en_in/news/2025/ey-best-employer-for-women).

Culture & Values

EY’s culture is anchored in its EY Values:

  • People who demonstrate integrity, respect, and teaming
  • People with energy, enthusiasm, and the courage to lead
  • People who build relationships based on doing the right thing

The firm promotes diversity, equity, and inclusion, offers global mobility opportunities, and invests heavily in continuous learning through EY Badges, EY Tech MBA, and leadership programs.


Client‑Facing Businesses

Assurance

What it is – Independent audit and assurance services to enhance trust in financial reporting. Careers in India include:

  • Statutory Audit – Auditing financial statements for listed and unlisted companies.
  • Financial Accounting Advisory Services (FAAS) – IFRS/Ind AS advisory, reporting, and accounting change support.
  • Forensic & Integrity Services – Fraud investigation, dispute resolution, and compliance reviews.
  • Climate Change & Sustainability Services (CCaSS) – ESG reporting and assurance.

Consulting

What it is – Advises clients on business transformation, technology, and risk. In India, career opportunities span:

  • Business Consulting – Strategy, operations, and supply chain transformation.
  • Technology Consulting – ERP, cloud, data analytics, and cybersecurity.
  • Risk Consulting – Enterprise risk, internal audit, and regulatory compliance.
  • People Advisory Services – Workforce strategy, change management, and HR transformation.

Strategy and Transactions (SaT)

What it is – End‑to‑end deal advisory and capital strategy. India‑based roles cover:

  • M&A Advisory – Buy‑side and sell‑side deal advisory.
  • Transaction Diligence – Financial, tax, and operational due diligence.
  • Valuation, Modelling & Economics – Business valuations and financial modelling.
  • Restructuring – Turnaround and insolvency support.

Tax

What it is – Comprehensive tax and regulatory services. In India, career paths include:

  • Direct Tax – Corporate and international tax compliance and planning.
  • Indirect Tax – GST, customs, and trade advisory.
  • Transfer Pricing – Planning, documentation, and dispute resolution.
  • Tax Technology & Transformation – Automation and analytics for tax functions.


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