Main Responsibilities of a Consultant at Top Management Consulting Company
NyAsia's role as a Manager at Ernst & Young involves "running the engagement from beginning to end," encompassing project management, budgeting, resourcing, and client interaction with C-suite executives at financial institutions. This includes delivering solutions to complex problems, implementing recommendations, performing risk assessments (like SOC audits and pre-IPO readiness work), and mentoring team members within a "familial environment" to foster their career growth.
Project Management, Client Interaction, Risk Assessment, Team Management, Career Development
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
NyAsia Jordan
Consultant
Top Managemet Consulting Company
Lehman College
Baruch College - MS, UCLA Anderson School of Management - MBA
Finance
Consulting & Related Professional Services
Business Strategy
Honors Student, Scholarship Recipient, Pell Grant Recipient, Took Out Loans, Immigrant, Worked 20+ Hours in School, Transfer Student
Video Highlights
1. Project Management and Delivery: NyAsia's role involves managing engagements from start to finish, including budgeting, resourcing, and client interaction. This highlights the importance of project management skills in consulting.
2. Client Interaction and Problem Solving: She works with high-level executives (Chief Audit Executives, Chief Risk Officers, CFOs, CEOs) to solve complex problems within financial services, often involving regulatory compliance. This showcases the need for strong communication and problem-solving abilities.
3. Team Management and Development: NyAsia emphasizes her role in mentoring and developing her team members, highlighting Ernst & Young's apprenticeship model and the importance of professional growth within the company. This shows the importance of leadership and mentorship in the workplace.
Transcript
What are some of the main responsibilities within your current role?
My main responsibility has a lot to do with the engagements I'm on. As a manager, you are tasked with basically running the engagement from beginning to end.
This involves project management skills, budgeting, and resourcing. You need to ensure you have the right people to execute the role and also handle the delivery. Depending on the scope of your engagement, you would interact with clients, usually C-suite individuals.
In my practice, we work a lot with Chief Audit Executives and sometimes Chief Risk Officers. Other practices may work directly with CFOs or CEOs, depending on the project's scope.
Consulting, given the nature of our work with banks, broker-dealers, and wealth and asset management companies within the financial services industry, is often confidential. I can't talk about specific clients or give intricate details.
However, I can say that we work on various problems our clients approach us with and help them find solutions. Sometimes, we provide a blueprint of their problem statement and the best way to solve it, considering our experience with other clients and any applicable regulations.
In addition, clients may ask us to continue and implement the suggested solutions. This is the implementation phase, where we work with the client, examine their resources, and map out the future and current states. We then help them execute the plan.
Sometimes, I am brought in to conduct risk assessments. I do a lot of SOX projects and SOX assessments. I also do pre-IPO readiness work for companies looking to go public. For example, during the SPAC craze, we advised companies on SOX compliance.
It really depends on the company, and there's no typical day. In addition to client work, I also manage and motivate my team. A significant part of my job is assisting the people working for me, not just with project requirements but also with their overall career progression.
UI has an apprenticeship model, so we focus on developing our team members and reinforcing their learning. It's a very familial environment, and I'm proud to see the growth and development of the people I work with.