FSO, Business Transformation - Asset Management Manager

FSO, Business Transformation - Asset Management Manager Location: New York, Chicago, Boston Other locations: Anywhere in Region Date: May 20, 2026 Requisition ID: 1652600 Manager Consultant – Asset & Wealth Management (with Private Markets Exposure) EY invites you to join our Asset & Wealth Management Consulting team, where we help clients across the investment value chain—from front‑office strategy to middle‑ and back‑office transformation and digital enablement. The Opportunity As part of our Asset & Wealth Management practice, you’ll help clients better align their operating models, data, and technology with their business strategies. You’ll serve both traditional and alternative asset managers, wealth platforms, and service providers, working on initiatives that enable efficiency, scale, and transparency. Increasingly, this includes supporting clients as they expand into Private Markets and semi‑liquid alternative products—helping bridge the operational and regulatory complexities between public and private investments. This is an opportunity to build deep expertise across a diverse set of asset classes while developing future‑ready consulting skills in operations, technology, data, and regulatory change. Key Responsibilities Support clients across the investment management lifecycle, from product development and investment operations to fund accounting, data management, and reporting. Help design and implement target operating models that improve scalability, cost efficiency, and governance across front‑, middle‑, and back‑office functions. Participate in technology‑enabled transformations, including system selection and implementation (e.g., Aladdin, Charles River, Geneva, Investran, eFront, or equivalent). Work with clients on emerging areas such as outsourcing strategy, automation, and digital operating models. Contribute to business development, thought leadership, and knowledge sharing within the team, particularly around market convergence between traditional and alternative investments. Collaborate closely with colleagues across service lines to bring integrated EY solutions spanning operations, data, risk, finance, and technology. Skills and Attributes for Success Solid understanding of the asset and wealth management industry, including investment operations, product structures, and client segments. Interest or experience in Private Markets and Alternatives (e.g., Private Equity, Private Credit, Real Estate, Infrastructure, or secondaries). Ability to translate complex business and operational requirements into practical, technology‑enabled solutions. Strong analytical and communication skills, with the ability to distill complex findings into actionable insights for clients. Proven ability to thrive in collaborative, fast‑paced consulting environments. To Qualify for the Role, You Must Have Bachelor’s degree in business, finance, accounting, computer science, engineering, or related discipline; MBA or MS preferred. Five to seven years of progressive experience in a traditional or alternative asset management firm, fund administrator, wealth platform, or financial services consulting with exposure to investment operations or technology transformation. Familiarity with investment systems such as Aladdin, Charles River, Eagle, eFront, Investran, Geneva, etc. Strong experience with process improvement, system implementation, project management, or middle‑office outsourcing. Strong interpersonal, presentation, and client service skills. Willingness to travel as required; valid driver’s license and passport. Ideally, You’ll Also Have Prior consulting experience with a Big 4 or other global professional services firm. Exposure to Private Markets operations, fund structures, or investor reporting. Understanding of how digital platforms, automation, and data solutions are transforming the investment management ecosystem. Experience assessing vendor solutions or service providers for fund accounting, data management, or performance measurement. Interest in the intersection of public and private markets, and how firms are evolving to serve institutional and wealth clients more effectively. What We Look For We’re looking for passionate, curious professionals who combine strategic thinking with hands‑on delivery. You’ll have the autonomy to drive meaningful change for clients while collaborating with peers across EY’s global network. If you’re excited by the opportunity to work across traditional and alternative investments—and to help define the operating models powering the future of Asset & Wealth Management—this role is for you. We're interested in highly motivated individuals with a strong willingness to think outside the box. You can expect plenty of autonomy in this role, so you’ll need the motivation to take initiative and seek out opportunities to improve our current relationships and expand our business in the evolving market. If you’re serious about consulting and ready to tackle some of our clients’ most complex issues, this role is for you. What We Offer You At EY, we’ll develop you with future‑focused skills and equip you with world‑class experiences. We’ll empower you in a flexible environment and fuel you with extraordinary talents in a diverse and inclusive culture of globally connected teams. We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $128,400 to $235,300. The base salary range for New York City Metro Area, Washington State, and California (excluding Sacramento) is $154,000 to $267,400. Individual salaries within those ranges are determined through a wide variety of factors, including but not limited to education, experience, knowledge, skills, and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Join us in our team‑led and leader‑enabled hybrid model. Our expectation is that most people in external, client‑serving roles will work together in person 40‑60% of the time over the course of an engagement, project, or year. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, winter/summer breaks, personal/family care, and other leaves of absence when needed to support your physical, financial, and emotional well‑being. Are you ready to shape your future with confidence? Apply today. EY accepts applications for this position on an ongoing basis. For those living in California, additional information is available. EY | Building a better working world EY provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, genetic information, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law. EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and need assistance applying online or want to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, select Option 2 for candidate‑related inquiries, then select Option 1 for candidate queries and finally select Option 2 for candidates with an inquiry which will route you to EY’s Talent Shared Services Team (TSS) or email the TSS at View email address on click.appcast.io. #J-18808-Ljbffr Ernst & Young Advisory Services Sdn Bhd