FSO, Business Transformation - Asset Management Manager

Location:

New York, Chicago and Boston

At EY, we’re all in to shape your future with confidence, helping you succeed in a globally connected powerhouse of diverse teams and to build a better working world.

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our purpose is to help build a financial services industry that is trusted, resilient, and transformative.

As part of our Asset & Wealth Management practice, you’ll help clients better align their operating models, data, and technology with their business strategies across the full investment value chain. You will serve both traditional and alternative asset managers, wealth platforms, and service providers, supporting initiatives that enable efficiency, scale, and transparency, including expanding into Private Markets and semi‑liquid alternative products.

• 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.

• 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.

• 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, or wealth platform.
  • 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.

• 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.

We’re looking for passionate, curious professionals who combine strategic thinking with hands‑on delivery. You’ll have the autonomy to drive meaningful…