EY Quantitative Advisory Services Opportunities - Market Risk (FRTB) in England, United Kingdom

Title: Quantitative Advisory Services Opportunities - Market Risk (FRTB)

Location: GB-England-London

Job Number: LON00BBJ

Quantitative Advisory Services – Market Risk (FRTB)

EY is looking for a number of people to join the Quantitative Advisory Services team - Market Risk team - in our Canary Wharf offices.

The Quantitative Advisory Services (QAS) team works with clients in Financial Services with regulatory / risk modelling challenges in areas such as Market, Credit risk and Operational Risk. QAS works closely with other financial services risk practitioners, IT advisory and Financial Accounting teams, bringing together the range of quantitative modelling and technical skillsets needed to support clients’ often highly specific and complex requirements. The team covers all financial services sectors, with established presence and extensive local knowledge across locations in the US, UK and EMEIA, and Asia.

Fundamental Review of the Trading Book (FRTB) is a key focus area for the Quantitative Advisory Services practice and a strategic value proposition and part of the broader Corporate and Investment Banking Transformation Solutions. FRTB regulations have a significant impact on the front to back market risk management capabilities and technology landscape of global investment banks. EY has been an early mover on FRTB and has been extensively helping our clients mobilise strategic change and regulatory compliance programmes across business and technology.

Responsibilities:

As a Quantitative Advisory Services Executive you will technically contribute to external client engagements and internal projects. An important part of your role will be to actively establishing, maintaining and strengthening internal and external relationships. You will also identify and escalate potential business opportunities for EY on existing engagements.

The successful Quantitative Advisory Services Manager will lead client engagements and internal projects. You will also be actively establishing, maintaining and strengthening internal and external client relationships. You will also identify and escalate potential business opportunities for EY on existing engagements.

Similarly, you will anticipate and identify risks and raise any issues with senior members of the team. In line with our commitment to quality, you will determine that work is of a high quality and is reviewed by the next-level reviewer. As an influential member of the team, you'll help to create a positive learning culture and will coach and counsel junior team members and help them to develop.

As a Quantitative Advisory Senior Manager , you'll build valued relationships with external clients and internal peers and develop a portfolio of business by focusing on growth opportunities. You'll lead presentations and proposals for medium complex projects or elements of highly complex projects, and provide subject matter insight to bids and proposals.

Drawing on your skills, knowledge and experience, you'll create innovative commercial insights for clients, adapt methods and practices to fit client and cultural needs, and contribute to thought leadership. You'll package overall project findings into clear, concise, high-quality work products and act as a subject matter resource in Market Risk, leveraging knowledge and experience to service client problems. Driving improvements in business processes, you'll serve as a role model for Quality & Risk Management and make sure that project teams understand and comply with our Q&RM guidelines. As a respected senior professional you'll communicate effectively with EY engagement partners and managers and work to build, manage and motivate high-performing teams, and help key staff to build sustainable competencies.

The person we are looking for:

  • Experience in Financial Services, either as part of an institution; in an advisory or business consulting capacity to such organisations or in the regulation of such institutions.

  • Strong academic background including at least a 2.1 Bachelor's degree (Computational Finance, Mathematics, Engineering, Statistics, or Physics preferred) or equivalent. / Professional Qualification e.g. CQF / CFA / FRM / PRM

  • Experience of statistical and numerical techniques and principles of the theory of probability.

  • Knowledge of Derivative Pricing, Market Risk and CVA methodologies used for the trading, risk management and ideally calculation of regulatory capital requirements.

  • Knowledge of Derivative Pricing, Market or Counterparty Risk & Financial Services Regulation - experience in FRTB and CRDIV.

  • Modelling background, including experience in model development and model validation of Derivative Pricing, Market and CVA models and experience of standard techniques used.

  • Experience in any of the following software development environments: VBA/ Java / C / SQL/ R / Matlab / .NET

Qualifications:

Who we are

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.