EY FSRM Credit Risk- Senior Manager in Johannesburg, South Africa

FSRM Credit Risk- Senior Manager

Advisory

Requisition # JOH001XH

Post Date 5 days ago

Senior Manager: Quantitative Advisory Credit

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team up to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

We are currently recruiting for a Senior Manager within our Financial Services Risk Management team. The practice focusses on Financial Services across Banking, Insurance, and Corporate treasuries. Our services cover statutory, regulatory, and other quantitative areas both from an advisory and an assurance perspective. This includes risk modelling, pricing and valuation of financial derivatives and structured deals, and credit impairment calculations.

Drawing on your knowledge and experience, you will provide innovative commercial insights for clients, adapt methods and practices to fit operational team and cultural needs, and contribute to thought leadership. You will also actively contribute to improving operational efficiency on projects and internal initiatives. In line with our commitment to quality, you will consistently drive projects to completion and determine that work is of a high quality.

The role:

The successful applicant will grow, develop and lead a team which can offer our clients advice and hands on assistance with issues such as:

  • Design, review and validation of credit risk models across classes (PD, LGD, EAD, ECL) under IFRS 9.

  • Credit Impairment assessment and due diligence reviews

  • Provide assistance in choosing accurate metrics that support business decisions and facilitate the efficient allocation of risk capital and management of exposure

  • Review and validation of Basel internal rating based models

  • Design and review of risk governance operating models

  • Regulatory Capital modelling

  • Design and review of credit risk pricing models.

  • Review of credit risk related Pillar 3 disclosure and BA returns

Our client base covers the major retail, commercial and investment banks, insurance companies and asset management firms, including hedge funds. This is an opportunity to lead a growing team, with a first class client base.

Client responsibilities

  • Participate in and, as required, lead FSRM client engagements

  • Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives

  • Build and deliver relevant client solutions, based on knowledge of the client’s agenda

  • Develop informed views for the client on the implications of current and anticipated industry issues

  • Generate new business sales through proactively managing aligned accounts, identifying new client opportunities, playing a significant role in developing and driving a sales campaign/solution

  • Develop own informed views for the client on the implications of key current and anticipated industry issues through their risk management perspective

People responsibilities

  • Live the EY values

  • Act as a thought leader in the field of FSRM

  • Lead engagement teams and accounts

  • Develop people through effectively supervising, coaching, and mentoring all levels of staff ((identifying training needs where necessary)

  • Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities

  • Conduct performance reviews and contribute to performance feedback for all levels of staff

  • Contribute to people initiatives including recruiting, retaining and training FSRM professionals

Maintain an educational program to continually develop own personal skills

Qualifications & Experience:

  • Qualifications: Relevant Masters (MComm / MSc /MPhil) or Honours degree with the intend to pursue a professional qualification (CFA / FRM / PRM / FIA / FASSA) - candidate must have a solid understanding of quantitative methods and their application in the FRM space

  • Market related remuneration

  • A minimum of 7 years working experience is required

Competencies required:

  • Strong statistical aptitude in a modelling environment

  • Basel 2.5, 3 knowledge

  • Strong analytical skills

  • Proficient in MS office

  • Proficient in SAS

  • Knowledge of VBA, Matlab, R

  • Innovative, creative thinking

  • Robust project management skills

  • Solid presentation skills

  • Effective time management

  • Strong writing skills

  • Initiative and enthusiasm

  • Responsibility and maturity

  • People skills

  • Professionalism

  • Confidence to be client-facing

  • Above average linguistic aptitude

  • Ability to work under pressure

  • Flexibility to accept change in terms of the consulting/ advisory environment

Who we are:

At EY we support you in achieving your unique potential both personally and professionally. We give you stretching and rewarding experiences that keep you motivated, working in an atmosphere of integrity and teaming with some of the world's most successful companies. And while we encourage you to take personal responsibility for your career, we support you in your professional development in every way we can. You enjoy the flexibility to devote time to what matters to you, in your business and personal lives. At EY you can be who you are and express your point of view, energy and enthusiasm, wherever you are in the world. It's how you make a difference.

Please note: Preference will be given to PDI candidates.