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EY Assistant / Senior (Valuation), Financial Services – Financial Accounting Advisory Services in Singapore

Assistant / Senior (Valuation), Financial Services – Financial Accounting Advisory Services


Requisition # SIN005Q9

Post Date 12 hours ago

Department Overview

Join Financial Accounting Advisory Services (Financial Services) within Assurance and you’ll assist our clients to address the accounting and financial reporting challenges facing their business. You’ll be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function.

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning. That’s how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

About the opportunity

Over the last 20 years, innovative new products have dramatically increased the complexity of the financial markets, from complex preference shares issuance in venture capital world, to structured products allowing clients to repackage and transfer risk, or other more exotic instruments designed to meet almost any goal two parties can agree on.

Within EY’s Financial Accounting Advisory Services (Financial Services) practice, the Financial Instruments Valuation team supports Assurance teams with independent valuation and quantitative analysis on various financial instruments. The services we provided within EY cover a broad spectrum of responsibilities faced with respect to financial instruments valuations. You will experience ongoing professional development through interactions with internal and external clients together with exposures to various asset classes (e.g. FX, Fixed Income, Equity, Commodity, Interest Rate, Credit, etc) and various industry sectors (e.g. banking, private equity, hedge funds, transportations, commodity, utilities, oil & gas, REITS, internet-based firms, etc).

The Financial Instruments Valuation team at EY uses sophisticated techniques from financial engineering to assist clients in understanding and valuing vanilla derivatives and other complex securities, for financial reporting, risk management and regulatory compliance purposes.

Yourkey responsibilities

As an Assistant/Senior in the Financial Instrument Valuation team, you will:

  • Work together within a teamfor multiple client projects in daily independent valuation for diverse type offinancial instruments

  • Assist in developing valuationmodels to assess a variety of financial instruments adopting option pricingtheory, fixed income and structured finance models, Monte Carlo simulation,statistical analysis, and other quantitative analysis

  • Assist in performing modelvalidation on credit models such as PD, LGD and EAD

  • Provide assistance inreview of fair valuation approach, methodology, and assumptions adopted byprivate equity and venture capitalist clients

  • Challenge yourself tocontinually learn and teach, mentoring others while developing your own career throughvarious exposures in client projects

  • Take ownership of yourprojects, while collaboratively working with other team members

  • Maintain and developpositive, productive, and professional relationships with clients

Skillsand attributes for success

  • Work effectively as a teammember, sharing responsibility, providing support, maintaining communicationand updating team members on progress

  • Highly motivated, abilityto multi-task, work independently under minimum supervision and delivertop-quality results in a fast-paced, dynamic environment

  • Excellent analytical andproblem solving skills

  • Strong written and verbal communicationskills

  • Demonstrate integrity,values, principles, and work ethics within a professional environment

  • Good project managementskills

Toqualify for the role you must have

  • Bachelor's or master'sdegree in quantitative finance, financial engineering, finance, statistics, mathematicalfinance, or engineering with programming skills

  • Fresh graduate or a minimumof 1 year of non-valuation related experience (e.g. engineering, consulting,corporate treasury functions and etc.) with demonstrated interest in quantitativefinance will also be considered

  • A good programming skillwith demonstrated aptitude in quantitative analysis and understanding of atleast one Finance or statistical software package (e.g. R or Spotfire),Bloomberg, Reuters, Numerix, MS Excel/VBA


The successful candidate must be able to display several achievements below:

Within 6 months of joining, the candidate should:

  • Understand the mechanics and valuation methodology behind variousderivatives financial instruments and perform valuation for such financialinstruments

  • Explain the valuation differences between clients and independentvaluation through analyzing how various parameters drive the valuation output

  • Perform credit risk assessment, focusing on quantitative analysis basedon financial standing, for both listed and non-listed companies

  • Understand the Hedge Accounting concept under Singapore FinancialReporting Standard (SFRS) framework and able to perform quantitative approachfor the purpose of hedge effectiveness assessment

  • Gain basic understanding on programming languages, typically VBA and Scilab,and apply it for Binomial Tree Model, Monte Carlo Simulation and other interestrate models implementation

  • Work independently with minimum supervision and take ownership on the projectsassigned.

  • Within 1 year of joining,the candidate should:

  • Confidently manage client and resolve issues typically encountered byclient with regards to financial instruments valuation

  • Understand the valuation approach behind various financial instrumentsin private equity and venture capitalist business, and perform valuation forsuch financial instruments

  • Understand and able to implement the Expected Credit Loss (ECL)methodology under Singapore Financial Reporting Standard (SFRS) framework, focusingon credit modelling methodology assessment

  • Explain to general non-technical audiences on how various financialinstruments work and the benefit and risk behind various types of financial instruments

  • Adaptive and committed in intense environment and tight deadlines inproviding deliverables to stake holders

  • Excellent time managementand prioritize various projects allocate

  • Able to work together within the team and actively provide guidance tojunior staff in order to deliver high quality work products

What we look for

Highly motivated individuals with excellent analytical skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization.

The successful candidate must also be committed to staying at the cutting edge of both the latest financial instruments valuation techniques, business developments and accounting standards. We're seeking leaders with the ability to quickly anticipate and respond to the issues of a networked and constantly changing global economy.

What working at EY offers

EY offers a competitive remuneration package where you’ll be rewarded for your individual and team performance. We are committed to being an inclusive employer and are happy to consider flexible working arrangements. Plus, we offer:

  • Support, coaching and feedback from some of the mostengaging colleagues around

  • Opportunities to develop new skills and progress yourcareer

  • The freedom and flexibility to handle your role in away that’s right for you

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world.

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