Ernst & Young

Locations: New York City, Charlotte.

At EY, we’re all in to shape your future with confidence.

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

Job Title: Financial Services Risk Management, Quantitative Advisory Services (QAS) Banking Book Staff 2

EY is the only professional services firm with a separate business unit (“FSO”) that is dedicated to the financial services marketplace. Our FSO teams have been at the forefront of every event that has reshaped and redefined the financial services industry. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team!

EY is currently seeking highly motivated individuals to be part of our Quantitative Advisory Services (QAS) Banking Book team. You will use analytics and quantitative techniques to help our clients solve Financial Services Risk Management issues (in relation to consumer and commercial credit, climate change, consumer compliance/fair lending, artificial intelligence/machine learning usage and related) facing the financial services sector, drive business efficiencies, and manage risks and opportunities in banking book portfolios. Our team is engaged in high exposure quantitative service projects related to the development and validation of financial models used for wholesale and retail credit, advanced analytics, and risk management.

Our team brings deep industry knowledge and quantitative modeling experience to support our clients in the evolving regulatory landscape and financial services market. As a member of the EY team, you will have the opportunity to work with a variety of clients, learn on the job, and build insight into the market landscape.

The opportunity

As part of our Advisory Services, you’ll have the opportunity to team with a variety of QAS professionals and clients to deliver professional services and actively participate in our growing practice. You’ll work on client assignments that will help you deepen and broaden your skills, while gaining valuable and rewarding experiences. With each engagement, you can expect to build leadership, communication, and client management skills, as well as sharpen your problem-solving capabilities.

Your key responsibilities

As a Staff in QAS, your primary responsibilities will include delivering services in wholesale and retail credit risk, risk management and governance, model development and implementation, model/system documentation, and model benchmarking, while establishing relationships with client personnel at appropriate levels and consistently delivering quality client services.

Other responsibilities may include:

• Performing detailed data analysis to help clients solve business problems and complex issues in the financial services industry, including model development, documentation, testing, validation, benchmarking, and implementation.
• Supporting the development of mathematical/statistical models used to develop analytical tools or financial instruments.
• Applying quantitative techniques to help institutions develop and validate credit risk modeling methodologies.
• Reaching conclusions, documenting results, and suggesting ideas for efficiencies.

Skills and attributes for success

• Perform advanced analytical analyses and apply critical thinking to help our clients solve business issues
• Demonstrate in-depth technical capabilities, ability to apply analytical tools / techniques to various business analyses and professional knowledge
• Communicate and interpret deep technical concepts to both technical and non-technical client stakeholders
• Maintain an ambitious attitude toward finding innovative solutions to challenging problems
• Bring functional experience in credit risk modelling and demonstrate knowledge of risk management function processes and overall model lifecycle management
• Have functional knowledge related to some of the following: broad credit risk modeling, wholesale modeling (e.g., CRE and C&I), retail modeling (e.g., mortgage and credit card, other consumer loans), applicability of models in the context of CECL/IFRS 9, risk management, sustainable finance/climate change, fair lending/consumer compliance, artificial intelligence/machine learning applications, model development, model validation, financial analytics, advanced analytics (e.g., machine learning techniques)
• Drive high-quality work products within expected timeframes and on budget
• Establish relationships with client personnel at appropriate levels
• Understand our clients’ needs and consistently deliver quality client services focusing on more complex, judgmental, and/or specialized issues
• Stay abreast of current business and industry trends in allowance and reserving as well as advanced analytics
• Monitor progress, manage risk, and ensure key stakeholders are kept informed about progress and expected outcomes
• Coach and mentor junior staff and new hires

To qualify for the role, you must have:

• A Bachelor’s degree in Economics, Environmental Studies, Finance, Mathematics, Statistics, Data Science, Computer Science, Engineering, Physics, or a related field and 2 years of quantitative analysis work experience; or a Master’s degree in Economics, Environmental Studies, Finance, Mathematics, Statistics, Data Science, Computer Science, Engineering, Physics, or a related field and 1 years of quantitative analysis work experience.

Ideally, you’ll also have:

• Familiarity with statistical and numerical techniques and business acumen
• Experience working with one or more of the following languages: SAS, R, Python
• Ability to execute statistical modeling software/Excel routines and analytical programming requirements
• Approximately 1 year of experience working in a financial product engineering/research and development environment designing and developing quantitative methods and services for capital market products
• Leadership as well as proven project management skills
• Excellent written and verbal communication skills for client presentations and project management
• Willingness to travel to meet client needs

What we look for

We’re interested in intellectually curious people, with the ability to adjust to change and thrive in a constantly evolving environment. You’ll need to be someone who is capable of asking the tough questions and independently driving their own career and learning initiatives. You’ll also need excellent organizational skills and a proven record of multitasking and working effectively across multiple projects. So, if you’re ready to contribute your big ideas and make a measurable difference right from the start, this role is for you.

What working at EY offers

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical and dental coverage, both pension and 401(k) plans, a minimum of 15 days of vacation plus ten observed holidays and three paid personal days, and a range of programs and benefits designed to support your physical, financial, and social well-being. Plus, we offer:

• The opportunity to manage a portfolio of talent within a designated service line
• A collaborative environment where everyone works together to create a better working world
• Excellent training and development prospects, both through established programs and on-the-job training
• An excellent team of senior colleagues, dedicated to managing and varying your workload
• Support, coaching, and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right 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 and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more.

• 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 $71,700 to $118,300. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $86,100 to $134,400. 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 for most people in external, client serving roles to 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 on-going basis.

For those living in California, please click here for additional information.

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.

EY | Building a better working world

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

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 either need assistance applying online or need 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 ssc.customersupport@ey.com.

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