FS Risk Consulting - Financial Services Risk Management - IRB Model Development - Dublin

FSO Risk Consulting - Financial Services Risk Consulting – Quantitative Advisory Services - Senior Manager/ Manager/Senior Consultant Opportunities - Dublin

General Information

Location: Dublin

Available for VISA Sponsorship: YES

Business Area: Risk Management

Contract Type: Full-Time Permanent

At EY, you’ll have the chance to build a career as unique as you are, with global scale, support, inclusive culture, and technology to become the best version of you.  We are counting on your unique voice and perspective to help EY become even better, too. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY has a number of career opportunities available, and we are interested in meeting candidates who are looking for a new challenge, one where you can develop your range of skills significantly, be that a move from industry to practice or within practice.  We are looking for people to join us who have a combination of high technical modelling experience and excellent communication skills.  Our opportunities will allow you to apply your expertise to a variety of projects whilst offering you excellent career progression opportunities.

The EY Financial Services Risk Consulting team is continuing to grow and develop our unique consulting propositions aligned to the market needs and demands and we are currently expanding our quantitative advisory services team. 

The roles have a primary focus on developing, validating, recalibrating, implementing, monitoring and reporting on IRB and IFRS9 models for various portfolios whilst adhering to relevant regulations and accounting standards and engaging and collaborating with stakeholders on technical and business use matters. Candidates will have experience in working with large volumes of data and using programming languages such as SAS, SQL, and Advanced Excel.

These positions require excellent communication skills, leadership abilities, analytical skills, and proficiency in managing or contributing to teams, working with our clients and colleagues across EMEIA. Ideal candidates will have a proven track record of developing, validating and/or implementing successful IRB and IFRS9 models

Your Key Responsibilities:

Senior Manager: candidates will have experience in delivering model enhancement programmes, leading teams and engaging with senior stakeholders. 

Manager: candidates will have experience in managing smaller teams to deliver to programme milestones and timelines. 

Senior Consultant: will have experience in working on IRB and/or IFRS9 programmes. 

• Redevelop, recalibrate, validate and support implementation of IRB and IFRS9 models for various portfolios, including Consumer SME, Retail SME, Investment Property, Corporate, for Ireland and the UK
• Prepare and analyse data for model development, including data engineering, data integrity validation, data management and data remediation
• Develop models for PD, LGD, and EAD for IRB and ECL for IFRS9 and test model accuracy and effectiveness
• Understand and adhere to IRB regulations, including the EBA Guidelines and ECB Guide to Internal Models (EGIM) and accounting standards as they relate to IFRS9 models
• Engage and collaborate with senior stakeholders to discuss technical and business matters (Managers and Senior Managers)
• Manage and mentor a team of risk modelling professionals to ensure successful execution at each stage of model lifecycle management (Senior Managers)
• Measure and report on the effectiveness of models, making recommendations for optimization and improvement
• Invest in continuous learning on industry, regulatory, technology and quantitative developments and trends, applying insights to drive innovation and client value

To qualify for the role, you must have:

• Masters' Degree in Mathematics, Statistics, or related field, for Senior Managers, Batchelors degree for Managers and Consultants
• 10 years of experience for Senior Manager, 6+ years for Manager and 4+ years for Consultants in IRB and IFRS9 model development, with a proven track record of success and experience working across cross functional teams.
• Ability to manage a team, programme delivery and senior stakeholder engagement a must for Senior Manager roles
• Strong leadership and management skills, with the ability to motivate and develop (at Senior Manager and Manager level) and be a member of (at Consultant level) a team of risk modelling professionals
• Excellent communication skills, verbal and written
• Strong analytical and problem-solving skills, and a solution focused mind-set
• The ability to apply data insights to drive innovation and support robust decision-making
• Proficiency in programming languages, including SAS (macros), SQL, and Advanced Excel
• In-depth understanding of IRB regulations including EBA Guidelines and ECB Guide to Internal Models (EGIM) and/or IFRS9 accounting standards
• Experience in Irish and UK asset portfolios an advantage

What working at EY offers

We offer a competitive remuneration package. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support and coaching 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

All our employees are given a benefits package which they can tailor to suit their individual preferences. Our range of benefits include:

• Pension
• Discounted Health Insurance
• Web Doctor – Free unlimited online GP Consultations for you and your family
• The purchase of additional annual leave
• Hybrid Working
• Free Gym Membership
• Travel Pass
• Maternity & Paternity Leave
• Bike to Work Scheme
• Recognition Awards
• Cash incentives for Referrals
• Work Mobile
• Tech MBA paid by EY
• Wellness rooms available in some offices

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.

Career Progression:

• When you join EY, you will be supported to ensure that you are enhancing your skills from day one.
• Continuous learning, where you can develop the mindset and skills to navigate whatever comes next.
• As you grow and develop here, you’ll discover opportunities to help customise your career journey, so that it’s as unique as you are - success is defined by you, we will provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership, we will give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture, you will be embraced for who you are and empowered to use your voice to help others find theirs.
• We have embraced Hybrid working at EY adding greater flexibility and autonomy to the roles of our employees.

About EY

As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Inclusion & Diversity

We hold a collective commitment to foster an environment where all differences are valued and respected, practices are equitable and everyone experiences a sense of belonging: Inclusion, diversity, and equity are part of who we are at EY. We believe that the highest-performing teams maximize the power of different perspectives and backgrounds. These teams are both diverse and inclusive and are willing to invite and learn from other perspectives. Our ability to include various viewpoints into our mindsets, behaviours and operations is fundamental to driving innovation, building strong relationships, and delivering the best solutions for our clients.

We recognise the strength that comes from having a diverse workforce and building a culture where we support all our people to achieve their potential. You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

As an equal opportunities’ employer, we welcome applications from people of all backgrounds. Reasonable accommodations are offered at every stage of our recruitment process.

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. That’s Why, EY.

Apply now.

IMPORTANT: Where Agency assistance is required, our Talent Team will engage directly with suppliers. CVs / Profiles should not be shared directly with Hiring Managers.

Unsolicited CVs / Profiles supplied to EY by Recruitment Agencies will not be accepted for this role.