Risk Consulting - FSRM - ILAAP - Senior Consultant

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. 

Introduction

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

Risk Consulting – FSRM – Senior Consultant (ILAAP)

Divisional Overview

EY GDS Risk Consulting is a unique, industry-focused business unit that provides a broad range of integrated services that leverage deep industry experience with strong functional capability and product knowledge.

EY’s MENA Financial Services Risk Management (FSRM) team, part of the EY GDS Risk Consulting Practice, delivers tailored risk solutions to help clients identify, assess, manage, and monitor a range of financial and regulatory risks. These include credit (banking book), market (trading book), operational, and Pillar-risks such as IRRBB, Credit Concentration & Liquidity Risks etc. The division is ideal for collaborative individuals who have strong ethics and attention to detail. Clients of FSRM largely comprise of banks, financial institutions and large non-financial institutions.

Within Risk Consulting, the FSRM team focuses on supporting clients in design, enhancement, validation and implementation of Stress testing, ICAAP and ILAAP frameworks for banks and financial institutions.  Further, the team executes strategic projects such as independent validation of Basel capital and liquidity ratios, capital optimization, Evaluation of FTP & RAROC methodology etc. You will work within different sized, multi-disciplinary teams and play a key role in ensuring high quality outputs and service to our clients. The role involves developing knowledge and implementing new solutions to meet the ever-changing needs of our clients. We value intellectual curiosity and a passion for promoting solutions across organizational boundaries.

Qualifications- Work experience

Years of Relevant Experience   3- 5 years

Overall years of experience in BFSI        ~8 years

Mandatory experience - Must have worked in a large or mid-sized banks, accountable for following deliverables

• Liquidity Stress testing results and Contingency Funding Plan (CFP) submitted before regulators
• ILAAP Document
• Reporting of Liquidity Ratios (LCR, NSFR and other ratios)

OR

• Must have worked in Big-4 or a large consulting firm, who have advised banks and financial institutions of following aspects.
• Benchmarking of Liquidity risk management practices
• Refinement of ILAAP and Liquidity Stress testing process

Preferred Experience   

Experienced in any of the following domains

• Capital Ratios Reporting or Regulatory reporting systems

Educational Qualifications & Skills

Must-have:

• CA /ACCA/ MBA(Finance)
• Strong understanding of industry best practices on ILAAP & Liquidity risk stress testing
• Thorough understanding of stock and flow approaches to liquidity risk measurement
• Working knowledge of Python, SQL, Excel and MS-office
• Hands-on experience in working with large data sets.
• Strong documentation skills, with the ability to quickly grasp complex concepts and present them clearly in documents or presentations to non-technical audience.
• Strong multi-tasking skills with demonstrated ability to manage expectations and deliver high quality results under tight deadlines and minimal supervision.
• Willingness to travel for client engagements

Preferred:

• Professional certifications such as FRM, CFA or PRM
• Working knowledge of EBA guidelines on ILAAP
• Exposure to regulatory stress testing processes around liquidity risk & ILAAP

Key Responsibilities

The successful candidate shall be responsible for

• Review, enhance and benchmark the stress testing and ILAAP practices applied across banks and financial institutions based in MENA
• Independent validation of ILAAP documents submitted by MENA Banks
• Refine & Benchmark the methodology applied in computation of liquidity ratios and reporting
• Document / Summarize the review findings

What working at EY offers

As a global leader in assurance, tax, transaction, and consulting 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.

At EY, we’re dedicated to helping our clients, from startups to Fortune 500 companies — and the work we do with them is as varied as they are.

You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees, and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

• 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.

EY | Building a better working world 

 
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