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Senior Consultant - Quant (Market Risk)

Location:  London
Other locations:  Primary Location Only
Salary: Competitive
Date:  May 9, 2022

Job description

Requisition ID:  20901

Market Risk - Quant Senior Consultant


EY is looking for a Quantitative Advisory Services Sr.Consultant to join the Market Risk team in our Canary Wharf offices. The Quantitative Advisory Services (QAS) team works with clients in Financial Services with regulatory/risk modelling challenges in areas such as Market, Credit risk and Operational Risk. QAS works closely with other financial services risk practitioners, IT advisory and Financial Accounting teams, bringing together the range of quantitative modelling and technical skillsets needed to support clients’ often highly specific and complex requirements. The team covers all financial services sectors, with established presence and extensive local knowledge across locations in the US, UK and EMEIA, and Asia.

This is a rapidly growing area supported by an increased focus across the industry. That makes this a great time to join a high-profile team where you’ll be surrounded by some of the most interesting and knowledgeable colleagues around.

As a Sr.Consultant you will contribute to external client engagements and internal projects. An important part of your role will be to actively establish, maintain and strengthen internal and external relationships. You will also identify and escalate potential business opportunities for EY on existing engagements. Similarly, you will anticipate and identify risks and raise any issues with senior members of the team. In line with our commitment to quality, you will determine that work is of a high quality and is reviewed by the next-level reviewer. As an influential member of the team, you'll help to create a positive learning culture and will coach and counsel junior team members and help them to develop.

Your key responsibilities

  • Participate in Quantitative Risk and Assurance engagements such as derivatives pricing, risk modelling for both market risk and counterparty credit risk etc and also various validation support.
  • Work effectively as a team member sharing responsibility, providing support, maintaining communication, and updating senior team members on progress
  • Assist in preparing reports and schedules that will be delivered to clients and other parties
  • Develop and maintain productive working relationships with client personnel
  • Build strong internal relationships within the advisory practice and across other services 


People responsibilities

  • Contribute to people initiatives including recruiting
  • Maintain an educational program to continually develop personal skills 


Skills and attributes for success

  • Confident and credible communicator with good technical knowledge and commercial understanding
  • Project management and strong report writing skills
  • Experience in stakeholder and client management
  • Ability to drive business development and contribute to the growth of the EY market solutions 


To qualify for the role you must have

  • Demonstrate relevant experience in Financial Services, either as part of an institution; in an advisory or business consulting capacity to such organisations or in the regulation of such institutions.
  • Strong academic background including at least a 2.1 Bachelor's degree (Computational Finance, Mathematics, Engineering, Statistics, or Physics preferred) or equivalent
  • Professional Qualification e.g. CQF / CFA / FRM / PRM would be preferred
  • Significant experience in application and justification of statistical and numerical techniques and principles of the theory of probability.
  • Good understanding of Derivative Pricing, Market and CVA methodologies used for the trading, risk management and ideally calculation of regulatory capital requirements.
  • Modelling background, including experience in model development and model validation of derivative products pricing, market risk and CVA models
  • Experience in FRTB or IBOR transition would be preferred 
  • Strong experience in any of the following software development environments: Python/Java /C++ / SQL/R/.NET
  • Keen desire to continue developing and integrating quantitative skills within both a challenging and rewarding commercial environment
  • Confident and credible communicator who displays both technical knowledge and commercial understanding
  • Project management and report writing experience
  • Ability to drive business development and contribute to the growth of the EY market solution 


What we are looking for
We are interested to hear from people with the right attitude for the job! That’s naturally entrepreneurial people that feed on the energy of a thriving global team. You’ll need a balance of technical and analytical skills, a creative approach to work and strong communication skills. If you’ve got big ideas on how we can do better, as well as the confidence to voice them, this role is for you. 


What working at EY offers
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. 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, 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 


About EY
As a global leader in assurance, tax, transaction and advisory services, we’re using financial 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. And we continue the commitment to hiring and developing the most passionate people 


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.


Apply now.


Who we are
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

Please note: Prior to finalizing your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. We ask because it matters!



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