Risk Consulting - MENA FS Risk - Credit Risk - Senior Consultant

Job Description

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 – MENA FS Risk – Market Risk – Senior Consultant

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 market (trading book), credit (banking book), operational, and regulatory risks arising from trading, asset-liability management, capital management, and broader capital markets activities. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Within FSRM, the Market Risk (MR) team focuses on supporting clients—ranging from large domestic banks to global financial institutions—in developing, validating or reviewing Capital Markets and Market risk models (e.g., Derivatives Pricing, VaR/ES, Counterparty Credit Risk, FRTB, xVAs, Hedge effectiveness testing) based on industry best practises.

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.

Key Responsibilities

• Conduct pricing, valuation, and risk analysis of financial instruments including fixed income, equities, FX, interest rate derivatives, and structured products.
• Support the development, validation, and documentation of financial models and risk frameworks under the guidance of Managers and Senior Managers.
• Perform detailed quantitative and qualitative analysis to support risk assessments, scenario analysis, and stress testing.
• Contribute to projects involving model audits, validation, and development, demonstrating adaptability and strong domain knowledge.
• Collaborate with cross-functional teams to gather data, perform analytics, and present findings in a structured and client-ready format.
• Review and validate work produced by junior team members, ensuring accuracy and consistency.
• Mentor junior consultants, promoting knowledge sharing and skill development within the team.
• Assist in internal knowledge-building initiatives and support business development efforts such as proposal writing and client presentations.
• Stay informed on market trends, regulatory updates, and emerging risks relevant to financial services.

Qualifications, Certifications, and Education

Must-have:

• Bachelor’s degree in quantitative finance, Financial Engineering, Mathematics, Physics, Statistics, Engineering or other numerical subjects from a reputable institution.
• 3–4 years of relevant experience in financial services, consulting, or risk management, with exposure to capital markets and financial modeling.
• Working knowledge of risk analytics and financial instruments, including derivatives and structured products.
• Proficiency in analytical tools or programming languages such as Python, VBA, R, or MATLAB.
• Familiarity with financial data platforms (e.g., Bloomberg, Refinitiv, Numerix).
• Strong analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a fast-paced, client-facing environment.

Preferred:

• Professional certifications such as FRM, CFA, or PRM.
• Exposure to pricing or risk systems like Murex, Bloomberg, or RiskMetrics.
• Experience in model validation, valuation control, or regulatory risk projects.
• Willingness to travel for client engagements as required.

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.