Senior Consultant, Quant , Credit Risk

Edinburgh, Scotland, United Kingdom

12/15/2024

Senior Consultant, Quant, Credit Risk

London, Manchester or Edinburgh

EY is seeking a Senior Consultant to become part of our Credit Risk team. With industry-wide emphasis fuelling rapid growth in Credit Risk, it presents an ideal opportunity to join our esteemed, diverse group. You will collaborate with a variety of highly knowledgeable well-informed colleagues on some of the most interesting engagements in the sector.

Our Credit Risk team works closely with other EY financial services risk practitioners, as well as our IT Advisory and Financial Accounting teams, bringing together the range of quantitative modelling and technical skillsets needed to support our clients’ complex requirements.

We offer our clients comprehensive solutions to industry wide challenges in Credit Risk, including IFRS 9, Stress Testing, IRB and Basel, Model Risk Management, capital management, credit automation, model re-platforming and many others. Through our delivery, we apply a wide range of traditional modelling skills as well as newer more tech-enabled ones, such as machine learning and Generative AI.

The opportunity

Our Credit Risk team helps many of the world’s leading banks to make more informed decisions on how to optimise their businesses.

As a part of our team, you will have the opportunity to work on leading edge business-critical solutions, engaging with clients at all levels of an organisation to help them solve their most important challenges. We’ve got great people, with a wealth of industry knowledge, and you’ll also get the chance to learn from them as you develop your skills in both credit risk and consulting.

Our Credit Risk team operates from offices in London, Manchester and Edinburgh and are open to discussions about the base location that suits. We also support flexible working.

So, if you are interested in being part of a growing, inclusive team, working with high-profile global clients, and reaching your full potential, we want to hear from you. We want you to help us build a better working world.

Your Key Responsibilities

As a Senior Consultant in the team you can expect to be involved in the following activities:

• Work effectively and efficiently as a team member sharing responsibility, providing support, maintaining communication, and updating senior team members on progress
• Develop/review/assess credit risk models on a technical basis
• Perform analytical/monitoring testing around models within the credit risk space (IRB, Stress testing)
• Draft slides and reports to be delivered to the client
• Contribute to business development and the growth of the EY in the market
• Contribute to developing internal solutions
• Collaborate on workstreams and provide coaching to more junior colleagues
• Take part in the project planning and economics aspect of the project (budgeting, billing, etc)
• Engage in learning courses and side of desk activities
• Develop and maintain productive working relationships with clients while building strong internal relationships within the advisory practice and across other services
  
  

Skills And Attributes For Success

We’re looking for problem solvers, with strong technical skills who can demonstrate quantitative credit risk experience. You should also be comfortable working as a team member who has a real desire to share responsibility and provide support to your colleagues, whilst maintaining constant communication on the progress of engagements.

To qualify for the role you must have some or all of the following:

• Ideally you will have a strong academic background in a quantitative and technical course (Engineering, Quantitative Finance, Math, Physics, Statistics preferred)
• Experience in financial services, with a focus on the UK market
• Sharp analytical and problem-solving skills. Tackling problems in an efficient manner using the shortest path logic
• Credit risk knowledge required across:
• IRB (EBA GL and SS11/13) OR
• Stress Testing (BoE/EBA/CCAR guidance)
• Prior experience in model development, monitoring and/or validation of credit risk models
• Strong communication skills including the ability to build effective relationships
• Experience in communication with clients and internal stakeholders through meetings, emails and presentations. Ability to explain technical complex credit risk concepts in a simple way to stakeholders with different levels of understanding of credit risk
• Ability to document workings, findings, produce slides and reports
• Knowledge of credit risk programming languages such as Python, SAS, SQL, R and other tools such as Microsoft Excel, VBA, Word and PPT
• Soft skills including teamwork, collaboration, inclusiveness, flexibility, proactiveness, and motivation
• Ownership of given tasks and ensuring timely delivery
• Passion and ambition to drive your career in a well-established organisation
  
  

What We Look For

We are interested to hear from people with the right attitude for the job! That’s naturally curious and innovative 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, 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:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
  
  

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The Exceptional EY Experience. It’s Yours To Build.

Apply now.

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