Fresh Jobs at EY

The opportunity

We are currently recruiting for a credit risk manager within our Actuarial, Quants and Data Science (AQDS) team. The practice focusses on financial services across banking, insurance and corporate treasuries. Our services cover statutory, regulatory, data science and other quantitative areas. This includes credit risk modelling and stress testing, credit risk model validation and the development of analytical solutions.

Your Key Responsibilities

The successful applicant will help develop and lead a team which can offer our clients advice and hands on assistance with issues such as

• Validation of credit risk models across classes (PD, LGD, EAD, ECL) under IFRS 9
• Credit impairment assessment and due diligence reviews
• Review and validation of Basel internal rating-based models
• Design and review of risk governance operating models
• Regulatory capital modelling
• Design and review of credit risk pricing models
• Review of credit risk related Pillar 3 disclosures and BA returns
• Designing metrics that support business decisions and facilitate the efficient allocation of risk capital and management of exposure
• Development of thought leadership material on relevant industry topics
  
   

Client Responsibilities

• Participate in and, as required, lead AQDS client engagements
• Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives
• Develop client solutions based on a deep understanding and knowledge of clients’ business needs
• Develop informed views for clients on the implications of current and anticipated industry issues
• Generate new business sales through proactively managing key accounts, identifying new client opportunities and playing a significant role in developing and driving a sales campaign/solution
  
   

People Responsibilities

• Live the EY values
• Act as a thought leader in the field of credit risk
• Lead engagement teams and accounts
• Develop people through effectively supervising, coaching and mentoring all junior levels of staff
• Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
• Conduct performance reviews and contribute to performance feedback for junior levels of staff
• Contribute to people initiatives including recruiting, retaining and training AQDS professionals
• Maintain an educational program to continually develop your own personal skills
  
   

Qualifications And Experience Required

• Relevant Masters (MComm / MSc /MPhil) or Honours degree with a professional qualification (CFA / FRM / PRM / FIA / FASSA)
• Sound understanding of quantitative methods and the application of these to financial risk management
• A minimum of 5 years relevant working experience
  
   

Other Skills And Attributes For Success

• Strong statistical aptitude in a modelling environment
• Basel 2.5, 3 knowledge
• Strong analytical skills
• Proficient in MS office
• Proficient in SAS
• Knowledge of VBA, R or Python
• Innovative, creative thinking
• Robust project management skills
• Solid presentation skills
• Effective time management
• Strong writing skills
• Initiative and enthusiasm
• Responsibility and maturity
• People skills
• Professionalism
• Confidence to be client-facing
• Above average linguistic aptitude
• Ability to work under pressure
• Flexibility to accept change and adapt
  
   

What Working At EY Offers

• Work for a globally integrated firm of actuarial and quantitative professionals across more than 150 countries, enabling optimised and consistent views across the globe.
• Work with and have access to industry experts, whilst gaining exposure across multiple engagements and clients in the financial services sector.
• Develop both your technical expertise and other skills such as project and stakeholder management.
• Further your continuous professional development through our in-house learning platforms as well as our external learning AQDS study policy.
• Work in a company culture that values diversity and inclusiveness, flexibility, employee wellness and corporate social responsibility.
• Receive ongoing mentoring, support and guidance to optimise your professional growth and progress your career at EY.

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Advisory, Actuarial Manager

We’re currently looking for an Actuarial Manager to play a leading role in our dedicated Actuarial team. It’s a rapidly growing area supported by an increased focus on risk 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.  

The opportunity 

Risk has never been as important in banking at it is today, and that trend is only set to continue. It’s all about predicting future events in an increasingly ambiguous market. To stay ahead, we’re diversifying our risk capabilities and using innovative new tools and processes, and this is your chance to make a big impact on that vision. 

Your key responsibilities 

We’ll look to you to take a holistic approach to the role, developing your skills and knowledge in multiple areas. That means you won’t just be working on pensions or insurance. You’ll add value beyond what’s traditionally expected by modeling risk in multiples areas, including pricing and data analysis. You’re likely to spend most of your day working on your projects, with occasional direct meetings with clients to monitor and discuss progress. 

Skills and attributes for success 

• Identifying the key levers that impact solvency ratios and return on equity to optimize our clients’ capital position 
• Modeling, documenting and preparing application files toward the Nation Bank of Belgium 
• Validating estimate models 
• Providing audit support for Solvency II and statutory reporting, including sample tests on Life Technical Provisions, IAS 19 and Pension funds 
• Acting as an actuarial professional, providing guidance on a wide range of areas, such as life and general insurance, investment, corporate finance, risk management and pensions 
• Further developing your team by coaching and mentoring a junior colleague 

To qualify for the role you must have 

• 4+ years’ experience in the Life Insurance industry
• Qualified Actuary
• Strong experience in financial reporting (SAM/Solvency II, IFRS, EV, Economic Capital, Management reporting / Predictive modelling) 
• Commercial awareness, and understanding the dynamics of financial services 
• Be comfortable in applying judgement and sharing insight 
• People management and project lead experience

Ideally, you’ll also have 

• The executive presence and confidence to work with senior clients 
• A global mindset with an appreciation of how organizations must respond to new risks that the forces of globalization bring 

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Job Purpose

As Performance Improvement Senior Manager - Finance, you'll build valued relationships with external clients and internal peers and develop a portfolio of business by focusing on high impact opportunities. You will lead presentations and proposals for moderately complex projects - or elements of highly complex projects - and provide subject matter insight to bids and proposals.

Drawing on your skills and experience, you'll create innovative commercial insights for clients. You'll also adapt methods and practices to fit operational team and cultural needs and contribute to thought leadership given developments in technologies affecting finance and related support functions in private and public sector industries. In addition, you'll package overall project findings into clear, concise, high-quality work products. Acting as a subject matter resource on one or more services, you'll leverage knowledge and experience to shape EY’s services to meet client problems.

By driving improvements in business processes, you'll serve as a role model for quality & risk management and confirm that project teams understand and comply with EY’s Q&RM guidelines. As a respected senior professional, you'll communicate effectively with Ernst & Young engagement partners and managers and work to build, manage and motivate high-performing teams. You'll also help key staff to build sustainable competencies.

Client responsibilities

• Participate in and, as required, lead Finance transformation engagements
• Manage financial aspects of client engagements and communicate significant issues, fees, and estimates-to-complete to partners and clients
• Help partners and directors generate new business opportunities and build client networks and relationships
• Understand all EY service offerings and actively identify opportunities to better serve clients
• Build strong relationships within EY Advisory Services and with other services across the organization and internal / external technology solution partners/ vendors

People responsibilities

• Develop people through effectively supervising, coaching, and mentoring all levels of staff
• Conduct performance reviews and contribute to performance feedback for all levels of staff
• Contribute to people-related initiatives including recruiting, retaining and training Finance professionals
• Maintain an educational program to continually develop personal skills of all levels of staff
• Understand and follow workplace policies and procedures and communicate these to all levels of staff
  
   

Technical Skills Requirements
You'll have knowledge and experience of a number of the following areas

• Finance transformation
• Understanding of latest developments in ERP and automation solutions affecting the CFO and related support functions
• Balanced scorecard
• Planning, budgeting and forecasting
• Performance measurement and performance management
• Business performance reporting
• Cost to serve
• Cost reduction
• Shared service center and business process outsourcing
• Financial statement close improvements
   

You'll have knowledge and experience in one or more of EY’s priority industry sectors

• Government & Public Sector
• Utilities
• Consumer Products
• Industrial Products
• Technology
• Communications & Entertainment
• Healthcare
  
   

Additional Requirements

• Demonstrated track record with a blue-chip consulting organization and/or blue chip organization
• Professional accountancy qualification or equivalent
• Strong academic record including a degree
• Demonstrated experience in business development
• Candidates should be willing to be based for up to 2 years in Middle East whilst maintaining home office in Africa
• Speaking Arabic is an advantage though not a requirement
• Focus on Agile Finance agenda’s given the need to shift finance functions to Business Partner Roles and given the developments in ERP solutions and automation of finance processes

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The role

The successful applicant will grow, develop and lead a team which can offer our clients advice and hands on assistance with issues such as

• Design, review and validation of market risk and pricing models in Capital markets.
• Fair Valuation of financial derivatives under IFRS 13 including exotics
• Valuation of BEE and share schemes under IFRS 2
• CVA/DVA/FVA modelling
• Economic Capital modelling
• Modelling across risk classes (market, credit, operational, liquidity) under standardised and advanced approaches
• Driving the FRTB implementation
   

Our client base covers the major retail, commercial and investment banks, insurance companies and asset management firms, including hedge funds. This is an opportunity to lead a growing team, with a first class client base.

Client Responsibilities

• Participate in and, as required, lead FSRM client engagements
• Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives
• Build and deliver relevant client solutions, based on knowledge of the client’s agenda
• Develop informed views for the client on the implications of current and anticipated industry issues
• Generate new business sales through proactively managing aligned accounts, identifying new client opportunities, playing a significant role in developing and driving a sales campaign/solution
• Develop own informed views for the client on the implications of key current and anticipated industry issues through their risk management perspective
   

People Responsibilities

• Live the EY values
• Act as a thought leader in the field of FSRM
• Lead engagement teams and accounts
• Develop people through effectively supervising, coaching, and mentoring all levels of staff ((identifying training needs where necessary)
• Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
• Conduct performance reviews and contribute to performance feedback for all levels of staff
• Contribute to people initiatives including recruiting, retaining and training FSRM professionals
• Maintain an educational program to continually develop own personal skills
   

Qualifications & Experience

• Qualifications Relevant Masters (MComm / MSc /MPhil) or Honours degree with a professional qualification (CFA / FRM / PRM / FIA / FASSA) a bonus- candidate must have a solid understanding of quantitative methods and their application in the FRM space
• Market related remuneration
• A minimum of 7 years working experience is required
   

Competencies Required

• Risk Neutral pricing and its application in the Capital markets
• Strong statistical aptitude in a modelling environment
• Basel 2.5, 3 knowledge
• Strong analytical skills
• Proficient in MS office
• Knowledge of VBA, SAS, Matlab, R
• Innovative, creative thinking
• Robust project management skills
• Solid presentation skills
• Effective time management
• Strong writing skills
• Initiative and enthusiasm
• Responsibility and maturity
• People skills
• Professionalism
• Confidence to be client-facing
• Above average linguistic aptitude
• Ability to work under pressure
• Flexibility to accept change in terms of the consulting/ advisory environment

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Job purpose

Take a lead in executing the due diligence procedures. Understand the engagement scope and assist more junior members in performing the procedures assigned to them. Responsible for writing significant parts of the report deliverable and communicating findings to the client.

Your Client Responsibilities

• Assist in producing work products that clearly explain key due diligence findings and recommendations to the client, ensuring compliance with EY standards
• Challenge the engagement scope and specific procedures and suggest modifications that will better address the client's needs and concerns
• Secure and enhance relationships with senior client management
• Assign and lead teams that will exceed client's expectations in terms of performing engagement management activities including billing, scheduling, performance, evaluations, mentoring, managing client expectations, and identifying additional client needs
• Maintain active communication with both partners and clients to manage expectations and ensure client satisfaction. Proactively identify, document and communicate any changes to the scope of work
   

Your People Responsibilities

• Mentor staff members in their professional development and career planning
• Provide on-the-job performance feedback and periodic performance reviews
• Identify training needs of staff members
• Live our shared culture and values at all times and encourage your team members to do the same
   

Operational excellence

• Review work in accordance with the firm's policies on a timely basis and in a thorough and constructive manner
• Ensure appropriate use of tools and sources of knowledge.
• Manage risk to the firm by adhering to the risk management policies and procedures and ensuring significant risks are identified
• Perform detailed analysis to evaluate potential deal breakers and/or contract negotiating points
• Apply transaction experience and industry knowledge to identify key issues and value drivers that will be critical to the engagement
• Link key terms and conditions to areas to be focused on during due diligence
• Draft the proposed scope and budget for the financial due diligence engagement with limited supervision
   

Skills And Experience

• Minimum of eight years relevant working experience
• Strong written and verbal communication skills- reports need to be ready for Partner review
• Good Computer skills
• Project Management Skills
• People Management Skills
• Big 4 Corporate Finance experience in Transaction Support Management Role
• Exposure to large transactions that are complex and involve cross boarder activities
• Able to utilise strong local insights to the Due Diligence
• Africa experience preferable
• Experience in running multiple projects simultaneously
   

Additional Qualifications

• University Degree in Accounting, Finance or Business related subject, CA(SA)
• Fluency in English
  
   

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Job Purpose

Develop people through effectively As a Financial Services Risk Management (FSRM) Manager, you'll actively establish, maintain and strengthen internal and external relationships. With guidance from partners, directors and senior managers, you'll identify potential business opportunities for Ernst & Young.

Drawing on your knowledge and experience, you'll provide innovative commercial insights for clients; adapt methods and practices to solve complex client problems. You'll also actively contribute to improving operational efficiency on projects and internal initiatives. In line with Ernst & Young's commitment to quality, you'll consistently drive projects to completion and confirm that work is of a high quality.

Your role in leading teams - or parts of teams - on engagements will depend on the size of the engagement. You'll be expected to anticipate and identify risks, and escalate any issues as appropriate. As an influential member of the team, you'll help to create a positive learning culture, coach and counsel junior team members and help them to develop.

Client Responsibilities

• Participate in FSRM engagements.
• Help manage the financial aspects of engagements by organizing staffing, tracking fees and communicating issues to project leaders.
• Participate in business development initiatives.
• Build strong internal relationships within Ernst & Young Advisory Services and with other services across the organization

People Responsibilities

• Supervising, coaching, and mentoring staff.
• Conduct performance reviews and contribute to performance feedback for staff.
• Contribute to people initiatives, including recruiting, retaining and training FSRM professionals.
• Contribute to an educational program to continually develop interpersonal and technical skills of staff.
• Understand and follow workplace policies and procedures

 

Technical Skills Requirements
Credit Risk

• Strong academic background, including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field.
• Five years of related work experience.
• Relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company.
• Strong analytical and problem solving skills.
• Demonstrated knowledge of credit and/or market risk measurement and management.
• Experience at a regulatory or rating agency in the following credit risk management, risk rating systems, regulatory capital, and/or capital markets.
• Broad consulting and project management skills.
• Effective written and oral communication skills.
• Ability to discuss the following with counterparts at financial institutions credit risk management, risk-adjusted performance measures, economic capital topics and current practices

 

Liquidity Risk

• Strong academic background, including a Bachelor's degree Finance, Economics, Accounting, Engineering or a related field.
• Five years of related work experience.
• A minimum of three years of relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company.
• Experience in treasury and capital markets risk management practices, processes and products.
• Knowledge of a broad range of treasury instruments and the complex financial products used to manage risk (including all short- and medium-term money market instruments, foreign exchange and interest rate derivatives).
• Strong mathematical and problem-solving skills.
• Ability to present complex information in a clear and concise manner.
• Strong communication and relationship building skills.
• Functional knowledge related to asset-liability management, interest rate risk, funding and liquidity risk, behavioral modeling, stress testing and scenario analysis, maturity mismatch, prepayment option modeling, sedimentation modeling, etc.
• Understanding of leading practices in treasury governance, processes, procedures and internal control environment.
• Leadership skills.
• Proven project management skills.
• Strong written and verbal communication skills for report writing, client presentations, and project management

 

Market Risk

• Strong academic background, including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field.
• Five years of related work experience.
• Relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company.
• Strong written and verbal communication skills.
• Teamwork and leadership skills.
• Problem-solving and solution development skills.
• Project management experience preferred.

 

Regulatory Compliance/Anti Money Laundering/Bank Holding

• Strong academic background, including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field.
• Five years of related work experience;
• Relevant experience with a government banking agency.
• Knowledge of accounting, regulatory reporting and/or regulatory reporting software packages, as well as bank compliance practices.
• Experience in the design, development and implementation of internal controls for financial services business processes.
• Strong written and verbal communication skills for report writing and client presentations.
• Analytical skills; specifically, the ability to assess and decompose financial services industry processes, utilizing a risk and control focus.
• Effective leadership, project management and teamwork skills.
• Prior experience in consulting preferred

 

Quantitative Advisory Services (QAS)

• Strong academic background preferred, including a Bachelor's degree in Computational Finance, Mathematics, Engineering, Statistics, or Physics.
• Five years of related work experience.
• Knowledge of statistical and numerical techniques and the principles of the theory of probability and stochastic calculus.
• Understanding of C++/Visual Basic/Excel routines and analytical programming requirements.
• Experience of working in a financial product engineering/research and development environment, designing and developing quantitative methods and services for capital market products.
• Knowledge of capital markets products, methodologies and financial analytics, including an understanding of the key concepts of derivative instrument pricing and risk measurement.
• A desire to develop and integrate quantitative skills within a required scope of designing and implementing business services.
• Strong written and verbal communication skills.
• Proficiency in Arabic language skills are highly desirable.

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Job Purpose

As Performance Improvement Assistant Manager - Finance, you'll actively establish, maintain and strengthen internal and external relationships. With guidance from partners, directors and senior managers, you'll identify potential business opportunities for EY. By drawing on your skills and experience, you'll create innovative commercial insights for clients, adapt methods and practices to fit operational team and cultural needs, and contribute to thought leadership.

You'll actively contribute to improving operational efficiency on projects and internal initiatives. In line with our commitment to quality, you'll consistently drive projects to completion and confirm that work is of a high quality. Your role in leading teams - or parts of teams - on engagements will depend on the size of engagement. When working on engagements, you'll report to higher levels of management, who will expect you to anticipate and identify risks, and escalate any issues as appropriate.

As an influential member of the team, you'll help to create a positive learning culture, coach and counsel junior team members and help them to develop.
Client responsibilities

• Participate in Finance transformation engagements
• Help manage the financial aspects of engagements by organizing staffing, tracking fees and communicating issues to project leaders
• Participate in business development initiatives
• Build strong internal relationships within EY Advisory Services and with other services across the organization

People responsibilities

• Develop people through effectively supervising, coaching, and mentoring staff
• Conduct performance reviews and contribute to performance feedback for staff
• Contribute to people-related initiatives including recruiting, retaining and training professionals
• Maintain an educational program to continually develop personal skills of staff
• Understand and follow workplace policies and procedures
   

Technical Skills Requirements

• Consulting experienced gained at Consulting firm, Blue chip industrial company having implemented finance solutions or transformation programs
• Practical experience or understanding of latest developments in shared services environment
• Relevant B Degree in finance/ accounting// CIMA, or similar
• Understanding of functionality and latest developments in ERP and process automation solutions
• Proven ability to sell to the finance community in organisations or on-sell on consulting assignments delivered
   

You'll have knowledge and experience of a number of the following areas

• Finance transformation
• Balanced scorecard
• Planning, budgeting and forecasting
• Performance measurement and performance management
• Business performance reporting
• Cost to serve
• Cost reduction
• Shared service Centre and business process outsourcing
• Financial statement close
   

You'll have knowledge and experience in one or more of EY’s priority industry sectors

• Government & Public Sector
• Utilities
• Consumer Products
• Industrial Products
• Technology
• Communications & Entertainment
• Healthcare
• Financial Services
   

Additional Requirements

• Demonstrated track record with a blue-chip consulting organization and/or blue chip organization
• Professional accountancy qualification or equivalent
• Strong academic record including a degree
• Demonstrated experience in business development