FS-RISK CONSULTING-FSRM - Credit Risk Modelling_QBB-SENIOR

EY; Thiruvananthapuram; On-site; INR 1,400,000 - 2,100,000; Full time

Benefits offered by this job

Premium benefits

Health & wellness packages

Learning opportunities

Job summary

EY is seeking a Senior Consultant in the Global Delivery Services unit to support the Financial Services Risk Management (FSRM) group in Quantitative Banking Book (QBB) initiatives. You will apply quantitative skills to enhance risk estimation, assist regulatory compliance, and develop analytics for lending activities across banks, including domestic and global institutions.

The role emphasizes model development/validation, data preparation, and collaboration across cross-functional teams in a

Qualifications

• Postgraduate degree with at least 3 years of relevant work experience.
• Strong knowledge of IFRS 9, IRB, CCAR, CECL and Stress Testing.
• Professional certifications (FRM, CFA, PRM are a plus).
• Ability to work in a fast-paced, globally distributed environment.
• Willingness to travel based on client needs.

Responsibilities

• Demonstrate deep technical capabilities and industry knowledge of financial products, in particular lending products.
• Understand market trends and demands in the financial services sector and issues faced by clients by staying abreast of current business and industry trends relevant to the client's business.
• Monitor progress, manage risk, and effectively communicate with key stakeholders regarding status, issues and key priorities to achieve expected outcomes.
• Play an active role in mentoring junior consultants within the organization.
• Required to review, analyse and concur with tasks completed by junior staff.
• Flexibility to work across projects involving model audits, validation and development activities.

Skills

Python (advanced)

Pandas

Numpy

Scikit-Learn

SAS

SQL

R

Excel

Credit risk modelling

Regulatory modelling

Documentation

Education

Master's degree in finance/economics/statistics

Tools

SAS

SQL

R

Excel

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.

Business Consulting QAS- Quantitative Banking Book (QBB)

Profile: Senior Consultant

At EY, we're all in to shape your future with confidence.

We'll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.

Join EY and help to build a better working world.

About Global Delivery Services

Global Delivery Services refers to EY's worldwide network of service delivery centers. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda.

Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain and the United Kingdom.

Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service.

Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery and IT Global Infrastructure services, are among the services offered by Enablement Services.

Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies and skilled teams together for facilitation, rapid prototyping and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies and open innovation.

The Opportunity

This role offers the opportunity to work within EY’s Financial Services Risk Management (FSRM) group, supporting leading global financial institutions in identifying, measuring, and managing risk including trading book market risk & counterparty credit risk, banking book credit risk, operational risk, and regulatory requirements.

As part of the Quantitative Banking Book (QBB) team within FSRM, you will contribute to strategic and functional transformation across risk management within the banking portfolio. You will apply quantitative skills to enhance risk estimation processes, support regulatory compliance, and develop analytics that drive better decision making for clients with lending activities. This is an opportunity for quant professionals looking to work on models, regulatory initiatives, and high impact capital markets engagements across banks, including large domestic and global financial institutions.

Your Key Responsibilities

• Demonstrate deep technical capabilities and industry knowledge of financial products, in particular lending products
• Understand market trends and demands in the financial services sector and issues faced by clients by staying abreast of current business and industry trends relevant to the client's business
• Monitor progress, manage risk, and effectively communicate with key stakeholders regarding status, issues and key priorities to achieve expected outcomes
• Play an active role in mentoring junior consultants within the organization
• Required to review, analyse and concur with tasks completed by junior staff
• Flexibility to work across projects involving model audits, validation and development activities

Skills And Attributes For Success

• Complete, end-to-end understanding of credit risk model development or validation for the banking book portfolio (PD/LGD/EAD)
• Should have hands on experience in data preparation, manipulation and consolidation
• Expertise in Stress Testing models and/or PD/LGD/EAD models
• Solid grounding in statistics and econometrics, especially logistic regression, linear regression, fractional response, decision tree
• Strong documentation skills. Required to be adept in quickly grasping key details and summarizing them in a presentation or document
• Strong knowledge in regulatory modelling (ECB/PRA/HKMA/Regulators) with model development/validation experience
• Strong technical skills, highly proficient in Advanced Python (Pandas, Numpy, ScikitLearn, Object Oriented Programming, Parallel Processing), SAS (SAS Certified Preferred), SQL, R, excel
• Should be able to take initiative and work independently with minimal supervision, if required
• Awareness of emerging AI/ML methodologies and their use in risk management, model validation, and quantitative workflow automation (experience in AI/ML will be preferred)
• Basic AI knowledge, excellent communication, analytical thinking, and problem solving skills

Ideally, You Will Also Have

• Good to have knowledge in Machine Learning models and its applications
• Advanced knowledge in AI is good to have.
• Previous project management

What We Look For

• Postgraduate (master’s in accounting, finance, economics, statistics or a related field) with at least 3 years of related work experience
• Regulatory knowledge in IFRS 9, IRB, CCAR, CECL, Stress Testing, DFAST
• Professional certifications (FRM, SCR, RAI, CFA, PRM are a plus)
• Ability to work in a fast-paced environment and support engagements with global financial institutions
• Willingness to travel based on client needs.

What We Offer You

At EY, we'll develop you with future-focused skills and equip you with world-class experiences. We'll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more.

To help create an equitable and inclusive experience during the recruitment process, please inform us as soon as possible about any disability-related adjustments or accommodations you may need.

Our Commitment:

As a commitment, we persistently endeavour to embody our values, fulfil our purpose, and champion inclusiveness. Our dedication is to cultivate EY into an environment where diverse perspectives are celebrated, creating a supportive atmosphere for individuals to authentically be themselves and contribute their utmost.

Professional Development:

From entry-level employees to senior leaders, we believe in continuous learning. We offer opportunities to build new skills, take on leadership roles, and connect and grow through mentorship.

People and Culture:

In our dynamic workplace, diversity, equity, and inclusiveness are ingrained in our culture. We're united by a commitment to create an environment where every individual's differences are valued, practices are equitable, fostering a sense of belonging. Our shared values include integrity, respect, teaming, inclusiveness, energy, enthusiasm, courage to lead, and building relationships based on doing the right thing.

Benefits:

Embark on a transformative career journey with us and indulge in a suite of premium benefits, encompassing exclusive health and wellness packages, enticing rewards, and cutting-edge learning opportunities that empower you to continually grow and excel in your professional and personal development.

We are an equal opportunity employer and are committed to Diversity, Equity & Inclusion.