Senior - Risk Model Validation | Lisboa

Ey; Almada; On-site; EUR 60,000 - 90,000; Full time

Job summary

EY Portugal is inviting a Senior Consultant/Manager to work on regulatory risk projects within the FSRM team, delivering governance, data analysis and model development for Banking, Asset Management and Insurance sectors.

The role emphasizes client interaction, mentoring junior team members and adherence to local and global regulatory standards, with opportunities to work abroad. Fluency in English and Portuguese is required.

Qualifications

• Academic Degree in Management, Economics, Finance, Statistics, Mathematics or similar financial/analytical fields of studies.
• At least 3–4 years of experience in risk management analysis and projects, mainly in banking sector.
• Knowledge of local and international banking regulations that affect models and rating systems.
• Experience in development or validation end-to-end statistical models, including credit IRB, IFRS 9 provisioning and stress testing.
• Knowledge in PD/LGD/EAD modelling or validation.
• Good knowledge of risk model development and validation techniques.
• Knowledge of SAS, SQL, R, VBA and other programming languages will be valued.

Responsibilities

• Providing a well-integrated broad array of risk management services for financial institutions with a high level of efficiency and quality.
• Supporting governance models, policies, processes and procedures in accordance to local, national and global requirements.
• Assisting in establishing, monitoring and interpreting data with a risk management focus.
• Supporting the implementation of key regulatory requirements and guidelines.
• Developing PD and LGD risk rating models for commercial & corporate borrowers.
• Developing time series Stress Test models for capital planning initiatives.
• Supporting performance monitoring and model validation.
• Performing data manipulation and analysis using SQL, SAS and other tools and presenting results and recommendations to Credit Risk Management.
• Contributing to impairment model analysis.
• Participating in regulatory risk assessment exercises and independent reviews of the prudential framework.
• Identifying risk and improvement opportunities.
• Understanding and adhere to the clients' risk and regulatory standards and controls.

Skills

Strong communication

Analytical skills

Problem-solving

Team player

Multicultural collaboration

Education

Degree in Management/Economics/Finance/Statistics/Mathematics

Tools

SAS

SQL

R

VBA

Job description

As Senior Consultant / Manager, with our support, you will work with a range of regulatory projects within our FSRM team. That will mean using your technical knowledge and client facing experience to help prestigious clients in financial services market (Banking and Capital Markets, Asset Management and Insurance) and make strategic and operational changes about their businesses.

Your key responsibilities

• Providing a well-integrated broad array of risk management services for financial institutions with a high level of efficiency and quality;
• Supporting financial institutions through the definition of the governance models, policies, processes and procedures in accordance to local, national and global requirements;
• Assisting in establishing, monitoring, evaluating and interpreting data with a risk management focus;
• Supporting the implementation of key regulatory requirements and guidelines;
• Developing Probability of Default and Loss Given Default risk rating models for commercial & corporate borrowers;
• Developing time series Stress Test models to support capital planning initiatives;
• Supporting performance monitoring and model validation;
• Performing data manipulation and analysis using SQL, SAS and other tools and present results and recommendations to Credit Risk Management;
• Contributing to the analysis of impairment models;
• Participating in regulatory risk assessment exercises and independent reviews of the applicable prudential framework;
• Identifyingrisk and/or improvement opportunities;
• Understanding andadhere to the clients' risk and regulatory standards, policies and controls in accordance with the clients' risk Appetite;
• Identifyingrisk-related issues needing escalation to management;
• Supporting the team management;
• Contributing to the development of the FSRM team acting as mentor and coach to the junior members of the team and leading by example;
• Understanding EY and its service lines and actively assess/present ways to serve clients.

Skills and attributes for success

• Strong communication, presentation and business and technical writing skills;
• Excellent analytical skills and the confidence to translate complex data into meaningful insights;
• Ability to prioritize effectively on projects and the skills to adapt quickly to new challenges and concepts;
• Technical rigor and attention to detail;
• A strong work ethic;
• Strong problem-solving skills;
• Professional responsibility, confidentiality and integrity;
• Efficient, innovative and team-oriented work environment;
• Dedicated, innovative, resourceful and able to work under pressure;
• Team playerand critical thinking;
• Forward thinker and self-starter.

To qualify for the role, you must have

• Academic Degree in Management, Economics, Finance, Statistics, Mathematics or similar financial/analytical fields of studies;
• At least 3-4 years of experience in risk management analysis and projects, mainly in banking sector. Background in consulting environment is really valued;
• Knowledge of local and international banking regulations that affect models and rating systems;
• Relevant experience in development or validation end-to-end statistical models, including credit IRB, IFRS 9 provisioning and stress testing;
• Knowledge and previous experience of PD / LGD / EAD modelling or validation;
• Good knowledge ofrisk model development and validation techniques;
• Understanding of industry-wide modelling practices and trends;
• Knowledge in SAS,SQL, R, VBA and other programming languages will be valued;
• Ability to work in multicultural projects and environments;
• Fluent written and verbal communication skills in both Portuguese and English;
• Availability to work in Portugal and abroad.

Ideally, you'll also have

• Experience in prudential and supervision framework;
• Experience in development or validation of Internal Capital models is an advantage;
• Commercial acuityto develop existing opportunities in clients and identify and explore new ones.

What we look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you'll be a confident team player equipped with strong people management skills and a genuine passion to make things happen in a dynamic organization.

At EY, we're committed to providing recruitment and career opportunities to all, regardless of gender, sexual orientation, social background or disability.

We believe that equality and diversity are central to our recruitment process, as they enhance creativity and efficiency, leading to improved performance and productivity.

In line with this commitment, EY Portugal recently became a member of the Inclusive Community Forum.

This initiative, led by Nova SBE, focuses on the recruitment of individuals with disabilities, advocating for a more inclusive community.

Moreover, EY Portugal has also endorsed the Diversity Charter of APPDI (the Portuguese Association for Diversity and Inclusion), pledging to establish and develop internal policies and practices which support diversity.

Through these initiatives, EY seeks to actively contribute to the inclusion process, and promote a more inclusive community for people with disabilities, by actively participating in creating solutions.

If you're ready to take on a wide range of responsibilities and are committed to seeking out new ways to make a difference, this role is for you.