Assistant / Senior (Quantitative Analytics and Treasury Services) - Financial Services FAAS

EY; Singapore; On-site; SGD 120,000 - 180,000; Full time

Benefits offered by this job

Continuous learning

Flexible environment

Diverse culture

Global exposure

Job summary

EY Singapore is inviting candidates for a Quantitative Analytics and Treasury Services role within FAAS. You’ll work on valuation, credit modelling, and data analytics across financial instruments, with exposure to clients in banking, private equity and asset management.

You’ll develop pricing models, perform model validation, and contribute to governance and reporting using EY tools. Join a diverse, inclusive team that fosters learning, mentorship and career growth in a flexible environment as

Qualifications

• Bachelor's or master's degree in quantitative finance, financial engineering, finance, statistics, mathematical finance, or engineering with programming skills.
• Experience with valuation, credit modelling and data analytics is preferred.
• Proficiency in programming (e.g. VBA, Python, R) and financial software tools.

Responsibilities

• Financial Derivatives Valuation and Business Valuation on client engagements.
• Develop valuation models using option pricing, fixed income, Monte Carlo and related techniques.
• Perform model validation and review of valuation methodologies and assumptions.
• Contribute to project management and data analytics to support auditing and reporting.
• Build and maintain relationships with clients and internal teams.

Skills

Analytical skills

Programming skills

Team player

Very good communication

Education

Bachelor's or master's degree in quantitative finance, financial engineering, finance, statistics, mathematical finance, or engineering with programming skills

Tools

Numerix

Murex

Fincad

Job description

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

We work together across our full spectrum of services and skills powered by technology and AI, so that business, people and the planet can thrive together.

We're all in, are you?

Join EY and shape your future with confidence.

The opportunity

Over the last 20 years, innovative new products have dramatically increased the complexity of the financial markets, from complex preference shares issuance in venture capital world, to structured products allowing clients to repackage and transfer risk, or other more exotic instruments designed to meet almost any goal two parties can agree on.

We are looking to grow our Quantitative Analytics and Treasury Services ("QATS") team within the Financial Services - Financial Accounting Advisory Services ("FAAS") service line. To be specific, we are looking for valuation and quant finance individuals to support Assurance teams with independent valuation and quantitative analysis on various financial instruments and investments into private enterprises. Included are opportunities to develop individual consulting skillsets and to provide services in model governance and valuation frameworks.

The service we provide within EY covers a broad spectrum of responsibilities with respect to financial instruments and business valuation. You will experience ongoing professional development through your interactions with internal and external clients, in conjunction with exposure to various asset classes (e.g. FX, Fixed Income, Equity, Commodity, Interest Rate, Credit, etc) and industry sectors (e.g. banking, private equity, hedge funds, transportation, commodity, utilities, oil & gas, REITS, e-commerce, fintech, etc).

The QATS team at EY uses sophisticated techniques from the field of financial engineering and quantitative finance to assist clients in developing quantitative models for pricing, valuation, risk management and regulatory compliance purposes.

Your key responsibilities:

• Financial Derivatives Valuation and Business Valuation
  • Work together within a team on multiple client engagements in daily independent valuation for a diverse range of financial instruments
  • Assist in developing valuation models to assess a variety of linear and non-linear financial instruments by adopting option pricing theory, fixed income and structured finance models, Monte Carlo simulation, statistical analysis, and other quantitative analysis
  • Perform model validation on derivative pricing models, risk management models and model parameter calibration models
  • Provide assistance in review of fair valuation approach, methodology, and assumptions adopted by private equity and venture capitalist clients
  • Perform portfolio valuation review for private equity, venture capital, and asset management companies with investments
  • Value debt instruments such as straight bonds, convertible bonds, redeemable convertible preference shares
  • Build financial models, such as Option Pricing Model and Binomial Tree Model, to value hybrid instruments
• Credit Modelling
  • Perform model development and model validations on credit risk models for Basel and IFRS 9 purposes
  • Identify sources of model risk through comprehensive review of all model components and developmental evidence and challenging the assumptions and basis of which the components are being derived
  • Employ statistical modelling methodologies in performing validation and produce results to be analyzed from statistical as well as business perspective.
  • Keep updated on industry developments in terms of regulatory requirements and best practice modelling techniques
  • Write high quality model validation reports and/or presentations
• Project Management
  • Technically contribute to managing projects which includes packaging overall project findings into clear, concise and high-quality deliverables
  • Ensure all modelling tasks are completed timely
• Data Analytics
  • Design meaningful application of data analytics to be used for auditing financial numbers including developing toolkit for data mining and work paper documentation standards
  • Use data analytics to provide actionable, timely and accurate data to drive business insights around customer, regulatory risk, compliance, operations and financial to achieve greater return on investment.
• General
  • Maintain and develop positive, productive, and professional relationships with clients
  • Build valuable relationships with external clients and internal peers
  • Challenge yourself to continually learn and teach, mentoring others while developing your own career through various exposures in client projects
  • Take ownership of your projects, while collaboratively working with other team members

Skills And Attributes For Success

• Work effectively as a team member, sharing responsibility, providing support, maintaining communication and updating team members on progress
• Highly motivated, ability to multi-task, work independently under minimum supervision and deliver top-quality results in a fast-paced, dynamic environment
• Excellent analytical and problem-solving skills
• Strong written and verbal communication skills
• Advanced written and verbal communication skills
• Demonstrate integrity, values, principles, and work ethics within a professional environment
• Good project management skills

The successful candidate must be able to display several achievements below.

• Within 6 months of joining, the candidate should
  • Understand the mechanics and valuation methodology behind various derivative financial instruments and perform valuation for such financial instruments using EY developed tools
  • Be able to explain the valuation differences between client’s and EY’s independent valuation through analyzing how various input parameters and model choices and assumptions drive the valuation output
  • Be able to perform credit risk assessment, focusing on quantitative analysis based on financial standing, for both listed and non-listed companies
  • Understand how various credit risk parameters are developed and validated
  • Gain basic understanding on programming languages such as VBA and Numerix, and apply it on Lattice Model, Monte Carlo Simulation and other model implementations when working on valuation engagements and R, Python, SAS and VBA when working on credit modelling engagements.
  • Be able to work independently with minimal supervision and take ownership of projects assigned to be under the candidate’s ownership
• Within 1 year of joining, the candidate should
  • Confidently manage clients and resolve issues typically encountered by clients with regard to financial instrument and business valuations
  • Understand the valuation approach and ability to explain the economics underpinning various types of interests and exposures in private equity and venture capitalist businesses (e.g. liquidation preferences of preference shares), and perform valuation for such financial instruments
  • Understand the Hedge Accounting concept under Singapore Financial Reporting Standard (SFRS) framework and be able to perform the quantitative approach for the purpose of hedge effectiveness assessment
  • Understand the Incremental Borrowing Rate concept under Singapore Financial Report Standard (SFRS) framework and be able to perform the quantitative approach for the purpose of Incremental Borrowing Rate assessment
  • Be able to explain to general non-technical audiences on the basics of how various financial instruments function, and the benefits and risks that they bring
  • Explain to general non-technical audiences on the rationale of the assumptions, methodologies and movements of various credit risk parameters
  • Be adaptive and committed to an intense environment and tight deadlines in providing deliverables to stakeholders
  • Possess excellent time management and prioritize various projects allocated to the candidate
  • Be able to work together within the team and actively provide guidance to junior staff members in order to deliver high quality work products
• After 1 year, candidates who demonstrate strong competency in quantitative finance has the opportunity to join the Quantitative Development Team to develop pricing model templates

To qualify for the role, you must have

• Bachelor's or master's degree in quantitative finance, financial engineering, finance, statistics, mathematical finance, or engineering with programming skills
• Minimum of 1 year of non-valuation related experience (e.g. engineering, consulting, corporate treasury functions and etc) with demonstrated interest in quantitative finance will also be considered
• A good programming skill with demonstrated aptitude in quantitative analysis and understanding of at least one Finance software package (e.g. Numerix, Murex and Fincad), Bloomberg, Reuters, MS Excel/VBA

Ideally, you'll also have

• Prior working experience in the banking industry in valuation control, pricing/credit model development and validation, market risk function
• Prior working experience in global professional services organizations or mid-tier firms
• The Chartered Valuer and Appraiser designation or be on track to be a CVA holder

all of which will be highly advantageous in your application

What We Look For

Highly motivated individuals with excellent analytical skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization.

The successful candidate must also be committed to staying at the cutting edge of both the latest financial instruments valuation techniques, business developments and accounting standards. We're seeking leaders with the ability to quickly anticipate and respond to the issues of a networked and constantly changing global economy.

What 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.

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.