Credit Risk (Financial Services) Senior Manager/Manager, Risk Consulting

Ernst & Young Advisory Services Sdn Bhd; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A global professional services firm in Singapore seeks a Manager for their Financial Services Risk Management team. This role involves leading projects on quantitative credit risk solutions, developing risk models, and implementing technology applications. Candidates should have at least 6 years of experience in credit risk and hold a graduate degree in a relevant field. Strong programming skills in Python and experience with data visualization tools are essential.

Benefits

Continuous learning

Flexible working tools

Leadership coaching

Diverse and inclusive culture

Qualifications

• Minimum 6 years work experience in quantitative credit risk, part of which in consulting.
• Hands-on experience in developing and validating credit risk models including ECL and Basel Models.
• Industry related certification is a plus (e.g., FRM, CPA/CA, CFA).

Responsibilities

• Lead or support EY services in project planning and execution.
• Develop and validate credit risk models.
• Implement credit risk management applications.

Skills

Modeling techniques

Quantitative and modeling skills

Programming in Python

Interpersonal skills

Leadership skills

Presentation skills

Education

Graduate degree in Computational Finance, Mathematics, Statistics, Physics or equivalent

Tools

Python

R

SAS

Tableau

Power BI

SQL

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.

We are the only professional services organisation who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective. Aligned to key industry groups including asset management, banking and capital markets, insurance and private equity, we provide integrated consulting, assurance, tax, and transaction services.

The Opportunity

As part of the Financial Services Risk Management (FSRM) practice you will provide a well-integrated broad array of risk management services to financial institutions with a focus on quantitative credit risk- related service offerings.

Your Key Responsibilities

As a Manager in the FSRM team, you will be leading or supporting EY services in the market through business development, project planning and high-quality project execution. You will be working on projects relating to:

• Development and validation of credit risk models in Retail/ Commercial/ Corporate banking
• Development of innovative risk models using artificial intelligence, machine learning and deep learning techniques and alternative data for various segments
• Implementation of credit risk management technology applications and credit risk data management, including understanding of vendor offerings
• Development of visualization tools and dashboards for risk domains

Skills and Attributes for Success

• Deep understanding of modeling techniques and practical experience in credit risk models such as PD, LGD, EAD or ECL models or models to tackle business-related challenges
• Strong quantitative and modeling skills incl. artificial intelligence and machine learning techniques
• Practical experience in languages such as Python, R, VBA, SAS, Tableau, Power BI or SQL
• Strong interpersonal and teaming skills
• Effective leadership, project management and teamwork skills
• Strong presentation skills and proficiency in the use of PowerPoint, Word and Excel

To qualify for the role, you must have

• Minimum 6 years relevant work experience in quantitative credit risk, part of which in a consulting firm
• Graduate degree in Computational Finance, Mathematics, Statistics, Physics or equivalent preferred
• Hands-on experience in developing and validating credit risk models including Expected Credit Loss (ECL) / IFRS9, Credit Risk Capital Models / Basel Models / Internal-Ratings-Based Models (IRB Models) and Credit Scorecards / Credit Ratings
• Coding and programming in Python, R, SAS
• Add on components / nice-to-have:
  • Credit Risk Stress Testing
  • Credit Portfolio Management
  • Early Warning Systems (EWS)
  • Advanced analytics for collections, repayments etc.
  • Knowledge and experience in credit risk management frameworks, especially in commercial / corporate banking
  • Climate Risk Stress Testing
• Industry related certification is a plus (e.g., FRM, CPA/CA, CFA)

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 that collaborates with people from various teams while looking to develop your career in a dynamic organization

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 exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

EY is an equal opportunities employer and is committed to promoting diversity and inclusion in the workplace.