Manager - Credit Risk

Ernst & Young Advisory Services Sdn Bhd; Johannesburg; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

Ernst & Young seeks a Manager in Financial Services Risk Management focusing on credit risk in Johannesburg. The successful candidate will lead a team in model development and validation, engage with clients to tailor solutions, and drive business development efforts. Strong analytical skills and a relevant master's degree are required for this dynamic role.

Benefits

Ongoing mentoring and career support

Diversity and inclusiveness in company culture

Continuous professional development opportunities

Qualifications

• Sound understanding of quantitative methods and data science.
• Minimum 5 years of relevant working experience.
• Experience in credit risk model development and validation.

Responsibilities

• Lead a team for credit risk model development and validation.
• Develop client solutions based on deep understanding of client needs.
• Manage client engagements and build long-term relationships.

Skills

Analytical skills

Statistical aptitude

Project management skills

Time management

Innovative thinking

Education

Relevant Masters (MComm / MSc / MPhil) or Honours degree

Tools

SAS

VBA

R

Python

Job description

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We are currently recruiting for a Manager within our Financial Services Risk Management – Quantitative Advisory Services (QAS) team. The role will focus on credit risk. This includes credit risk modelling, credit risk model validation and the development of advanced analytical solutions for credit decisioning.

The practice focusses on financial services across banking, insurance, and corporate treasuries.

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:

• Development and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9
• Credit impairment assessment and due diligence reviews
• Create visualisations of data and generate in-depth insights
• Review and validation of Basel internal rating-based models
• Design and review of credit risk pricing models
• Development of thought leadership material on relevant industry topics

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
• 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 sales campaigns/solutions

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 FSRM professionals
• Maintain an educational program to continually develop your own personal skills

Qualifications and experience required

• Relevant Masters (MComm / MSc /MPhil) or Honours degree in quantitative field like computer science, engineering, actuarial, statistics, mathematics, or related field
• Sound understanding of quantitative methods and the application of these to financial risk management
• Sound understanding of data science methods
• A minimum of 5 years relevant working experience

Otherskills and attributes for success

• Strong analytical skills and statistical aptitude in a modelling environment
• Experience in the development, review and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9 and Basel internal rating-based models is a plus
• Proficient in MS office
• Proficient in SAS
• Proficient in VBA, R or Python
• Innovative, creative thinking
• Robust project management skills
• Effective time management
• Initiative and enthusiasm
• Responsibility and maturity
• Professionalism
• Confidence to be client-facing
• 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 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.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

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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.