Quantitative Advisory Services - Manager – Market Risk

The Quantitative Advisory Services (QAS) team works with clients in Financial Services with regulatory / risk modelling challenges in areas such as Market, Credit risk and Operational Risk. QAS works closely with other financial services risk practitioners, IT advisory and Financial Accounting teams, bringing together the range of quantitative modelling and technical skillsets needed to support clients often highly specific and complex requirements. The team covers all financial services sectors, with established presence and extensive local knowledge across locations in the US, UK and EMEIA, and Asia.Fundamental Review of the Trading Book (FRTB) is a key focus area for the Quantitative Advisory Services practice and a strategic value proposition and part of the broader Corporate and Investment Banking Transformation Solutions. FRTB regulations have a significant impact on the front to back market risk management capabilities and technology landscape of global investment banks. EY has been an early mover on FRTB and has been extensively helping our clients mobilise strategic change and regulatory compliance programmes across business and technology.The successful Quantitative Advisory Services Manager will lead client engagements and internal projects. An important part of your role will be actively establishing, maintaining and strengthening internal and external client relationships. You will also identify and escalate potential business opportunities for EY on existing engagements.Similarly, you will anticipate and identify risks and raise any issues with senior members of the team. In line with our commitment to quality, you will determine that work is of a high quality and is reviewed by the next-level reviewer. As an influential member of the team, you'll help to create a positive learning culture and will coach and counsel junior team members and help them to develop. Client responsibilities Participate in and lead in Quantitative Risk engagements with a Market Risk focus Work effectively as a team member sharing responsibility, providing support, maintaining communication, and updating senior team members on progress Assist in preparing reports and project plans that will be delivered to clients and other parties Develop and maintain productive working relationships with client personnel Build strong internal relationships within Advisory and across other services People responsibilities Conduct performance reviews and contribute to performance feedback for staff Contribute to people initiatives including recruiting and retaining FS Risk professionals Maintain an educational program to continually develop personal skills Experience and knowledge in the following areas: Demonstrable, relevant experience in Financial Services, either as part of an institution; in an advisory or business consulting capacity to such organisations or in the regulation of such institutions. Strong academic background including at least a 2.1 Bachelor's degree (Computational Finance, Mathematics, Engineering, Statistics, or Physics preferred) or equivalent Professional Qualification e.g. CQF / CFA / FRM / PRM Significant experience in application and justification of statistical and numerical techniques and principles of the theory of probability. Good understanding of Derivative Pricing, Market and CVA methodologies used for the trading, risk management and ideally calculation of regulatory capital requirements. Good working knowledge of Derivative Pricing, Market Risk and CVA & Financial Services Regulation - experience in FRTB and CRDIV or Economic Capital requirements Modelling background, including experience in model development and model validation of Derivative Pricing, Market Risk and CVA models and experience of standard techniques used. Demonstrable experience of comparing and contrasting observed Market or Counterparty Risk activities against a framework of good practice. Strong experience in any of the following software development environments: VBA /Java /C++ / SQL/R/Matlab/.NET Keen desire to continue developing and integrating quantitative skills within both a challenging and rewarding commercial environment Confident and credible communicator who displays both technical knowledge and commercial understanding Project management and report writing experience Excellent report writing skills Experience in stakeholder and client management