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Business Consulting TPRC – Traded Products Risk and Capital

Profile: Counterparty Credit Risk - Business Analyst/ Project Manager (CCR BA/PM)

Level: 42-Senior

Description

EY's Financial Services Office (FSO) is a unique, industry-focused business unit that provides a broad range of integrated services that leverage deep industry experience with strong functional capability and product knowledge. FSO practice provides integrated advisory services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker-dealers, asset managers (traditional and alternative), insurance and energy trading companies, and the Corporate Treasury functions of leading Fortune 500 Companies. The service offerings provided by the FSO Advisory include: market, credit and operational risk management, regulatory advisory, quantitative advisory, structured finance transaction, actuarial advisory, technology enablement, risk and security, program advisory, and process & controls.

Within EY’s FSO Advisory Practice, the Financial Services Risk Management (FSRM) group provides solutions that can help FSO clients to identify, measure, manage and monitor the market (trading book), credit (banking book), operational, and regulatory risks associated with their trading, asset-liability management, capital management and other capital markets activities.

Within FSRM, the Market Risk (MR) team assists clients to design and implement strategic and functional changes across risk management, treasury, front office, middle office, and back office activities with a focus on risk and valuation processes, regulatory compliance, analytics, strategy, and organizational structure. Practical implementation knowledge of risk and capital management is a key competency of MR, focused on regulatory capital, market and counterparty credit risk management and broker-dealer capital requirements. Clients include large domestic and global financial institutions, broker-dealers, foreign banking organizations, asset management firms and insurance companies with significant capital markets activities. Project teams frequently work with the senior management of these firms, including CFOs and CROs

Skills and attributes for success

• Good English communication skills to liaise with different BAs and IT teams.
• Ability to design feed flow solution and logic to facilitate SACVA calculation
• BA experience- Strong problem solving skills, data analysis, extensive data testing
• CCR and MR product knowledge for all 6 risk classes- FX, IR, RCS, CR, CM, EQ
• SACVA calculation methodology
• Collateral management practices in derivative contracts
• Trade lifecycle understanding
• Good with MS Office and Visio

To qualify for the role, you should have

• Bachelor's degree in finance, economics, accounting, engineering or a related discipline and approximately 4-7 years of related/relevant work experience; or a Master’s degree in Finance, Accounting, Business, Management or a related field and approximately 4-7 years of work experience in the Financial Services industry
• Relevant counterparty credit risk experience in the financial services industry with either a consulting firm, internal consulting organization, or leading financial services institution.
• Excellent knowledge of Counterparty credit risk
• Experience of working on a global programme
• Excellent knowledge of financial institutions, global markets, trading environments and traded risk
• Excellent knowledge of risk functions within a risk organization
• Strong understanding of how change drives benefits for the bank, its customers and other stakeholders
• Ability to develop effective working relationships with stakeholders of different seniority, diverse cultures & geographical locations
• Demonstrate derivatives product knowledge across asset classes including interest rates, credit, equity, commodity, and FX, including but not limited to pricing and valuation
• Analyze and evaluate business systems and user needs. Document requirements define scope and objectives and formulate systems to parallel overall business strategies.
• Hands on experience with JIRA, Confluence, MS Visio, MS Teams would be an advantage.
• Excellent communication, strong problem solving and solution development skills
• SACVA methodology knowledge
• Derivative product knowledge- CDS, options, IR products, FX products
• Risk sensitivity calculation knowledge- Delta and Vega
• BA experience- Strong problem solving skills, data analysis, extensive data testing
• Good with MS Office and Visio

Good-to-have:

• Certifications such as FRM, CFA, PRM
• Experience in working closely with IT/Quants in either FO or Risk
• Good Stakeholder Management experience. Impactful communication, influencing and running project governance implementation, change Management and benefits realisation
• Multiple strong examples of delivery of on time and on budget projects that achieve business case stated outcomes – a driver with bias towards delivery at pace and controlling project outcomes
• Strong people manager and broad experience in managing global virtual teams of different cultures
• Worked in a banking environment and change projects in a risk or front office function
• Experience defining and documenting organizations and business process models
• Strong attention to detail and being solution oriented
• Python basic knowledge
• Basel regulatory text knowledge for SACVA
• Basic understanding of regulation divergence for risk weights and buckets across 6 risk classes
• MTM calculation for derivative contracts
• Trade events and how they affect credit risk

What working at EY offers

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical and dental coverage, and a range of programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:

• A collaborative environment where everyone works together to create a better working world
• Excellent training and development prospects, both through established programs and on-the-job training
• An excellent team of senior colleagues, dedicated to managing and varying your workload

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