USA - Consulting - Financial Services - Quantitative Advisory Services - Graduate Intern-Summer 2025

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USA - Consulting - Financial Services - Quantitative Advisory Services - Graduate Intern - Summer 2025

Applications will be accepted through January 23, 2025. For those living in California, please click here for additional information.

About our business

At EY Consulting, we are building a better working world by transforming businesses through the power of people, technology, and innovation. Our clients are at the heart of what we do. We’re focused on solving the key issues of our client buyers, building deeper relationships, and generating lasting value with significant impact.

Our firm sets the standard for consulting services, fostering an environment that encourages career ownership at every stage. As a part of our team, you'll be at the forefront of this dynamic service line, driving change and delivering solutions that revolutionize business operations. You’ll help our clients in transformation and innovation efforts: driving growth, reducing costs, and managing risks proactively.

In our Financial Services team, we build a better working world by rallying together to solve the most complex challenges. We accomplish this by building trusted relationships, keeping an open mind, going all in, being bold and courageous, and taking risks worth taking. We help build a financial services industry in which financial institutions are trusted, customers’ financial goals are attainable, and the global economy is growing and secure. In today’s complex business environment, that means understanding the relationship between risk, the regulatory environment, and performance improvement, and applying our knowledge to help clients achieve their business objectives.

What you will do

In our Financial Services Organization (FSO), the Quantitative Advisory Services (QAS) group operates as an integral component of a broader team that provides comprehensive quantitative risk management services to help identify, measure, manage and monitor the market, credit, operational and liquidity risks , asset-liability management, capital management, and other business activities of our clients across the Banking & Capital Markets, Insurance and Wealth & Asset Management sectors. The QAS team is specifically dedicated to projects focused on development, implementation, testing, validation and other quantitative services of analytic models, which are utilized in, but not limited to:

• risk management including market risk, credit risk (including counterparty credit risk, wholesale, and retail), liquidity / treasury risk, operational risk, compliance risk (including Financial Crime risk), and climate risk
• regulatory capital analytics including Basel III / Fundamental Review of the Trading Book (FRTB), and Comprehensive Capital Analysis and Review (CCAR)
• front office derivative pricing across various asset classes (e.g., interest rate, foreign exchange, equity, credit, commodity and structured products)
• banking book credit analytics, including loss forecasting, reserves/CECL, and PPNR (Pre-Provision Net Revenue)
• balance sheet management
• wealth and asset management

The QAS team also adeptly leverages advanced analytics applications, featuring Artificial Intelligence / Machine Learning (AI / ML), including Generative AI (GenAI), and Natural Language Processing (NLP) capabilities empowering the delivery of unparalleled insights and solutions to the clients.

This is a highly collaborative area, where you’ll always have the support of your team while working on multiple high-profile projects. It’s a challenging specialist area, so we won’t expect you to hit the ground running – you’ll learn as you go. That doesn’t mean you won’t have your own responsibilities though, so if you’re naturally curious, are genuinely interested in this area and are ready to engage with our clients, there’s no limit to how far you can go here.

Job Requirements and Preferences

Required Qualifications

• A strong academic record; currently pursuing a PhD in Computational / Quantitative Finance, Mathematics, Engineering, Statistics, Economics, Physics, Computer Science etc.; OR a Master’s degree in Computational / Quantitative Finance, Mathematics, Engineering, Statistics, Economics, Physics, Computer Science with 2+ years of relevant full-time quantitative analytical work experience.
• Capability to effectively program computer routines using one or more languages such as C++, Java, Python, VBA, SAS, R, and SQL
• The ability to work collaboratively in a team environment, demonstrate inclusivity, and embrace diverse perspectives
• Excellent presentation skills and the ability to communicate complex concepts effectively to all audiences
• Intellectual curiosity, the ability to take initiative and drive execution, with advanced analytical and problem-solving skills within a dynamic and evolving business landscape
• Exhibits an agile and growth-oriented mindset

Preferred Qualifications

• Proficiency in statistical and numerical techniques and stochastic calculus
• Familiarity with trading and banking products and services, along with the applicable methodologies and financial analytics, including an understanding of the key concepts of derivative instrument pricing, risk measurement and credit assessment
• Enthusiasm to develop and integrate quantitative skills in the design and execution of business services

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• 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.