Financial Services Advisory Senior 1&2 - Credit Risk Management

Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Our 107,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on auditing, accounting, tax, and transactions. We strive to help all of our people achieve both their professional and personal goals through an inclusive environment that values everyone's contributions, appreciates diversity of thought, fosters growth, and provides continuous opportunities for development. Recognized by organizations such as Fortune, Working Mother, and Training magazine, Ernst & Young continually strives to be a great place to work.
Job Description:
Ernst & Young's Financial Services Advisory (FSA) unit is a specialty advisory practice that provides integrated market, credit and operational risk management; operations improvement, business integration, and strategic cost management; and regulatory and treasury advisory services to financial institutions and other capital markets participants. FSA includes individuals who have industry, client and product knowledge as well as quantitative, regulatory, project management and technology professionals. Our teams work together to coordinate the delivery of risk management, regulatory and business performance services to a variety of clients, including commercial banks, investment banks, broker-dealers, asset managers, insurance and energy trading companies, and other organizations.A Senior within Credit Risk Management works as a member of an integrated project team led by an engagement Partner and Project Manager. With a strong knowledge in credit and/or market risk measurement and management, the Senior is a vital member of the risk management team working in all phases of advisory work, assisting clients with: credit policies, credit risk measurement (asset and portfolio levels), reporting, mitigation, performance measurement, and capital allocation.Responsibilities
Assist clients with the development and refinement of models to measure obligor default risk, facility loss given default and exposure at default, credit value-at-risk, credit default swaps and structured products, including collateralized debt obligations, and the development and implementation of economic capital and risk-adjusted performance measures frameworks. Work to become Project Managers and/or subject matter professionals over time.Ernst & Young LLP, an equal opportunity employer, values the diversity of our work force and the knowledge of our people.
REQUIREMENTS
Qualifications: To qualify, candidates must have: a bachelor's degree in accounting, finance, economics or a related field; an MBA or master's degree (in finance, mathematics, etc.) a plus a minimum of 4 years of relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure or comparable experience working as an advisor to financial services companies strong analytical and problem-solving skills, and demonstrated knowledge in credit and/or market risk measurement and management strong communication, presentation, client service and technical writing skills the ability to converse with counterparts at financial institutions regarding credit risk management, RAPM and economic capital topics and current practices strong quantitative and/or technology skills including knowledge of MS Excel, MS Access, MS PowerPoint the desire and ability to work closely with quantitative and technology professionals on project assignments a thorough understanding of some or all of the following is a plus: credit lifecycle within a commercial bank; credit risk management infrastructures; quantitative methods and tools supporting credit risk measurement; economic capital and risk-adjusted performance measurement; competitive and regulatory drivers for credit risk management; integration of economic capital into performance measurement frameworks (e.g., RAROC, SVA); current industry and regulatory issues (Basel II); funds transfer pricing, ALM modeling, data (time series, yield curve development); knowledge of credit and market risk software (e.g., KMV, Credit Manager, Risk Manager); MS Project, VB, C++, SAS, Bloomberg
Successful candidates must also have the ability to travel approximately 30%-50%.