Risk Quant - Financial Services - Quant Trading Book - Manager - Consulting

Location : New Jersey, New York, Charlotte

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CONSULTING Manager - QUANT TRADING BOOK

EY Financial Services Office teams ("FSO") have been at the forefront of every event that has reshaped and redefined the financial services industry. The Financial Services Risk Management (FSRM) - Quantitative Advisory Services Trading Book (QTB) practice, offers a combination of quantitative, qualitative, regulatory, and technology skills along with broad industry experience to our clients. The practice assists financial institutions by driving efficiency, effectiveness, and balanced risk coverage across the organization's governance, risk, and compliance activities.

EY is currently seeking highly motivated individuals to be part of our QTB team. You will use quantitative techniques to help our clients solve risk management issues facing the financial services sector, drive business efficiencies, and manage risks in their portfolio. Our team is engaged in high exposure quantitative service projects related to the development and validation of financial models used for valuation of financial instruments, advanced analytics, and risk management.

Our team brings deep industry knowledge and quantitative modeling experiences to support our clients in the evolving regulatory landscape. As a member of the EY team, you will have the opportunity to work with a variety of clients, learn on the job, and build insight into the market landscape.

If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic QTB team!

The opportunity

As part of our Advisory Services, you will have the opportunity to team with a variety of QTB professionals and clients to deliver professional services and actively participate in our growing practice. Our teams are engaged in projects related to the model development, validation, technical documentation and other quantitative services related to front office pricing, risk management (market risk, counterparty credit risk, operational risk, liquidity risk, and climate risks), digital asset / crypto analytics, wealth and asset management, Financial Crime (FinCrime) / cybersecurity analytics, balance sheet and income statement stress testing. You will work on client assignments that will help you deepen and broaden your skills, while gaining valuable and rewarding experiences. With each engagement, you can expect to build leadership, communication, and client management skills, as well as sharpen your technical skills and problem-solving capabilities.

Your key responsibilities

As a Senior in QTB, among other things, your primary responsibilities will include delivering services in quantitative risk management and governance, model development and implementation, model / system documentation, and model validation, while establishing relationships with client personnel at appropriate levels and consistently delivering quality client services.

Other responsibilities may also include :

Supporting the development and validation of mathematical / statistical models for valuation of advanced financial instruments, risk models, and other analytical tools

Performing detailed data analysis to help clients solve business problems and complex issues in the financial services industry

Documenting results, suggesting ideas for efficiencies, and reaching conclusions

Skills and attributes for success

You would have opportunities to :

Perform advanced analytical analyses and apply critical thinking to help our clients solve business issues

Demonstrate in-depth technical capabilities, ability to apply quantitative techniques and analytical tools to various business analyses and professional knowledge

Communicate and interpret technical concepts to both technical and non-technical client stakeholders

Maintain an ambitious attitude towards finding innovative solutions to challenging problems

Bring functional experience in financial risk modelling and demonstrate knowledge of risk management function processes and overall model lifecycle management

Have functional knowledge related to some of the following : modeling knowledge of financial risks and derivative products (e.g., equity, FX, commodities, credit and interest rates), risk management, model development, model validation, advanced analytics (e.g., machine learning techniques)

Drive high-quality work products within expected timeframes and budgets

Establish relationships with client personnel at appropriate levels

Understand our clients' needs and consistently deliver quality client services focusing on more complex and specialized issues

Stay abreast of current business and industry trends in advanced analytics

Coach and mentor junior staff and new hires

Qualifications that we are looking for

A Bachelor's degree with at least 5 years' experience, or a graduate degree with at least 4 years' experience in Mathematics, Statistics, Economics, Computer Science, Engineering, Physics, Finance, Data sciences or other related fields. Work experiences must be in quantitative areas as described below.

Experience working with

Financial product engineering / research and development designing and developing quantitative methods and services for capital market and derivative products

Quantitative methods and capital markets products, including FO pricing, Market, Counterparty Credit, and other risk models

Statistical and numerical techniques and the principles of the theory of probability and stochastic calculus

Statistical languages (e.g., R, MATLAB, SAS), programming (e.g., C / C++, Python, Java, Solidity, VBA) and database languages (e.g., SQL)

Big data / machine learning and AI techniques, including neural network and deep learning frameworks and machine learning tools (e.g., TensorFlow, Theano, Torch, Keras)

Digital asset risk analytics and modeling, DeFi protocols testing, and blockchain analytics

Climate / ESG risk analytics and stress testing

Ideally, you must also have

Leadership as well as proven project management skills

Excellent written and verbal communication skills for client presentations and project management

Willingness to travel to meet client needs

What we look for

We're interested in intellectually curious people, with the ability to adjust to change and thrive in a constantly evolving environment. You'll need to be capable of asking the tough questions and independently driving their own career and learning initiatives. You'll also need excellent organizational skills and a proven record of multitasking and working effectively across multiple projects. If you're ready to contribute your big ideas and make a measurable difference right from the start, this role is for you.

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, both pension and 401(k) plans, a minimum of 15 days of vacation plus ten observed holidays and three paid personal days, 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

Support, coaching, and feedback from some of the most engaging colleagues around

Opportunities to develop new skills and progress your career

The freedom and flexibility to handle your role in a way that's right for you

What we offer you

At EY, we'll develop you with future-focused skills and equip you with world-class experiences. We'll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more .

We offer a comprehensive compensation and benefits package where you'll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $132,700 to $243,300. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $159,300 to $276,400. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.

Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.

Under our flexible vacation policy, you'll decide how much vacation time you need based on your own personal circumstances. You'll also be granted time off for designated EY Paid Holidays, Winter / Summer breaks, Personal / Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

Are you ready to shape your future with confidence? Apply today.

EY accepts applications for this position on an on-going basis.

For those living in California, please click here for additional information.

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.

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