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EY Financial Risk Management - Trading Book (Counterparty Credit and Market Risk), Senior Consultant in New York, New York

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better. Join us and build an exceptional experience for yourself, and a better working world for all.

The exceptional EY experience. It's yours to build.

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

Financial Services Risk Management Advisor, FSRM (Traded Products Risk & Capital) - Financial Services Office (Senior): This position could be located in NY, NC.

EY is the only professional services firm with a separate business unit (“FSO”) that is dedicated to the financial services marketplace. Our FSO teams have been at the forefront of every event that has reshaped and redefined the financial services industry. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team!

The world’s largest banks, broker-dealers, foreign banking organizations, asset management firms and insurance companies look to us to assist them with their risk and capital management challenges. Traded products continue to be a focus for our clients as a result of broad regulatory changes and ongoing efforts by our clients to improve how they measure, monitor and optimize their risk and capital.

The opportunity

You’ll be a part of collegiate environment, all about teaming and a “we before I” culture. You’ll help our clients to design and implement strategic and functional changes across risk management, treasury, front office, middle office, and back office activities. In return, you can expect leading-class learning and development tailored to your unique interests and motivations. You can expect to progress and become ready to build a better working world for our people, our clients, and the communities that support us.

Your key responsibilities

Advise and provide clients with strategic recommendations on Financial Services Risk Management issues facing the financial services sector, focusing on the identification, measurement, and management of Market Risk and Counterparty Credit Risk. Focus on financial risk identification, measurement, mitigation, monitoring and reporting of exposures to interest rate, commodity, equity, credit and foreign exchange movements.

Provide strategic and tactical advice on the implementation of strategic process and business as usual enhancements as well as legislative and regulatory requirements such as Fundamental Review of the Trading Book (FRTB), Standardized Approach for Counterparty Credit Risk (SA-CCR), Regulatory CVA, Risk Pricing and Valuation, Margin (i.e., Initial and Variation Margin) and Comprehensive Capital Adequacy and Review (CCAR). Work closely with a team of professionals with diverse skills and backgrounds. Consistently deliver quality client services. Demonstrate technical capabilities and professional knowledge. Maintain long-term client relationships and networks. Possess strong written and verbal communication skills. Cultivate business development opportunities.

Everything you’ll do will come back to providing exceptional services to our clients. Colleagues and clients will look to you to lead components of the project, drive high quality results while coaching & motivating staff and managing client expectations. You will build your knowledge and experience, become a trusted advisor, and take your career to new heights.

Skills and attributes for success

  • Structuring and planning projects in the risk and capital markets space across a broad range of market and counterparty risk areas, including risk capital calculations, risk measurements, reporting, capital, stress testing, and controls

  • Conducting field work, project management, and developing high-quality work products within expected timeframes

  • Managing project risk and effectively communicating with engagement leaders and key stakeholders regarding status, issues and key priorities to achieve expected outcomes

  • Understanding clients’ unique ambitions and needs and referring them to colleagues in other teams and areas to broaden our business relationships

To qualify for the role you must have

  • Bachelor's degree in finance, economics, accounting, engineering or a related discipline and approximately 4 years of related/relevant work experience; or a Master’s degree in Finance, Accounting, Business, Management or a related field and 2 years of work experience in the Financial Services industry

  • Relevant experience in the financial services industry with either a consulting firm, internal consulting organization, or within front office or market risk, counterparty risk, or related areas at leading financial services institutions in the following areas:

  • Capital markets functions

  • Quantitative analytics

  • Front office sales and trading

  • Front office risk management

  • Market risk management

  • Counterparty credit risk

  • Margin and Collateral Management

  • CCAR and Stress Testing

  • Risk governance, risk appetite, risk identification, risk monitoring, risk measurements (limits, sensitivities) and risk reporting

  • Capital management and associated regulatory requirements with Basel III including

  • Market risk – Fundamental Review of the Trading Book (FRTB)

  • Counterparty credit risk – Standardized Approach for Counterparty Credit Risk (SA-CCR)

  • Credit valuation adjustment (SA-CVA and BA-CVA)

  • Demonstrate derivatives product knowledge across asset classes including interest rates, credit, equity, commodity, and FX, including but not limited to pricing and valuation

  • Knowledge of market infrastructure and control functions, including clearing, margining, settlement, product control and trading controls

  • Excellent communication, strong problem solving and solution development skills

Ideally, you’ll also have

  • A “go-getter” attitude,experience with market infrastructure and control functions, including clearing, margining, settlement, product control and trading controls

What we look for

We’re interested in leaders with a genuine creative vision and the confidence to make it happen. You can expect plenty of variety in this role, so you’ll also need the ability to be nimble, take initiative and seek out opportunities to improve your knowledge on market trends and demands for consulting services in the financial services sector and issues facing clients. If you’re serious about progressing and ready to take on some of our clients’ most complex issues, 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

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Make your mark. Apply now.

EY, an equal employment opportunity employer (Females/Minorities/Protected Veterans/Disabled), values the diversity of our workforce and the knowledge of our people.

What we offer

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 $103,300 to $170,500. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $123,900 to $193,800. 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.

  • 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.

EY accepts applications for this position on an on-going basis. If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

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

EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, genetic information, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law. 

EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and either need assistance applying online or need to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, select Option 2 for candidate related inquiries, then select Option 1 for candidate queries and finally select Option 2 for candidates with an inquiry which will route you to EY’s Talent Shared Services Team (TSS) or email the TSS at ssc.customersupport@ey.com

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