Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • Johannesburg


EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team up to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
We are currently seeking highly motivated individuals to join the Financial Services Risk Management practise within EY Advisory. The practice focusses on Financial Services across Banking, Insurance, and Corporate treasuries. Our services cover statutory, regulatory, and other quantitative areas both from an advisory and an assurance perspective. This includes risk modelling, pricing and valuation of financial derivatives and structured deals, and credit impairment calculations.
Specific responsibilities:
Risk modelling and stress testing
Design models and methodologies that help managers better understand the sources of value and risk as well as the key financial drivers affecting them
Provide assistance in choosing accurate metrics that support business decisions and facilitate the efficient allocation of risk capital and management of exposure
Measurement and reporting of risk sensitivities
Economic capital modelling
Credit risk modelling for all asset classes (PD, LGD, EAD, RWA)
IFRS 9 modelling
Model review
Hedge effectiveness
Working with clients to assess reliability, accuracy and consistency of models to gain a clearer understanding of their strengths and weaknesses
Evaluate performance, stability and relationships within and between models
Assist clients to benchmark models against industry best practices to provide recommendations on the output of these models against regulatory requirements
Validation of modelling assumptions, inputs and implementation for stress testing and scenario analysis
Review of the interest rate term structure models
Compliance assessment of models
Validation of mortgage repayment and pricing models
Qualifications & Experience:
Qualifications: Relevant Masters (MComm / MSc /MPhil) or Honours degree with the intend to pursue a professional qualification (CFA / FRM / PRM / FIA / FASSA)  - candidate must have a solid understanding of quantitative methods and their application in the FRM space
Market related remuneration
A minimum of 5 years working experience is required
Competencies required:
Strong analytical skills
Proficient in MS office
Knowledge of SAS, VBA, Matlab
Innovative, creative thinking
Robust project management skills
Solid presentation skills
Effective time management
Strong writing skills
Initiative and enthusiasm
Responsibility and maturity
People skills
Confidence to be client-facing
Above average linguistic aptitude
Ability to work under pressure
Flexibility to accept change in terms of the consulting/ advisory environment
Who we are:
At EY we support you in achieving your unique potential both personally and professionally. We give you stretching and rewarding experiences that keep you motivated, working in an atmosphere of integrity and teaming with some of the world's most successful companies. And while we encourage you to take personal responsibility for your career, we support you in your professional development in every way we can. You enjoy the flexibility to devote time to what matters to you, in your business and personal lives. At EY you can be who you are and express your point of view, energy and enthusiasm, wherever you are in the world. It's how you make a difference.
Please note: Preference will be given to PDI candidates.

About the company

A multinational professional services firm headquartered in London, United Kingdom. It is one of the "Big Four" audit firms and is the third largest professional services firm in the world by aggregated revenue in 2014.

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