FS – RISK CONSULTING – FSRM – LTS – MANAGER

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Risk Consulting – Financial Services Risk Management (FSRM) – Liquidity and Treasury Services – Manager

Description

EY’s Financial Services Office (FSO) is a unique, industry-focused business unit that provides a broad range of integrated services that leverage deep industry experience with strong functional capability and product knowledge. FSO practice provides integrated consulting services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker-dealers, asset managers (traditional and alternative), insurance and energy trading companies, and the Corporate Treasury functions of leading Fortune 500 Companies. The service offerings provided by the FSO Consulting include market, credit, liquidity and operational risk management, regulatory consulting, quantitative consulting, structured finance transaction, actuarial consulting, treasury consulting, technology enablement, risk and security, program consulting, and process & controls.

Within EY’s Business Consulting Practice, the Financial Services Risk Management (FSRM) group provides solutions that can help FSO clients to identify, measure, manage and monitor the market (trading book), credit (banking book), liquidity, operational, and regulatory risks associated with their trading, asset-liability management, capital management and other capital markets activities.

Clients include large domestic and global financial institutions, broker-dealers, foreign banking organizations, asset management firms with significant capital markets activities. Project teams frequently work with the senior management of these firms, including CFOs and CROs.

Key Responsibilities

• Exposure to gap assessments, impact analysis and business readiness assessments for regulatory change management
• Demonstrate deep technical capabilities and industry knowledge of financial products
• Lead components of large-scale client engagements and/or smaller client engagements while consistently delivering quality client services
• Review work products to ensure that the team consistently delivers high quality work
• Understand market trends and demands in the financial services sector and issues faced by clients by staying abreast of current business and industry trends relevant to the client’s business
• Monitor progress, manage risk, and effectively communicate with key stakeholders regarding status, issues and key priorities to achieve expected outcomes
• Play an active role in mentoring junior consultants within the organization

Qualifications, Certifications and Education

Must-have:

• Master’s degree in business administration (finance, economics) with at least 8-12 years of relevant work experience
• Experience in regulatory reporting in Banks (FR 2052a/LCR/NSFR/PRA 110/AMM)
• Financial product knowledge and familiarity with liquidity concepts including stress testing metrics such as ILST and the ILAAP framework
• Experience in working in Treasury & ALM department in Banks
• IRRBB risk understanding, modelling & reporting capabilities
• Understanding of Bank’s Balance Sheet and various products like loans, commitments, deposits, derivatives, etc.
• Understanding of cash flows and methods to project the cash flows (principal repayments and interest payments in futures)
• Understanding of discounting techniques and Present Value, Duration, Pv01
• Understanding of interest rate structures (fixed rates, floating rates, benchmark indexes, etc)
• Working Knowledge of FTP (Funds Transfer Pricing) methodologies benchmarking and enhancement plus FTP systems implementation support
• Regulatory understanding of IRRBB regulations (Economic Value of Equity (EVE), Net Interest Income (NII), Daily Gap, Non Traded Market Risk (NTMR), etc
• Understanding of regulatory stress testing scenarios including Recovery and Resolution Planning framework and resolution liquidity metrics such as RLEN or PRA TWD (Trading Wind-Down) capabilities including scenario design and cash flow forecasting
• Business analysis skill around documenting “As Is” model and define Target Operating Model (TOM) for various treasury and liquidity risk management processes.
• Liquidity risk policy and procedures document writing
• Ability to perform data analysis for cross report amount reconciliation. Working knowledge of SQL is a must.
• Strong problem solving and solution development skills
• Knowledge of Risk Management, Regulatory Compliance and Financial Reporting
• Ability to liaise with business and technical teams of all levels including senior management
• Automation/innovation mindset
• Professional English language written and verbal skills
• Excellent communication skills

Good-to-have:

• Certifications such as FRM, CFA
• Risk management system knowledge/experience
• Willingness to travel to meet client needs
• Previous project management experience
• QRM or equivalent solution working and modelling knowledge
• Ability to query and visualize large data (using Tableau, Qlik, Looker), perform data transformations and data analysis on large datasets
• Testing capabilities (UAT plan, UAT strategy, UAT review and sign off, etc)

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