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Business Consulting – Financial Services Risk Management – FSRM – Business Solutions – Senior Consultant

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.

Within FSRM, the Business Solutions team assists across end-to-end aspects of Capital management, CECL, BASEL, credit risk, liquidity & treasury and ICAAP related 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 3-7 years of relevant work experience    
Experience in regulatory reporting in Banks
Experience in working in Treasury & ALM department in Banks
QRM or equivalent solution working and modelling knowledge
Treasury and/or Liquidity Risk / Operations experience in BFSI 
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

Business analysis skill around documenting “As Is” model and define Target Operating Model (TOM)
Skills in areas of Policy and procedures document writing
Skills around defining business and IT architecture
Data skills (Data framework, Data Controls, Data architecture, etc)
Testing capabilities (UAT plan, UAT strategy, UAT review and sign off, etc)
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
 

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