Credit Risk Consultant - Financial Services

EY is the only major professional services firm with a dedicated financial services practice (EY FSO) integrated in the EMEIA region. An international team of over 16.000 professionals is working across borders for our clients in the financial sector: Banking, Insurance, Payment Institutions and Wealth & Asset Management, in all service lines: Consulting, Tax, Transactions and Assurance. As we consider our people as the heart of EY, we hire and develop the most passionate people in their field to 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.

The Opportunity

We have an opportunity for an agile, market-savvy professional with solid knowledge of credit risk modelling and banking credit risk regulation, to join the team as experienced Senior Consultant or Manager, depending on the level of experience.

The Belgian Risk practice acts as a center of excellence within the EMEIA region with respect to quantitative modelling. Among others, this means we have a robust and broad expertise in the practical aspects of credit modelling. Our team of quantitative advisors consists of around 20 highly skilled professionals with background in Physics, Mathematics and (Commercial) Engineering, where academic excellence is a given. While being part of our Belgian Risk team, you will have the opportunity to work with, and learn from colleagues in other departments, also on international level. Together with our equally eminent colleagues of the Data & Analytics team, we also work on Machine Learning applied to credit risk as well as climate risk modelling for financial institutions as part of our sustainable finance workgroup.

On top of this continuous learning from local and international experts, we have developed an internal credit risk modelling program that will bring you to the level of experienced professional even faster. It consists of a mix of face-to-face trainings, web-based learning and on-the-job training.

Key Responsibilities

We are looking for a skilled quantitative professional, who may combine working on Belgian and European financial institutions. The ability to drive work forward to a conclusion, to find pragmatic solutions to complex problems and to explain and document them convincingly, are key factors in order to be successful in this role. Typical projects you will be involved in:

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  Participate in, and lead Risk engagements, with the focus credit risk modeling, including the link with accounting (e.g. IFRS 9);
• Support banks in preparing for regulatory reviews, or help them mitigate model weaknesses;
• Assist banks in any stage of the model life cycle (developing new models, backtesting, independent validation of credit models, …);
• Explore and exploit the potential of alternative data and machine learning techniques to help financial institutions bring their credit modelling to the next level;
• Investigate the impact of climate risk and ESG aspects in general on credit risk;
• Contribute to the standardization and automation of the model development and model validation process;
• Understand our full range of service offerings and actively identify and develop new opportunities to address emerging client needs.

Skills and Attributes for Success

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  Master degree in Physics, Mathematics, Statistics, Computer Science, Engineering or relevant quantitative field;
• Between 2-5 years of relevant professional experience;
• Deep understanding of quantitative modeling techniques, with practical experience in credit risk (IRB, IFRS9);
• Knowledge of some frequently used programming languages (SAS, Python, R, Matlab);
• Strong interest in or some initial experience with machine learning algorithms;
• Proficient level of business English and good communication skills; knowledge of Dutch and/or French is a major asset;
• Team spirit, but self-sufficient and autonomous;
• Pragmatic approach, with the ability to self-motivate and inspire the members of a team;
• Eagerness to learn more about the Financial Services market in Belgium and Europe.

What working at EY Offers

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  You will be part of a leading global professional services firm.
• You will be part of the EY family where everyone is willing to offer support and senior management is very accessible.
• You will join a dynamic and growing team with a great mix of young and experienced professionals focusing on financial services.
• You will get extensive trainings on technical matters, as well as soft skills and project management, and you will have access to new technologies and innovative equipment.
• We are proud of our flexible working arrangements, and we will support you to build a successful career and deliver excellent client service, without sacrificing your personal priorities.
• While our client-facing profession might require part-time working at client site and business traveling at times, we are committed to helping you achieve a lifestyle balance.