Manager - Credit Risk
EY · Johannesburg
Manager: Credit Risk
The opportunity
We are currently recruiting for a Manager within our Financial Services Risk Management – Quantitative Advisory Services (QAS) team. The role will focus on credit risk. This includes credit risk modelling, credit risk model validation and the development of advanced analytical solutions for credit decisioning.
The practice focusses on financial services across banking, insurance, and corporate treasuries.
Your key responsibilities
The successful applicant will help develop and lead a team which can offer our clients advice and hands on assistance with issues such as:
- Development and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9
- Credit impairment assessment and due diligence reviews
- Create visualisations of data and generate in-depth insights
- Review and validation of Basel internal rating-based models
- Regulatory capital modelling
- Design and review of credit risk pricing models
- Development of thought leadership material on relevant industry topics
Client responsibilities
- Participate in and, as required, lead FSRM client engagements
- Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives
- Develop client solutions based on a deep understanding and knowledge of clients’ business needs
- Develop informed views for clients on the implications of current and anticipated industry issues
- Generate new business sales through proactively managing key accounts, identifying new client opportunities and playing a significant role in developing and driving sales campaigns/solutions
People responsibilities
- Live the EY values
- Act as a thought leader in the field of credit risk
- Lead engagement teams and accounts
- Develop people through effectively supervising, coaching and mentoring all junior levels of staff
- Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
- Conduct performance reviews and contribute to performance feedback for junior levels of staff
- Contribute to people initiatives including recruiting, retaining and training FSRM professionals
- Maintain an educational program to continually develop your own personal skills
Qualifications and experience required
- Relevant Masters (MComm / MSc /MPhil) or Honours degree in quantitative field like computer science, engineering, actuarial, statistics, mathematics, or related field
- Professional qualification (CFA / FRM / PRM / FIA / FASSA) a plus
- Sound understanding of quantitative methods and the application of these to financial risk management
- Sound understanding of data science methods
- A minimum of 5 years relevant working experience
Other skills and attributes for success
- Strong analytical skills and statistical aptitude in a modelling environment
- Experience in the development, review and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9 and Basel internal rating-based models is a plus
- Proficient in MS office
- Proficient in SAS
- Proficient in VBA, R or Python
- Innovative, creative thinking
- Robust project management skills
- Solid presentation skills
- Effective time management
- Strong writing skills
- Initiative and enthusiasm
- Responsibility and maturity
- People skills
- Professionalism
- Confidence to be client-facing
- Above average linguistic aptitude
- Ability to work under pressure
- Flexibility to accept change and adapt
What working at EY offers
- Work for a globally integrated firm of actuarial and quantitative professionals across more than 150 countries, enabling optimised and consistent views across the globe.
- Work with and have access to industry experts, whilst gaining exposure across multiple engagements and clients in the financial services sector.
- Develop both your technical expertise and other skills such as project and stakeholder management.
- Further your continuous professional development through our in-house learning platforms as well as our external learning study policy.
- Work in a company culture that values diversity and inclusiveness, flexibility, employee wellness and corporate social responsibility.
- Receive ongoing mentoring, support and guidance to optimise your professional growth and progress your career at EY.
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.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
It’s yours to build.