Junior Quantitative and Financial Risk Consultant - Financial Services

Ernst & Young

Diegem, Belgium

Job posting number: #7280575 (Ref:1540623)

Posted: September 17, 2024

Job Description

EY Consulting is a fast-moving, high-growth area within EY, and this with a huge potential for you. It offers variety, challenge, responsibility and the opportunity to realize your leadership potential. Our competency teams are focused on helping our clients to improve their business performance and operational efficiency, whilst managing risk. We help clients by delivering assessment, transformation and assurance solutions in specialty areas, like finance, strategic choices, risk management, cyber security and technology.

EY is the only major professional services firm with a dedicated financial services (FS) practice integrated in the EMEIA region. An international team of over 11000 professionals are working across borders for our clients in the financial sector: Banking, Insurance and Asset Management, in all service lines: Consulting, Tax, Strategy and Assurance.

The Opportunity: Your Next Adventure Awaits?

Quantitative and Financial Risk consultants help financial institutions identify and measure risk exposures, but also ensure that the organizations are well-equipped to pursue risky, yet profitable opportunities by linking risk to pricing. Beyond regulatory driven risk activities (IRB, IC/LAAP, Recovery planning, IFRS 9 ..), they have become equal and necessary partners of the business and their working environment. For example, they play a key role along the entire lending life cycle, identifying and quantifying risk using big data and advanced analytics. We are looking for young graduates who are motivated to operate on this cross-road of technology, modeling and regulation, not afraid to use their interpersonal skills in order to solve our clients’ risk management challenges and enable better risk management.

As a future Junior Quantitative and Financial Risk consultant, you will help our clients in the following domains:

  • Quantitative modeling (market risk, valuation, credit risk), including the link with accounting (e.g. IFRS 9) and advanced analytics techniques;
  • The broad regulatory agenda (Solvency II, Basel III and the SSM world, MIFID & the Consumer Protection agenda, ICAAP/ILAAP, recovery planning, …), and its operational impact;
  • Qualitative aspects of risk management (ERM, Model Risk Management, governance, policies, reporting);
  • Trusted AI and Fairness in algorithmic decision making.

Your Key Responsibilities

  • You use EY tools & models for valuation of financial instruments, in order to provide support to our colleagues from Assurance (this can range from very simple to the most complex instruments, depending on your appetite);
  • You participate to model validation exercises, which span all risk drivers (e.g. market & credit risk) and all model types (e.g. pricing models, risk models, internal models for capital requirements calculations);
  • You develop a risk appetite report;
  • You identify and analyze the risk in an operational process;
  • You use machine learning as a new tool for risk identification, including in the data themselves;
  • You act as a first-line contact for a variety of top-class financial services clients and maintain an excellent relationship with our clients.

Your Profile
You have/are:

  • Master Degree in Engineering, Physics, Mathematics, Statistics, Finance, Risk, Economics, Accounting, or a related field;
  • A solid level of French and/or Dutch with an excellent knowledge of business English;
  • Team spirit, balanced by a healthy sense of autonomy;
  • Strong affinity with numbers, paired with the ability to see the broader picture behind the numbers in the wider regulatory and economic context of the financial sector;
  • Experience in any of the following software development environments: VBA / Java / C++ / SQL / R / Matlab / .NET / Python or data visualization tools such as Spotfire or Tableau is an asset;
  • Available to start in September 2025.

What’s In It For You

  • EY Family – you become part of the EY Family providing you with all the necessary skills, training and opportunities; enabling you to grow to your fullest potential.
  • Attractive remuneration package - We offer an attractive remuneration package; including a company car and charging card, iPhone plus subscription, health insurance, pension plan, meal vouchers, and eco vouchers. Thanks to our flex plan it is possible to choose what you value most.
  • Flexible working arrangements - We are proud of our flexible working arrangements. We will actively support you in building a successful career and delivering excellent client service without sacrificing your personal priorities. We offer flexible working hours and working from home multiple days per week is possible.
  • Inspiring work environment - At EY we are dedicated to providing you with an inspiring work environment. A work environment that allows you to further develop your skills and enables you to fulfill your true potential.
  • Learning & personal growth - You will benefit from an onboarding program, receive extensive training and will be coached by a counselor. We offer a clear career path tailored to your unique skills with necessary guidance.
  • Fun - By joining our EY- teams, you can participate in team activities, and companywide events and enjoy a drink during our monthly after-work drink.
  • Sustainability - We have a fleet of hybrid and electric cars. Our flex plan makes it possible for you to choose the most sustainable option for you. You can also opt for a train subscription or lease a bike.
  • Diversity & Inclusion - At EY we are passionate about the inclusion and support of individuals of all groups; we do not discriminate on the basis of race, religion, gender, sexual orientation, or disability status.
  • Location - All of our offices are easily accessible by public transport and/or by car and have parking space. They all have parking spaces and charging stations are provided.
  • Best Workplace – You will be part of the 2023 number one rated Best Workplace (Great Place to Work).

Here at EY, you’ll have the chance to build a truly exceptional experience. We’ll empower you with the latest technology, surround you with high-performing teams, and provide the global scale and diverse and inclusive culture you need to discover your full potential. Through our coaching and training programs, you’ll develop the skillsets you need to stay relevant today and in the future – all while building a network of colleagues, mentors, and leaders who will be on the journey with you at EY and beyond.





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Job posting number:#7280575 (Ref:1540623)
Application Deadline:Open Until Filled
Employer Location:Ernst & Young
New York,New York
United States
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