Risk Consulting-Senior Manager-Market Risk

Job Description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

Risk Consulting – MENA FS Risk – Market Risk - Senior Manager

Divisional Overview

EY GDS Risk Consulting 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.

EY’s MENA Financial Services Risk Management (FSRM) team, part of the EY GDS Risk Consulting Practice, delivers tailored risk solutions to help clients identify, assess, manage, and monitor a range of financial and regulatory risks. These include market (trading book), credit (banking book), operational, and regulatory risks arising from trading, asset-liability management, capital management, and broader capital markets activities. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Within FSRM, the Market Risk (MR) team focuses on supporting clients—ranging from large domestic banks to global financial institutions—in developing, validating or reviewing Capital Markets and Market risk models (e.g., Derivatives Pricing, VaR/ES, Counterparty Credit Risk, FRTB, xVAs, Hedge effectiveness testing) based on industry best practises.

You will work within different sized, multi-disciplinary teams and play a key role in ensuring high quality outputs and service to our clients. The role involves developing knowledge and implementing new solutions to meet the ever-changing needs of our clients. We value intellectual curiosity and a passion for promoting solutions across organizational boundaries.

Key Responsibilities

• Lead a high performing team of 10-15 members, including Managers, Senior Consultants, and Analysts, in the strategic planning, execution, and delivery of complex Financial Services and Risk Management engagements, ensuring alignment with organizational goals and client needs.
• Provide expert guidance on capital market instruments, emphasizing the pricing and risk dynamics of fixed income, equity, foreign currency, interest rate, commodity, credit, and derivative transactions.
• Cultivate and manage senior-level client relationships, acting as a trusted advisor to understand strategic priorities and deliver tailored risk management solutions.
• Contribute to the firm’s thought leadership by publishing insights, participating in industry forums, and staying ahead of emerging trends in financial risk and capital markets
• Comprehend EY's service offerings and actively evaluate how the firm can deliver tailored solutions to meet client requirements.
• Demonstrate exceptional project management skills while fostering a collaborative environment that promotes accountability and high performance among team members throughout engagements.
• Monitor project progress diligently, manage risks proactively, and communicate status updates, issues, and priorities effectively to key stakeholders to ensure successful project outcomes.
• Adapt to diverse projects involving model audits, validation, and development, demonstrating flexibility and a deep understanding of domain knowledge.
• Lead internal initiatives to enhance methodologies, tools, and frameworks within the Financial Services Risk practice, fostering innovation and continuous improvement.

Qualifications, Certifications, and Education

Must-have:

• Bachelor’s degree in quantitative finance, Financial Engineering, Mathematics, Physics, Statistics, Engineering or other numerical subjects from a reputable institution.
• At least 10 years of experience within a consulting firm, a bank or other financial institution’s risk management, valuation control, quantitative analytics related business functions, preferable with pricing and modeling experience on financial derivatives, structured notes and complex financial instruments.
• Solid understanding of Risk analytics methodologies, including hedge effectiveness testing.
• Advanced technical skills, with proficiency in VBA, Python or MATLAB
• Experiences with vendor software (e.g. Bloomberg, Numerix, Refinitiv)
• Excellent analytical and problem-solving expertise

• Exceptional documentation skills with the ability to quickly grasp complex concepts and present them clearly in documents or presentations.
• Exceptional project management abilities and foster a collaborative environment and accountability among team members on engagements, while guaranteeing the high standard of the work produced.

Preferred:

• Professional certifications such as FRM, CFA, PRM, or CQF.
• Pricing/Risk management system knowledge/experience – Calypso, SunGard Adaptive, Murex, Numerix, Bloomberg, Risk Metrics, Spectrum, EQF, etc
• Experience in quantitative and qualitative analysis of risk exposures (risk measures, scenario analysis, stress testing)
• Team management skills, including coaching and mentoring junior team members and new hires.
• Willingness to travel for client engagements

What working at EY offers

As a global leader in assurance, tax, transaction, and consulting services, we’re using the finance products, expertise, and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities, and creative freedom to make things better.

At EY, we’re dedicated to helping our clients, from startups to Fortune 500 companies — and the work we do with them is as varied as they are.

You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees, and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career.
• The freedom and flexibility to handle your role in a way that’s right for you.