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Financial Services - Counterparty Credit Risk - Manager - Consulting - Location Open in New York, New York

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.

EY is the only professional services firm with a separate business unit (“FSO”) that is dedicated to the financial services marketplace. Our FSO teams have been at the forefront of every event that has reshaped and redefined the financial services industry. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team!

The opportunity

EY is looking for well-qualified Counterparty Credit Risk (CCR) Manager Consultants to join our Financial Services Risk Management - Business Advisory Services team. Ideal candidates will have experience in a financial services, regulatory, or consulting environment as well as strong leadership, project management, and communications skills. A good understanding of counterparty credit risk and capital markets traded products is key.

CCR continues to be a fast-growing focus area for Financial Services Risk Management practice and our broader Corporate and Investment Banking Transformation Solutions business. As a CCR consultant, you will play a key role in assisting our financial services clients to improve their overall risk management. An important aspect of your role will be contributing to exceptional performance on client engagements and creating innovative solutions and approaches designed to address ever-changing regulatory demands, industry trends, and client needs. Establishing, maintaining, and strengthening client relationships will be crucial to success. You will have an opportunity to partner with industry leaders at some of the world’s largest and most complex financial institutions to help them develop and execute industry-leading CCR risk management, measurement, and mitigation strategies designed to address challenges arising from processes and procedures; controls; models and methodologies; data; technology; and complex regulations.

Your Key Responsibilities

  • Actively participate and contribute to credit risk and CCR client engagements

  • Support EY’s internal CCR business development and go to market (GTM) initiatives

  • Work effectively as a team member sharing responsibility, providing support, maintaining communication, and updating senior team members on progress

  • Assist in preparing and presenting work products for EY clients

  • Develop and maintain productive working relationships with client personnel

  • Build strong internal relationships within Consulting and across other services

Skills and attributes for success

  • Confident and credible communicator with good technical knowledge and commercial understanding

  • Project management and strong report writing skills

  • Experience in stakeholder and client management

  • Ability to drive business development and contribute to the growth of the EY market solutions

To qualify for the role you must have

  • Demonstrable, relevant experience in banking and capital markets and counterparty credit risk

  • Experience in Counterparty Credit Risk as part of first or second line of defense with Top Tier firm – ideally with experience in a counterparty credit officer capacity or in portfolio/risk management function

  • Strong leadership skills

  • 6 – 10 years related experience

Ideally, you’ll also have

  • Significant experience in CCR products, including bilateral and listed derivatives, repurchase agreements (i.e., repo), securities lending, and prime brokerage/margin loans

  • Experience or knowledge of Central Counterparties (CCP) and cleared derivatives

  • Strong experience with underwriting, credit analysis/reviews and risk ratings

  • General understanding of counterparty trading agreements (e.g., ISDA/CSA, MRA, MSLA), netting, and financial collateral (i.e., cash and securities)

  • Foundational knowledge of counterparty credit risk measurements including potential future exposure (PFE), settlement risk, wrong way risk (WWR), risk factor sensitivities, counterparty stress testing and capital (e.g., SA-CCR, EAD, RWA)

  • Awareness of the types of counterparties that engage in counterparty credit risk transactions (e.g., banks, broker dealers, hedge funds, mutual funds, pension/endowment funds, insurance companies, and how financial institutions seek to mitigate their risk to counterparties

What we look for

We’re interested in self-motivated individuals who can easily function in a high demand, performance-driven environment. In addition, we’re looking for people who recognize the accomplishments of the team before the individual and are sought after as people developers. If you’re passionate about problem-solving and helping our clients with some of their most complex issues, this role is for you.

What working at EY offers

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical and dental coverage, both pension and 401(k) plans, a minimum of 15 days of vacation plus ten observed holidays and three paid personal days, and a range of programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:

  • Excellent training and development opportunities through established programs and on-the-job training

  • Feedback on your performance that will accelerate your growth

About EY

As a global leader in assurance, tax, transaction and consulting 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.

Join us in building a better working world.

Apply now.

What we offer

We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The salary range for this job in most geographic locations in the US is $117,300 to $215,100. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $140,800 to $244,400. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

  • Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.

  • Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

  • Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.

  • Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.

EY | Building a better working world

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.

EY is committed to providing reasonable accommodation to individuals with disabilities. If you are a qualified individual with a disability and either need assistance applying online or need to request an accommodation during the interview process, please call 1-800-EY-HELP3, type Option 2 (HR-related inquiries) and then type Option 1 (HR Shared Services Center), which will route you to EY’s Talent Shared Services Team or email SSC Customer Support at ssc.customersupport@ey.com .

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