NOIDA · FULLTIME
Senior Credit Risk Modeling Consultant
Ernst Young
Noida · onsite · Posted 4d ago
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Undisclosed3–8 yrsfulltimeNoida
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Section · 01
About this role
Job Summary
The Opportunity: This role offers the opportunity to work within EY's Financial Services Risk Management (FSRM) group, supporting leading global financial institutions in identifying, measuring, and managing risk including trading book market risk and counterparty credit risk, banking book credit risk, operational risk, and regulatory requirements.
As part of the Quantitative Banking Book (QBB) team within FSRM, you will contribute to strategic and functional transformation across risk management within the banking portfolio. You will apply quantitative skills to enhance risk estimation processes, support regulatory compliance, and develop analytics that drive better decision making for clients with lending activities. This is an opportunity for quant professionals looking to work on models, regulatory initiatives, and high impact capital markets engagements across banks, including large domestic and global financial institutions.
Your key responsibilities - Demonstrate deep technical capabilities and industry knowledge of financial products, in particular lending products
- Understand market trends and demands in the financial services sector and issues faced by clients by staying abreast of current business and industry trends relevant to the client's business
- Monitor progress, manage risk, and effectively communicate with key stakeholders regarding status, issues and key priorities to achieve expected outcomes
- Play an active role in mentoring junior consultants within the organization
- Required to review, analyse and concur with tasks completed by junior staff
- Flexibility to work across projects involving model audits, validation and development activities
- Complete, end-to-end understanding of credit risk model development or validation for the banking book portfolio (PD/LGD/EAD)
- Should have hands on experience in data preparation, manipulation and consolidation
- Expertise in Stress Testing models and/or PD/LGD/EAD models
- Solid grounding in statistics and econometrics, especially logistic regression, linear regression, fractional response, decision tree
- Strong documentation skills. Required to be adept in quickly grasping key details and summarizing them in a presentation or document
- Strong knowledge in regulatory modelling (ECB/PRA/HKMA/Regulators) with model development/validation experience
- Strong technical skills, highly proficient in Advanced Python (Pandas, Numpy, ScikitLearn, Object Oriented Programming, Parallel Processing), SAS (SAS Certified Preferred), SQL, R, excel
- Should be able to take initiative and work independently with minimal supervision, if required
- Awareness of emerging AI/ML methodologies and their use in risk management, model validation, and quantitative workflow automation (experience in AI/ML will be preferred)
- Basic AI knowledge, excellent communication, analytical thinking, and problem solving skills
- Good to have knowledge in Machine Learning models and its applications
- Advanced knowledge in AI is good to have.
- Previous project management experience
- Postgraduate (masters in accounting, finance, economics, statistics or a related field) with at least 3 years of related work experience
- Regulatory knowledge in IFIRB, CCAR, CECL, Stress Testing, DFAST
- Professional certifications (FRM, SCR, RAI, CFA, PRM are a plus)
- Ability to work in a fast-paced environment and support engagements with global financial institutions
- Willingness to travel based on client needs.
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Section · 02
Skills
Business ConsultingAutomationCounterparty Credit Riskdata privacydata preparationCFAamazon web servicesDecision TreeauditsCONCUREconometricsCCARAnalyticsBankingCapital Marketscredit riskEquityAccountingcompliancefinanceArtificial Intelligence
Section · Company
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
₹15.3L PA avg
Avg at Ernst & Young
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At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over.
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