Banking & Capital Markets Risk Tech , Manager, Technology Consulting FS

Our UK Capital Markets technology and data capability helps our investment banking clients to deliver complex business and regulatory transformation, enabled by technology.

The opportunity EY has a market leading Risk practice which requires a strong data and technology focus to deliver strategic future proof solutions with a control and efficiency lens. This presents an opportunity for Technology Consulting to support our clients in helping them to articulate their technology and data strategy and implement their transformations by harnessing the power of their data, identifying business enabling technology tools and capabilities and streamlining their technology estates.

You will have the opportunity to work on business-critical engagements. In recent years we have helped investment banks improve their compliance with regulations such as the Basel 3 Regulatory Framework, FRTB and BCBS 239, and prepare for upcoming regulation around Liquidity and Interest Rate Risk and supporting our clients in leverage how to deploy AI in their businesses responsibly. As we look to the future prudential regulation will increasingly have a Climate Risk component, and EY have been recognised as leaders in ESG and sustainability consulting.

We also help banks to become more profitable, either by developing new revenue streams, or crucially, by reducing costs. While we predominantly serve the UK market, our clients are global, and we collaborate extensively with our fellow capital markets teams in EMEIA, the US and APAC.

We come at transformation problems in the following ways with respect to technology:

• We are highly skilled at delivering and overseeing large scale technology change – from inception and requirements definition through to operational readiness. We prefer an agile methodology but are happy to work in whatever ways our clients demand.
• We are increasingly bringing technology assets to clients to help accelerate transformation. Our technology assets include proprietary EY tools as well as best-of-breed vendor tools.
• We deploy team members from on-shore, near-shore and off-shore teams, and often work alongside our major alliance partners, such as Microsoft, IBM, Snowflake, Moody’s, Service Now and Pega to deploy solutions. Increasingly we collaborate with FinTech firms too.
• We are passionate about keeping pace with the latest emerging technology. We have recently invested in senior hires in Cloud, Digital, Intelligent Automation and AI. But we aren’t interested in technology for the sake of technology – we combine the tech mindset with EY’s deep business and regulatory knowledge in order to deploy technology intelligently to solve business problems.
• We are always mindful of the role we and our clients play in relation to long term sustainability and the drive to help financial services become a low carbon industry. We are already advising clients on sustainability and the enabling role that data and technology play.

We are looking for Risk Technology Managers to join our team due to high demand and expected growth.

Your key responsibilities include:

• Engagement delivery: roles vary from engagement to engagement, but are likely to include techno-functional analysis, solution and data architecture, data analysis, solution design, and end to end implementation management. As a Manager you can expect significant people leadership responsibilities and will face off to senior members of client teams.
• Risk Technology Solution development: contributing in a number of ways to the Risk Technology solutions that we bring to market to address the needs of our client. This could entail research, design of prototypes, working with alliance partners, software engineering and testing.
• Business development; including the development of long-term trusted advisor relationships with our clients. You will also work on proposals and, from time to time, support thought leadership that we issue to the market.

There are three sets of skills required for successful candidates:

• Commercial and interpersonal skills
• Investment banking knowledge
• Risk technology domain expertise

As a Manager you will likely have many but probably not all of the skills listed below:

• Ability to manage multiple stakeholder communities with varying levels of experience
• Identifying opportunities for and securing new business, including leading proposals and bid teams
• Ability to lead teams and take accountability for delivery
• Ability to demonstrate strong collaboration across a wide spectrum of colleagues, including internationally. A proven track record of working with offshore teams would be a major benefit.
• High level of drive, commitment to achieving solutions and ability to work under pressure
• Ability to engage with our clients and build strong, collaborative relationships.
• Intellectual strength / flexibility to rapidly understand complex problems, apply critical thinking, and rationalise these into workable solutions which can then be delivered
• Appreciation of EY’s solutions / go to market abilities and how these service client needs
• A demonstrable commitment to diversity and inclusiveness
• Good understanding of Prudential Risk including Market Risk, Model Risk, Credit Risk, Counterparty Credit Risk and Liquidity Risk. Knowledge of Non-Financial Risks such as Conduct Risk, Cybersecurity Risk, Data Risk, Compliance risk and Reputational Risk.
• Strong product knowledge, with the ability to face off to risk and front office functions in particular
• Experience of working with Risk stakeholders within Risk Transformation programmes. Some knowledge of Basel 3 Framework, Basel IV, CRR II / CRD V, FRTB, IRRBB and Liquidity Risk would be valuable
• Understanding of Risk business processes including but not limited to VAR, Risk Limits, Stress testing, ILAAP and ICAAP, Default Probability, Exposure at Default, Loss given Default.
• A demonstrable interest in the digitisation of investment banks and an understanding of the Risk Technology landscape
• Understanding of the capital markets ecosystem (sell side, buy side, FMIs, service providers, vendors)
• Financial risk management skills and knowledge of systems and data to support the industry respond to UK and European regulation to manage climate risk
• A point of view on how the investment banking industry will continue to evolve and how the technology, innovation and FinTech landscape will shape the future

Technical skills:

• Large scale programme delivery (Agile, DevOps, waterfall) – SCRUM qualifications would be beneficial. Understanding of the System Delivery Life Cycle.
• Experience of using agile delivery tools such as JIRA, Pivotal, Collab, Confluence
• Experience of engineering based on the likes of SQL, SSIS, Python, Java, Scala, XML/FpML and Power BI
• Data architecture, data lineage and all aspects of AI including, but not limited to, NLP, ML, deep learning and Generative AI
• Testing/quality engineering; experience of test automation will be beneficial
• Process Automation, BPM and Digital Platforms, e.g. Pega
• Cloud technology (knowledge of any or all of Azure, AWS and Google would be beneficial)
• Experience of handling information security and privacy challenges
• Interest and awareness in emerging technologies
• Experience of vendor packages.
• An appreciation of Artificial Intelligence and Machine Learning

Academic and prior experience:

• A university degree, 2:1 (or equivalent) or above is usually preferred, however we would be open to outstanding candidates who may have followed an alternative academic path.

What working at EY offers:

• We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance.
• Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions.
• 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

About EY: As a global provider of assurance, tax, transaction and advisory 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. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible. Join us in building a better working world. Apply now.

Please note: Prior to finalizing your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. We ask because it matters!