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.

The opportunity

Over the last 20 years, innovative new products have dramatically increased the complexity of the financial markets, from complex preference shares issuance in venture capital world, to structured products allowing clients to repackage and transfer risk, or other more exotic instruments designed to meet almost any goal two parties can agree on.

We are looking to grow our Quantitative Analytics and Treasury Services (QATS) team within the Financial Services - Financial Accounting Advisory Services (FAAS) service line. To be specific, we are looking for valuation and quant finance individuals to support Assurance teams with independent valuation and quantitative analysis on various financial instruments and investments into private enterprises. Included are opportunities to develop individual consulting skillsets and to provide services in model governance and valuation frameworks.

The service we provide within EY covers a broad spectrum of responsibilities with respect to financial instruments and business valuation. You will experience ongoing professional development through your interactions with internal and external clients, in conjunction with exposure to various asset classes (e.g. FX, Fixed Income, Equity, Commodity, Interest Rate, Credit, etc.) and industry sectors (e.g. banking, private equity, hedge funds, transportation, commodity, utilities, oil & gas, REITS, e-commerce, fintech, etc).

The QATS team at EY uses sophisticated techniques from the field of financial engineering and quantitative finance to assist clients in developing quantitative models for pricing, valuation, risk management and regulatory compliance purposes.

Your key responsibilities:

Financial Derivatives Valuation and Business Valuation

Work together within a team on multiple client engagements in daily independent valuation for a diverse range of financial instruments
Assist in developing valuation models to assess a variety of linear and non-linear financial instruments by adopting option pricing theory, fixed income and structured finance models, Monte Carlo simulation, statistical analysis, and other quantitative analysis
Perform model validation on derivative pricing models, risk management models and model parameter calibration models
Provide assistance in review of fair valuation approach, methodology, and assumptions adopted by private equity and venture capitalist clients
Perform portfolio valuation review for private equity, venture capital, and asset management companies with investments
Value debt instruments such as straight bonds, convertible bonds, redeemable convertible preference shares
Build financial models, such as Option Pricing Model and Binomial Tree Model, to value hybrid instruments

Credit Modelling

Perform model development and model validations on credit risk models for Basel and IFRS 9 purposes
Identify sources of model risk through comprehensive review of all model components and developmental evidence and challenging the assumptions and basis of which the components are being derived
Employ statistical modelling methodologies in performing validation and produce results to be analyzed from statistical as well as business perspective.
Keep updated on industry developments in terms of regulatory requirements and best practice modelling techniques
Write high quality model validation reports and/or presentations

Project Management

Technically contribute to managing projects which includes packaging overall project findings into clear, concise and high-quality deliverables
Ensure all modelling tasks are completed timely

Data Analytics

Design meaningful application of data analytics to be used for auditing financial numbers including developing toolkit for data mining and work paper documentation standards
Use data analytics to provide actionable, timely and accurate data to drive business insights around customer, regulatory risk, compliance, operations and financial to achieve greater return on investment.

General

Maintain and develop positive, productive, and professional relationships with clients
Build valuable relationships with external clients and internal peers
Challenge yourself to continually learn and teach, mentoring others while developing your own career through various exposures in client projects
Take ownership of your projects, while collaboratively working with other team members

Skills and attributes for success

Work effectively as a team member, sharing responsibility, providing support, maintaining communication and updating team members on progress
Highly motivated, ability to multi-task, work independently under minimum supervision and deliver top-quality results in a fast-paced, dynamic environment
Excellent analytical and problem-solving skills
Strong written and verbal communication skills
Advanced written and verbal communication skills
Demonstrate integrity, values, principles, and work ethics within a professional environment
Good project management skills

The successful candidate must be able to display several achievements below.

Within 6 months of joining, the candidate should

Understand the mechanics and valuation methodology behind various derivative financial instruments and perform valuation for such financial instruments using EY developed tools
Be able to explain the valuation differences between client's and EY's independent valuation through analyzing how various input parameters and model choices and assumptions drive the valuation output
Be able to perform credit risk assessment, focusing on quantitative analysis based on financial standing, for both listed and non-listed companies
Understand how various credit risk parameters are developed and validated
Gain basic understanding on programming languages such as VBA and Numerix, and apply it on Lattice Model, Monte Carlo Simulation and other model implementations when working on valuation engagements and R, Python, SAS and VBA when working on credit modelling engagements.
Be able to work independently with minimal supervision and take ownership of projects assigned to be under the candidate's ownership

Within 1 year of joining, the candidate should

Confidently manage clients and resolve issues typically encountered by clients with regard to financial instrument and business valuations
Understand the valuation approach and ability to explain the economics underpinning various types of interests and exposures in private equity and venture capitalist businesses (e.g. liquidation preferences of preference shares), and perform valuation for such financial instruments
Understand the Hedge Accounting concept under Singapore Financial Reporting Standard (SFRS) framework and be able to perform the quantitative approach for the purpose of hedge effectiveness assessment
Understand the Incremental Borrowing Rate concept under Singapore Financial Report Standard (SFRS) framework and be able to perform the quantitative approach for the purpose of Incremental Borrowing Rate assessment
Be able to explain to general non-technical audiences on the basics of how various financial instruments function, and the benefits and risks that they bring
Explain to general non-technical audiences on the rationale of the assumptions, methodologies and movements of various credit risk parameters
Be adaptive and committed to an intense environment and tight deadlines in providing deliverables to stakeholders
Possess excellent time management and prioritize various projects allocated to the candidate
Be able to work together within the team and actively provide guidance to junior staff members in order to deliver high quality work products

After 1 year, candidates who demonstrate strong competency in quantitative finance has the opportunity to join the Quantitative Development Team to develop pricing model templates

To qualify for the role, you must have

Bachelor's or master's degree in quantitative finance, financial engineering, finance, statistics, mathematical finance, or engineering with programming skills
Fresh graduate or a minimum of 1 year of non-valuation related experience (e.g. engineering, consulting, corporate treasury functions and etc.) with demonstrated interest in quantitative finance will also be considered
A good programming skill with demonstrated aptitude in quantitative analysis and understanding of at least one Finance software package (e.g. Numerix, Murex and Fincad), Bloomberg, Reuters, MS Excel/VBA

Ideally, you'll also have

Prior working experience in the banking industry in valuation control, pricing/credit model development and validation, market risk function
Prior working experience in global professional services organizations or mid-tier firms
The Chartered Valuer and Appraiser designation or be on track to be a CVA holder

all of which will be highly advantageous in your application

What we look for

Highly motivated individuals with excellent analytical skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you'll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization.

The successful candidate must also be committed to staying at the cutting edge of both the latest financial instruments valuation techniques, business developments and accounting standards. We're seeking leaders with the ability to quickly anticipate and respond to the issues of a networked and constantly changing global economy.

What we offer

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.

Associate (Quantitative Analytics and Treasury Services) - Financial Services FAAS