Quant & Analytics Consultant - Financial Services Risk Consulting

Our Financial Services Risk Advisory team is responsible for both consulting and audit projects across various areas of Risk Management for Financial Services clients (e.g., banks, insurance companies, clearing houses, and private equities). We are looking for a Quantitative Risk Consultant for our Zürich office.

Join our dynamic department to tackle complex challenges and contribute to the future of the financial services industry!

At EY, you will have the opportunity to advance your career in a supportive and inclusive environment, leveraging global resources and technology to enhance your professional growth. We value your unique voice and perspective to help EY become even better. Join us and create an exceptional experience for yourself, and a better working world for all.

What you can expect – enriching experiences that will last a lifetime

As a Quantitative Risk Consultant at EY, you will be an integral part of our team, engaging in impactful projects from day one. Within our Quant & Analytics team, you will gain exposure to a wide range of quantitative aspects of risk management. You will have the opportunity to contribute to projects that align with your expertise, ensuring a rewarding and enriching experience. You will work with a diverse portfolio of high-profile domestic and international clients across all areas of financial risk.

Potential projects where you can contribute to:

• Support our advisory as well as financial and regulatory audit engagements with leading financial institutions in risk management by:

• • Reviewing and developing quantitative models for measuring various risk types (market risk, credit risk, operational and fraud-related risks). You will perform statistical and quantitative analysis to validate models and present results internally, to clients, and to regulators via dedicated memos and presentations.

• • Valuating financial products and contracts: you will gain a comprehensive overview of current and latest trends in structured products and derivatives, the valuation techniques behind them, and their industry application for different client needs.

• • Analyzing the risk management function and risk appetite of our clients and assessing adherence to market, credit, liquidity, and operational risk regulatory requirements while establishing processes that enable an effective and controlled application of models along the whole lifecycle.
  • Designing and establishing AI governance and risk management frameworks in financial institutions by considering regulatory guidance, fostering innovation as well as identifying and measuring AI related (model) risks.

• Supporting non-financial risk engagements in sustainability and climate risk and integrating those into existing risk frameworks.

You will be supported by a "counselor" who will guide you throughout your career development.

What you can contribute – skills for shaping the future

• You hold an MSc or PhD in a quantitative field (mathematics, physics, statistics, financial or computational engineering, econometrics) and might have 1-3 years of relevant professional experience in a consulting environment, a financial risk management team or a model development/validation team in the financial industry.
• A strong interest in financial risk management and proven experience in applying new and classical quantitative techniques to solve risk management problems.
• Profound analytical skills and the ability to combine method, rigor, and transversal skills.
• Programming experience in languages such as Python, R, C#, or VBA is an advantage.
• You are curious about innovation and new trends (such as AI, ML, LLM, and sustainability) in the banking and insurance sector.
• Excellent written and oral communication skills in English and German (French is an advantage).
• Skilled at explaining and simplifying complex topics to ensure understanding for different audiences.
• You are open-minded, with excellent interpersonal and communication skills, and the ability to demonstrate initiative and a flexible working style in a multinational team.

If you are ready to take the next step in your career, we invite you to realize your goals with us! Design your career with EY in a culture that promotes diversity and education.

• International multi-cultural team of highly motivated advisory professionals.
• Constant personal development with a steep learning curve – a system of trainings, mentoring, counselling and on-the-job learning.
• Modern working environment and equipment, fostering mobile working flexibility.
• In our team we value work-life balance, and any additional hours worked are compensated fairly.

Become part of our high-performing team!