EY Senior Consultant - Model Audit 

Canada, Ontario, Toronto 

275047082

As part of the Financial Services Risk Management (FSRM) practice, you will be a key member of a specialized team supporting our Assurance Service Line to provide expert opinion on client IFRS 9 ECL, regulatory and economic capital, liquidity and other related models.

Your key responsibilities

As an FSRM – Model Audit Senior Consultant, you’ll conduct audit/assurance reviews of IFRS 9 ECL, regulatory and economic capital, liquidity and other related models. You will work effectively as a team member, providing support, maintaining communication, and updating engagement managers, senior managers, directors, and partners on progress. You’ll also build valuable relationships with external clients as well as internal stakeholders.

Skills and attributes for success:

• Attention to detail: Meticulously review documentation, validation reports, and performance assessments to ensure accuracy and compliance
• Critical Thinking: The ability to critically evaluate model assumptions, methodologies, and outputs to identify potential issues and areas for improvement
• Independence: Provide an independent and objective assessment of models, ensuring they meet regulatory requirements and are suitable for financial reporting or disclosures
• Communication Skills: Effective communication with stakeholders to convey findings, recommendations, and potential impacts on financial estimates.
• Documentation Skills: Proficiency in organizing and documenting the review process, including replication of key validation procedures and control evaluations.
• Soft Skills: Focus on personal growth, communication, and collaboration to enhance audit methodology and reporting

To qualify for the role you must have:

• Master’s degree in a quantitative field (e.g., Mathematics, Statistics, Economics, Finance, Engineering).
• Minimum of 2-3 years of relevant professional experience in a Big 4 and/or banking environment in a Model Validation, Model Risk Management or Model Audit Role
• Experience in a project-based, team-oriented environment, ideally in the banking sector or consulting, with a proven track record of managing teams and delivering in fast-paced and demanding environments
• Experience and proficiency in programming languages: R, Python, or SQL
• Excellent analytical, report-writing, facilitation, and presentation skills
• Strong management skills and proven people management skills
• Experience in managing both internal and external stakeholders
• Ability and appetite to drive business development and contribute to the growth of EY’s solutions

Ideally, you’ll also have:

• Professional certifications: FRM, CFA and/or Actuarial Designation
• Knowledge of credit risk and regulatory capital requirements (BASEL, AIRB, CCAR, ICAAP) and financial reporting standards (IFRS 9, US GAAP)
• Knowledge or experience of credit risk models and methodologies: Measurement Methodologies (PD, LGD and EAD), retail credit risk scorecards and wholesale risk rating models

What we look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident leader equipped with strong people management skills and a genuine passion to make things happen in a dynamic organization. If you’re ready to take on a wide range of responsibilities and are committed to seeking out new ways to make a difference, this role is for you.

What we offer

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 allows you to decide which benefits are right for you and which ones help you create a solid foundation for your future. Our Total Rewards package includes a comprehensive medical, prescription drug and dental coverage, a defined contribution pension plan, a great vacation policy plus firm paid days that allow you to enjoy longer long weekends throughout the year, statutory holidays and paid personal days (based on province of residence), and a range of exciting programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:

• 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

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.