Large Consultancy firm looking for a
Market Risk Quant
with strong analytical skills, traded risk expertise, and experience in derivative products to join the
Market Risk team
within the
Risk Consulting
business. This is a full-time, London (UK)-based role.
The team works with clients in Financial Services facing regulatory and risk challenges in areas such as Market, Counterparty, Credit, and Climate Risk. This is a rapidly growing area, supported by increased industry focus. It's a great time to join a high-profile team where you'll be surrounded by knowledgeable colleagues and exciting project opportunities to learn and further develop your skillset and career.
The Opportunity
As a Manager, you will lead client engagements or workstreams and participate in internal projects. On a day-to-day basis, you'll deliver complex risk and regulatory transformation engagements—from strategy through to implementation. Depending on the role, you may have line management responsibilities and own specific client deliverables from inception to completion.
A key part of your role will be to actively establish, maintain, and strengthen internal and external client relationships. You will also support internal go-to-market proposition development on relevant risk solutions (e.g., FRTB, risk transformation, data and technology, CCR management), contribute to thought leadership, and support the sales process through proposal development and closure—providing a unique blend of skills to grow your career within the firm.
As a Market Risk professional, you'll work on a variety of complex and high-profile projects with some of the largest financial institutions globally, focusing on traded products and a wide stakeholder landscape across Front Office, Risk, Model Development and Validation, Model Governance, Finance, and Technology functions. Example topics include:
* Strategic business growth and regulatory remediation initiatives (PRA, ECB, OCC/Fed)
* Capital optimisation and financial resource management
* FRTB and trading book wind-down
* Model governance, risk, and controls across the three lines of defence
* Future of risk, emerging digital assets, and sustainability agenda
In line with our commitment to quality, you'll ensure work is of a high standard and reviewed appropriately. As an influential team member, you'll help foster a positive learning culture and coach junior colleagues.
Key Responsibilities
As a Manager, you can expect to be involved in the following activities:
* Participate in Risk and Assurance engagements with a Market and/or Counterparty Credit Risk focus
* Work effectively as a team member, sharing responsibility, providing support, maintaining communication, and updating senior team members on progress
* Draft presentations, reports, and other deliverables for senior stakeholders
* Conduct performance reviews and contribute to staff feedback
* Support recruitment and other people initiatives
* Maintain an educational program to continually develop personal skills
* Contribute to internal solution development, business development materials, and market growth
* Participate in project planning and economics (e.g., budgeting, billing)
Skills And Attributes For Success
* Strong hands-on experience in mathematical modelling and risk management practices across derivatives
* Confident and credible communicator (written and verbal) with strong technical knowledge of traded products and commercial awareness
* Project management and report writing skills
* Experience in stakeholder and client management; well-organised
* Ability to support business development and contribute to EY's market solutions and thought leadership
To Qualify for the Role, You Must Have
* Strong academic background, including at least a 2:1 Bachelor's degree
* Solid understanding of derivative pricing, market risk, and CVA methodologies, including greeks, market data, and capital calculations
* Knowledge of statistical and numerical techniques used in traded risk methodologies
* Hands-on experience with programming languages (e.g., Python, C++, C#)
* Experience managing small teams and reviewing deliverables
* Strong communication skills and commercial understanding
* Ownership of tasks, timely delivery, and project management experience
* Soft skills: teamwork, collaboration, inclusiveness, flexibility, proactiveness, and motivation
Good to Have
* Professional qualifications (e.g., CQF, CFA, FRM, PRM)
* Experience with Risk Data & BCBS 239: Market Risk and Counterparty Credit Risk reporting (e.g., risk appetite, ICAAP, SREP, COREP), data lineage, data quality metrics, and controls design
* Experience with software development environments (e.g., VBA, Java, C++, SQL, R, Matlab, .NET) and project management tools (e.g., Tableau, MS Project)
* Understanding of risk and controls, risk appetite, frameworks and policies, target operating models, governance, traded risk measurement, internal model permissions, and regulatory interactions
What We Look For
We're interested in people with the right attitude—entrepreneurial individuals who thrive in a global team. You'll need a balance of technical and analytical skills, creativity, and strong communication. If you have bold ideas and the confidence to share them, this role is for you.