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EY Financial Services Advisory
A dream job for those interested in financial data analytics and international travels
MFF UK, November 2015
Agenda
►A few words about our presence
►Examples of our engagements
►Join our team
►Q&A session
FS Advisory – Career event at MFF UKPage 2
New York
London
Milan
Moscow
More than 80 FS focused professionals
• Our core team is led by a financial services partner with 80+ professionals
• We provide high performers, strong decision-making, business acumen technical and industry specialists
Rich international network• We share our knowledge and experience
throughout the CSE region
• We actively cooperate with the global EY teams in London and New York
• We work closely with all major financial institutions operating in the CSE region
• We bring you global view through projects delivered to global banks
Our clients
End-to-end complex solutions• We combine expertise in risk management,
prudential and customer protection regulation, finance and business areas with data management and IT enablers to deliver complex end-to-end products
EY Financial Services AdvisoryWe bring innovative, high quality and long-term
sustainable solutions which move you forward
FS Advisory – Career event at MFF UKPage 3
Technology is a common challenge across multiple functions within an organization. We have a dedicated IT team that provides technology risk, solution enablement, information management and technology security services to assist with e.g. designing, implementing and maintaining secure and high-performance IT environments;, data management and security; vendor selection and quality assurance for third-party system integration; and assessing and improving the way technology enables business processes.
IT Advisory
We understand it is essential to build and maintain effective and efficient operations that support strategic goals, regulatory requirements and emerging demands — all while under pressure to minimize expenses. By providing practical recommendations on how to align, optimize and sustain operating environments, we can help improve and integrate processes and controls, enhance productivity and reduce costs.
Business Advisory
EY Financial Services AdvisoryWe bring innovative, high quality and long-term
sustainable solutions which move you forward
The finance function affects every corner of the enterprise and today's finance departments are under growing scrutiny. Accordingly, a comprehensive approach to people, processes and technology is needed. As a trusted adviser of CFOs and treasury departments, we work to help you develop or refine the vision of your company's finance function. We focus on processes, cost reductions as well as guidance on accounting process changes and supporting IT initiatives. Planning the balance sheet
CFO Agenda
P&l
Capital ratio
Liquidity buffer
Leverage ratio
Decision-makers today must plan to manage, mitigate and capitalize on the risks they know, and respond to new risks as they emerge. Our top-ranked risk management professionals help access options and improve processes, and assist with the management of risk as an enterprise-wide discipline. Whether you are facing challenges managing credit risk, market risk, or operational risk or being compliant with prudential and consumer protection regulation, our team is ready to assist you.
Risk Management
FS Advisory – Career event at MFF UKPage 4
Agenda
►A few words about our presence
►Examples of our engagements
►Join our team
►Q&A session
FS Advisory – Career event at MFF UKPage 5
Examples of our engagementsCCAR model validation for big banking group in US
Key project challenges
New environment
• New regulation (CCAR)
• Different US market practices (charge-off)
• New people to work with (US EY, Bank, vendors)
Limited trust
• Off-shore cooperation with unknown, CSE team
Tight deadlines
• Continuous changes in project scope
• Increasing capacity demands
140+ models
10M
4 external model developers
6.000+ (un)read emails
50 – 100 pages
per report
50 – 70 people
Daily status update calls
4 PPEDs
FS Advisory – Career event at MFF UKPage 6
Examples of our engagementsQuant Hub – co-operation with New York office
Model development and validation
• For large US banks
• You will see the modeling techniques employed in the US
• The following should be evaluated:
• Purpose and use
• Theory and design (conceptual soundness)
• Inputs
• Assumptions
• Documentation
• Performance checks
• Stress scenarios
• Automatic decision-making and frameworks (when too many models)
• R
• SAS
• SQL
Model benchmarking
• A service offered for US banks
• Compares the development of their portfolio to the other banks
• Extensive time-series modeling (stationarity, seasonality, autocorrelation, …)
• Stress testing, backtesting, out-of-sample testing
• Creativity matters!
• Ideas are discussed with US managers
FS Advisory – Career event at MFF UKPage 7
Examples of our engagementsBanking, Capital Markets, Insurance, Telecoms, Energy sector…
Right team
Right approach
Right experience
• Application and behavioral scoring/rating model development
• Development/validation of A-IRB models – PD, LGD and CCF models
• Loan impairment models (loan loss provisioning)
• Collections
• Stress testing
• Regulatory compliance
• Securities and derivatives valuations, VaR and CFaR modelling
• Asset, liability and liquidity management
• Fund transfer pricing (FTP)
• Actuarial and Insurance (Life, Property and Casualty, Health)
• Business planning and development
• Operational risk management strategy, measurement and reporting
• ... And many more
FS Advisory – Career event at MFF UKPage 8
Examples of our engagementsCredit risk projects – study on Loss given default modeling
Months after defaultDefault
Collateral realization► Decision trees► Recovery process based
modeling
Ultimate LGD► Fractional
Logit► Regression► Logistic cut► Survival
analysis
Exp
osu
re a
t defa
ult
Pre-default models In-default models
Recove
ryLos
s
Recovery process(including particular recoveries)
► Survival analysis► Regression tree► Vintage models
Cure event► Decision trees► Recovery
process based modeling
In the figure below we present various LGD modeling techniques already used by EY during our previous projects.
FS Advisory – Career event at MFF UKPage 9
Agenda
►A few words about our presence
►Examples of our engagements
►Join our team
►Q&A session
FS Advisory – Career event at MFF UKPage 10
Candidate’s profile
We seek people having at least the following features:
• Proactive, self-starter, with “can do” attitude
• Analytical mindset
• Prior experience in financial area is beneficial, but not mandatory
• Prior exposure to data analysis (tools, methods, techniques) is highly regarded
• Willingness to travel
• Willingness to work overtime if necessary
To get the ball rolling:
• Apply online or directly to us
• Pass the math and English test
• Complete the Assessment Center (optional for non-Czech speakers)
• Meet with the management and… welcome aboard
FS Advisory – Career event at MFF UKPage 11
Agenda
►A few words about our presence
►Examples of our engagements
►Join our team
►Q&A session
FS Advisory – Career event at MFF UKPage 12
Ernst & Young s.r.o.
Financial Services AdvisoryNa Florenci 2116/15
110 00 Prague 1
Czech Republic
Rostislav Černý, manager+420 225 335 222 | [email protected]
Ondřej Houška, HR assistant director+420 225 335 065 | [email protected]
Contact us
FS Advisory – Career event at MFF UKPage 13
