EY (Ernst & Young) is a global leader in assurance, tax, consulting, and strategy and transactions services. As one of the "Big Four" professional services firms, it operates a vast network of member firms across more than 150 countries, employing nearly 400,000 professionals worldwide to help clients navigate complex regulatory and business challenges.

In Spain, EY maintains a significant footprint with a major headquarters in Madrid and a strong presence in Barcelona and other regional hubs. The firm is a major recruiter of international talent, offering diverse opportunities in digital transformation, financial services, and sustainability, often within multicultural teams where English is a primary working language.

EY was formed in 1989 through the merger of Ernst & Whinney and Arthur Young & Co. Its roots date back to the 19th century with founders Arthur Young and Alwin C. Ernst, who established their respective firms in the US and UK.

For international professionals

EY Spain frequently hires international profiles for its Global Delivery Services and specialized consulting arms.
The company provides a structured career development framework and extensive internal training programs.
Many roles in technology and consulting hubs allow for hybrid work arrangements.
The firm has a dedicated International Mobility program to facilitate internal transfers and relocations.
Offices are located in major Spanish business hubs, offering flexibility in geographic placement.

Senior Market Risk Consultant

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

At EY, we shape the future with confidence.
Here you will find more than a job: an opportunity to grow, learn, and leave a mark.

Join our 7,000 professionals in Spain across 15 offices and a global network of 400,000 people working every day to transform businesses and societies.

#ShapeTheFutureWithConfidence | #EYCareers | #BuildingABetterWorkingWorld

The opportunity

At EY, we are a leading global firm in audit, consulting, strategy and transactions, and legal and tax services.
We are driven by innovation, technology, and the purpose of generating a lasting positive impact.

Among the main functions to be carried out, the following stand out:

Main Responsibilities

Participate in market risk measurement, control, and management projects for banks, insurance companies, and other financial entities.
Develop and validate risk models (VaR, Expected Shortfall, sensitivities, scenarios, stress testing).
Definition and implementation of valuation adjustment models: FVA, AVA, etc., and searching for market information to correctly calibrate the adjustments.
Development of financial instrument valuation models for risk calculation and adjustment calculation.
Analyze trading and investment portfolios, risk metrics, limits, and methodologies.
Support transformation, automation, and optimization processes for models and procedures.
Prepare high-quality deliverables: reports, presentations, quantitative analyses, and technical documentation.
Interact with business, risk, internal audit stakeholders, and supervisors.
Guide junior consultants in technical and methodological tasks.

Requirements for the position:

Education

Degree in Economics, Business Administration, Engineering, Mathematics, Statistics, Physics, or similar.
Valued: Master's in quantitative finance, financial risks, or similar.

Experience

Between 2 and 6 years of experience in functions related to market risk in:
- Consulting,
- Risk or Treasury departments of banks,
- Areas of development or validation of quantitative market risk models.

Technical Knowledge

Expert knowledge of Market Risk processes and metrics: Pricing and P&L, P&L Explain, VaR and Stress Testing, Levelling, FVA / AVA, FRTB
Experience in development or review of derivative valuation calculators.
Knowledge of applicable regulations (FRTB, IFRS, CRR).
Experience in validation, backtesting, and analysis of risk models.
Advanced proficiency in Python and SQL.
Knowledge of market platforms (Reuters, Bloomberg, MEFF, Superderivatives, Markit) as well as related technologies (Murex, Bancware, Calypso, Adaptiv, Misys).

Key Competencies

Analytical capacity and technical rigor.
Communication and presentation skills.
Customer and results orientation.
Teamwork and coordination of junior profiles.
Adaptability, proactivity, and critical thinking.

What do we offer you?

Well-being and personal benefits

Wellbeing HUB: includes policies and actions for physical (Wellhub) and mental health.
Life and Accident Insurance.
Bankinter Office with special conditions.
EY Flex Flexible Compensation Plan (transport, training, restaurant card, childcare...).

Flexibility and work-life balance

Hybrid work and flexibility depending on the project.

Professional Development

Continuous training through EY University, with an individualized training itinerary.
Career plan to boost annual growth within the firm.
Personalized support: you will have the support of a Buddy and a Counselor throughout your trajectory.

Culture and work environment

Work in a dynamic and collaborative environment.
Opportunity to collaborate with global and multidisciplinary teams.
Expansion of your professional network in a diverse and enriching context.

Social Commitment

Social impact actions through the EY Foundation.

#LI-HYBRID

View original advert (Spanish)

En EY, damos forma al futuro con confianza.
Aquí encontrarás más que un trabajo: una oportunidad para crecer, aprender y dejar huella.

Únete a nuestros 7.000 profesionales en España y 15 oficinas y a una red global de 400.000 personas que trabajan cada día para transformar negocios y sociedades.

#ShapeTheFutureWithConfidence | #EYCareers | #BuildingABetterWorkingWorld

La oportunidad

En EY, somos una firma global líder en auditoría, consultoría, estrategia y transacciones y servicios legales y fiscales.
Nos impulsa la innovación, la tecnología y el propósito de generar un impacto positivo duradero.

Entre las principales funciones a llevar a cabo, destacan las siguientes:

Responsabilidades principales

Participar en proyectos de medición, control y gestión del riesgo de mercado para bancos, aseguradoras y otras entidades financieras.
Desarrollar y validar modelos de riesgo (VaR, Expected Shortfall, sensibilidades, escenarios, stress testing).
Definición e implementación de los modelos de ajustes a la valoración: FVA, AVA, etc. y búsqueda de información de mercado para poder calibrar correctamente los ajustes.
Desarrollo de modelos de valoración de instrumentos financieros para cálculo de riesgos y cálculo de los ajustes
Analizar carteras de negociación e inversión, métricas de riesgo, límites y metodologías.
Apoyar en procesos de transformación, automatización y optimización de modelos y procesos.
Elaborar entregables de alta calidad: informes, presentaciones, análisis cuantitativos y documentación técnica.
Interactuar con stakeholders de negocio, riesgos, auditoría interna y supervisores.
Guiar a consultores junior en tareas técnicas y metodológicas.

Requisitos para la posición:

Formación

Grado en Economía, ADE, Ingeniería, Matemáticas, Estadística, Física o similar.
Valorable: máster en finanzas cuantitativas, riesgos financieros o similares.

Experiencia

Entre 2 y 6 años de experiencia en funciones relacionadas con riesgo de mercado en:
- Consultoría,
- Departamentos de Riesgos o Tesorería de bancos,
- Áreas de desarrollo o validación de modelos cuantitativos de riesgos de mercado.

Conocimientos técnicos

Conocimiento experto de procesos y métricas de Riesgo de Mercado: Pricing y P&L, P&L Explain, VaR y Stress Testing, Levelling, FVA / AVA, FRTB
Experiencia en desarrollo o revisión de calculadoras de valoración de derivados.
Conocimiento de normativas aplicables (FRTB, IFRS, CRR).
Experiencia en validación, backtesting y análisis de modelos de riesgo.
Manejo avanzado de Python y SQL.
Conocimiento de plataformas de mercados (Reuters, Bloomberg, MEFF, Superderivatives, Markit) así como de tecnologías relacionadas (Murex, Bancware, Calypso, Adaptiv, Misys).

Competencias clave

Capacidad analítica y rigor técnico.
Habilidades de comunicación y presentación.
Orientación al cliente y a resultados.
Trabajo en equipo y coordinación de perfiles junior.
Capacidad de adaptación, proactividad y pensamiento crítico.

¿Qué te ofrecemos?

Bienestar y beneficios personales

Wellbeing HUB: incluye políticas y acciones para la salud física (Wellhub) y mental.
Seguro de Vida y Accidentes.
Oficina Bankinter con condiciones especiales.
Plan de Compensación Flexible EY Flex (transporte, formación, tarjeta restaurante, guardería...).

Flexibilidad y conciliación

Trabajo híbrido y flexibilidad según proyecto.

Desarollo profesional

Formación continua a través de EY University, con un itinerario formativo individualizado.
Plan de carrera para potenciar el crecimiento anual dentro de la firma.
Acompañamiento personalizado: contarás con el apoyo de un Buddy y un Counselor durante toda tu trayectoria.

Cultura y entorno de trabajo