EY

Senior Consultant - Market Risk

Company
Location
London, England, United Kingdom
Posted At
8/7/2025
Description
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Senior Consultant, Market Risk

Location: London

EY is looking for a Senior Consultant with strong analytical skills and knowledge of derivative product pricing and risk management 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 collaborate with knowledgeable colleagues and work on exciting projects that will help you develop your skillset and advance your career.

The Opportunity

As a Senior Consultant, you will participate in client engagements or workstreams and contribute to internal initiatives. On a day-to-day basis, you’ll help deliver complex risk and regulatory transformation projects—from strategy through to implementation. You will be responsible for specific client deliverables from inception to completion, working closely with EY leadership.

A key part of your role is to collaborate with colleagues and leadership to ensure high-quality outcomes for clients. You will also support internal go-to-market proposition development in areas such as FRTB, risk transformation, data and technology, and CCR management. Additionally, you’ll contribute to thought leadership and support the sales process through proposal development and closure—building a well-rounded skillset 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. These projects focus on traded products and involve a broad 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 (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, digital assets, and sustainability initiatives

In line with EY’s commitment to quality, you’ll ensure that your work meets high standards and is reviewed appropriately. As a valued team member, you’ll also contribute to a positive learning culture and support the development of junior colleagues.

Key Responsibilities

As a Senior Consultant, you can expect to be involved in the following:

  • Participate in Risk and Assurance engagements with a focus on Market and/or Counterparty Credit Risk
  • Collaborate effectively as a team member, sharing responsibilities, providing support, and updating senior team members on progress
  • Draft presentations, reports, and other deliverables for senior stakeholders
  • Maintain an educational program to continually develop personal skills
  • Contribute to internal solution development, business development materials, and EY’s market growth
  • Support project planning and economics (e.g., budgeting, billing)
  • Skills and Attributes for Success
  • Strong hands-on experience in mathematical modelling, particularly in derivative pricing and risk management
  • Confident and credible communicator (written and verbal) with solid technical knowledge of traded products and risk management
  • Ability to support business development and contribute to EY’s market solutions, thought leadership, and go-to-market strategies
  • 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#)

EY | Building a better working world

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
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Senior Consultant - Market Risk | EY | Hunt UK Visa Sponsors