We advise the world’s leading financial organisations (retail banking, insurance, investment management and wholesale and capital markets) and public sector clients throughout the UK and abroad. Our work isn’t about providing ‘off-the shelf’ solutions or systems implementation; our consultants focus on helping our clients identify and solve their most complex business issues. Risk issues are of great importance to clients and risk management competencies are critical in the delivery of strategic change. As an indispensable part of Advisory, FS Risk contributes substantially to projects that call for a range of advisory skills.
What will I be doing?
You’ll need to think of yourself as a Consultant rather than a graduate if you join us. This means playing a key role in one of our teams: generating direction through analysis and research, conducting client interviews, and helping to develop proposals and recommendations.
On joining the firm you will be assigned to your initial competency group You’ll have the chance to be seconded to other competency groups during the two year programme. This will ensure you gain experience from at least 2 of the five following competency groups within FS Risk:
Regulatory and Compliance (R&C)
The R&C competency team deals with strategic implications of regulation, effective implementation of new requirements and identification, management and remediation of regulatory risks and issues. The team focuses on conduct of business regulation – both consumer and market-facing – Anti-Money Laundering/financial crime, governance and systems of control.
Prudential, Regulation and Treasury (PR&T)
Much of the work of PR&T is supporting clients through the current changes to international/UK prudential regulation, in addition to providing related treasury advice . The people of PR&T are technical specialists in the fields of Prudential (financial) regulation, treasury, capital management / planning and liquidity risk management.
Enterprise Risk Management
The Enterprise Risk Management (ERM) team helps clients adopt a strategic approach to managing risk: promoting a culture of accountability from top to bottom, strengthening the effectiveness of risk oversight, improving the communication of risk information, and integrating risk management processes across risk categories and asset classes.
Quantitative Advisory Services (QAS)
The QAS competency team uses quantitative modelling and IT skills to help institutions with risk measurement, management, compliance and optimisation. This includes credit, market and operational risk modelling, derivative valuation, independent model validation, Basel and Solvency prudential regulation, impairment modelling, liquidity & capital stress testing and portfolio management. The team has several market leading products and specialises in bringing together broad risk management experience with deep technical skills.
Process and Controls (P&C)
EY is the leading provider of Internal Audit services to financial services organisations globally. Additionally, we are the leading provider of broader process and control services to our clients, either directly leading engagements or supporting other risk advisory service teams. P&C people are skilled in process mapping, interviewing, designing tests, and developing robust processes designs.
Digital Learning and Communications (DLC)
The DLC competency team analyses the training needs of our clients and helps them to design the most suitable learning solutions to embed and sustain behavioural change on their transformation and regulatory agenda. The team uses a broad range of delivery mechanisms, combining traditional classroom training with innovative technology to deliver the most effective learning experience. Tailored solutions include eLearning, digital ad campaigns, YouTube style animated eBriefings and virtual instructor led training (VILTs).
What training and development will I receive in my first few years?
You’ll start with an intensive induction course which will introduce you to our business and contribute to the development of your core consulting skills. Our structured training programme will enable you to hone your consulting skills and deepen your technical knowledge and expertise. In addition to your on-the-job learning, experiential leadership development opportunities are available throughout your journey, through internal projects and community initiatives, which will allow you to flex and enhance your project and team management potential. You’ll also have the opportunity to get a solid grounding in finance and business law through the CIMA foundation qualification (The Advisory Graduate Programme has been awarded “Gold” Quality Training Partner status by CIMA). The diverse experience you’ll gain working in teams from across our services will help you make an informed decision about the direction your career will take – how far your career goes is in your hands. To help you achieve your career goals, you’ll be assigned a personal counsellor and receive the encouragement of, and exposure to, senior members of our organisation. This will allow you to shape your career and achieve your potential. After two years you will join one of the service lines that you have worked with as you look to build your career at EY.
What do we look for?
We look for graduates who are inquisitive, analytical, ambitious and great at working with people. You’ll need to be a good team player and demonstrate the potential to become a future business leader. These qualities are much more important than your degree choice. You’ll need to be prepared to challenge us, to act on your own initiative and to make an impact on our teams and clients from day one.
Please note: in exceptional circumstances we will accept applications from candidates who do not meet our academic requirements. If this is your case, you will need to provide strong justification for why we should consider your application. You will also need to provide documentary evidence of any mitigating circumstances.