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 overseas. 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 will 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. Over the next two years you will have the opportunity to second to other competency groups to ensure that you identify the area where you want to drive your career forward. This will ensure you gain experience from at least 2 of the five following competency groups within FS Risk:
The Regulatory Advisory 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 will start with an intensive induction course to develop your core consulting skills and get you ready to start a project and interact with the client. This will be followed by further training to hone these skills through our structured training programme. You will also have the opportunity to get a solid grounding in finance and business law through the CIMA foundation qualification (The Advisory Consultant 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. You will also have the opportunity to rotate into a variety of teams to gain on the job training and to understand where which part of the Advisory practice is the best fit. 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 competency teams 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.
You are eligible to apply for this programme if you are studying for an honours degree or have graduated with an honours degree.
For School Leavers
To be eligible for our schools leaver programme you should be studying A levels, Scottish Highers, or equivalent.