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Ernst & Young

Global professional services: consulting, assurance, tax

Manager – Financial Services Risk Management

Risk, Regulatory & Legal AdvisoryUpdated on Nov 14
Full-timeNicosia, Cyprus

About the Job

Requirements

  • A degree in Finance, Economics, Business, Risk Management, or another quantitative discipline such as Mathematics, Statistics, Actuarial Science, Financial Engineering, or Engineering is required.
  • Professional qualifications such as ACA, ACCA, CFA, FRM, PRM, or an actuarial qualification are valued.
  • Experience in risk management or regulatory consulting within financial services is valued; exposure to banking or related sectors is a plus.
  • A sound understanding of regulatory frameworks, including CRD, MiFID II, and/or AIFMD, is required; working experience in these areas is an asset.
  • Understanding of enterprise risk, credit risk, liquidity risk, and compliance risk frameworks and regulatory requirements is required.
  • The candidate must demonstrate the ability to contribute to or lead risk management projects and manage client relationships.
  • Strong analytical and problem-solving skills are required, along with the ability to engage effectively with senior stakeholders.
  • Interest or experience in digital transformation and its impact on risk and regulatory functions is beneficial.

Responsibilities

  • Lead client engagements focused on enterprise risk, credit risk, market risk, liquidity risk, and compliance risk management.
  • Develop and improve risk management frameworks, policies, and procedures aligned with regulatory requirements and industry best practices.
  • Lead the development, review, and validation of risk models, including IFRS 9 ECL, credit rating models, stress testing, and ICAAP and ILAAP modelling.
  • Provide strategic advice on risk identification, measurement, mitigation, and monitoring to support clients’ business objectives.
  • Work closely with cross-functional teams, including regulatory compliance and quantitative services, to deliver integrated solutions.
  • Help grow the Financial Services Risk Management team by identifying potential business opportunities and fostering client relationships.
  • Mentor and support junior team members, encouraging continuous learning and professional growth.
  • Stay informed about evolving regulatory landscapes and emerging risks affecting the financial services industry.
  • Contribute to thought leadership and participate in industry forums.

Desired Qualifications

  • A postgraduate qualification in a quantitative or finance-related area is an advantage.
  • Experience in risk management or regulatory consulting within financial services is valued; exposure to banking or related sectors is a plus.
  • Working experience with CRD, MiFID II, and/or AIFMD is an asset.
  • Interest or experience in digital transformation and its impact on risk and regulatory functions is beneficial.

About the Company

Ernst & Young

Global professional services: consulting, assurance, tax

EY (Ernst & Young) provides professional services at a global scale, offering consulting, assurance, tax, and transaction advisory services. It serves clients across industries such as technology, media, real estate, hospitality, and construction. Instead of selling a single product, EY works with clients through tailored engagements where cross-disciplinary teams analyze challenges, design strategies, perform audits, help with tax planning, and assist with mergers or divestitures. What sets EY apart is its worldwide reach and integrated service model, industry-specific expertise, and focus on responsible business practices like sustainability, cybersecurity, and workforce flexibility. EY’s goal is to help organizations improve performance, manage risk, and achieve sustainable growth while building a better working world.

Company size
5,001-10,000
Company stage
Not listed
Total funding
Not listed
Headquarters
Boston, MA
Founded
1991

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