ECL Valuation Specialist Ernst & Young AE

Our tailored external audit services help build trust and confidence through transparency, clarity and consistency. We are 79,000+ professionals based worldwide across 150 countries. Audit services involve reporting on the fairness in all material respects with which a client s audited financial statements are presented, in conformity with the applicable financial reporting framework.

The Opportunity

EY is seeking a Credit Risk Modelling Audit Specialist to join our Assurance ECL Valuation team, focusing on the external audit of credit risk models (IFRS 9) for our MENA audit clients. This is a unique opportunity to work with leading financial institutions, leveraging your technical expertise to deliver high-quality assurance.

Key Responsibilities

• Act as a technical specialist on the external audit of credit risk models (IFRS 9) at audit entities.
• Conduct technical reviews of model development and validation documentation, including assessment of model performance and independent replication.
• Review end-to-end credit risk processes, including governance, policy, and procedures.
• Perform substantive testing and technical analysis for workstreams within IFRS 9 and credit risk modelling engagements.
• Support a broad range of banking risk-related issues, contributing to both regional and national propositions.
• Stay abreast of changing requirements in IFRS 9 and validate or build credit risk measurement models, including challenger models.

Skills and Attributes for Success

Technical Skills:

• Experience in credit risk modelling within a financial or professional services firm.
• Practical knowledge of credit risk modelling techniques and regulatory requirements (IFRS 9, CECL).
• Hands-on experience in model development, validation, and performance assessment (including PD/EAD/LGD models for Retail/Wholesale banking).
• Proficiency in programming languages such as SAS, R, or Python.
• Strong understanding of credit risk processes, governance, and documentation.

Soft Skills:

• Excellent oral and written communication skills.
• Strong planning, project management, and networking abilities.
• Ability to communicate risk/finance requirements across functions.
• Flexibility and agility to contribute to a broad range of banking risk engagements.
• Ability to mentor junior staff and enhance model creation.
• Strong analytical and problem-solving capabilities.

Qualifications:

• A postgraduate degree in Finance, Economics, Mathematics, Statistics, or a related field. 3+ years of relevant experience in credit risk modelling or audit.
• 5+ years of relevant experience is expected for managerial role.
• Experience with data extraction, pre-processing, modular model development, and model validation and model performance assessments.