Home Jobs FSO - Risk Consulting - FSRM (Model Quant for Credit & Climate) - Senior Associate - Hong Kong
Back to Jobs

FSO - Risk Consulting - FSRM (Model Quant for Credit & Climate) - Senior Associate - Hong Kong - Job Opportunity at EY

Hong Kong, HK
Full-time
Senior
Posted: July 14, 2025
On-site
HKD 800,000 - 1,200,000 per year (USD 102,000 - 153,000). This range reflects the premium for quantitative risk modeling expertise in Hong Kong's competitive financial services market, with Big Four consulting firms typically offering 15-25% above local market rates for specialized roles.

Benefits

Global career development opportunities within EY's worldwide network of 400,000 professionals, providing unparalleled exposure to international markets and best practices
Access to cutting-edge financial risk management solutions and proprietary EY methodologies, enhancing professional expertise in high-demand areas
Comprehensive mentoring and coaching programs that accelerate career progression within the Big Four consulting environment
Exposure to high-profile financial services clients across Asia-Pacific, building valuable industry relationships and market knowledge
Professional development in emerging areas like AI risk and climate risk management, positioning for future market leadership

Key Responsibilities

Drive end-to-end project delivery for complex financial risk management solutions, ensuring client satisfaction and engagement profitability through strategic oversight and quality assurance
Lead client relationship management and stakeholder communication, serving as the primary liaison between EY and financial institution decision-makers to expand engagement scope and value
Develop and implement innovative risk solutions for credit and climate risk management, directly impacting clients' regulatory compliance and strategic risk positioning
Mentor and coach junior team members, building EY's future talent pipeline while establishing thought leadership within the organization
Enhance existing credit risk management solutions and develop new market-leading offerings that address evolving regulatory requirements and industry challenges
Drive business development initiatives and opportunity identification, contributing to revenue growth and market expansion in the Asia-Pacific financial services sector

Requirements

Education

Master or Bachelor degree holder with major in Mathematical, Engineering, Statistical, Quantitative Finance, Computer Science or Artificial Intelligence

Experience

5+ years of work experience with knowledge and hands-on experience in one or more of the following areas

Required Skills

Data analytics Credit risk IRB models for retail and wholesale exposures Expected Credit Loss models Credit risk stress testing models and scenario generation Internal Capital Adequacy Assessment Program (ICAAP) Policy and procedure, key control points, end-to-end process credit risk area including loan approval / post-lending monitoring for both retail and wholesale exposures AI use case development experience on credit risk area Climate risk management / ISSB reporting Strong project management skills and consulting skills Statistical, quantitative analysis and data base language Programming languages (i.e., Python, SAS, R, SQL) Deep learning tools such as Keras, TensorFlow, PyTorch, & MXNet Microsoft Excel, PowerPoint and Word Excellent communication and presentation skills Good command of written and spoken Chinese and English
Advertisement
Ad Space

Sauge AI Market Intelligence

Industry Trends

The financial services industry is experiencing unprecedented regulatory pressure around climate risk management, with the International Sustainability Standards Board (ISSB) framework driving massive demand for specialized consulting expertise. Financial institutions across Asia-Pacific are scrambling to implement comprehensive climate risk reporting and scenario analysis capabilities. Artificial intelligence integration in credit risk management has become a critical competitive advantage, with banks seeking to enhance their traditional IRB models with machine learning capabilities to improve accuracy and real-time decision-making while maintaining regulatory compliance. The Basel III framework implementation continues to drive demand for sophisticated Expected Credit Loss (ECL) modeling and stress testing capabilities, particularly in emerging markets where regulatory compliance requirements are rapidly evolving. ESG integration into traditional risk management frameworks is creating new consulting opportunities, as financial institutions must now consider environmental and social factors in their credit risk assessment and portfolio management strategies.

Role Significance

Typically manages 2-4 junior consultants and analysts while reporting to an engagement manager, with matrix responsibilities across multiple concurrent projects. The role involves coordination with cross-functional teams including technology, regulatory, and business development specialists.
This Senior Associate position represents a critical bridge between technical execution and strategic leadership, requiring both deep quantitative expertise and client-facing capabilities. The role carries significant responsibility for project delivery and team management, indicating a position designed for high-potential professionals ready for rapid advancement within EY's hierarchy.

Key Projects

Implementation of comprehensive climate risk stress testing frameworks for major regional banks, involving scenario generation, model development, and regulatory reporting capabilities Development of AI-enhanced credit risk models that integrate traditional statistical approaches with machine learning techniques for improved predictive accuracy End-to-end ICAAP framework design and implementation for emerging market financial institutions seeking to meet international regulatory standards Expected Credit Loss model validation and enhancement projects supporting IFRS 9 and local regulatory compliance requirements

Success Factors

Demonstrated ability to translate complex quantitative concepts into actionable business insights that drive strategic decision-making at senior executive levels within financial institutions Strong relationship-building capabilities with C-suite executives and risk management leaders, enabling expansion of engagement scope and long-term client partnerships Continuous learning mindset to stay current with rapidly evolving regulatory requirements, technological advances, and industry best practices in risk management Cultural adaptability and bilingual communication skills essential for navigating Hong Kong's diverse financial services landscape and building trust with local and international clients Project management excellence with ability to deliver complex technical solutions under tight deadlines while maintaining EY's quality standards and client satisfaction

Market Demand

Very High - The intersection of quantitative modeling, climate risk, and AI expertise represents one of the fastest-growing segments in financial services consulting, with supply significantly lagging demand across Asia-Pacific markets.

Important Skills

Critical Skills

Python and R programming capabilities are absolutely essential as they form the foundation for model development, data analysis, and solution implementation across all client engagements Deep understanding of Basel III framework and Expected Credit Loss modeling is crucial for regulatory compliance work that represents the majority of client demand Climate risk management expertise, particularly ISSB reporting, represents the fastest-growing service area and is essential for career advancement and business development Strong communication and presentation skills are vital for client relationship management and the ability to translate technical concepts into business value propositions

Beneficial Skills

Machine learning and AI expertise provides significant competitive advantage as financial institutions increasingly seek to enhance traditional risk models with advanced analytics Experience with cloud platforms and modern data architecture enables more sophisticated and scalable solution delivery Knowledge of regulatory frameworks beyond Basel III, including local Asian market requirements, expands client service capabilities Business development and relationship management skills accelerate career progression within EY's partnership track and enhance long-term earning potential

Unique Aspects

This role uniquely combines traditional credit risk modeling expertise with cutting-edge climate risk and AI applications, positioning the successful candidate at the forefront of industry transformation
The integration of quantitative modeling with consulting delivery creates opportunities for both technical excellence and business development, rare in traditional risk management roles
Access to EY's global network of risk management experts and proprietary methodologies provides unparalleled learning and development opportunities
The Hong Kong location offers exposure to both mature Western banking practices and emerging Asian market dynamics, providing comprehensive global market perspective
Direct involvement in shaping regulatory frameworks and industry standards through EY's thought leadership initiatives and regulatory consultation activities

Career Growth

18-24 months to Manager level given the high demand for specialized skills, with potential for accelerated promotion based on business development success and client relationship management

Potential Next Roles

Manager within FSRM practice leading larger client engagements and business development initiatives Principal or Director roles focusing on practice development and thought leadership in climate risk or AI applications Industry specialist positions with major financial institutions seeking to build internal risk management capabilities Regional practice leader roles within EY's broader FSO advisory practice across Asia-Pacific markets

Company Overview

EY

EY stands as one of the 'Big Four' professional services firms with unparalleled global reach and market influence. The organization's Financial Services Office (FSO) represents one of its most profitable and strategically important divisions, serving the world's largest banks, insurance companies, and asset managers with comprehensive advisory, assurance, and transaction services.

EY maintains a leading position in financial services risk consulting globally, with particular strength in regulatory compliance, model validation, and emerging risk areas like climate and AI. The firm's FSRM practice is recognized as a market leader in quantitative risk modeling and regulatory advisory services.
Hong Kong serves as EY's strategic hub for Asia-Pacific financial services, with the office playing a crucial role in serving both local institutions and international banks operating in the region. The location provides access to one of the world's most sophisticated financial markets and regulatory environments.
EY's culture emphasizes rapid professional development, global collaboration, and thought leadership. The firm's commitment to 'building a better working world' translates into significant investment in employee development, diversity initiatives, and flexible working arrangements, while maintaining high performance expectations typical of Big Four environments.
Advertisement
Ad Space
Apply Now

Data Sources & Analysis Information

Job Listings Data

The job listings displayed on this platform are sourced through BrightData's comprehensive API, ensuring up-to-date and accurate job market information.

Sauge AI Market Intelligence

Our advanced AI system analyzes each job listing to provide valuable insights including:

  • Industry trends and market dynamics
  • Salary estimates and market demand analysis
  • Role significance and career growth potential
  • Critical success factors and key skills
  • Unique aspects of each position

This integration of reliable job data with AI-powered analysis helps provide you with comprehensive insights for making informed career decisions.