Associate CMAAS FS - Credit Risk Modelling (CMAAS)

  • PwC
  • Amsterdam, Nederland
  • feb 17, 2020
Fulltime Quantitative Finance Risk Management

Job Description

PwC’s Financial Services (“FS”) team within the Capital Markets & Accounting Advisory Services (“CMAAS”) business unit is growing rapidly through the consulting services being provided to banks and insurers in risk, regulatory and accounting. This growth creates interesting positions for accountants and risk professionals acting as advisors in the area of complex IFRS and prudential regulatory modelling and valuation matters.

We are looking for new colleagues who are looking for their first or second job and who are interested in credit risk modelling. You will be focussed on model development and validation, quantitative analysis and enhancing our digital solutions while working closely with colleagues in other areas of advisory and professional services within PwC to deliver tailored, end-to-end solutions at our clients.

Who are you?

You are enthusiastic about the opportunity to join our fast developing practice and contribute to its business growth. You have a strong interest in risk areas and are able to connect quantitative capabilities, regulatory requirements, risk frameworks and accounting standards.

Furthermore: 

  • You hold a degree in a quantitative field, such as Econometrics, Mathematics, Physics, etc.;
  • You are able to demonstrate a minimum level of professional working experience;
  • You have affinity with- and/or are interested to learn about financial markets;
  • You are fluent in at least one of the following languages: R, Python, SAS, Matlab;
  • You are able to articulate your thoughts and ideas also to colleagues with less experience in your area of expertise;
  • You are a team player and contribute towards a pleasant working atmosphere;
  • You have an entrepreneurial mindset that allows you to contribute towards the expansion of our services while working in a team;
  • You enjoy balancing a variety of engagements for various clients;
  • You are fluent in English (both written and spoken), knowledge of Dutch is an asset.

What the job entails

As an Associate in our team, you will be tasked to perform various assignments. You will assist clients with their credit risk modelling (from model design to model implementation), ensure model compliance with Basel III and IV regulation and/or IFRS 9, and perform in depth quantitative analyses and assessments of the models as part of model validation procedures. The projects you will be involved in will span across regulatory and technical accounting engagements (e.g. A-IRB modelling, IFRS 9 Expected Credit Loss Modelling, Basel III/IV, CRR/CRD, Stress testing, etc.).  

The engagements you will work on vary in length; covering from a few weeks to a few months. You will be mainly based at the client’s site but depending on the engagement, you could also be based at the PwC office. The remainder of your time you will spend on developing and updating your technical skills and knowledge, as well as growing your internal and external network.

The job includes statistical programming and handling/processing of big data sets, for which you will need to have extensive experience in coding. The programming language in which the models need to be developed or validated will depend on the clients’ needs, therefore, it is essential that you are comfortable in at least one language and that you are willing and able to learn/adapt to other languages as necessary.

We are looking for more than just analytical skills. You will work in a business unit of specialists with different backgrounds and will be an advisor to the client’s (senior) management who will rely on your technical expertise. You therefore need to be able to break down complex problems and explain these in plain non-technical language. Both verbal and written communication skills are of high importance for this position. The product we are delivering should be understandable and usable for our clients. This requires a structured way of working and good documentation skills.

Our engagements involve solving complex problems where the solution is not always straightforward. Therefore, the job will be more than executing orders or following instructions. You are expected to use your creativity and you should be pro-active in sharing your ideas.

What we are offering

You will be working in a dynamic environment with plenty of development and growth opportunities within one of the world’s largest financial services providers. We pay close attention to coaching, both internal and external education, and career development.

Being part of our team, you will be working with inspiring, technically skilled and experienced colleagues, who are dedicated to work as a team in order to solve our clients’ challenges and important problems.

Our employee benefits are:

  • An open working atmosphere, where you can share and receive feedback;
  • An organisation where you can learn and grow into a top specialist;
  • The possibility to apply for a range of a Post Masters studies, paid by PwC;
  • Flexible work;
  • Team events;
  • Many trainings, both focused on soft skills and subject matter;
  • A coffee bar for relaxing (with colleagues);
  • The ability to employ you within the regular working hours for Corporate Responsibility, different networks, diversity, innovation and / or recruitment;
  • A lot of coaching and an eye for your personal development;
  • Lease car;
  • Laptop, iPhone;
  • 30 holiday days per year.

Who are we?

We are PwC, established in 1849. Through various mergers, we now are a worldwide business service provider with activities in the fields of Digital Technology, Assurance, Tax and Advisory. We operate in these fields across a broad range of sectors and clients.

PwC employs 223,000 people, across 157 countries. PwC Nederland employs more than 5,000 professionals. Our purpose is to ‘build trust in society and solve important problems’. This manifests itself in the way we work and who we are, guided by our values – Act with integrity, Make a difference, Care, Work together and Reimagine the possible. For more background information about us, visit our website.

PwC’s Capital Markets and Accounting Advisory Services business unit is one of the fastest growing business units of PwC. Our clients are mostly international, listed companies and/or regulated institutions. The huge changes and complexity in the regulatory and IFRS world pose significant challenges to our clients. CMAAS is committed to help these clients deal with all these changes and complexity. Working in our CMAAS practice, means working together with more 120 highly motivated and culturally diverse professionals, embracing an open and informal culture, in a very pleasant working environment.

Apply now!

Are you interested in this vacancy and do you fit the profile we are looking for? Apply directly filling the form below. After you submit your application, including CV, motivation letter, we will provide you with our feedback within two weeks on your application's progress.
 

If you have any questions pertaining to this vacancy, do not hesitate to call me or send me an e-mail.
 

Eliane Stuijt

+31 (0)6 13 39 68 43

eliane.stuijt@pwc.com