Assurance, Assistant - Financial Accounting Advisory Services (Financial Services), Singapore
EY - Ernst & Young Global Limited , Singapore
Job Description
Our Assurance group is one of the most trusted, respected and influential organisations in the industry. As part of our team, you will provide peace of mind to clients by using your skills and experience to give companies, investors and regulators confidence in the validity of financial statements and business-critical information or processes. Groups (or, as we call them, sub-service lines) within Assurance include External Audit, Climate Change and Sustainability Services, Financial Accounting Advisory Services and Forensic & Integrity Services
About the opportunity
Join Financial Accounting Advisory Services within Assurance and you’ll assist our clients to address the accounting and financial reporting challenges facing their business. You’ll be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function.
You’ll experience ongoing professional development through diverse experiences, world-class learning and individually tailored coaching. That’s how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
Your key responsibilities
Join Financial Accounting Advisory Services within Assurance and you’ll assist our clients to address the accounting and financial reporting challenges facing their business. You’ll be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function.
Within EY’s Financial Accounting Advisory Services (FAAS) practice, the Financial Instruments Valuation team is a provider of independent valuation of financial instruments and experts assessment in Hedge Accounting. We provide assistance to other service line within EY to seamlessly and efficiently deliver our services that cover a broad spectrum of responsibilities faced with respect to financial instruments valuations.
The Financial Instrument Valuation team provides support on valuation and quantitative analysis for internal and external clients, and related risk management area. Team member is expected to establish interaction with internal and external clients. There will be exposure to various asset classes (e.g. FX, Fixed Income, Equity, Commodity, Interest Rate, Credit, etc) and to various industry sectors (e.g. banking, private equity, hedge funds, transportations, commodity, utilities, oil & gas, REITS, internet-based firms, etc). The team is also responsible to complete various ad-hoc projects with external clients.
Job Specification
Skills and attributes for success
As an Assistant in the Financial Instrument Valuation team, you will:
- Assist the seniors in multiple client engagement teams in daily independent valuation under accounting framework
- Assist in valuing standalone and embedded derivatives using existing pricing model
- Assist in developing models to value a variety of financial instruments using option pricing theory, fixed income and structured finance models, Monte Carlo simulation, statistical analysis, and other techniques
- Challenge yourself to continually learn and teach, mentoring others while developing your own career
- Take ownership of your projects, while working collaboratively with other team members
- Maintain and develop positive, productive, and professional relationships with clients
The successful candidate must be able to display several achievements below.
- Within 6 months of joining, the candidate should
- Perform valuation of various plain vanilla derivatives
- Understand the basic programming language, typically VBA and MATLAB, and utilizing it for programming Binomial Tree Model, Monte Carlo Simulation and other interest rate models
- Within 1 year of joining, the candidate should
- Gain the ability to explain the valuation differences between clients and his/her own valuation by breaking the derivatives into its components
- Perform quantitative analysis for credit analysis, hedge effectiveness assessment and private equity assessment
- Work independently without close supervision
- Able to work together with 2 or 3 interns and at the same time provide guidance
- Confidently managing client and familiar of typical problems encountered by client with regards to financial instruments
- Explains to general audience and non-technical clients on how several financial instruments work and what the risks and rationales of entering into various types of financial instruments
- Adapt in intense environment and tight deadlines in providing deliverables to stake holders
- Manage time and prioritize various works allocated
To qualify for the role you must have
- Final year students pursuing a degree in quantitative finance, financial engineering, physics or engineering with programming skills
- Strong programming skill with demonstrated aptitude in quantitative analysis
- The ability to work within a given budget and schedule, providing top-quality results in a fast-paced, dynamic environment
Ideally, you also have
- PC proficiency including preferably at least one Financial Engineering or statistical software package (e.g. Matlab or Spotfire), Bloomberg, Reuters, SuperDerivatives, MS Excel/VBA
- Excellent analytical, communication, project-management, interpersonal and teaming skills
Please note that for your application to be considered, you are required to upload the following documents together with your online application:
- Detailed Resume
- Copy of Highest Academic Certification and Transcripts
Only applications with complete set of data and documents will be considered.