ECL Valuation Specialist

Job Description Roles & Responsibilities 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. Desired Candidate Profile 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. 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. 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. Company Industry BankingFinancial ServicesBroking Department / Functional Area FinanceTreasury Keywords ECL Valuation Specialist Get real-time job updates only on our App