Location: Toronto
Other locations: Primary Location Only
Date: Sep 12, 2026
Requisition ID:
At EY, we’re all in to shape your future with confidence.
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The opportunity EY’s Financial Services Risk Management (FSRM) practice is an advisory unit that provides risk management support to banks, insurance companies and asset managers. Our team includes individuals who have a combination of qualitative, quantitative, regulatory and programming skills. We are seeking a Senior Consultant with modelling experience acquired in the banking industry or in consulting services to join our team. This position is available either in Toronto or Montreal, in latter case they must be able to work in English and French.
This job posting relates to an exis
Your key responsibilities As a Senior Consultantin the FSRMteam, you will beleading or supporting EY services in the market throughbusiness development,engagementplanningand high-qualityengagementexecution. Leveraging your solid technicalexpertise, you will offer professional advice to clients across a broad spectrum of situations. You will be working onengagementsrelating to:
Development and validation of credit risk models (e.g. AIRB, IFRS 9,stress testing)based onindustry best practices and regulatory requirements
Design, optimizationand implementation ofcapitalmanagementframeworks and lendingstrategies(ICAAP, risk appetite limits, lending processes)
Participate inrisktransformation programs related toregulatory changesormerger-acquisitions(climate riskframeworks, OSFI applications,resolution of regulatory findings)




Youwill betakingpart in EY educational programsto continuously develop skillsanddeveloping andmaintainingproductive relationships with clients.
Skills and attributes for success Practical experience inmodeling techniquesapplicable tocredit risk models such as PD, LGD, EAD or ECL models
Strong quantitative skills in dataanalyticsand modellingincl. artificial intelligence and machine learning techniques
Good knowledge of the banking industry andtheir risk management regulatory framework
Strong communication, presentation, and technical writing skills to describe ideas, concepts and issues that involve interpretation, analysis, and assessment of complex conceptual topicsand proficiency in the use of Power Point, Word and Excel
Willingness to work in teamboth virtually and onsite, and ability to travelacross Canada to meet with clients (rare)
To qualify for therole,you must have Minimum 2years of relevant experiencewithin a credit risk model developmentor model validation team at a major financial institutionorin aconsultingfirm
Strong academic background with a Master’sdegree inquantitativefieldsuch as Finance, Economics, Mathematics, Statistics or Engineering(equivalent education and/or experience may also be considered)
Significantexperienceand proven ability to program in pertinent languages, such as Excel, SAS, SQL, R, and Python.
Knowledge of credit risk regulatory requirements (Basel II, Basel IIIandpost-crisis regulatory reforms)



and accounting standards (IFRS 9)
Knowledge or experience of credit risk modelsand methodologies: measurement methodologies (PD, LGDand EAD), retail credit risk scorecards and wholesale rating models
Ideally, you’ll also Consulting, stress testing, or regulatory experience, or accounting/control function experience
Experience in a capital management (ICAAP,regulatory capital, economic capital, etc.)isconsidered an asset
Self startingattitude, an ability to think out of the box andbedriven by new challenges
What we look for Ifyou’rea natural leader with a talent for answering and communicating complex client problems,we’reinterested in you. You’llneed to be great at influencing people, ready to listen and confident in challenging the status quo. If you have a genuine passion for helping businesses address their most pressing problems, this role is for you.
What we offer When you thrive, we thrive. The EY benefits package goes above and beyond, focusing on your physical, emotional, financial and social well-being:
$5,000 per year for mental health support benefits
Wellbeing benefit of $1,200/year
EY reports salary ranges in accordance with applicable provincial pay transparency legislation. Individual salaries within the anticipated salary ranges noted below are determined through a wide variety of factors including but not limited to internal equity, education, relevant experience, knowledge, and applicable skill sets.
Inclusiveness at EY Inclusiveness is at the heart of who we are and how we work. We’re committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging. We embrace divers

📌 Senior consultant (Toronto)
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📍 Toronto