At Grant Thornton Cyprus, we provide a platform where your skills and experience can be utilised in a modern, innovative, and challenging work environment with exceptional growth prospects. We are seeking high-caliber professionals who are enthusiastic about their careers and committed to making a difference for themselves, our clients, and the broader community. We are seeking professionals with direct experience in Risk Modelling for Financial Institutions and are offering Manager or Senior Manager positions depending on level of experience.
The Team: A career in our Risk Advisory Services department within our Advisory practice will allow you to be part of a high- performing and dynamic team of risk and regulatory specialists. Our team provides tailored solutions to financial institutions, helping them navigate complex regulatory environments while ensuring robust risk management and sustainable business practices.
Main Responsibilities: We are looking for a Managerial-level professional (Manager or Senior Manager, depending on experience) to join the team with a focus on financial institutions. This role offers the opportunity to be part of a high-performing team, delivering tailored solutions to help our clients navigate regulatory challenges, optimize their risk management frameworks, and ensure sustainable business practices. The role involves participation in various projects, including but not limited to:
Lead: Lead assignments and engagements with banking clients in the areas of specialist quantitative and risk expertise. This will include the provision of specialist expertise in independent model validation, development, or assurance to ensure a best in class offering to the market
Implement: Implement bespoke quantitative and qualitative frameworks for the implementation of best-in-class end-to-end model support.
Professional Development: Offer your expertise and specialist knowledge while developing a thorough understanding of business strategy, products, and markets. Ensure continuous professional growth to contribute to the delivery of high-quality outcomes.
Business Development: Contribute to the development of the Firm and deliver on client facing engagements and assignments. Create excellent proposals that show understanding of the market, Client needs and the Firm’s offering. Ensure opportunities are well understood by the Firm and developed by focusing on relationship development.
Communication: Take responsibility to ensure appropriate outcome of work is communicated clearly and effectively within internal reporting lines and to external stakeholders.
Team Development: Provide on-going training and support to the team and on-boarding of new hires, particularly from a technical perspective. This will include planning, managing and allocating work to junior members of the team, whilst also leading assignments and engagements.
What we are looking for:
Experience: 7-10 years’ experience in relevant financial services roles. Model validation or development experience will be considered to be of particular relevance but other relevant fields will include working in credit analyst role, financial supervision, working in the banking or financial services sector, or financial / economic modelling. Direct experience in credit risk models, regulatory (IRB) or for provisions (IFRS9/CECL), market risk models (IRRBB, FRTB, VaR), Liquidity risk, or Stress Testing (ICAAP, ILAAP, Regulatory Stress Testing etc.) are advantageous.
Education: University degree in Risk, Finance, Economics, Mathematics, or a related field. A master’s degree or equivalent professional qualification in the area of quantitative risk (modelling) business, finance, economics, maths, or any related professional discipline.
Professional Qualifications: FRM, CFA, CQF, or similar certifications are advantageous.
Extensive understanding and experience of the banking sector, the practical operation of companies within that industry and quantitative risk management techniques and approaches.
Strong analytical, problem solving, decision making, planning and organisational skills.
Proven ability to critically assess complex once off issues and problems with the ability to distil significant volumes of information, identifying solutions for root causes of issues.
Knowledge of the banking regulatory and legal framework and a deep understanding of the following: retail or wholesale business models, key risk drivers and supervisory approaches.
Excellent verbal and written communication in particular the ability to relate to senior management, staff and Clients.
Excellent capability in managing and delivering under tight timeframes.
Strong ability to utilise statistical/coding packages such as (SAS, R, Python, VBA, C++)
Excellent MS Word, Excel and PowerPoint skills
Teamwork and Leadership: Ability to work effectively both individually and as part of a team, with experience in leading teams and mentoring junior colleagues.
Innovation: A curious and innovative mindset, adaptable to new challenges and committed to continuous learning.
Benefits:
Friendly and dynamic working environment, in which you can develop your skills and competencies
A workplace with a strong focus on values and work-life balance and the joint aim to provide the best possible solutions for our clients.
International exposure through our Grant Thornton network and global opportunities.
A Learning & Development path, which focuses on both technical & soft skills. You will also have access to coaching and mentoring.
Your professional and personal success is our commitment.
Other benefits to support you in every way possible:
Competitive remuneration and benefits package, including recognition schemes and 13th salary.
Bonus scheme.
Medical insurance.
Provident Fund.
Paid maternity and paternity leave.
Parental leave allowance.
"Be there for our family paid leave"
"Give back to the community paid time off"
FWA_ Flexible working arrangements
"Dress for your Diary" scheme
Friday afternoon off
August 4-day working schedule (32 hours weekly
“We never miss a public holiday” scheme
Sponsorship of yearly professional subscriptions
Birthday & New Babies gifts
Several opportunities for professional and personal growth through our Grant Thornton International network