Transaction Advisory Services Experienced Staff - Valuation - Complex Securities - Chicago - 00IFH

Over the past decade, the market for financial derivatives has grown explosively, with the OTC derivatives market reaching over $ 500trillion notional outstanding and %2411 trillion in gross market value, and uncounted value in private contracts. Asaccounting standards evolve to a stronger emphasis on Fair Value, valuations of these complex securities will become increasingly important, from the employee stock option and management incentive plan valuations that were mandated by FAS123R, to the requirements for accounting for hedging and embedded derivatives in FAS133, to the new Fair Value standard and mark-to-market emphasis in FAS157 and FAS159. Ernst & Young's Valuation and Business Modeling Group, and our Complex Securities team in particular, has been growing rapidly to meet these challenges - with a commitment to a "People First" culture that translates into a tangible emphasis on training, flexibility, and career development. We love what we do, and are passionate about delivering the highest quality results to clients. This is accomplished by hiring and developing the highest quality people and supporting them both professionally and personally throughout their career. The Complex Securities Valuation team at Ernst & Young uses sophisticated techniques from financial engineering to assist clients in understanding and valuing financial derivatives and other complex securities, for financial reporting, tax and regulatory compliance, transaction support and corporate strategy. We currently have an opportunity for skilled practitioners to join our talented team, in offices throughout the US and Canada.Responsibilities As an ExperiencedStaffin the Complex Securities team, you will: Serve as a member of multiple client engagement teams, taking a lead role in understanding clients' needs, conducting analyses and reporting results; Develop 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 from the financial engineering literature; 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.To qualify, candidates must have: An advanced degree (masters or Ph.D.) in a quantitative discipline, with demonstrated aptitude in quantitative and qualitative analysis of financial instruments; A minimum of1-2 years of relevant experience in investment banking, private equity/venture capital or commercial banking, or with a national valuation firm or accounting firm's valuation practice; Experience in valuing complex securities, including credit derivatives; Excellent analytical, project-management, communication, interpersonal, and teaming skills; Theability to work within a given budget and schedule, providing top-quality results in a fast-paced environment; PC proficiency including at least one Financial Engineering or statistical software package (e.g. Matlab or Stata), Bloomberg, MS Excel/VBA, Word, and PowerPoint; Achievement of or significant progress towards a CFA or ASA/AM designation is a plus, with an expectation of the completion of one designation within a given timeframe.The successful candidate must be committed to staying at the cutting edge of both the latest derivative valuation techniques and the financial and accounting standards that guide the use of these techniques. We're seeking leaders with the ability to quickly anticipate and respond to the issues of this challenging area. IL-Chicago