E&Y TAS Complex Securities Group

OTPDG's picture
Rank: Monkey | 62

Hi All,

I have an initial phone interview with E&Y TAS for their complex securities position. Any of you currently in that group or know someone who is? I know the run-of-the-mill responsibilities off of the job description, but would like some more color on the true day-to-day responsibilities and types of engagements. Thanks!

Comments (12)

Apr 17, 2013

A lot of work should be doing valuation for complex derivatives for financial reporting purposes (year end, quarter end etc). Hence most of the work is doing an audit assist, where they need to value an instrument in their balance sheet to mark-to-market the value for reporting purpose. You will use Excel/VBA, MATLAB etc to develop models.

I don't know what your background is, but having a strong math and finance background will be important. A lot of people in the group has phd in cs/math or mfe.

Apr 17, 2013
PFWizard:

A lot of work should be doing valuation for complex derivatives for financial reporting purposes (year end, quarter end etc). Hence most of the work is doing an audit assist, where they need to value an instrument in their balance sheet to mark-to-market the value for reporting purpose. You will use Excel/VBA, MATLAB etc to develop models.

I don't know what your background is, but having a strong math and finance background will be important. A lot of people in the group has phd in cs/math or mfe.

Thanks for the info. I'm a CPA and my education background is plain vanilla accounting and finance. I am not really a quant/financial engineering type so I wonder if that will be a deal breaker.

Sep 10, 2017

I have an interview for the same position and it is case study interview. What do you think I can brush up on.

Sep 11, 2017

Some things you might want to be familiar with going into it: options, warrants, preferred and common stock in privately-held companies, management incentive plans, convertible bonds, financial derivatives, other contingent assets/ liabilities. Experience with Black Scholes, Monte Carlo simulation and Python help.

Apr 17, 2013

well if they are interviewing you, I am sure they want you cuz your accounting background (IFRS IAS 39 etc). At the end of the day, you need to understand the accounting to progress through the accounting firm. I think if you have bit of techinical knowledge and willing to learn the financial instruments, i think you should be fine.

May 17, 2015

Hey, Hi!

I know this is eons laterr. But could you please share your interview experience and the job profile apart from the official description?

Thanks

May 17, 2015

Those groups are usually split between derivatives/structured products and business valuations. Two different skill sets. Compensation tends to be higher on the derivatives/structured products side, but it all depends on the level you're coming in and the experience you have.

Mar 19, 2018

Hello,
I have an interview scheduled for Complex Securities Executive role at EY. I have done MFE, but no experience in structured products or valuation. Any insights/advice/information/guidance will be great!

Mar 19, 2018

you probably won't do structured products. thats done by a specialized group within their structured finance advisory group

Mar 19, 2018
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