The opportunity
As a member of our team in the
EY GDS Spain office in Malaga
, you'll have a chance to extend your knowledge & experience by working on interesting projects with the newest technologies and approaches. You'll support clients in choosing the most suitable business solution and take part in digital transformation.
Your key responsibilities
As part of the financial analysis of the bank's exposures to public, semi-public, and private counterparties—including local authorities and their affiliated entities, public institutions, sovereign states, public financial institutions, special purpose vehicles (SPVs), corporates, PPP/concession companies, and sponsors—in both domestic and international markets, analysts will play a key role in the assessment of credit risk and the determination of internal credit ratings. The scope of activities primarily covers international markets.
Skills and attributes for success
Strong financial analysis: critical reading of public-sector financial statements and corporate financials (IFRS/French GAAP), ratio analysis (leverage, coverage, liquidity), working capital requirement (WCR) assessment, and cash flow analysis.
Project finance fundamentals: understanding of SPV cash-flow waterfalls, DSCR/LLCR, debt sizing, covenants, reserve accounts, security package, and risk allocation in concession/PPP structures.
Sovereign / quasi-sovereign risk: ability to assess implicit/explicit support and institutional frameworks.
Corporate & sector analysis: review of business models and competitive positioning (utilities, transport, social infrastructure, energy), sensitivity analyses, and cross-country benchmarking.
Documentation mindset: familiarity with term sheets/loan documentation, covenant packages,



guarantees and, for bonds, key clauses in bond documentation (indentures).
Modelling & data: excellent command of Excel; comfortable building/auditing simple cash-flow models; ability to handle large datasets and produce cross-country comparisons (Power BI/SQL basics are a plus).
Credit writing: clear, well-structured and well-argued credit memos, including recommendations (borrower/obligor rating, outlook, key risks/mitigants, early warning indicators).
Languages: professional working proficiency in English; French, Italian and Spanish are a plus.
Education: Master's degree (business school, engineering school or university) with a specialization in finance, public economics or risk management.
To qualify for the role, you must have
1–2 years of experience in similar roles (financial analysis, audit, risk analysis, etc.)
Bachelor's or Master's degree with a specialization in Finance
Advanced level of Excel
Proficiency in English (working language used 100% of the time)
Ideally, you'll also have
Fluent in English.
French is a plus.
Experience in international environments.
Power BI / SQL
What we look for
We are interested in hiring a proactive professional who will work effectively as an international team member, sharing responsibility, providing support,



maintaining communication and updating senior team members on progress and relevant matters. As an adecuado candidate, you should have a personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations.
What we offer
In EY GDS Spain, we're committed to fostering a vibrant environment where every team member can thrive. We provide a space for continuous learning and the flexibility to define your own success, empowering you to make a meaningful impact in your own way. Our diverse and inclusive culture values who you are and encourages you to help others find their voice.
Additionally, here's what makes us stand out:
Empowering Career Development
: Unlock your potential with tailored training and development programs designed to elevate your skills and propel your career forward. We invest in your growth because your success is our success.
Flexible Work-Life Integration
: Enjoy the freedom of our hybrid work model, allowing you to blend professional responsibilities with personal passions. We understand that life is more than just work, and we support you in achieving that balance.
Comprehensive Well-Being Programs
: Prioritize your health with our extensive wellness initiatives, including psychological support sessions and health resources. At EY GDS Spain, your well-being is at the heart of what we do.
Meaningful Volunteering Opportunities
: Make a difference in your community through our engaging volunteering programs. Join us in giving back and creating a positive impact while building connections with like-minded colleagues.
Recognized Performance and Rewards
: Celebrate your achievements with our recognition programs that honor both indi

📌 Risk Analyst (España)
🏢 Ey Studionederland
📍 España