Your opportunity Financial institutions continue to be challenged in multiple ways. They need to navigate through an environment of unprecedented macroeconomic and political uncertainty. Their business models must evolve to fully embrace the digital age with the efficiencies and challenges this brings. They are also going through a period of considerable regulatory change, requiring them to negotiate their way across complex initiatives often across multiple jurisdictions, while simultaneously weighing these up against their internal business priorities.
Against this backdrop, the Risk Analytics division within Deloitte's Financial Services Risk Advisory service line assists financial institutions in delivering, streamlining and transforming end to end design, development, validation and implementation of their modelling and analytical needs, their data solutions and their operating models. The team you will be part of specialises in assisting financial institutions across the model risk management lifecycle and in providing data and analytical solutions and services. The function is widely regarded in the market place as one of the leading risk modelling and analytics teams.
You will have the opportunity to work alongside experts in the field on a range of propositions including but not limited to data analytics, AI/ML, credit or market risk modelling (including IFRS9), scenario analysis, stress testing, credit automation and management of climate-related risks. This role will give you an opportunity to hone your entrepreneurial skills, develop your project management skills and sharpen both your analytical and presentational skills while growing your subject matter expertise. Projects could be short-term assignments from a few days or weeks to longer-term projects of a few months.
We encourage consideration of flexible ways of working, both formal and informal arrangements that allow for the best outcomes for our people and our clients. If this opportunity is of interest to you with some flexibility, please do discuss with us.
Your role Through this role we are looking specifically to expand our stress modelling and scenario design capabilities. The successful applicant will enjoy an unparalleled opportunity to develop their risk modelling skills within a stimulating, supportive environment working with both top tier financial institutions as well as smaller financial institutions operating in niche markets and product spaces.
You will work collaboratively with other members of the Financial Risk Measurement, Risk and Capital Management and Risk Analytics teams on a range of propositions involving modelling and analytics for financial institutions. The role requires someone flexible enough to tackle a wide range of tasks:
Contribute to all aspects of credit (and/or market) risk model development and deployment including coding, testing, validation and review. The most common types of credit risk models worked on by the team are operational scorecards, capital models, impairment models, forecasting models and stress testing models.
Contribute to delivering projects to evaluate, design, develop and implement policies, procedures and strategies to effectively deploy and execute risk models and processes, consistent with regulatory requirements and/or market practice across model risk management.
Perform reviews of model deployment and execution frameworks, including gathering business requirements, assessing conceptual designs, examining governance and controls, and testing outcomes.
Help the team expand its range of services and solutions in the market place, considering operations, analytics and target operating model considerations for different client groups, and learn how to partner with 3rd party providers on delivery.
Be committed to building long-term, robust and professional working relationships with clients and key stakeholders, working with our senior management team to develop industry contacts
Contribute to model deployment and implementation teams (potentially including on-shore and off-shore resources), having a broader perspective of potential issues encountered when working with diverse teams and the strategies to overcome them and having a clear understanding of the firm's commitment to creating a more inclusive culture
Keep up to date with academic, technical and industry developments in the field of risk management, solution deployment and implementation
Working effectively in diverse teams within an inclusive team culture where people are recognised for their contribution
Your work, your choice At Deloitte we believe the best impact is the value we add, not the hours we sit at our desk. We carefully consider agile ways of working, both formal and informal, that allow for the best impact for our people and our clients. Please speak to your recruiter about the working pattern that works best for you.
Location: London with occasional domestic and international travel
Work pattern: This is a permanent contract opportunity. Our team members work a variety of agile working patterns. Tell us what arrangement works for you and we'll try to accommodate.
Your professional experience
Numerate degree e.g. Mathematics, Engineering, Other sciences, Operational Research, Computer Science, Mathematical Economics
A Master's degree in a relevant quantitative/finance discipline or a comparable professional qualification (such as PRMIA, GARP, CFA) would be an advantage
Proven experience of stress testing, preferably within credit risk
Strong work ethic, professional and personable
High personal standards with respect to the quality of your own work
The ability to work seamlessly as part of a wider team, furthering common goals and working within demanding deadlines
Additional desirable experience and attributes include:
Financial Services experience, either as part of a financial institution, in an advisory or business consulting capacity or experience at a regulatory body.
Experience of credit or market risk modelling
Capability of expanding macroeconomic events into risk scenarios for banks
Experience of risk software used for credit risk management and/or model execution across the customer lifecycle.
Some programming skills or experience working with statistical software (MATLAB/SAS/Python)
Awareness of the deployment and execution phases within the model risk management lifecycle including associated policies, procedures and strategies employed to manage this risk
Understanding of the risk management lifecycle and associated risk policies, procedures and strategies employed to manage this risk, for a particular risk silo (which could be credit, market, operational or liquidity)
Your service line: Risk Advisory In Risk Advisory, our thinking and actions give clients, our people and society the confidence to succeed responsibly in a rapidly changing world. We don't just work with our clients to manage risk, we help them understand and grab the opportunities it presents too, helping them gain a competitive advantage. Our expertise and industry knowledge run deep here. At Deloitte, you'll find yourself working with some of the most inspiring and experienced colleagues and with clients who trust you to lead the way to smart choices, better control frameworks, and new systems, including bespoke solutions that have a direct impact on their bottom line.
Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints. This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm. The recruitment team will provide further detail as you progress through the recruitment process.
Our Purpose & Strategy
To make an impact that matters for our clients, our people and society - defines who we are and what we stand for. Our purpose provides the foundation for our strategy and our aspiration to be the undisputed leader in professional services: this is not about size, it's about being the first choice. The first choice for the largest and most influential clients, and the first choice for the best talent.
What do we do?
Deloitte offers global integrated professional services that include Audit & Assurance, Consulting, Financial Advisory, Legal, Risk Advisory and Tax Consulting. Our approach combines intellectual leadership, industrial expertise, insight, consulting & problem solving capabilities whatever the role, technology revolutions and innovation from multiple disciplines to help our clients excel anywhere in the world.
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Being a Leader at Deloitte
Cultural fit and purpose-led leadership is crucial for Deloitte. Our leaders always set the example and inspire their colleagues. They make quality time for people and take an interest in them. They know what matters to people - both inside and outside work – and value them as individuals; always finding opportunities to develop them while showing respect and appreciation.
We expect colleagues at all levels to embrace and live our purpose and our leadership culture by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters. We know leadership comes in all shapes and sizes, but our Leadership Charter helps all of our people understand what we're looking for:
We live our purpose: we act as a role model, embracing and living our purpose and values, and recognising others for the impact they make
We develop talent: we develop high-performing people and teams through challenging and meaningful opportunities
We drive performance: we deliver exceptional client service; maximise results and drive high performance from people while fostering collaboration across businesses and borders
We believe positive influence can make an impact that matters: we influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people
We move, together, towards a strategic direction: we understand key objectives for clients and Deloitte, aligning people to objectives and setting priorities and direction.
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