Manager, Stress Testing, Financial Risk Measurement, Risk Advisory, London

Employer
Deloitte
Location
London, United Kingdom
Salary
Competitive
Posted
Sep 12, 2019
Closes
Oct 12, 2019
Ref
6507361
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.
About Deloitte

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.

Beyond the UK: Deloitte North and South Europe
The UK is part of Deloitte North and South Europe (NSE), the second largest member firm in the Deloitte network. Deloitte NSE combines operations in Belgium, Greece, Ireland, Italy, Malta, the Netherlands, the Nordics (Denmark, Finland, Iceland, Norway and Sweden), Switzerland and the UK. Deloitte NSE brings together 2,500 partners and over 40,000 people, combining our unmatched breadth and depth of capabilities in audit and assurance, consulting, financial advisory, risk advisory, and tax and legal across the region. Being part of Deloitte NSE supports our aspiration to be the undisputed leader in professional services and will create more opportunity and growth for our people.

What do we value?
At Deloitte we foster a collaborative culture where talented individuals can produce their best work. We value innovative thinking, diverse insights and a genuinely distinctive level of customer service. We value difference, with respect at the heart of our inclusive culture, and we support agile working arrangements. Hear from some of our people already working at Deloitte in agile ways . We are proud to have earnt a Top 10 place on the 2018 list of Top 30 Employers for Working Families for the eighth consecutive year, and to have been listed in The Times Top 50 Employers for Women for each of the last four years.

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.

WPFULL SLRSKA

Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
Deloitte LLP is the United Kingdom affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

© 2019 Deloitte LLP. All rights reserved.

Requisition code: 171682

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