Advisory Financial Services Risk, Data

4 weeks ago


New York, United States Deloitte Full time

Position Summary

Financial Services Risk, Data & Regulatory, Liquidity - Senior Consultant

Deloitte Risk and Financial Advisory's Financial Services Industry (FSI) Risk, Data and Regulatory professionals help organizations identify the regulatory changes impacting their business and implement effective and efficient processes to manage regulatory, capital, liquidity and interest rate risks, respond to evolving regulatory environments and implement programs, measures, and tools to help clients with a specific focus on risk, data, and regulatory processes.

Position Summary:

The ideal candidate will have a genuine passion for driving strategic transformation in the financial services industry combined with relationship-building, leadership, and communication skills. The ability to bring together stakeholders and persuade senior clients to act is essential. A genuine passion for the financial services industry, combined with relationship-building, leadership, and communication skills will be critical to success. Candidates should be energized by continuous personal improvement, proactively seeking out new skills and perspectives. Your responsibilities will include:

Work you’ll do:

Develop and implement enterprise-wide programs to efficiently and comprehensively address regulatory and business requirements Respond to evolving regulatory environments Lead and deliver small engagements, or components of large, complex engagements for financial services clients. Typical engagements include process improvement, operating model design and implementation, risk assessment and management, and controls testing engagements across three lines of defense Use a combination of direct management and hands-on delivery to craft solutions for clients, guide and oversee the quality of the team’s deliverables and recommendations and manage day-to-day stakeholder relationships Demonstrate appropriate compliance and control of interest rate and liquidity risk Implement programs, measures, and tools to efficiently manage interest rate and liquidity risks Address limited availability of internal resources and subject matter expertise Contribute to Deloitte’s thought leadership and business development activities Oversee the development of junior staff

Required Qualifications:

Bachelor’s Degree in business, economics, finance, or other quantitative fields (e.g., mathematics, statistics, etc.) 4 years of relevant work experience in a consulting role or in the Treasury or Liquidity risk function within the financial services industry Demonstrate understanding of liquidity or asset & liability management and/or associated risks Ideal candidates should have practical experience with any of the following: Liquidity and asset & liability management regulations and supervisory guidance letters that include, but are not limited to; Enhanced Prudential Standards-Regulation YY, Basel III LCR and NSFR, FR 2052a, SR 10-1 Interagency Advisory on Interest Rate Risk, BCBS 368 – Interest Rate Risk in the Banking Book, SR 10-6 Interagency Policy Statement on Funding and Liquidity Risk Management, and SR 16-3 Interagency Guidance on Funds Transfer Pricing Experience in the implementation and execution of a liquidity risk management framework and supporting processes across legal entities, business segments and on-and-off balance sheet products Knowledge across financial institution’s retail and wholesale products to monitor changes in the firm’s balance sheet strategy to help identify emerging interest rate and liquidity risks Experience working closely with Treasurers and Senior Management through the identification of emerging asset & liability management, interest rate, and liquidity risks Exposure to firm-wide governance frameworks for liquidity risks, including enhancements related to the changing regulatory environment and compliance with regulatory expectations Knowledge of traded products and associated cashflows Demonstrate understanding of business processes, regulatory requirements, and internal controls for financial institutions Knowledge of the structure and roles within the risk or regulatory function at a financial institution Experience identifying client business issues, creating deliverables, building stakeholder relationships, and developing persuasive recommendations Experience working in a collaborative, team-based environment to solve business challenges and drive change in large organizations Experience utilizing quantitative and qualitative problem-solving skills, with high capacity for solving business problems with incomplete information Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future. Ability to travel 30-50%, on average, based on the work you do and the clients and industries/sectors you serve keep.

Preferred Qualifications:

Subject matter expertise in a financial services sub-area like Retail Banking, Commercial Banking, Transaction Banking, Wholesale Banking, Cards & Payments, Wealth Management, Investment Management, Real Estate, Private Equity, Capital Markets Experience with Liquidity Risk Management and other related Treasury functions, including associated data, models, processes and controls Familiarity with liquidity regulatory reporting (e.g., 2052a, LCR, NSFR) Familiarity with liquidity stress testing (LST) Working knowledge of funding and liquidity risk, collateral management, asset and liability management, intraday liquidity and cash management, funds transfer pricing, and interest rate risk Experience with the contents and implementation of specific regulatory initiatives such as: Dodd-Frank, general consumer compliance, regulatory structure and organizations including FRB, OCC and CFTC.

Information for applicants with a need for accommodation: 

For individuals assigned and/or hired to work in Jersey City, New York City Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to Jersey City, New York City, and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $88,564 to $170,913.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.


The team

Against an increasingly complex regulatory landscape, we help clients mitigate risk and achieve compliance. We do this by leveraging our deep knowledge of industry regulations and proven methodologies to design, assess, and transform their risk and regulatory processes and data infrastructure. We work with our clients to effectively navigate a regulatory investigation or inquiry, achieving the overall risk profile they need to power their organization forward. 

Recruiting tips

From developing a stand out resume to putting your best foot forward in the interview, we want you to feel prepared and confident as you explore opportunities at Deloitte. Benefits

At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Our people and culture

Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work. Our purpose Deloitte’s purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Professional development

From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.

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