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FS Risk Transformation, Consulting - Manager

Posted: 8 Jun 2021 Closes: 9 Jul 2021
London Competitive
Permanent & Full-time PwC_177893WD-int

The role

We are seeking Managers and Senior Associates to join our UK Risk Consulting Team, based in London and on client sites, with expertise in Capital Market risk and regulatory change across process, data, technology and methodology.

On a day-to-day basis, you'll deliver complex risk related client engagements, primarily within the Risk function and Front Office. You will interact directly with client stakeholders, often owning specific deliverables on assignments, and Managers will additionally have line management responsibility for junior team members. Your role will also include supporting internal proposition and thought leadership development on industry specific offerings, and supporting the sales process through proposal development.

Successful candidates must be able to demonstrate that they can manage multiple tasks on projects. They would also need to have the capacity to take on greater responsibilities as they develop within the firm. They should be of an intellectually curious mindset and interested in continually developing their professional and technical skills. We would expect you to gain a broad range of experience before deciding whether to specialise in a specific area. Many projects give you the opportunity to work in multidisciplinary teams or with people from our network firms overseas.

Risk transformation is an ongoing focus area for many of our clients, in particular understanding how best to exploit new digital technologies (such as transitioning to cloud and leveraging new AI/analytics capabilities) and take advantage of emerging leading practices to improve financial performance and gain competitive advantage. Specifically this will include helping clients improve the effectiveness and efficiency of risk management across the enterprise, through advanced technology and data analytics, enabling process digitisation, capabilities transformation and managing the risks of pivoting to new digital and FinTech ecosystems. We are looking for people to join us who are excited by being at the cutting edge of transformational change in financial services and have relevant experience in one or more of these areas.

Required experience
  • Work experience or strong knowledge of a number of risk areas:
    • Financial risk management frameworks and operating models
    • Risk and data architecture
    • Credit and counterparty credit risk measurement and management
    • Market risk measurement and management
    • Traded risk management, valuations, derivative pricing and experience with booking models or hedging strategies
    • Capital requirements calculation and management under Basel III standards including FRTB and SA-CCR
    • Investment bank portfolio management, unwind or restructuring experience including with respect to Recovery and Resolution Planning activities such as Solvent Wind-Down
    • Data governance and strategy
    • Knowledge of the risk technology vendor landscape (including cloud)
    • Business analysis
    • Technical analysis

  • Experience or knowledge of digitisation or innovation strategies for risk management, such as the adoption of advanced analytics and modelling capabilities, or the shift to cloud nature 3rd party solutions
  • Relevant consulting / advisory experience in Banking and Capital Markets, Asset Management and/or Insurance
  • Experience of change or transformation programmes within the Risk function of large FS firms would be a benefit
  • Knowledge of Risk Reporting and MI projects, including knowledge of key regulatory reporting requirements (e.g. Corep, Finrep, Anacredit, Stress Testing)
  • Knowledge of regulatory change programmes (e.g. Basel III, IBOR reform, bi-lateral margining and RRP)
  • Direct experience of working in a relevant role in industry would be a benefit.
  • Previous experience of working in a consulting environment, with involvement in project management and delivery - ensuring these are completed on time and within budget.

Required skills and qualifications
  • You will be educated to bachelor degree level or equivalent
  • Have strong communication skills
  • Have quantitative skills with respect to pricing, risk measurement or data analysis
  • Have a logical and quantitative mind-set, with the ability to demonstrate a structured approach to problem solving
  • Ambitious and self-motivated with the ability to work with limited supervision.
  • Demonstrate that you stay abreast of industry and technology developments.
  • Have the potential to develop strong people management, client handling and development skills, including inter-personal sensitivity and influencing skills.
  • Have strong project and financial management skills.
  • Have strong technical, problem identification and analytical skills - with demonstrable experience in at least one of these areas.
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