Consultant/ Senior Consultant, Traded and Quantitative Risk

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Job description

Connect to your Industry

Market Risk is one of the major risk types in Financial Institutions, primarily the Capital Markets division of banks but also in other FI's who trade and consequently need to manage risk in their portfolios. Market Risk Capital amounts to anywhere from 15% to 25% of a banks total capital requirement. The drivers of market risk and the process to calculate and manage this risk is complex.

As we expand our Risk Advisory business to more holistically include all risk types, the focus on Market Risk increases. With the always important regulations for Market Risk, FRTB and the client-driven demand to support them in these deliverables is also driving an increasing need for these skills.

Connect to your career at Deloitte

Deloitte drives progress. Using our vast range of expertise, that covers audit, risk advisory, and consulting services across tax, legal, business, technology and corporate finance, we help our clients become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.

What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other , foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most .

Connect to your opportunity

The hired candidate will need a technical and practical understanding of Market Risk. They will need to have good knowledge of investment banking products and the associated risks with these (in particular FRTB) and in conjunction with this they will need to be able to communicate technical market risk information to non-technical senior management verbally and in writing. The successful candidate's broad understanding of market risk will later lead to the responsibility of managing multiple engagements in-line with also being a SME.

• Providing technical guidance and interpretation of prudential regulations (FRTB) for Capital Market Financial Services institutions
• Provide input and/or lead technical presentations to FS clients covering Market Risk, key trends, technical insights and
• Developing and managing a portfolio of client relationships across the financial services sector to support business growth.
• Managing work-streams or projects as part of a Deloitte team to support FS clients manage their regulatory programmes such as FRTB.
• Lead and manage teams and individuals to support meeting client demands as well as providing the basis for people development, mentoring and leadership.
• When supporting our clients, we will be looking for individuals who can work in the Market Risk eco-system, either in the Front Office working with traders or quants, or in Risk Management working with the risk managers or quants. Areas of work can and will vary but the core competencies needed to support these clients remain largely the same.
• To have a broader perspective of potential issues encountered when managing diverse teams and the strategies to overcome them; have a clear understanding of the firm's commitment to creating a more inclusive culture
• Managing diverse teams within an inclusive team culture where people are recognised for their contribution

Connect to your skills and professional experience

• A relevant university degree (Financial Mathematics, Business, Financial Engineering, etc), preferably with Honors
• CFA designation preferred

Technical understanding of Market Risk/Quantitative MR:

• Definition and range of traded instruments;
  • Which instruments generate market risk/How each instrument is valued/When each instrument should be used
• Familiarity with traded risk measures, their derivation and use in the day-to-day risk-management operations of a financial institution.
  • Use of VaR & Stressed VaR
  • Identifying and measuring Interest Rate in the Banking Book
• Experience in market risk management processes and frameworks including; governance, risk appetite, limits, identification, measurement, monitoring, reporting, and supporting data and infrastructure.
• Detailed knowledge of regulation impacting market risk
• Familiarity with topical regulatory and risk-management issues and experience dealing with the associated practical challenges related to their management and measurement within a large-scale financial institution
• Practical experience with development and implementation of market risk methodologies and frameworks
• Knowledge and practical experience of all aspects (SA & IMA) of model development and validation.
• Understanding of the QIS (Quantitative Impact Study) for FRTB, experience in coordinating data collection and analysis in line with this would be advantageous.

Consulting skills:

• The ability to compile, digest and present technical information to a senior non-technical audiences orally, visually and in writing
• Utilising excellent interpersonal skills with a thorough technical understanding to facilitate workshops with clients.
• Team player with good organisational, planning and leadership skills
• Sound people management skills and experience of developing and managing a team of professional staff.

Connect to your service line - Risk Advisory

As recent events have reminded us, there are no certainties in business. Risk is everywhere. But so is opportunity. Your expertise will help our clients stay one step ahead of what hasn't even been imagined yet.

Personal independence

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.

Connect with your colleagues

"There's a huge range of clients and projects within every department - so there is always flexibility to move if you're keen to work on something different."

-Jess, Risk Advisory

Connect to your agile working options

Location: London
Your Work, Your Way: We call our hybrid working vision Deloitte Works. And it does. We trust you to make the right choices around where, when and how you work. You'll be able to make decisions about how you work best, to be collaborative, learn from colleagues, share your experiences, build the relationships that will fuel your career and prioritise your wellbeing. Having great conversations with your team and your leadership paves the way for great collaborative ways of working.

Discover more about our locations .

Our commitment to you

Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.

We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for.

Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.

Connect to your next step

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you'll experience a purpose you can believe in and an impact you can see. You'll be free to bring your true self to work every day. And you'll never stop growing, whatever your level .

Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers

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