Senior Manager, Banking Financial Resource Management, Consulting

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Job description

Connect to your Industry

We are seeking seasoned and highly skilled Senior Managers to join Deloitte's Actuarial Insurance & Banking team ('AI&B') to help us grow our commercial standing in the market and lead Banking propositions in conjunction with our leadership team.

The AI&B Banking team, which operates under Deloitte Consulting, is expanding our offering and have become increasingly involved in designing and implementing major financial resource management initiatives for Tier 1 banks globally, with a primary objective of delivering shareholder returns. These initiatives encompass financial resourcing strategy, operational framework and risk and regulations, all rooted in a thorough understanding of the intricacies within the banking sector and supported by state-of-the-art analytical methodologies and tools.

As a Senior Manager, you will be joining a team of 30 management consultants with diverse analytical skills, and industry experience and banking backgrounds. Our team comprises experts in financial analysis, economics, quantitative modelling, and data science, with experience drawn from both industry and advisory backgrounds in strategy, finance, treasury, risk, regulatory, commercial, and operational domains.

Over the past three years, our banking team has experienced a high growth rate, while maintaining a remarkably low attrition level. We expect that growth to continue as our clients increasingly seek our help to guide strategies, measure and manage performance, allocate scarce financial resources, develop customer service innovations, manage risk, respond to regulatory and other stakeholder demands and expectations, and optimise operations. We are hugely ambitious and excited for the future.

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

Our project work spans a wide range of engagements - from designing and implementing prototypes to solutions in the financial resource management domain to supporting large scale transformation or remediation programmes. We often work collaboratively in multi-disciplinary teams alongside other Deloitte practice areas and Service Lines.

Our recent work includes:

• Providing strategic advice and guidance to Tier 1 banks on balance sheet optimization and management, ensuring compliance with regulatory requirements and identifying opportunities for risk mitigation.
• Developing cost of equity frameworks, assessing credit ratings for illiquid assets, and contributing to sustainable finance initiatives in the banking industry.
• Supporting clients in strategy development by bringing insights on client demand response to price changes and capital allocation frameworks to inform pricing strategy implementation across product and client segments.
• Manage large scale projects and programs such as technology implementation, M&A and regulatory oversight, track progress and communicate with stakeholders.
• Collaborating with clients to design and develop data models, dashboards, and analytical frameworks to gain insights into costs, resources, and key metrics for efficient decision-making and cost reduction measures.
• Spearheading business restructuring initiatives to address pricing and charges remediation, working closely with cross-functional teams and senior stakeholders at a large UK wealth manager.
• Overseeing complex investment platform migration projects for large European investment managers, enhancing investment algorithms, credit evaluation, and tax optimization within core engines.
• Advising on treasury-related areas, including capital management, liquidity management, funds transfer pricing, and interest rate risk management.
• Driving the development and enhancement of treasury risk management frameworks, incorporating best practices, regulatory requirements, and aligning treasury, risk, finance, and business objectives.

Connect to your skills and professional experience

Senior Managers are the on-scene leaders who run our projects day to day. You will lead the project team through an efficient and effective problem-solving process from initial thought process through convergence on a solution. You will ensure that recommendations are correct, practical, sensible, relevant, and cohesive.

Your technical and industry experience and skills should include a combination of:

(i) Core banking industry knowledge developed in finance, treasury, risk, or product teams (as practitioner, supervisor and/ or adviser); and

(ii) Proficiency in analytical, modelling, communication, and presentation techniques.

Your specific technical skills, knowledge and experience should include:

Essential

• Great communication skills and the ability to forge strong relationships with our clients in formal and informal settings, engaging with different levels of seniority and backgrounds.
• Able to understand and anticipate our client needs, and to be ready to come up with novel ideas to solve industry and our clients' biggest problems.
• Proven track record of successfully selling and pitching projects to clients, showcasing exceptional communication and presentation skills.
• Demonstrated capability in identifying business opportunities, generating leads, and creating compelling proposals to respond to client RFPs as well as to pitch for unsolicited work. A strong network and the ability to leverage existing relationships to expand the firm's client base will be key for right candidates to progress to the next level.
• Proven leadership skills with the ability to inspire and motivate teams, foster a collaborative and inclusive work environment, and develop the skills and capabilities of junior team members. The capability to provide guidance, feedback, and mentorship to support professional growth and development.
• Strong project management skills, including the ability to lead multiple project teams, manage timelines and budgets, and ensure successful project completion. Understanding of the full spectrum of banking and capital markets products and services, their financial dynamics, and the internal and external factors that shape their performance and risk profiles.
• Understanding of the broad outlines of banking regulation as well as governance and control processes and frameworks.

Desirable

• Preference will be given to candidates with proven relevant experience, ideally with a top-tier consulting firm, who understand a broad set of Finance and Risk topics from a banking perspective. Previous experience working for or with GSIBs as an SME in relevant domains for this role.
• Understanding of the asset management industry, their customer needs and market structures, which are forcing asset managers to adapt their value propositions and business models to remain vibrant and valuable.
• Experience in Python programming language and to manage teams of developers.
• Proficiency in business modelling and formulation of comprehensive business cases is advantageous.

Connect to your business - Consulting

Distinctive thinking, deep expertise, and collaborative working. That's what connects us. That's what makes us Deloitte. If you want to help solve some of the biggest challenges around, join us. Together, we'll make an impact that matters.

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 (e.g., in relation to any financial interests and employment relationships). 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, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

"The great culture, flexibility, and range of experiences that Deloitte offers is what sets this firm apart. In Human Capital, Deloitte is far ahead of any of our immediate competitors."

-Sophia, Consulting

"I've never experienced another business culture that's so unafraid to break traditional boundaries and is so forward looking in its strategy and approach."

-Gillian, Consulting

Our hybrid working policy

You'll be joining one of our innovative virtual communities based in London, with hybrid working. Our hybrid model enables our people to collaborate, connect and innovate in both an online and physical capacity. As well as remote working, you'll attend virtual collaboration spaces and client sites, depending on the requirements of the role.

At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.

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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