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Advisory Financial Services Risk, Data & Regulatory, Liquidity - Project Associate
Advisory Financial Services Risk, Data & Regulatory, Liquidity - Project Associate-September 2024
Boston
Sep 20, 2024
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Consulting, Financial Services
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About Advisory Financial Services Risk, Data & Regulatory, Liquidity - Project Associate

  Position Summary

  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. This is estimated to be a multi-month assignment with opportunity to be extended. Your responsibilities will include:

  Work you'll do:

  Develop and implement enterprise-wide programs to efficiently and comprehensively address regulatory and business requirementsRespond to evolving regulatory environmentsLead 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 defenseUse 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 relationshipsDemonstrate appropriate compliance and control of interest rate and liquidity riskImplement programs, measures, and tools to efficiently manage interest rate and liquidity risksAddress limited availability of internal resources and subject matter expertiseContribute to Deloitte's thought leadership and business development activitiesOversee the development of junior staff

  Required Qualifications:

  Degree in economics, finance, or other quantitative fields (e.g., mathematics, statistics, etc.)4+ years of relevant work experience in consulting role and/or in Treasury/Treasury Risk management function within financial services industryStrong understanding of liquidity and asset & liability management and experience managing of associated risksIdeal candidates should have practical experience with and strong knowledge of 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 PricingExperience 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 productsWide 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 risksExperience working closely with Treasurers and Senior Management through the identification of emerging asset & liability management, interest rate, and liquidity risksExposure to firm-wide governance frameworks for liquidity risks, including enhancements related to the changing regulatory environment and compliance with regulatory expectationsDetailed knowledge of traded products and associated cashflowsDemonstrate understanding of business processes, regulatory requirements, internal control risk management, process, data and technology controls and related standards and frameworks as related to financial institutionsKnowledge of the structure and roles within the risk function at a bank, capital markets organization or broker-dealer, including execution and oversight processes, risk assessment, reporting, controls, testing, and data analyticsExperience leading smaller engagements or components of large, complex strategy and/or operations transformation engagementsExperience identifying client business issues, owning responsibility for the quality of deliverables, managing stakeholder relationships, and developing persuasive recommendationsExperience building and nurturing positive working relationships with clients with the intention to exceed client expectationsExperience working in a collaborative, team-based environment to solve business challenges and drive change in large organizationsExperience with project management lifecycle, including defining workflows, defining business, functional, and technical requirements documents, detailed project planning, process, and data mapping, defining key risks, testing, status monitoring, problem tracking and resolutionExperience developing and presenting proposal responsesExperience utilizing quantitative and qualitative problem-solving skills, with high capacity for solving business problems with incomplete informationMust 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:

  Advanced degree and/or certification (e.g. MBA, CRCM, CPA, PMP, or CFA)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 MarketsPrior experience implementing liquidity stress testing processes or Basel rules in large financial institutionsExperience with risk management (e.g., credit risk, liquidity risk, operational risk, compliance risk, market risk, interest rate risk, climate risk) including risk identification, assessment, measurement, monitoring and reportingExperience with banking counterparty products, specifically derivative and repo transactionsWorking knowledge of counterparty credit risk management - including collateral management, margining, netting, etc.Strong knowledge of a wide range of banking functions, including: credit products and operations, loan products and operations (deposits, credit cards, lending, underwriting)Experience with environmental, social, and governance risk managementExperience incorporating climate considerations into business functions (e.g. modeling, stress testing, etc.)Strong experience with the contents and implementation of specific regulatory initiatives such as: Dodd-Frank, general consumer compliance, regulatory structure and organizations including the FRB, the CFPB, the OCC, the CFTC, FINRA, and the SEC

  The wage range for this role 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. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. 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 $80,550 to $147,675.

  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.

  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. Check out recruiting tips from Deloitte recruiters.

  Benefits

  At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.

  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. Learn more about our inclusive culture.

  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. Learn more about Deloitte's purpose, commitments, and impact.

  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.

  As used in this posting, "Deloitte Advisory" means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. These entities are separate subsidiaries of Deloitte LLP.

  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

  Requisition code: 162992

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