What Impact will you make?

#YourOpportunity

Financial institutions face a period of unprecedented regulatory change in terms of the number of new initiatives, their complexity and the interplay between different regulations.

Against this backdrop, Deloitte has created a Financial Risk Management team to assist clients in developing, validating and implementing credit risk and market risk models. This team assists financial institutions across the Model Risk Management lifecycle and is widely regarded in the market place as the leading Credit Risk Modelling team.

The primary objective our team is to design, build, implement and validate both credit and traded risk models within the financial services industry, advising and influencing clients on how best to deliver value in the face of an ever increasing and complex regulatory agenda.

In response to the growing demand for the team’s services from internal and external clients, we are looking for new colleagues to join us to drive forward the model development and model risk management agenda.

The successful applicants will enjoy an unparalleled opportunity to develop their risk modelling and validation skills within a stimulating, supportive environment, delivering projects for financial institutions across Europe and beyond.

#YourRole

You will work collaboratively with the wider Financial Risk Measurement team and our clients. The role requires flexibility to tackle a wide range of tasks:

• Contribute to all aspects of credit and traded risk model development and deployment including design, coding, testing, validation and review. The most common types of credit risk models worked on by the team are operational scorecards, IRB capital models for Pillar 1 Credit Risk, IFRS 9 impairment models, forecasting models and stress testing models.
• Help deliver projects to evaluate, design and implement policies, procedures and strategies to effectively deploy and execute risk models and processes, consistent with regulatory requirements and/or market practice across credit risk model delivery.
  Perform reviews of risk model deployment and execution frameworks, including gathering business requirements, assessing conceptual designs, examining governance and controls, and testing outcomes.
• Help the team expand its range of services and solutions in the market place, considering operations, analytics and target operating model considerations for clients, plus how to deliver with third party providers.
• Keep up to date with academic, technical and industry developments in the field of credit and traded risk management, deployment and implementation.
• Applicants will need to be able to review large volumes of information quickly and efficiently in order to identify and disseminate the key points in a coherent manner.
• Applicants should be also committed to building long-term professional relationships with clients and key stakeholders, working with our senior management team to develop industry contacts. Candidates should also share our firm’s commitment to creating and maintaining a respectful and inclusive culture.

#WinningRequirements

To qualify for the role you should have:

• An academic background in Mathematics, Engineering or Quantitative Finance which must include stochastic calculus (a Masters degree in a relevant quantitative/finance discipline or Professional qualification such as PRMIA, GARP, CFA would be an advantage).
• Strong IT skills including Microsoft applications (Word, Excel, PowerPoint) and statistical coding packages (e.g. Python, R, SAS).
• Experience in Financial Maths (ex. Derivatives, pricing, risk modelling etc.)
• Proficient in English to be able to support international clients.
• Knowledge of risk management fundamentals (Basel regulation, standardized vs advanced approaches, risk parameters etc.) is an advantage.
• A strong work ethic and a professional and personable demeanor.
  High personal standards with respect to the quality of your own work.
  The ability to work effectively as part of a wider team, furthering common goals and working within demanding deadlines.
  High motivation, with a proven track record and ability to work on own initiative within a challenging/dynamic work environment.
  Interpersonal and influencing skills, including strong oral and written communication of technical concepts to a non-technical audience.

#WhatWeOffer

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

🏠Modern hybrid workplace, characterized by flexibility and Smart Working

⚖Empowered well-being: We provide multiple program offerings to support your well-being needs (flexible working arrangements, extra days of leave, parental allowances)

🌍 Engagement within international large-scale teams and projects, with opportunities to travel for training or client purposes.

📚 Constant opportunities for learning with unlimited access to internal and external learning platforms and sponsored certificates aligned with business needs and technology trends

🚀 Challenging and innovating environment where personal development and growth are encouraged, always with transparency and trust

🤼 Diverse culture and active communities that enable you to bring yourself to work

🎉 Team Building and Corporate Social Responsibility Activities

🏃 A buddy to support you with your onboarding

🌴 Extra days of annual leave

⚕ Private medical health insurance plan

💳 Ticket restaurant card

🛒 Exclusive Discounts to several retail providers, restaurants and others

📱 Mobile phone

🍏 Fresh fruits and unlimited coffee everyday at our offices

#AboutFRM

Deloitte’s One Financial Risk Management group is part of its Risk Advisory capability in North and South Europe.

We help our clients excel in the management of Credit Risk, Market & Counterparty Risk, Model Risk, Treasury & Liquidity, Economic Capital & Stress Test, complying with each new wave of regulation, adapting to new technologies and market dynamics, and harnessing models to better manage financial risks. Our work spans the risk lifecycle – from model build and validation to embedding model insights into the full range of risk management disciplines.

IRB and IFRS9

One of our core competencies is building credit and traded risk models that meet the requirements of front-line teams, as well as all three lines of defence. We have specialists across retail, wholesale and traded products and have helped scores of clients design, build, validate, approve and roll out IRB, IMA and IMM model suites and IFRS9-compliant impairment models. We have also helped UK banking clients complete the end-to-end application for IRB Accreditation.

Model Risk Management

Recognizing the need for cost-effective, value-add model validations, we help clients conduct specialist reviews an annual validations of their models with a particular focus on prioritizing the material issues and communicating issues clearly to Board-level audiences. We increasingly offer model validations as a managed services using our global network of modelling SMEs. As part of the wider task of model management, we also help firms upgrade their credit risk technologies (systems, data and controls) as well as helping them in the careful deployment of artificial intelligence in model builds.

#AboutRiskAdvisory

In a constantly evolving, complex risk environment, our market leading Risk Advisory professionals are trusted by organizations across the globe to support them in understanding, evaluating and mitigating risk.

Our clients demand industry experts who understand their challenges intimately and with whom they can build trusted relationships. They choose us because we provide bespoke solutions that deliver the power of Deloitte, bringing together people they respect and enjoy working with; innovative technology; and an approach that allows them to make informed and intelligent risk decisions.

Our expertise spans all areas and sectors including technology risk, governance, internal audit, regulatory compliance, risk analytics, public sector and managed services. As a member of the team, you will work with inspiring, ambitious and supportive people who have diverse and extensive skills, experience and backgrounds. A move to Risk Advisory will help you to build a rewarding and balanced career.