Advisory - Financial Services Risk, Data & Regulatory Manager - Capital / Stress Testing

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 requirements in multiple areas including regulatory capital. This will entail supporting clients as they respond to evolving regulatory environments and implement programs, measures, and tools to address needs related to capital management and reporting with a focus on risk, data and regulatory processes.

Work you'll do

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 and exhibiting openness to coaching from senior colleagues and reviewing the work of and contributing to the development of junior staff. Your responsibilities will include:

• Supporting engagement delivery and internal initiatives in response to evolving environments in the areas of regulatory capital, economic capital and capital management
• Leading and delivering small engagements, or components of large, complex engagements for financial services clients. Typical engagements include implementation support, process improvement, operating model design and implementation, risk assessment and management, and controls testing engagements across three lines of defense
• Working on engagements in a team-based environment, partnering directly with clients and Deloitte colleagues
• Using 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 relationships
• Contributing to Deloitte's thought leadership and business development activities specifically in areas of capital and stress testing
• Overseeing the engagement activities and development of junior staff

• Bachelor's degree in Accounting, Finance, Business Management, Economics or related field
• 7+ years of experience in a financial services organization (preferably a bank, capital markets organization or broker-dealer), regulatory agency, or consulting firm with a clear record of expertise, accomplishment, and impact
• Demonstrate understanding of business processes, regulatory requirements, internal control risk management, process, data and technology controls and related standards and frameworks as related to financial institutions
• Knowledge 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 analytics
• Experience leading smaller engagements or components of large, complex strategy and/or operations transformation engagements
• Experience identifying client business issues, owning responsibility for the quality of deliverables, managing stakeholder relationships, and developing persuasive recommendations
• Demonstrate strong project management skills, executive messaging, deliverable development, and success acclimating to a team delivery model
• Experience building and nurturing positive working relationships with clients with the intention to exceed client expectations
• Ability to work in a collaborative, team-based environment to solve business challenges and drive change in large organizations
• Project management lifecycle skills, including defining work flows, defining business, functional, and technical requirements documents, detailed project planning, process and data mapping, defining key risks, testing, status monitoring, problem tracking and resolution
• Experience developing and presenting proposal responses
• Exceptional quantitative and qualitative problem-solving skills, with high capacity for solving business problems with incomplete information
• Eagerness to mentor junior staff
• Must 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 up to 50% (While up to 50% travel is a requirement of the role, due to COVID-19, non-essential travel has been suspended until further notice)

• 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 Markets
• Experience with DFAST, CCAR, Standardized and/or Advanced US regulatory capital rules
• Prior experience implementing stress testing processes or Basel rules in large financial institutions
• Understanding of the lifecycle of balance sheet exposures and impact on capital implementation and levels
• Strong understanding of regulatory capital best practices and controls, and interdependencies across different risk stripes
• Familiarity with banking processes - including back office documentation, compliance and controls, reconciliation
• Experience with the contents and implementation of specific regulatory initiatives such as: Dodd-Frank, general consumer compliance, regulatory structure and organizations including FRB, OCC and CFTC