Deloitte Advisory Senior Consultant in New York, New York
Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level. In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Deloitte & Touche LLP seeks a Advisory Senior Consultant in New York, NY. Work You ll DoPerform risk assessment, assess, develop, and implement processes, controls and infrastructure to mitigate regulatory and compliance risks facing the clients to meet industry specific requirements. Understand the regulatory environment in financial service industry and help organizations anticipate the changing regulatory landscape. Conduct independent validation reviews across a wide range of Scenario, Stress Testing, CCAR and other critical business decision models to be in accordance to OCC 2011-12 and FRB SR 11-7 regulatory guidance. Be responsible for investigating key aspects of each model under review, including choice of modelling approach, the underlying assumptions and associated limitations. Review of data and model estimation/calibration methodology, model performance and its appropriateness for the intended use, stress testing, sensitivity analysis, etc. Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well as contribute in the firm-wide model risk and control assessment. Create model risk reports, including authoring and presentation of validation reports for the attention of senior management, supervisory authorities, and model stakeholders. Understand clients business environment and basic risk management approaches. Demonstrate general knowledge of market, industry, and regulatory trends. Participate in decision making with engagement management and seek to understand broader impact of current decisions. #LI-DNI RequirementsBachelor's (or higher) degree in accounting, actuarial science, economics, finance or related field (willing to accept foreign education equivalent).Two years of risk assessment experience.Experience must include two years of:Assisting in developing quantitative credit risk models including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and Expected Loss (EL);Assisting in performing statistical parameter estimation, time series analysis, econometric analysis and forecasting techniques, including linear regression, logistic regression, Tobit regression, transition matrix, Monte-Carlo simulation based on stochastic process and the generalized autoregressive conditional heteroscedasticity (GARCH) model;Assisting in performing independent model validations consistent with regulatory guidance OCC 2011-12 and FRB SR 11-7 specific to commercial real estate, including assessing model conceptual soundness frameworks, conducting independent testing, and sensitivity analysis;Assisting in assessing Basell III requirements including identifying and analyzing potential capital efficiency opportunities, specifically optimization of RWA;Assisting in modeling frameworks, key assumptions, and modeling techniques to determine the reasonableness of the quantitative ASC 450 and 350 modeling approaches;Assisting performing research and valuations using Bloomberg and Capital IQ to analyze local and national economic data;Assisting in performing risk assessment and developing and implementing processes, controls, and infrastructure to mitigate regulatory and compliance risks to meet industry specifics requirements; andSupporting in mentoring and training junior members.Position requires approximately 80% travel. BenefitsAt 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. Deloitte s cultureOur positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte. Corporate citizenshipDeloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte s impact on the world. Recruiter tipsWe want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you re applying to. We also suggest that you brush up on your behavioral and case interviewing skills and practice discussing your experience and job history with a family member, friend, or mentor.Check out recruiting tips from Deloitte professionals.
As used in this document, Deloitte means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. 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.
Disclaimer: If you are not reviewing this job posting on our Careers site (careers.deloitte.com) or one of our approved job boards we cannot guarantee the validity of this posting. For a list of our current postings, please visit us at careers.deloitte.com.
Category: Accounting & Auditing