Deloitte Advisory - Manager - Financial Services Risk, Data & Regulatory in Chicago, Illinois
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, and liquidity risks, respond to evolving regulatory environments and implement programs, measures, and tools to efficiently deploy risk-based capital with a specific 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:
Develop and implement enterprise-wide programs to efficiently and comprehensively address regulatory and business requirements
Respond to evolving regulatory environments
Lead 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 defense
Use 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
Demonstrate appropriate compliance and control of capital and liquidity risk
Implement programs, measures, and tools to efficiently deploy risk-based capital
Address limited availability of internal resources and subject matter expertise
Contribute to Deloitte's thought leadership and business development activities
Oversee the 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 30% - 50%, on average, based on the work you do and the clients and industries/sectors you serve.
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
Strong knowledge of a wide range of banking functions, including: credit products and operations, loan products and operations (deposits, credit cards, lending, underwriting), risk management (e.g. credit risk, liquidity risk, operational risk, compliance risk, market risk, interest rate risk, climate risk)
Experience with environmental, social, and governance risk management
Experience 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
For individuals assigned and/or hired to work in New York City, Jersey City, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to New York City, Jersey City and 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. 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 $116,648.00 to $194,413.00.
For AIP-eligible roles include: 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.
For incentive comp-eligible roles include: You may also be eligible to participate in a sales incentive program, whereby you may be eligible to receive certain incentive compensation amounts based on achievement of certain sales goals set forth each year, subject to the terms and conditions of any applicable program document.
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.