Quantitative Financial Risk - Senior Associate

Alvarez & Marsal Deutschland GmbH; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global consulting firm is seeking a Senior Associate in London to assist financial institutions with their financial risk management. In this role, you will collaborate with banks to develop quantitative models and strategies that enhance financial performance while ensuring compliance with regulations. The ideal candidate will have strong analytical and communication skills, with experience in financial services and a solid academic background in finance or related fields. Opportunities for professional development are emphasized, along with a collaborative company culture.

Benefits

Continuous professional development

Collaborative work environment

Employee well-being support

Qualifications

• Experience in financial services or consulting with exposure to quantitative financial risk.
• Strong understanding of IRRBB, Liquidity risk, Pillar 1 credit and market risk modelling.
• Proven ability to build or review quantitative models.

Responsibilities

• Partner with banks and NBFIs on financial risk metrics.
• Develop quantitative models for ALM, liquidity, and capital risks.
• Present findings to clients in a structured way.

Skills

Financial risk analysis

Quantitative modeling

Communication skills

Regulatory compliance understanding

Analytical mindset

Education

Strong academic background in quantitative or finance-related discipline

Professional qualifications (CFA, FRM, PRMIA)

Tools

Excel

Python

R

Job description

Description

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

Join our dynamic team of financial risk experts who are dedicated to helping financial institutions navigate complex regulatory environments and optimize their financial performance. Our team works on a variety of projects, including developing sophisticated financial risk methodologies and models, with a strong focus on ALM (IRRBB, Liquidity and Capital Risk) and Pillar 1 financial risk components (credit and market risk). This is an opportunity to work on impactful projects that enhance risk-adjusted financial performance and inform strategic decision-making at the highest levels.

How You Will Contribute

As a Senior Associate, you will play a key role in helping senior financial institution leaders translate business strategies and regulatory changes into quantifiable financial impacts. You will support the development and execution of sophisticated financial risk methodologies and models. Your work will span across client-facing delivery, analytical modelling, and shaping recommendations that enhance risk-adjusted financial performance, meet prudential requirements, and inform strategic decision-making at the highest levels.

Key Responsibilities

• Partner with banks and NBFIs to model the impact of strategic initiatives on key financial risk metrics and capital/liquidity positions.
• Develop and implement quantitative models to assess ALM profile and risk, such as IRRBB, liquidity, and capital risks, and Pillar 1 credit and market risk under CRR standards.
• Contribute to the design and delivery of balance sheet strategy initiatives, including capital and liquidity optimization, stress testing, and ICAAP/ILAAP scenario modelling.
• Assess client compliance with evolving regulatory requirements (e.g., CRD VI/CRR III, PRA/ECB supervisory statements).
• Present findings and recommendations to clients in a compelling and structured way.
• Support business development through preparation of thought leadership, proposals, and client pitches.

Qualifications

• Experience in financial services or consulting with demonstrable exposure to quantitative financial risk.
• Strong understanding of at least two of the following areas: Interest Rate Risk in the Banking Book (IRRBB), Liquidity risk (LCR, NSFR, CFP), Pillar 1 credit and market risk modelling.
• Proven ability to build or review quantitative models (Excel, Python, R or similar).
• Understanding of balance sheet structure, funding models, and regulatory capital/liquidity rules (Basel III, CRD/CRR, PRA Rulebook).
• Highly analytical with a commercial mindset and excellent attention to detail.
• Strong communication skills – ability to translate complex analysis into practical recommendations for senior stakeholders.
• Experience working with or advising CFO, Treasury, Risk or ALM functions preferred.

Education & Qualifications

• Strong academic background in a quantitative or finance-related discipline (e.g., Economics, Finance, Mathematics, Engineering).
• Professional qualifications such as CFA, FRM, PRMIA, or progress toward these is a plus.

Your Journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career. We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.