Quantitative Financial Risk - Senior Associate

Alvarez and Marsal; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global consulting firm in the financial sector seeks a professional to join their team of experts in financial risk consulting. The role involves developing financial models, assessing regulatory compliance, and supporting business development initiatives. Ideal candidates will have strong quantitative backgrounds and experience in financial services or consulting. The company emphasizes employee growth, offering a culture of meritocracy and continuous learning opportunities, while promoting a work environment focused on integrity and quality.

Benefits

Continuous learning opportunities

Performance development process

Employee well-being resources

Qualifications

• Experience in financial services or consulting with exposure to quantitative financial risk.
• Ability to build or review quantitative models.
• Experience working with or advising CFO, Treasury, Risk or ALM functions preferred.

Responsibilities

• Contribute to the design and delivery of balance sheet strategy initiatives.
• Assess client compliance with evolving regulatory requirements.
• Support business development through proposals and client pitches.

Skills

Quantitative financial risk

Analytical skills

Communication skills

Understanding of regulatory requirements

Education

Strong academic background in quantitative or finance-related discipline

Professional qualifications such as CFA or FRM (or progress towards)

Tools

Excel

Python

R

Job description

Responsibilities

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.

Description About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action‑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.

Team

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