Senior Consultant - Senior Manager, Banking Financial Resource Management

DELOITTE LLP; London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading consulting firm in London is seeking an experienced Senior Consultant or Manager to join their Actuarial Insurance & Banking team. The role involves advising Tier 1 banks on balance sheet optimization and regulatory compliance, as well as managing large-scale financial resource management projects. Candidates should possess strong analytical and project management skills, and familiarity with banking products and regulations. Competitive compensation and professional development opportunities are provided.

Benefits

Competitive salary

Professional development opportunities

Flexible working environment

Qualifications

• Core banking knowledge from finance, treasury, or risk teams.
• Proficiency in analytical and presentation techniques.
• Familiarity with banking regulations and governance.

Responsibilities

• Provide strategic advice on balance sheet optimization.
• Manage large-scale projects like technology implementation.
• Collaborate on developing data models and analytical frameworks.

Skills

Analytical skills

Project management

Communication skills

Problem-solving skills

Education

Professional certification (CFA, FRM, etc.)

Tools

Advanced MS Office skills

Python

Job description

Overview

We are seeking experienced financial services practitioners to join Deloitte's Actuarial Insurance & Banking team ('AI&B') as a Senior Consultant or Manager. The AI&B Banking team, which operates under Deloitte Consulting, designs and implements major financial resource management initiatives for Tier 1 banks globally, with the objective of delivering shareholder returns. Initiatives include financial resourcing strategy, operational framework, and risk and regulatory considerations, grounded in the banking sector and supported by analytical methodologies and tools. You will join a team of 30 management consultants with diverse analytical skills, industry experience and banking backgrounds, including experts in financial analysis, economics, quantitative modelling, and data science from both industry and advisory backgrounds across strategy, finance, treasury, risk, regulatory, commercial, and operational domains. Over the past three years, the banking team has grown rapidly with low attrition, and growth is expected to continue as clients seek help to guide strategies, measure and manage performance, allocate scarce financial resources, develop customer service innovations, manage risk, respond to regulatory and other stakeholder demands, and optimise operations.

Connect to your career at Deloitte

Deloitte drives progress. Using our expertise, we help clients become leaders wherever they choose to compete. We invest in outstanding people, build teams of future thinkers with diverse talents and backgrounds, and empower them to reach for and achieve more.

Connect to your opportunity

Our project work spans engagements from designing and implementing prototypes to solutions in financial resource management and large-scale transformations or remediation programmes. We often work collaboratively in multi-disciplinary teams alongside other Deloitte practice areas and Service Lines.

Responsibilities

• Providing strategic advice and guidance to Tier 1 banks on balance sheet optimization and management, ensuring regulatory compliance and identifying opportunities for risk mitigation.
• Developing cost of equity frameworks, assessing credit ratings for illiquid assets, and contributing to sustainable finance initiatives in the banking industry.
• Supporting clients in strategy development by bringing insights on client demand response to price changes and capital allocation frameworks to inform pricing strategy implementation across product and client segments.
• Collaborating with clients to design and develop data models, dashboards, and analytical frameworks to gain insights into costs, resources, and key metrics for efficient decision-making and cost reduction measures.
• Managing large-scale projects and programs such as technology implementation, M&A and regulatory oversight, tracking progress and communicating with stakeholders.
• Spearheading business restructuring initiatives to address pricing and charges remediation, working closely with cross-functional teams and senior stakeholders at a large UK wealth manager.
• Overseeing complex investment platform migration projects for large European investment managers, enhancing investment algorithms, credit evaluation, and tax optimization within core engines.
• Advising on treasury-related areas, including capital management, liquidity management, funds transfer pricing, and interest rate risk management.
• Driving the development and enhancement of treasury risk management frameworks, incorporating best practices, regulatory requirements, and aligning treasury, risk, finance, and business objectives.

Connect to your skills and professional experience

Your contributions will include supporting engagement teams with the analysis of the client problem statement, identification of options for its potential solution and the implementation of our recommendation into changes to methodology / systems and operating model, depending on the phase of the project. You will do so by leveraging your prior project or industry experience. While the most important skill is adaptability and curiosity to develop new solutions for our clients' problems, your prior skills and experience should include a combination of:

1. Core banking industry knowledge developed in finance, treasury, risk, or product teams (as practitioner, supervisor and/ or adviser); and
2. Proficiency in analytical, modelling, communication, and presentation techniques.

Your specific technical skills, knowledge and experience should include:

• Familiarity with the broad spectrum of banking and capital markets products and services, their financial dynamics and risk profiles, and the broad outlines of banking regulation as well as governance, control processes and frameworks.
• Familiarity with the purpose and format of banks' financial reports and other disclosures, and the key financial, risk and other indicators they reveal.
• Advanced analytical skills in the Office suite.
• Familiarity with financial models and practical use of statistical frameworks in the context of financial services applications.
• Strong interpersonal and communication skills to effectively collaborate with clients and stakeholders at all levels.
• Strong business acumen and understanding of the broader economic landscape and its impact on the banking industry.
• Strong project management skills, with the ability to lead and support projects across different clients and initiatives.
• Adaptability and ability to work in multi-disciplinary teams, collaborating with stakeholders from different practice areas within Deloitte and across the industry.
• Strong problem-solving skills, with the ability to analyse complex client situations and data and provide specific insights and solutions.
• Attention to detail and a commitment to delivering high-quality work within project timelines and client expectations.
• Proven ability to navigate complex projects, manage multiple priorities, and deliver results within tight deadlines.
• You will be committed to ongoing personal professional development, ideally being either already enrolled / part-qualified in, or willing to consider, a professional course of study such as CFA, FRM or similar.
• Prior experience in either Balance Sheet Management, ALM, structuring of hedge programmes or pricing strategies across banking book products.
• Familiarity with the asset and wealth management industry, their customer needs and market structures, which are forcing asset managers to adapt their value propositions and business models to remain vibrant and valuable.
• Advanced knowledge in quantitative models and Object-Oriented Programming in Python or other modern programming language (i.e., Java, C#, SAS, R).
• Proficiency in business modelling and formulation of comprehensive business cases is advantageous.

Connect to your business - Technology and Transformation

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Personal independence

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

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-Sophia, Technology and Transformation
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