Senior Associate, FS Risk & Regulation - Global Capability Center

Alvarez & Marsal; Gurugram District; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Alvarez & Marsal in India is seeking an accomplished risk consulting professional with 4–6 years of experience to strengthen risk management, governance and compliance for financial institutions, with emphasis on banks.

The role blends strategic advisory with hands-on execution, requiring engagement with senior stakeholders, leadership of multidisciplinary teams, and delivery of measurable risk programs across ERM, credit, market, and operational risk domains.

Qualifications

• 4–6 years of relevant experience in risk consulting within a top consulting firm.
• Proven exposure to multiple risk domains (enterprise, credit, market, operational, conduct, compliance, technology/cyber, ESG).
• Strong grasp of global and EU regulatory requirements.
• Experience in risk process and governance transformation programs, with both technology and non-tech levers.

Responsibilities

• Lead and deliver risk management and governance programs for financial institutions, preferably in banking.
• Drive risk framework design and implementation, including policy development and governance structures.
• Support risk operating model design, risk tech enablement, and process re-engineering to enhance effectiveness and compliance.
• Develop and refine risk policies, standards, and governance frameworks for banks and financial institutions.
• Establish risk appetite frameworks, RCSA methodologies, and KRI dashboards for monitoring and reporting.

Skills

Risk management

Governance

Compliance

Regulatory requirements

Stakeholder engagement

Team leadership

Data analytics

RCSA

KRI dashboards

Job description

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results‑oriented professionals in more than 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

We are looking for an accomplished risk consulting professional with experience advising and enabling financial services institutions (emphasis on banks) in strengthening their risk management, governance, and compliance requirements. The ideal candidate will have deep, cross-domain expertise across a few of the key risk domain areas (enterprise risk management, credit, market, operational risk, non‑financial risk including conduct, compliance, and cyber risk, and risk transformation programs.

This role demands a mix of strategic advisory capability and operational execution, with a strong understanding of risk frameworks, regulatory expectations, and leading industry practices. The individual should be entrepreneurial, proactive, and comfortable working in dynamic, fast‑paced client environments—capable of building relationships with senior stakeholders and leading multidisciplinary teams to deliver measurable impact.

How You Will Contribute

• Lead and deliver key workstreams as part of complex risk management and governance consulting programs for financial institutions, preferably in banking.
• Drive risk framework design and implementation, including policy development, governance structures, risk appetite frameworks, and control testing mechanisms.
• Support clients in risk operating model design, risk technology enablement, and process re‑engineering to enhance effectiveness and compliance.
• Provide advisory and transformation support across the following risk consulting domains:
  • Enterprise Risk Management (ERM): risk identification, prioritization, and mitigation frameworks.
  • Credit Risk: portfolio analytics, risk measurement, credit process redesign, and model governance.
  • Market Risk: risk reporting, limit frameworks, and trading risk processes.
  • Operational Risk: process control design, scenario analysis, and loss data collection.
  • Non‑Financial Risks: conduct, compliance, reputational, ESG, and third‑party risk management.
  • Technology and Cyber Risk: risk frameworks, resilience assessments, and regulatory alignment.
  • Policy, Governance & Framework Development: develop and refine risk policies, standards, and governance frameworks for both new and established financial institutions.
  • Support regulatory readiness, policy harmonization, and the alignment of governance structures to Basel, PRA, FCA, and other regulatory requirements.
  • Establish risk appetite frameworks, RCSA methodologies, and KRI dashboards for continuous monitoring and reporting.
  • Data‑led analytics and AI product propositions: experience in developing tools and products to enhance risk data analytics, risk management and board‑level dashboards for better decision‑making.

Qualifications

• 4–6 years of relevant experience in risk consulting within a top consulting firm.
• Proven exposure to multiple risk domains (enterprise, credit, market, operational, conduct, compliance, technology/cyber, ESG).
• Strong grasp of global and EU regulatory requirements.
• Experience in risk process and governance transformation programs, with both technology and non‑tech levers.
• Strong quantitative and qualitative analytical capability, with experience in risk data, MI, and control assessment frameworks.
• Demonstrated ability to engage senior client stakeholders and manage delivery of multi‑stakeholder engagements.
• Experience managing and developing high‑performing teams in a consulting or risk advisory context.

Your Journey at A&M

We recognize that our people are the driving force behind our success and 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.