Analyst – PFIC Banking

McKinsey & Company; Riyadh; On-site; SAR 120,000 - 240,000; Full time

Job summary

Join a forward-thinking consulting firm in Saudi Arabia, where you will be part of a dynamic team focused on financial institutions. This role offers the opportunity to engage in deep analysis of financial services, develop expertise in specific industry sub-topics, and contribute to innovative knowledge assets. You will collaborate with colleagues and clients, leveraging your analytical and problem-solving skills to address complex business challenges. If you are an entrepreneurial self-starter with a passion for research and consulting, this position will provide you with the challenges and rewards you seek in a fast-paced environment.

Qualifications

• 2+ years of experience in consulting firms or financial services.
• Strong understanding of financial statements and business concepts.

Responsibilities

• Analyze and synthesize information on financial service companies.
• Collaborate with global teams to deliver knowledge and best practices.

Skills

Analytical Skills

Problem-Solving Skills

Communication Skills (English and Arabic)

Financial Analysis

Teamwork

Education

PG/MBA in Commerce or Finance

Degree in Business Studies or Economics

Job description

Who You'll Work With

You will work with McKinsey & Company, Saudi Arabia as part of the Panorama Financial Institutions Insights and Consulting (PFIC) team. PFIC is one of the largest knowledge capabilities and insights teams globally and part of the Banking & Insurance practice, with 250+ members across 25+ locations, focusing on financial services domains, e.g., retail banking, corporate and investment banking, FIG PE, Asset Management, Fintech, Payments, and Insurance.

There is flexibility to hire at the Analyst or Senior Analyst level, depending on the candidate’s experience.

Your Impact

Typically, the primary job responsibilities fall into these categories:

1. Staffing on client engagements as a knowledge professional either remotely or at client site to solve FIG client’s business problems.
2. Analyzing and synthesizing information on financial service companies as well as the industry.
3. Developing expertise over time in a particular FIG industry sub-topic or function.
4. Developing knowledge innovation and proprietary FIG assets.
5. Collaborating with the global client capability network to deliver knowledge and share best practices.

You will be expected to possess and build a good understanding of industry trends/issues.

You will work directly with fellow colleagues, consultants, and clients on analysis that requires in-depth market and domain understanding, financial modeling, and client-ready presentation material. The designation of Sr. Analyst or Analyst for the right candidate would depend on relevant prior experience, skillset, and qualifications.

Your Qualifications and Skills

• PG/MBA in commerce, finance, business studies, operations, or economics.
• Work experience of 2+ years in consulting firms, PE or Equity research; Fintech; digital transformation knowledge or experience will be an added advantage.
• Strong understanding of financial statements and general business concepts.
• Strong written and verbal communication skills (in English and Arabic).
• Superior problem-solving, analytical, and quantitative skills.
• Professional attitude and service orientation.
• Ability to work independently as well as in a team.
• Willingness to work in a demanding and result-oriented team environment.
• Candidates for this role should be entrepreneurial and self-starters who enjoy the challenges and rewards of research work in a dynamic and changing environment.