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Deloitte Advisory Financial Services Risk, Data & Regulatory, Liquidity - Project Associate in Boston, Massachusetts

Project Associate

Deloitte Risk and Financial Advisory's Financial Services Industry (FSI) Risk, Data and Regulatory professionals help organizations identify the regulatory changes impacting their business and implement effective and efficient processes to manage regulatory, capital, liquidity and interest rate risks, respond to evolving regulatory environments and implement programs, measures, and tools to help clients with a specific focus on risk, data, and regulatory processes.

Position Summary:

The ideal candidate will have a genuine passion for driving strategic transformation in the financial services industry combined with relationship-building, leadership, and communication skills. The ability to bring together stakeholders and persuade senior clients to act is essential. A genuine passion for the financial services industry, combined with relationship-building, leadership, and communication skills will be critical to success. Candidates should be energized by continuous personal improvement, proactively seeking out new skills and perspectives. This is estimated to be a multi-month assignment with opportunity to be extended. Your responsibilities will include:

Work you'll do:

  • Develop and implement enterprise-wide programs to address regulatory and business requirements efficiently and comprehensively

  • Respond to evolving regulatory environments

  • Use a combination of direct management and hands-on delivery to craft solutions for clients, guide and oversee the quality of the team's deliverables and recommendations and manage day-to-day stakeholder relationships

  • Demonstrate appropriate compliance and control of interest rate and liquidity risk

  • Implement programs, measures, and tools to efficiently manage interest rate and liquidity risks

  • Address limited availability of internal resources and subject matter expertise

  • Contribute to Deloitte's thought leadership and business development activities

Required Qualifications:

  • Degree in economics, business, finance, or other quantitative fields (e.g., mathematics, statistics, etc.)

  • 4+ years of relevant work experience in consulting role and/or in Treasury/Treasury Risk management function within financial services industry

  • Strong understanding of liquidity and asset & liability management and experience managing of associated risks

  • Ideal candidates should have practical experience with and strong knowledge of liquidity and asset & liability management regulations and supervisory guidance letters that include, but are not limited to; Enhanced Prudential Standards-Regulation YY, Basel III LCR and NSFR, FR 2052a, SR 10-1 Interagency Advisory on Interest Rate Risk, BCBS 368 - Interest Rate Risk in the Banking Book, SR 10-6 Interagency Policy Statement on Funding and Liquidity Risk Management, and SR 16-3 Interagency Guidance on Funds Transfer Pricing

  • Wide knowledge across financial institution's retail and wholesale products to monitor changes in the firm's balance sheet strategy to help identify emerging interest rate and liquidity risks

  • Exposure to firm-wide governance frameworks for liquidity risks, including enhancements related to the changing regulatory environment and compliance with regulatory expectations

  • Demonstrate understanding of business processes, regulatory requirements, internal control risk management, process, data and technology controls and related standards and frameworks as related to financial institutions

  • Knowledge of the structure and roles within the risk function at a bank, capital markets organization or broker-dealer, including execution and oversight processes, risk assessment, reporting, controls, testing, and data analytics

  • Experience building and nurturing positive working relationships with clients with the intention to exceed client expectations

  • Experience working in a collaborative, team-based environment to solve business challenges and drive change in large organizations

  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

  • Ability to travel 30-50%, on average, based on the work you do and the clients and industries/sectors you serve keep.

Preferred Qualifications:

  • Advanced degree and/or certification (e.g. MBA, CRCM, CPA, PMP, or CFA)

  • Experience with risk management (e.g., credit risk, liquidity risk, operational risk, compliance risk, market risk, interest rate risk, climate risk) including risk identification, assessment, measurement, monitoring and reporting

  • Strong knowledge of a wide range of banking functions, including: credit products and operations, loan products and operations (deposits, credit cards, lending, underwriting)

  • Experience with environmental, social, and governance risk management

  • Experience incorporating climate considerations into business functions (e.g. modeling, stress testing, etc.)

  • Strong experience with the contents and implementation of specific regulatory initiatives such as: Dodd-Frank, general consumer compliance, regulatory structure and organizations including the FRB, the CFPB, the OCC, the CFTC, FINRA, and the SEC

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $80,550 to $147,675.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

The team

Against an increasingly complex regulatory landscape, we help clients mitigate risk and achieve compliance. We do this by leveraging our deep knowledge of industry regulations and proven methodologies to design, assess, and transform their risk and regulatory processes and data infrastructure. We work with our clients to effectively navigate a regulatory investigation or inquiry, achieving the overall risk profile they need to power their organization forward. Learn more about Deloitte's FSI Risk, Data and Regulatory practice. #LI-RC1

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.