Job Title: FSI Compliance and Operational Risk, Risks and Controls – Analyst/Consultant/Senior Consultant

About

At Deloitte, we do not offer you just a job, but a career in the highly sought-after Risk Management and Compliance field. We are one of the business leaders in the risk and compliance market. We work with a vision to make the world more prosperous, trustworthy, and safe. Deloitte’s clients, primarily based outside of India, are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address these risks is increasingly important to their success—and to the strength of the economy and public security.

By joining us, you will get to work with diverse teams of professionals who design, manage, and implement risk-centric solutions across a variety of domains. In the process, you will gain exposure to the risk-centric challenges faced in today’s world by organizations across a range of industry sectors and become subject matter experts in those areas.

Our Risk and Financial Advisory services professionals help organizations effectively navigate business risks and opportunities—from strategic, reputation, and financial risks to operational, cyber, and regulatory risks—to gain competitive advantage. We apply our experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. Our market-leading teams help clients embrace complexity to accelerate performance, disrupt through innovation, and lead in their industries. Working in Risk and Financial Advisory at Deloitte US-India offices has the power to redefine your ambitions.

As an integral part of this practice, the Regulatory and Legal Support (R&LS) team plays a vital role in managing risk and ensuring compliance for businesses. The R&LS team is specialized in risk management, compliance, operations, governance, legal and regulatory enforcement action support, transactional flow analysis, legal entity structuring. By aligning people, processes, and technologies, the team guides clients through emerging regulatory regimes globally. It also supports clients who become targets of legal or regulatory enforcement actions by initiating internal investigations, which may include e-discovery and personnel interviews. As part of FSI Compliance and Operational Risk (FCOR) team, professionals work with variety of global capital markets and investment management firms, in helping them manage their risks, achieve regulatory compliance, and streamline operations to achieve desired business goals.

Work you will do:

As part of the team, you will engage closely with investment management and capital markets clients, gaining insights into their unique challenges, business contexts, and processes to devise solutions tailored to their needs. Also, an integral part of your responsibilities will encompass directing and overseeing Proof-of-Concept endeavors and consulting projects with our Process Intelligence prospects and clients. This includes defining business requirements, analyzing processes, preparing data, and deploying solutions. You will be responsible for transforming the operations of large, complex financial services organizations by analyzing the current state, identifying the gaps, building the suitable target state, and operating them further (as applicable). Additionally, you will be involved in the process of identifying, evaluating, and mitigating potential risks that could hinder the organization’s objectives. You will also be expected to work in large teams, driving client conversations and providing regular updates to client as well as Deloitte leadership.

Desired Experience:

•      Risk Management Framework: In-Depth understanding of Risk Management Framework (COSO, ISO 31000, etc.) along with the ability to identify, evaluate and prioritize enterprise level risks based on their potential impact.

•      Risk and Control Self-Assessment (RCSA): Proficient in leading the efforts in conducting self-assessments of risks and controls, across the organization, to identify, evaluate, and report on risks and the effectiveness of controls designed to mitigate them.

•      Monitoring and Testing (M&T): Ability to conduct risk-based testing and monitoring activities to assess the design and operating effectiveness of controls established to mitigate compliance risk across the first line of defense (“1LOD”) and second line of defense (“2LOD”).

•      Regulatory Change Management (RCM): Proficient and having a good understanding of regulatory change management processes pertaining to intake, review, assess, plan, implement and monitor the implementation of regulatory changes that are determined to be applicable and which impact Capital Markets and Investment Management firms, which supports the updates to the regulatory requirements inventory.

•      Regulatory Interaction & Coordination: Ability to support coordination of regulatory supervisory activities, including examinations, reviews, meetings and routine continuous monitoring for regulators (primarily US).

•      Policies & Procedures (P&P) Development: Proficient in development and establishment of policies, procedures and controls to address critical processes and to ensure compliance with applicable laws and regulations.

•      Knowledge of Internal Controls: Deep working knowledge in evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience in analysing the business and/or systems changes to determine impact.

•      Technical and Client Interaction Skills: Prior experience as a key technical resource in developing solutions in client environments, with the ability to define business processes and gather functional system requirements in collaboration with clients.

•      Capital Markets and Banking Knowledge: Experience in one or more key areas in the Capital Markets domain (Investment Management, Security Operations, etc.), along with an understanding of the U.S. or International Banking and Securities industry and experience working with a financial services consulting organization.

•      Analytical and Presentation Skills: Strong analytical, communication, stakeholder management and presentation skills.

•      Communication Skills: Excellent communication skills with the ability to articulate complex financial information and proficiency in documenting findings and effectively communicating risk & control issues to stakeholders.

•      Consulting Experience: Prior external or internal consulting experience is highly valued.

•      Problem-Solving Skills: Good problem-solving and analytical skills to navigate through complex business scenarios and recommend effective mitigation strategies & action plans.

•      Quick turnaround Time: Flexible and dynamic in nature and able to turn around work quickly.

Required Qualifications

·       Bachelor’s degree in Finance, Accounting, Management or similar field

·       Master’s degree in Finance, Business Analytics, IT or Master of Business Administration (MBA) is preferred.

·       CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) certification is preferred

·       3-10 years of relevant experience 

·       Across any of 7 USI locations (Hyderabad, Bengaluru, Delhi, Mumbai, Kolkata, Chennai, Pune)

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