Accenture - Consultant - Finance Risk Analytics

Organization: Accenture

Location: Gurgaon

Level: Consultant

Accenture is a global management consulting, technology services and outsourcing company, with approximately 375,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments.

For our Risk Analytics Practice, we are seeking experienced and accomplished Risk Management professionals with significant experience in risk modeling and analytics, and sound understanding of Financial Services risk management principles and practice.

As a Risk Analytics professional, you will support financial services firms from around the world in achieving their expected return targets while managing risks, and complying with regulatory requirements in the most cost-effective manner. By refining and optimizing our clients' abilities to identify, measure, monitor and manage financial risk, we create substantial shareholder and economic value. We have the breadth of risk analytics experience, global resources, best-in-class analytical tools and frameworks, superior assets and deep knowledge to help our clients become high-performing Financial Services businesses.

Summary of Responsibilities

Project Delivery

- Responsible for delivering on various risk analytics based consulting assignment as part of one team in a globally distributed staffing mode

- Deliver on analytics and/or risk strategy projects that may involve model development, validation, governance, risk strategy, implementation, economic/regulatory capital calculation, stress testing and end to end delivery of risk management solutions for Accenture's clients.

- Support project teams engaged in the delivery of a wide range of Credit, Market and Operational Risk Management/Analytics initiatives. Projects may involve Risk Management advisory work for CROs, CFOs, etc. to achieve a variety of business, operational and regulatory outcomes.

Practice Enablement

- Lead / guide junior analysts to deliver on work streams of risk analytics projects

- Provide support to management in business development, client proposals and in building strong relationships with global Accenture Analytics and Risk Management teams

- Support development of risk analytics practice through activities like capability development, knowledge management, external research etc.

Basic Qualifications

1. At least 4 years of relevant Risk Analytics experience at one or more Financial Services firms (Universal bank or Investment bank or Broker-Dealer or Insurance provider), Rating Agency or Professional Services / Risk Advisory with significant exposure to one or more of the following areas:

- Risk Ratings and Credit Risk Methodology

- Economic and Regulatory Capital

- Stress Testing

- Liquidity Risk

- Counterparty Credit Risk

- Market Risk

- Model Validation / Audit / Governance

- PPNR / Revenue / Loss forecasting, ALLL and Provisioning

- Pricing

- Underwriting

- Collections and Recovery

- Credit Policy and Limit Management

- Fraud Risk

- Actuarial, Insurance Risk Evaluation and Underwriting

2. Banking: Strong understanding of banking products across retail and wholesale asset classes. Expertise on frameworks and methodologies used in one or more of the areas listed above; Advanced skills in quantification and validation of risk model parameters (E.g.: PD, LGD, EAD) for wholesale, SME and/or retail banking portfolios. Expertise in risk strategy design and supporting analytics for banking portfolios.

3. Capital Markets: Strong understanding of financial instruments/ products across equity, fixed income, derivatives and/or securitization space. Conceptual understanding or direct exposure to one or more of the following types of models: interest rate pricing models, equity and FX option pricing models, commodities, single and multifactor derivative pricing models, stochastic volatility models, etc.

4. Risk Regulation: In-depth understanding of new/ evolving regulations in the Risk management space. Strong understanding of risk regulatory framework of one more of the major economies across globe (i.e. US, UK, EU, etc.). Knowledge of CCAR, IFRS9/CECL, FRTB, Basel II/ III, Solvency etc.

5. Risk Modeling: Exposure to analytical techniques used for development and validation (conceptual foundation and technical merit) of wide range of risk and valuation models is required. Experience across different verticals in the risk analytics domain preferred. Experience in one or more of analytical tools such as SAS, R, SQL, Python, Prophet, Excel/ VBA, Matlab, C++, etc. Knowledge of tools/ vendor products such as Moody's Risk Calc/ Risk Frontier / Credit Edge, Bloomberg, Reuters, Murex, QRM, etc.

Other Requirements

1. Masters or PhD in a Quantitative discipline from a Tier I Institute

2. Strong academic credentials and publications, if applicable. Industry certifications such as FRM, PRM, CFA and good performance in competitive exam (CAT, CET, GRE, GMAT etc.) preferred

3. Excellent communication and interpersonal skills

4. Transferable work permit for countries like US, UK, etc. preferred.

5. Exposure to working in globally distributed workforce environment including offshore model

6. Experience in extracting, aggregating and structuring large volumes of data along different dimensions

7. Willingness to travel up to 25% - 50% of the time