Associate - Digital Risk

Qualifications

  • Graduate degree from a top university in computer science, engineering, physics, mathematics or business degree with specialization in technology management, industrial engineering or similar
  • Second degree (MBA, PhD) from a top institution is a strong advantage
  • Proven record of academic excellence
  • Exceptional analytical and quantitative problem-solving skills
  • Significant hands-on experience in data and/or risk process digitization
  • Practical knowledge in one of more of the key regulatory requirements for data in banking e.g., CCAR, BCBS 239, FRTB is an advantage but not a hard criteria
  • Ability to work collaboratively in a team environment
  • Ability to work effectively with people at all levels in an organization
  • Excellent English communication skills, ability to communicate complex ideas effectively – both verbally and in writing
  • Comfortable with extensive travel

Who You'll Work With

You will work with our Risk Practice in our New York office. This global practice supports clients in many different industries facing challenges of developing and implementing tailored concepts for risk recognition, measurement, and control.

Facing extreme volatility in financial and commodity markets, more and more of our clients are realizing that effective, risk-informed strategy can offer a major source of competitive advantage. We take a truly global, cross-sector, cross-functional view of risk issues, combining McKinsey's deep industry insight and strategic skills with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation.

Within our Digital Risk service line, our consultants share a passion for helping clients use technology to change industries, transform business models, and create competitive advantage. We advise some of the largest financial services institutions, including business such as retail banking, wholesale banking, asset management, insurance, and capital markets. Through a combination of technology-related and general consulting engagements, our consultants grow to become CEO counselors fluent in one of the most important strategic levers of today and tomorrow.

What You'll Do

You will assist client teams in any number of ways but with an initial emphasis on digital risk (both in data transformation programs and process transformation programs for risk) by being staffed full-time on one client study.

Your role will include gathering and analyzing information, formulating and testing hypotheses, and developing and communicating recommendations. You will also have the opportunity to present results to client management and implement recommendations in collaboration with client team members. You will be expected to contribute to knowledge development by helping define and expand distinctive risk-based methodologies to support top management-level strategic decisions.

Examples of projects include supporting clients through data management programs, including generating the overall business and investment case, the prioritization of business requirements, and designing data management transformation programs and supporting implementation through pilots. They may also include supporting data architecture solution development (e.g., defining virtualized data environments, high-performance data processing platforms, application of Hadoop in an enterprise context), supporting digital enablement and process digitization efforts in financial institutions across Risk types (e.g., Credit risk, Market risk, Operational risk, Compliance, Market and Liquidity risk), or supporting digital enablement across cross-cutting risk processes (e.g., Stress Testing, Risk reporting, Resolution Planning, Supervisory remediation and issue management etc.). Additionally, you may work on assessing and gaining insights into business, IT and risk and data functions of leading companies from a management perspective and/or supporting the development of key knowledge resources, codifying best practices and key decision points.

You will gain new skills and build on the strengths you bring to the firm. Consultants receive exceptional training as well as frequent coaching and mentoring from colleagues on their teams. This support includes a Partner from the practice assigned to you to help guide your career as well as several weeks of formal training in your first two years as an Associate.


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