Regulatory Consultant (Retail Banking) - Manager
Accenture 5,911 reviews - London

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Role: Regulatory Consultant Manager (Retail Banking)

Grade: Manager

Role close: 01/03/2013

Accenture Management Consulting: Risk Management

Accenture's Risk Management team provides Management Consultancy and delivery capabilities to the top global financial institutions. Our proposition is to deliver both "Thought Leadership" and delivery excellence through our industry specific specialist skills and expertise in delivering change across complex businesses.

In an environment where our clients are looking to understand complex new regulations, we are helping our C-Suite partners tackle the highest value creating challenges whilst delivering sustainable platforms and deep rooted change. The industry leading regulatory bodies have been working to re-design the underpinning frameworks and structures that form the basis of all financial regulation. As a result, our senior level Financial Services clients see the emerging regulatory landscape as a strategic input into their future shape and operating models.

Accenture is seeking to build a strong team who have the skills to continue building a high performance practice, and the drive to help our clients reinvent their businesses to be more profitable and sustainable in an environment where Risk Management is looking at value creation and business optimisation as well as addressing regulatory pressures.

As part of the Risk Management team you will be helping to act as an industry driving catalyst for change amongst the highest performing and most innovative parts of the Financial Services industry.

The Role

Accenture is looking to fill manager level positions within the Management Consulting Risk Management team with opportunities for rapid career progression.

Candidates for the Regulatory Consultant Manager position must have an excellent understanding of the challenges within Retail/Corporate Banking specifically related to Risk Management and be able to apply these skills within a consulting environment. As a manager, candidates will be required to support sales activities, shape projects and deliverables and lead delivery teams within a client environment.

As part of Accenture's Risk Management practice, candidates are expected to have had proven experience in working in a delivery and change environment and have an appreciation of the challenges within delivery Risk change projects.

Successful candidates will work across a wide range of consulting engagements within Retail/Corporate banking and other areas of the Financial Services industry. Candidates will primarily be working within delivery roles, helping to execute projects at Accenture's Risk clients and will be required to bring experience of delivering successfully within complex projects.

For this specific role Accenture is looking for candidates that:

Have an excellent knowledge of how Retail/Corporate Banks operate and generate business including the current challenges within Risk Management.

Are credible in working on client change projects with the requisite leadership and stakeholder engagement skills that can immediately be used on client facing work.

Have in depth specialist knowledge in one or more of the following regulatory areas: Basel 3, CRD4, Conduct of Business (e.g. PPI, Libor, IRS Mis-selling, RDR etc.).

Required Core and Specialist Skills

Candidates looking to apply for the role of Regulatory Consultant Manager will need to demonstrate a set of Core and Specialist skills. The characteristics and skills of suitable candidates are illustrated below:

Specialist Skills

Deep Retail/Corporate Banking Markets Expertise

5-8 years' experience working within the sector with experience in managing the key drivers for change in Retail/Corporate Banking in the current economic and political environment.

In depth knowledge and understanding of how Retail or Corporate Banks operate and make money. This must include operating models, processes, products, departments, roles and culture.

A good understanding of multiple Retail/Corporate banking products and services and the types of risk associated with each of these them. Candidates must be able to understand how risk is measured and managed as well as the specific regulatory nuances specific to different products/asset classes.

Knowledge and understanding of how the different types of organisations in the Financial Services industry interact and function. This must include not just the banks and other financial institutions but also public bodies such as the FSA and BoE.

Understanding of the relationship across the different entities, departments and processes within a Bank, specifically those involved with Risk Management business processes. This should include the interactions an impact on Treasury and Finance.

Ability to Lead Delivery Of Change Within Retail/Corporate Banking

A deep understanding of the impact of the recent and on-going financial crisis and the impact on organisations within Banking. This must include the impact on regulation and the multiple mechanisms being employed by regulatory bodies.

Be able to demonstrate hands on experience of managing the key challenges driving the change strategy agenda within Retail/Corporate Banking. This should include the impacts on processes, operating models, data management and business/technology changes.

Ability to articulate clearly the impact of the cost of capital and tighter discretionary spend available for programs in tackling multiple areas of change.

Have a proven track record of delivering change initiatives within Risk by leading teams that have delivered within a complex banking environment.

Management of Regulatory Change within Retail/Corporate Banking

A good understanding of the key political and economic drivers influencing the Regulatory environment across Banking.

An understanding of the key requirements in at least one of the following Regulations: Basel III/CRDIV, Conduct of Business Regulation (e.g. PPI, Libor, IRS Mis-selling, RDR etc.) and Risk/Financial Reporting.

A good understanding how compliance with a given regulation will impact the business model of financial institutions and how multiple facets of regulation overlap with each other.

A deep understanding of the key regulatory and statutory reporting requirements of a Risk function and the impact of this on a banks' risk architecture. Candidates should have an understanding of the types of reporting requirements, how these reports are used to drive decisions as well as the downstream requirements that underpin a risk reporting framework.

Understand the challenges within managing, measuring and mitigating credit, market, operational, fraud and conduct risk factors within a Bank. Candidates should have an appreciation of the underlying strategies and systems that can be put in place in order to manage these risks.

Core Skills and Attributes

Delivering Change and Transformation

Experience of having led change and transformation projects with a proven track record of successful delivery. Candidates must be able to demonstrate shaping the deliverables of the project and clear ownership and accountability for delivery.

Ability to demonstrate the administration and day to day running of project/programme management including an understanding of the complete project lifecycle and challenges of scale and people management (e.g. RAIDs, plans, resource management).

Working with Clients and Team Working

Able to demonstrate relationship development within client teams and having the appropriate experience and knowledge to operate successfully with client SMEs and project managers. Candidates must be able to demonstrate leadership of project teams specifically with shaping the work of others, and building a well balanced team.

Having the appropriate knowledge, presence, assertiveness and stakeholder management skills in order to engage and work alongside client executives such as divisional CRO's and CFO's within a Bank. Candidates must be able to give evidence of having worked with senior level clients and demonstrate the depth of knowledge required to do so.

Credibility and Ability to Deliver Under Pressure

Have the appropriate knowledge, assertiveness and client skills in order to engage with client Heads of Functions.

Able to demonstrate leadership within a team that is under pressure and have a proven ability to cope under stress with tight deadlines and challenging constraints.

Critical Thinking, Dynamic Communication and Structured Reasoning

Proven ability to distil key facts from multiple sources where there is either too much or too little information and appropriately convey a structured approach for a team to deliver towards.

Ability synthesise appropriate ideas and actions to move forwards and demonstrate the skills of communicating this in a succinct, clear and structured manner.

Able to demonstrate the key skills required in identifying challenges within a business and working with clients in articulating them through clear written or verbal communication.

Ability to facilitate discussions, analysis processes, de-construction problems, prioritise issues and categorise challenges within a client project environment.

As Accenture's Risk Management practice is rapidly growing, we are looking for candidates across a number of key Risk Management specialist skill areas. Candidates must be able to demonstrate a deep understanding in at least one of these areas and an appreciation across several of them.


Consulting Responsibilities

As a manager within the Accenture Risk Management team, candidates will primarily be responsible for delivering high performance solutions to Accenture's clients. Successful candidates will be required to work independently with minimal supervision whilst leading teams in client engagements. As part of the Accenture executive team, managers are also responsible for supporting opportunity development, creation of additional Accenture value propositions and playing an active role in growing the skills and expertise within the practice.

Typically, candidates will be expected to be flexible in terms of travel arrangements with a significant amount of client facing time. The 4 key areas of responsibilities that candidates must be able to meet are detailed below.


Project Ownership and Delivery Within Financial Services Change Projects

Leading project teams through each phase of the delivery lifecycle with experience of working within blended teams (Client/Contractors/Multiple Service Providers).

Building and heading teams to define business solutions that may include defining business architecture, process re-design and delivery activities whilst driving the development of improved capabilities for clients.

Ensuring clear project traceability from business case and requirements definition through to delivery and implementation. Leading teams in working with clients to prioritise delivery milestones based on resources, client needs, dependencies and delivery timelines.

Understanding the financial underpinnings of running a project with management of project budgets and margins.

Leading business analyst activities such as "gap analysis" with clients in order to articulate areas for improvement within their business and to highlight opportunities within their business.

Structuring and leading teams in facilitation of client focus groups and workshops across multiple phases of the project delivery lifecycle.

Leading multidisciplinary teams across both business and technology to execute project deliverables to schedule and performance goals.


Working with Clients and Building Relationships

Be able to demonstrate credibility to work alongside/with client head of functions and c-suite executives.

Developing trusted relationships with clients, target clients and internal experts as part of project delivery.

Understanding and representing of Accenture's Risk Management proposition with clients and acting as a trusted partner.

Leading teams in understanding of our clients' business and challenges and structuring activities aimed at identifying solutions for their business needs within the Accenture Risk Management team.

ยง Building high performance teams with mixed client and Accenture resources and helping to establish working relationships within a team environment.


Supporting Sales Opportunities

Shaping and creation of business opportunities that are aligned with client agendas and creating value driven sales propositions for Accenture's key clients.

Supporting the development compelling business cases and responses to new business opportunities and requests for proposals within proposal response teams.

Helping to lead opportunity development campaigns that build upon Accenture's management consultancy and delivery capabilities as part of the Risk Management team.


Building Part of Accenture's Risk Management Capability

Helping to drive and create "Thought Leadership" assets and participating in Communities of Practice within Accenture as part of specialist teams that meet specific client challenges.

Support the building of Accenture's Risk Management department through people development and mentoring of more junior team members.

Helping to build Accenture assets and accelerators that can be used to enhance Accenture's current Risk Management market offerings.

Helping to deliver on Accenture's delivery capability in the key areas of: Strategy and Governance, Process Excellence and Integration, Regulatory Reform and Performance Insight and Execution.

About Accenture

Accenture is a global Management Consulting, Technology Services and Outsourcing company, with more than 257,000 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. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is


"Accenture is an equal opportunities employer and welcomes applications from all sections of society and does not discriminate on grounds of race, religion or belief, ethnic or national origin, disability, age, citizenship, marital, domestic or civil partnership status, sexual orientation, or gender identity."

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