Life at Deloitte

Risk and Regulation

Student opportunities in Risk Advisory

Deloitte’s Risk & Regulation (R&R) group provides innovative advice and solutions to financial services firms facing regulatory and compliance issues. In addition the group is well-versed in steering regulations to the best advantage of our clients, which often ask us to help strike the right balance between FSA compliance and making a profit.

Deloitte has built a market leading team across Financial Services Risk Advisory that supports top tier financial institutions in managing and implementing change driven by new regulation and strategic risk management objectives. The Risk & Regulation group specialises in providing innovative advice and solutions whilst assisting clients with balancing the need for regulatory compliance with commercial considerations.

The broad range of clients and services provide graduates with opportunities to gain valuable experience that can accelerate learning and development.

The group consists of three core teams:

  • Financial Risk Measurement (FRM);
  • Risk & Capital Management (RCM);
  • Compliance & Operational Risk (C&ORC)

Financial Risk Measurement

The Financial Risk Measurement (FRM) team specialises in the quantification of financial risks (credit, market, liquidity and operational) as well as complex derivatives valuations. The team also advises clients on risk management strategies and processes ranging from risk appetite, stress testing and capital optimisation to credit and risk processes.

Working with Chief Risk Officers, Chief Finance Directors and Chief Operating Officers, the team delivers risk management capabilities that are tailored to the individual characteristics of its clients and the risk sophistication of the Board of Directors.

Risk & Capital Management

The Risk & Capital Management (RCM) team works in a variety of areas across the risk and regulatory landscape including credit, liquidity, market and counterparty risk, as well as capital management and structural reform activities. On a daily basis, the team works directly with our clients on a range of projects ranging from implementing a large scale risk management framework, to evaluating current risk procedures, to developing a strategic legal restructuring program.

Compliance & Operational Risk

The Compliance & Operational Risk (C&OR) team offers clients a range of services designed to help them manage conduct of business, corporate governance, operational risk and financial crime issues and to comply with regulatory requirements in those areas. The types of projects the team undertakes include target operating model (TOM) design and implementation, compliance and operational risk assessments, governance framework reviews and regulatory investigations.

The team regularly works across a range of functions within financial services firms from Front Office traders through to Compliance departments, Senior Management and the Board of Directors.

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What you'll be doing

Since rules are continually updated in response to new products and techniques, our R&R team acts as a valuable mediator between our clients and the regulator. We help decipher an often intimidating mass of regulation so clients can adopt FSA requirements, conducting investigations and helping firms manage large projects.

The Group has built up an excellent reputation in how to use and apply regulations to our client’s best advantage. We are often asked by our clients to help them strike the right balance in complying with the FSA’s rules as well as making a profit.

Clients are keen to enlist Risk & Regulation's help so that they can realise the impact of new regulations in as short a time as possible. If they are successful in this, then they will be operating more efficiently than their competitors.

What services will you be working on?

  • Strategic reviews of organisations and structures
  • Regulatory reviews to help firms benchmark against competitors
  • Board-level presentations on corporate and personal risks
  • Investigating problems, proposing solutions and implementing change

The regulatory world is always changing as the FSA introduces new rules. As well as the FSA, in the UK financial services firms are also subject to European Union directives and initiatives including the Market Abuse Directive and the Market in Financial Instruments Directive (MiFID). Some of the challenges regulated firms are facing at the moment include the FSA’s principles-based regulation, Treating Customers Fairly (TCF), and financial crime.

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