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Student opportunities in Risk Advisory
In these rapidly evolving times, we’re defining the future. As well as helping clients to comply with changing laws and best practice, you’ll transform their businesses. It’s about understanding and anticipating the risks that come from uncertainty, whether that’s cyber threat, financial, operational, or a myriad of other risks. And offering innovative solutions that not only build resilience, but deliver a competitive advantage.
Why work in Risk Advisory?
You’ll work with, and learn from, brilliant people. People who disrupt how our clients traditionally respond to uncertainty in their business; who combine deep expertise and innovative digital technology across all areas of risk to help our clients drive better performance. And importantly people who care about the world around them and use their expertise to make an impact in society.
Join us and you’ll become a specialist in the issues that keep our clients awake at night. You’ll help bring new, innovative solutions and products to market and will be empowered to take responsibility for developing, delivering and running the future for your clients.
We work with major organisations across the corporate, financial and public sectors; from the largest household names to smaller clients in niche or emerging industries. We give you a huge breadth of career options, including opportunities to work on global client engagements with colleagues across the entire Deloitte network.
So many paths are open to you in Risk Advisory. You can choose to specialise in a broad range of business or technological competencies. Focus on joining interesting new teams and developing products and businesses from scratch... Whichever way you go, you’ll be nurtured and developed throughout your career.
Explore your Options:
What we do
Keeping our clients safe, secure and one step ahead means working on all kinds of challenging projects to mitigate the cyber risks they’re exposed to. We help them identify and protect their critical information and assets, and make intelligent decisions about their infrastructure, technology, processes and people. Ultimately, this about ensuring that they can not only survive disruption, but thrive in a competitive market.
We provide deep technical expertise to secure their organisation, from implementing advanced defensive technologies to trying to compromise their network to identify critical vulnerabilities. We tackle the business issues involved too. Such as compliance with new regulations and understanding which cyber threats could have the biggest impact.
All of this takes different types of knowledge and expertise, from the highly technical to pure strategic business thinking. The current shape of our business reflects this, with two distinct streams: Cyber Strategy and Transformation & Cyber Technical.
Whichever one you join, you’ll be part of a team that’s growing fast, as cyber security becomes ever-more pressing for all businesses, large and small. Four years ago, there were just 50 of us; we’re now 200-strong.
You don’t need a solid IT background for Cyber. In fact, our diversity is how we make a difference. We’re dedicated to developing talent. So, whatever your academic or professional background, you’ll soon get to understand what our clients need and become a specialist in your field.
Whether you join us on the technical or non-technical side, you’ll be among true innovators. Together, we’re constantly seeking new ways to solve complex problems and deliver more. For example, working on how to translate complex technical issues into more business friendly information. Developing a "red button" alert, so we can deliver instant support to clients in the event of a privacy or security breach. Finding better ways to define metrics. Leading the way with subscription-based managed services.
You’re sure to make a huge impact here, for your clients and your career, and for wider society too. You can help us train organisations in what it means to be cyber aware; work with non-profit organisations that teach young adults how to stay safe online; or become one of our many cyber security ambassadors, who’ve worked in schools and on government initiatives, such as Cyber First.
Compliance & Operational Risk
What we do
The Compliance & Operational Risk team offers clients a range of services to help them manage conduct of business, corporate governance and operational risk issues and to comply with regulatory requirements.
Deloitte has built a market leading team that supports top tier financial institutions in managing and implementing change, driven by new regulatory and strategic risk management objectives.
The team specialises in providing innovative advice and solutions whilst assisting clients with balancing the need for regulatory compliance with commercial considerations. We develop and implement RegTech solutions to supplement our client’s current risk management processes.
Your remit: We support top tier financial institutions, from retail banks to insurers and asset managers to investment banks. We often work with Chief Risk Officers, Chief Compliance Officers and Chief Operating Officers, to deliver risk management capabilities that are tailored to the individual characteristics of the client and the risk sophistication of the Board of Directors. We work across a range of functions within Financial Services firms from Front Office teams, Compliance departments, Senior Management and the Board of Directors.
An important part of your personal development is ensuring you take the opportunity to complete both internal and external training. The completion of training will help both your technical and soft skills. You will sit exams with the Chartered Institute for Securities and Investment (CISI) – Level 4 UK Regulation and Professional Integrity and Level 6 Regulation and Compliance – to attain technical knowledge. You will also have access to Deloitte wide-courses including innovation, solutions and sector-specific training.
Deloitte Managed Solutions
What we do
We specialise in the design, build and running of large scale managed services on behalf of our clients. Our delivery model combines strategic process re-engineering, operational management and the deployment of innovative technologies, such as intelligent automation, to support clients with some of their most significant business challenges.
Deloitte Managed Solutions
We work across multiple sectors and businesses in the UK, Europe and rest of world. Our clients are generally characterised as organisations who have a crisis, reputational, regulatory or business processing issue that they do not have the capacity, expertise, technology or processes to manage themselves. We run multiple engagements and some of our projects have teams of over 500 people.
Examples of the type of work we do include:
- large scale complaints and claims management in the FS sector;
- crisis and litigation related document review in the corporate sector,and;
- customer outreach and data breach response in the healthcare and life sciences sector
You’ll have the opportunity to work with some of the UK’s leading firms in this fast-paced and challenging area. The sheer diversity of roles here means you can create your own individual career path. Choose to run large-scale operations, for example, or become a specialist in an operational field e.g. Quality, Risk, Finance, PMO, or any number of options in between. We’ll support you all the way.
Extended Enterprise Risk Management (EERM)
What we do
The success of third party relationships is critical to our client and our Extended Enterprise Risk Management professionals help maximise the benefits gained from the relationships our clients have with various business partners. We help with identifying and managing the risks that come with contractual relationships, delivering tangible solutions across our four propositions: Third Party Advisory (TPA), Business Partner Assurance (BPA), Software License Compliance (SLC) and Software Asset Management (SAM).
Our people work across all sectors; from sports, pharmaceuticals to financial services, and with various stakeholders within the client’s third party businesses. These can include the Chief Information Officer, procurement teams, IT administrators and many others.
From using the latest technology to developing our own, to transforming the way that we work; innovation is critical to our business. You could be part of our dedicated EERM Innovation team when you join us. We’ve already developed unique in-house tools to automate our analytics, and we’re working with exciting technology companies on contract discovery technology to automate entire lifecycle processes. We’re also exploring how block chain, machine learning, automation and internet of things can become part of our daily business.
Working with us means all kinds of exciting opportunities and you’ll have the chance to work on projects across diverse industries, including technology, oil & gas, pharmaceuticals and the public sector. You’ll collaborate with senior people and key stakeholders in many different businesses and there will also be the opportunity to travel within the UK and internationally. Recent projects have taken our colleagues to Latin America, Asia Pacific and Africa. You’ll also have the chance to bring your voice to the table and help make change happen.
The EERM team, whilst being high performing where no two days are the same, values a healthy work-life balance, and provides ample opportunities. Social events are democratically selected and are well attended. We enable our people to constantly develop, both professionally and personally, through training, on the field experience, and exposure to different clients from day one. If you’re keen to branch out into different areas, we’ll help you get to wherever you want to go.
What we do promotes good governance behaviours, affecting how businesses operate and work with one another. Which means our people can feel great pride in being part of something that has such a positive impact.
Finance, Operations & Support (FO&S)
What we do
The role of the finance function is evolving; it is now more vital than ever to the success of corporate and public sector organisations. Much more than control and reporting, an effective finance function drives overall strategy and direction too, acting as a catalyst for positive change.
Our Finance, Operations and Support (FO&S) Team works with finance functions to support the CFO agenda. We provide our clients with the tools and resources to deliver Financial Reporting Excellence and Finance Function Improvement, enhancing the service they deliver to their business.
Our work is varied, impacting all aspects of the finance function. Our support often includes: finance process improvement; development of the future finance operating model; enhancement of management information; strengthening of financial planning, budgeting and forecasting processes; development of finance business partnering; finance skills and capability development; commercial support, including business case, investment appraisals, and entity structuring; and provision of technical accounting advice.
We work with a diverse range of clients, spanning the corporate and public sectors. Our corporate clients cover Consumer Business, Technology Media and Telecoms, Energy and Resources, and Lifesciences sectors, and range in size up to large UK and multi-national clients.
For example, over the past two years Deloitte has supported a FTSE 100 Software Company on its acquisition and integration of a US Software Business. FO&S has led the finance integration programme with support from the other Deloitte service lines. The programme has included a number of projects spanning programme management, reporting, risk management, policy harmonisation, and process mapping and improvement. The outcome has been the successful integration of the US business finance function into a single finance function supporting the new, enlarged group. This transaction has enabled FOS to capitalise on its capabilities across its three core areas of competence, Finance Resource Excellence, Finance Function Improvement and Finance Resource Centre. Over 70 staff members have worked on the programme since it began in the autumn of 2016.
The demands and expectations of the client require individuals to be proactive, dynamic and confident to face a challenging environment where no two days are the same. This has enabled the growth and development of a number of FOS members both on a personal and professional level, adding to their portfolio of experience.
The work we have successfully completed leaves Deloitte and FO&S in a strong position to continue to support this company as the emphasis moves to Finance Transformation.
Within FO&S, we also have a dedicated and growing Public Sector Team. This team is committed to providing expert support to enable Public Sector finance functions to effectively respond to the increasing demands, continuing change and financial challenges they face. Our clients span central government departments and their agencies, public healthcare, education, transport, and local government.
Using your expertise, and proven methodologies, you will diagnose the root cause of issues and identify the future direction for client finance functions, creating pragmatic, bespoke solutions and empowering them to enhance the value that finance brings to their organisation.
For example, you will help them to ensure that processes are automated and streamlined to enable greater focus on strategic and change driving activities; their finance professionals have the correct tools, skills and capabilities to effectively deliver their roles; and wider stakeholders recognise the value that an expert, committed finance function brings to the organisation.
Our work in FO&S is highly varied, both with regard to the range of clients we work with and the support we provide. You will gain experience and access to a variety of proven tools and methodologies, but no two projects will be the same. Throughout your career in FO&S you will be continually challenged, developing and growing as you face diverse client challenges, issues and stakeholders, working collaboratively with them to develop the right solutions for their organisation.
In FO&S we regularly form cross-service-line teams, which means you will often be working with experts across the firm, to solve the most complex client challenges. Examples include collaboration with risk analytics, enterprise risk management, restructuring and real estate colleagues.
Reputation, Crisis & Resilience
What we do
We advise and support clients at each stage of the crisis lifecycle to help them identify, assess, prevent, prepare, respond and recover from strategic risks, issues and incidents, and crises. Whether it’s a cyber-attack, natural disaster, product failure or other challenging issue, we’re there to advise senior leaders and help them minimise the impact on their reputation, strategy, commercial interests and bottom line.
Managing a complex issue or fast-moving crisis can be extremely challenging. Addressing what has gone wrong, looking after people who may have been affected, and dealing with the intense public scrutiny can stretch the most experienced of teams. At Deloitte we help manage issues before they escalate, and support effective responses should the worst-case scenario occur. This is what makes us different.
We support clients in a number of ways, such as by providing strategic advice to the senior team, evaluating potential scenarios and preparing contingency plans, guiding their crisis response, developing communication strategies to handle intense public and media scrutiny, or coordinating activities and work streams in the Crisis Management Office. We also provide clients with immediate access to experienced crisis management professionals via a dedicated 24/7 service.
We value innovative solutions and have developed a number of products to improve the way we support our clients such as the CrisisHub and CrisisSimulator. The Deloitte CrisisHub provides our clients with an intuitive, cloud based, crisis management hub of information, covering all the key facts, and supporting the critical decisions and actions required throughout a crisis - all managed via a single online tool, accessible anywhere in the world. Our CrisisSimulator enables us to replicate a 24-hour news site as well as a client’s own website and session or crisis simulation exercise. This secure platform allows clients to view the evolving external reaction to a crisis and see the consequences of their decisions played out in real time, for example seeing media and customer reactions to their crisis communications.
As a professional in this area, your impact will be huge as you’re there for clients when they need you most. As well as being a ‘first responder’ and supporting your clients through a crisis, you’ll also help them to be prepared for worst-case scenarios and avoid them where possible. So they are better able to protect their people and their business.
In other words, you’ll gain the hands-on experience and insight to provide practical advice on crisis preparedness, issues management, crisis communication and organisational resilience.
What we do
Storing, using, and interpreting data presents complex and challenging issues for our clients. We’re here to help them understand how, by improving how they manage and use their data, they can improve their business performance. We look at financial, operational, and commercial information, analysing and visualising it to provide insight and add value for our clients.
There’s no typical Risk Analytics client or project. Poor data is a problem that affects all organisations, regardless of size or business model, and leveraging data for insight and cost efficiency can be an opportunity for clients across all industries. This means that we work with clients of all kinds, from banks, insurers, and other major financial institutions, to high-street businesses, government institutions, and even professional sports teams.
Our teams are generally a mix of highly skilled technical people, such as data scientists, mathematicians, and academics, and non-technical specialists who have a deep industry knowledge, such as ex-traders, sportspeople, and industry leads – but don’t worry, you don’t need to be an expert at this stage!
This inter-disciplinary model ensures we’re able to deliver complex models and solutions, but also respond to the needs of specialised proposals. We’ll call in additional experts where necessary too. Which means you’re likely to meet and work with all kinds of inspiring, deeply knowledgeable people, throughout your career.
Key project areas:
- Information Management: Data Quality; Data Governance; Data Migration
- Data Science: Artificial Intelligence; Machine Learning; Robotics
- Analytics Insight: Visualisation; Operational Analytics; Regulatory Compliance
One of the fastest growing and highest performing areas of our business, Risk Analytics offers exceptional opportunities for your career. Many problems tackled here can be applied to clients across different industries, and the core skills you’ll develop are highly transferable. You’ll experience a huge variety of client and project types, and will be responsible for drawing out, refining and clearly articulating complex data stories and concepts to our clients. No prior data or coding experience is required, but there are opportunities to pursue specialised fields such as data science and artificial intelligence should you be interested.
Risk & Regulation
What we do
The regulatory landscape faced by the financial services industry has never been more complex. Confronted by a series of changes from national and international regulators, many of which overlap and interact in ways that are difficult to predict, many institutions are struggling to keep up, let alone strive for best practice.
We’re here to help. We’ve built a market leading team that supports top tier financial institutions in managing change. We work with the most senior level people and are often asked by our clients to help them strike the right balance between meeting regulatory requirements and running a commercially successful business.
They look to us to not just provide in-depth technical expertise and knowledge, but also to help them benchmark their own approach against their competitors and the expectations of regulators. This combination of exceptional technical ability and extensive industry knowledge is what enables us to really make a positive contribution.
Risk & Capital Management (RCM):
This team helps firms implement liquidity and capital reporting requirements; model counterparty, credit and market risks and implement new regulations and operating models.
Financial Risk Measurement (FRM):
Helps clients to develop, validate, execute, apply and audit risk models, combining technical insight with practical business knowledge. The team helps clients to design and implement effective credit risk modelling; risk adjusted pricing processes and stress testing methodologies.
You’ll have extensive opportunities to work with the largest and most influential financial services clients. Collaborating with different Deloitte teams, and international offices, you’ll provide exceptional services to those clients. You’ll get to explore how firms can best make use of technological innovation to enhance their risk and compliance processes, and develop your technical and personal skills within a highly motivated and enthusiastic team.
Robotics and Intelligent Automation
What we do
We specialise in designing, building and running large-scale managed services on behalf of our clients. Our delivery model combines strategic process re-engineering, operational management and the deployment of innovative technologies, such as robotic and intelligent automation, to support clients with some of their most significant business challenges.
We work across multiple sectors and businesses in the UK and internationally. Our clients are usually organisations who need our expertise to support with large scale operational and regulatory challenges. For example, we run and manage remediation and claims management programmes, litigation-related document reviews, and customer outreach and data breach response projects.
DMS – Robotics and Intelligent Automation
Within DMS is a growing team focused on Robotic and Intelligent Automation. This team specialises in applying pioneering technology, such as Robotic and Intelligent Automation (R&IA) and Artificial Intelligence, advising clients on their automation strategy, alongside designing, building and running robotics solutions on their behalf.
What makes us different in DMS? The scale and size of our engagements (some of our projects have teams of over 500 people), and the constant harnessing of innovative technology and working methods, to refine and enhance our client propositions.
- Using robotic tools such as (R&IA), machine learning, text analytics tools, etc.
- Collaborating with third parties e.g. software providers, resourcing firms, and real estate specialists to tailor our services.
- Deloitte Intelhub – using multiple media sources to track emerging issues in the UK and overseas that could impact our clients or the firm.
You’ll have the opportunity to work with some of the UK’s leading firms in this fast-paced and challenging area. The sheer diversity of roles here means you can create your own individual career path. Choose to run large-scale operations, for example, or become a solution architect, implementing cutting-edge technology solutions, or any number of options in between. We’ll support you all the way.
Strategic Regulatory & Operational Risk (SRO)
What we do
Managing risk, compliance, and establishing effective control is at the heart of good governance; it’s vital to sustaining superior business performance. We help businesses manage the risks and challenges they face every day, by designing, implementing and providing confidence and insight on their processes.
The SRO group delivers solutions in the following inter-connected areas:
Strategic and regulatory risk:
- Strategic risk management
- Sustainable business (assurance and advisory)
- Crisis preparation
- Live crisis response
- Regulatory compliance – assessment, design, implementation and assurance
Recent projects in Strategic and Regulatory Risk include working with a technology industry-disruptor to review and improve their existing compliance processes. This included working with the legal department to translate complicated requirements into understandable business objectives, the development of a practical Governance Handbook, and creating a focussed approach to training the business.
We also worked with a FTSE100 organisation, helping them ensure they had effective processes in place to mitigate risks, particularly in areas such as cyber risk, digitalisation and changing regulations.
Our sustainability work covers things like responsible business, human rights, health & safety, and gender pay gap advice, as well as environmental management and sustainability.
- Internal audit delivery – outsourced and co-sourced
- Internal audit advisory – transforming IA
- Change risk management
- Operational excellence/controls advisory
Recent projects include reviewing and advising improvements on the effectiveness of the Internal Audit function within a FTSE100 global Oil and Gas organisation, comparing this against leading practice and the International Standards for the Professional Practice of Internal Auditing.
We also helped a Technology, Media and Telecoms organisation design and implement a change management framework for a significant transformation programme they are running. This impacts their whole business, from back office finance systems right through to interactions with their customers.
Across the SRO business:
Running across these three key areas, we also develop and deliver Governance, Risk and Compliance (GRC) technology for our clients. Which means building an ecosystem of technology to support their governance, risk and control agenda.
And we have a dedicated team focused on regulatory horizon scanning: our Centre for Corporate Regulatory Insight. These are experts in looking ahead and developing innovative new services for clients, as well as providing insights.
We work with a broad range of clients. Key industries include health and life sciences, consumer and industrial products, telecommunications, media and technology, and energy & resources, as well as the public sector.
The opportunities here are vast. You’ll have exposure to clients from day one, working on client site and attending meetings. While the diversity of our client base, both in size and industry, means you’ll get to understand the inner workings and challenges faced by all kinds of organisations, including major global companies.
Project timescales range from a week to several months long, giving you plenty of variety, with opportunities to work with different people, including colleagues across the firm, in the UK and overseas.
Technology Digital Risk (TDR)
What we do
Technology and digital transformation is at the core of business strategy, enabling organisation’s to exploit competitive advantages and keep pace with market disruptors. As dependency on technology increases so does technology and digital risk, unless it is adequately managed. In Technology and Digital Risk (TDR) we help organisations to manage this risk, allowing them to make intelligent risk-based decisions over business processes, technology and digital operations.
The type of work we do includes:
- IT Internal Audit: As subject matter advisors or as part of the outsourced / co-sourced Internal Audit function, we help organisations evaluate and address risks related to information technology including applications, systems, networks and infrastructure.
- Third Party Assurance: We help organisations with addressing regulator and marketplace demand to manage third-party risk through our third-party readiness and attestation services.
- IT External Audit: We help organisations by delivering risk and control services related to IT, entity level, and business process controls.
- Analytics: We help organisations with exploring data to discover and analyse patterns, identify anomalies, profile, and reveal relationships from large sets of client data.
- Digital Risk: We help organisations take advantage of the benefits of innovative new technology, support their digital transformation and better manage their legacy technology through risk intelligent solutions, advisory and managed services.
- Program/Project Review: We help organisations review their technology project and program portfolio and provide senior stakeholders with an accurate, independent view on program status and health.
- Governance, Risk and Compliance: We help organisations assess, design and implement GRC systems for a broad range of risk areas including IT Risk, resilience, compliance, operational risk, third party risk management and Enterprise Risk Management.
We work with a broad range of clients, both private and public sector. From leading global financial services firms to the largest multi-national corporate businesses such as Telecoms providers, major Manufacturers, Retailers and Energy providers across the FTSE100 and FTSE250.
You’ll be joining a fast-growing and high-performing team of specialists at the cutting-edge of the technology and digital revolution. The diversity of our client base, both in size and industry type means that you’ll get unprecedented exposure to the inner workings and challenges faced by all kinds of organisations including major global companies.
You’ll become a technology and digital risk specialist and get the opportunity to develop your technical knowledge alongside softer skills to become a true ‘leader’. You don’t need to be a technology whizz-kid wizz-kid to join our team, but a passion for learning more about this area is key. We’re extremely proud of the diversity and varying backgrounds of individuals who make up our team.