risk modeling & validation consultant @thessaloniki

Financial institutions are facing unprecedented regulatory change, with numerous complex initiatives and overlapping requirements.

To help clients navigate this, Deloitte has built a market-leading Financial Risk Measurement team, specialising in the design, development, implementation and validation of credit and market risk models. We support institutions across the full Model Risk Management lifecycle, advising on how to create value while meeting regulatory expectations.

In response to growing demand, we are seeking new colleagues to strengthen our team and drive forward the model development and risk management agenda. Successful applicants will gain exceptional opportunities to build expertise in risk modelling and validation, working on diverse projects for leading financial institutions across Europe and beyond.

#AboutYourRole

As a Consultant in our Risk Advisory department, you will play a pivotal role in supporting our clients in identifying, assessing, and managing risks that may impact their business objectives. This role offers a unique opportunity to work on diverse projects, collaborating with cross-functional teams and leveraging your expertise to deliver value-added insights.

You will work collaboratively with the wider Financial Risk Measurement team and our clients. The role requires flexibility to tackle a wide range of tasks:

• Contribute to all aspects of credit and traded risk model development and deployment including design, coding, testing, validation and review. The most common types of credit risk models worked on by the team are operational scorecards, IRB capital models for Pillar 1 Credit Risk, IFRS 9 impairment models, forecasting models and stress testing models.

• Help deliver projects to evaluate, design and implement policies, procedures and strategies to effectively deploy and execute risk models and processes, consistent with regulatory requirements and/or market practice across credit risk model delivery.

• Perform reviews of risk model deployment and execution frameworks, including gathering business requirements, assessing conceptual designs, examining governance and controls, and testing outcomes.

• Help the team expand its range of services and solutions in the market place, considering operations, analytics and target operating model considerations for clients, plus how to deliver with third party providers.

• Keep up to date with academic, technical and industry developments in the field of credit and traded risk management, deployment and implementation.

• Applicants will need to be able to review large volumes of information quickly and efficiently in order to identify and disseminate the key points in a coherent manner.

Applicants should be also committed to building long-term professional relationships with clients and key stakeholders, working with our senior management team to develop industry contacts. Candidates should also share our firm’s commitment to creating and maintaining a respectful and inclusive culture.

#OurRequirements

Key Qualifications

• Academic background in a quantitative field such as Business Engineering, Civil Engineering, Financial Engineering, Mathematics, Physics, Risk Management, or Banking & Finance (Master’s degree or professional qualification such as PRMIA, GARP, CFA is an advantage).

• Solid knowledge of stochastic calculus, financial mathematics, and risk modelling (e.g., derivatives pricing, market/credit risk, quantitative finance applications).Experience in Financial Maths (ex. Derivatives, pricing, risk modelling etc.)

• Strong technical and programming skills (e.g., Python, R, SQL, SAS), with excellent statistical knowledge and proficiency in Microsoft Office (Word, Excel, PowerPoint).

• Interest and motivation in Banking & Finance with eagerness to learn financial regulations and accounting standards (e.g., Basel II/III, IFRS 9, risk parameters, standardized vs. advanced approaches).

• Proficient in English, with strong oral and written communication skills; able to explain complex technical concepts to both technical and non-technical audiences.

• Good presentation and interpersonal skills, confident in client interactions and capable of influencing stakeholders.

• A strong work ethic, high personal standards, and a professional and personable demeanor.

• Ability to work independently and proactively, while also collaborating effectively within teams to meet challenging deadlines.

• Demonstrated motivation, adaptability, and problem-solving skills in dynamic environments.

If you're ready to take your career to the next level in a challenging international environment, focusing on continuous learning and dynamic teamwork, both in Greece and abroad, you're ready for Deloitte!

#WhatWeOffer

At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits:

🏠 Modern hybrid workplace, characterized by flexibility and Smart Working

⚖ Empowered well-being: We provide multiple program offerings to support your well-being needs (flexible working arrangements, extra days of leave, parental allowances)

🌍 Engagement within international large-scale teams and projects, with opportunities to travel for training or client purposes.

📚 Constant opportunities for learning with unlimited access to internal and external learning platforms and sponsored certificates aligned with business needs and technology trends

🚀 Challenging and innovating environment where personal development and growth are encouraged, always with transparency and trust

? Diverse culture and active communities that enable you to bring yourself to work

🎉 Team Building and Corporate Social Responsibility Activities

🏃 A buddy to support you with your onboarding

🌴 Extra days of annual leave

⚕ Private medical health insurance plan

💳 Ticket restaurant card

? Exclusive Discounts to several retail providers, restaurants and others

📱 Mobile phone

🍏 Fresh fruits and unlimited coffee everyday at our offices

Please note that all the well-being benefits mentioned above are subject to annual review.