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Senior Consultant – Business Transformation (Banking And Capital Markets)

  • Job Ref: 9029
  • New York
  • Consulting

The company is a trusted business advisory firm that provides customized finance, accounting, human capital management, risk, operations, and technology consulting services to leading organizations facing complex change. We partner with our clients to help them navigate pressing business challenges and achieve goals related to improving operations, minimizing risks, and enabling future growth.

We are currently seeking a Senior Consultant to assist in developing and growing the Business Transformation practice in the NYC market with a primary focus on providing services in the Banking and Capital Markets space. In this role, you will have the opportunity to provide various services including (but not limited to):

Evaluate and enhance our clients’ capital markets businesses by modernizing their operating model, processes and architecture, dealing with new business priorities or regulatory change, adjusting their long-term business outlook, etc.

Work across our clients’ front, middle and back offices as well as corporate functions (e.g., Finance, Risk) or at the industry level to drive performance improvement across sell-side, buy-side and market infrastructure participants in the capital markets

Process improvement, process automation and operating model design; data management and model optimization

Program Management for large transformation programs impacting front-to-back with multiple workstreams, by identifying risks, managing clients’ expectations, and ensuring program execution within deadlines and budget

Competitor benchmarking, cost transformation, customer and product innovation, and growth strategy development

Using a combination of direct management and hands-on delivery, you will craft solutions for clients, guide and oversee the quality of your team’s deliverables and recommendations, and manage day-to-day stakeholder relationships

Working with high-performing teams to analyze, evaluate and enhance our clients’ capital markets businesses, including processes, governance, data and technologies

Interface with clients at all levels of an organization to help them solve their most challenging questions and support the Capital Markets practice in developing new offerings and thought leadership to take to market, enhancing our capabilities and services

Strong understanding of how capital markets firms operate across the trade life cycle (e.g., derivatives, securities) and corporate functions (e.g., product control, finance & regulator reporting, market/credit risk, compliance, etc.); and tools that are used across front, middle and back office such as Murex. Understanding of risk models and model validation process is a plus

Conduct current state/future state gap analysis for individual business areas • Develop business process flows using standard flowcharting methodology in tools such as Microsoft Visio

Conduct requirements gathering/scoping sessions with clients, and provide all necessary documents (e.g. Meeting notes, Business Requirements Documentation, Functional Specifications, etc.)

Develop report specifications showing data fields required, where sourced and any formulas or algorithms required to produce report

Drive project management activities including status reporting or maintain RAID logs, and able to conduct scrum meetings for defect / development management

Create system test plans and perform testing, being familiar with testing tools such as JIRA

Assist clients in defining and performing user acceptance tests and ensure functionality matches user requirements

Provide insight to clients’ teams in industry leading practices

Assist with training and other change management activities, including development of materials/communications

Support leadership team on internal projects, including but not limited to the following: sales/marketing initiatives, recruiting, and organizational development

Bachelor’s degree (or higher) in Accounting, Business, Finance, Information Systems, Information Technology, or other technical discipline

3+ years in Big Four or equivalent background working at a financial services company or comparable experience working as an advisor to a financial services organization

Familiar with a range of financial products, including derivatives, equities, and fixed income; foreign exchange; and commodities

Knowledge of industries, including investment banking, broker-dealers, custody, fund administration and investment management

Strong understanding of capital markets across the trade and client life cycle; and typical systems and downstream processes (Risk, Finance, Compliance)

Background in either finance optimization, operations improvement, business process improvement, change management, program/project management, acquisition and divestiture implementation and/or regulatory compliance