Job Description

Basic information

Location

London

Business Line

Strategy, Risk & Transactions Advisory

Date published

16-May-2025

Req #

18481
Job description

Connect to your Industry

Machine Learning (ML) and Artificial Intelligence (AI) are rapidly transforming the way Financial Institutions (FIs) manage risk. While financial risk has traditionally been addressed through statistical models, the scale, complexity, and interconnectedness of modern financial markets are driving a shift towards highly data-driven, adaptive approaches.


ML and AI techniques are increasingly being applied across all major risk types -- including credit, market, liquidity, model, and operational risk -- to identify emerging risks, detect anomalies, forecast exposures, and support decision-making under uncertainty. At the same time, these technologies are introducing new types of model and systemic risks that require robust governance and validation frameworks.


As Financial Institutions seek to modernise their risk infrastructure, regulators are responding with evolving expectations around explainability, fairness, and accountability in the use of AI. This is creating strong demand for practitioners who can bridge the gap between advanced analytics and sound risk management practices -- combining technical excellence with an understanding of the regulatory and business context.

Connect to your career at Deloitte

Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.


What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we

lead the way

,

serve with integrity

,

take care of each other

,

foster inclusion

, and

collaborate for measurable impact

. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.

Connect to your opportunity

The ideal candidate is a recent graduate with a solid foundation in mathematics, statistics, and Python programming--particularly in the context of machine learning and data science. Exposure to generative AI is a bonus. They should be comfortable developing production-quality code, while also remaining flexible enough to participate in more conventional market risk engagements (e.g., model validation, risk analytics, or methodology reviews) that require quantitative thinking and problem-solving. Strong written and verbal communication skills, plus the ability to manage tight deadlines in a client-driven environment, are essential. They must have a mindset conducive to rigorous testing and validation, be open to learning new tools and techniques, and collaborate well with both technical teams and non-technical stakeholders. While prior experience in financial services is not mandatory, the successful candidate should demonstrate a genuine interest in quantitative finance and financial risk--particularly market risk--and show enthusiasm for growing their skills in a fast-paced, consulting-focused setting.



Assist designing, building, and validating AI/ML models to address various risk areas (e.g., credit, market, model), ensuring they meet regulatory and internal standards. Analyse relevant financial regulations (e.g., FRTB, IRRBB, model risk management), identify gaps in client processes, and propose/implement practical, technically robust solutions to address them. Translate high-level business requirements into technical specifications; write, test, and deploy Python code for analytical models and automation. Write robust and reliable Python code for ad-hoc data analysis, being able to analyse and present findings quickly and concisely. Gather, clean, and process large datasets for use in predictive and descriptive analytics; maintain data pipelines and troubleshoot data quality issues. Work with client teams (e.g., model risk, compliance, IT) to interpret requirements, define project scope, and develop viable solutions. Present findings, models, and recommendations clearly to both technical and non-technical audiences, producing documentation where needed. Stay informed of evolving regulations and best practices around AI/ML in financial services (e.g. SS1/23); incorporate regulatory requirements into model design and governance. Monitor model performance, identify areas for enhancement, and keep abreast of industry developments (including emerging topics such as GenAI). Own end-to-end tasks, ensuring on-time delivery while maintaining high quality and adhering to internal review processes.

Connect to your skills and professional experience

Essential:


Bachelor's or Master's degree in Data Science, Mathematics, Statistics, Computer Science, or a related quantitative field. Proven competence in Python programming, with demonstrable experience in data handling, analysis, and implementing ML/AI algorithms. Excellent written and verbal skills, capable of explaining technical concepts to non-technical stakeholders and documenting project work clearly. Enthusiasm for quantitative finance and market risk, with a willingness to learn relevant regulatory frameworks.




Desirable:


Familiarity with Generative AI techniques (e.g., RAG, agentic workflows) and their application to real-world problems. Experience using libraries/frameworks for large-scale data processing or cloud-based solutions (e.g., Spark, AWS, Azure). Awareness of key regulations (e.g., FRTB, IRRBB, Basel requirements) and model risk management best practices.

Connect to your business - Strategy, Risk & Transactions Advisory

In an ever-evolving world, there are no certainties in business. Our teams help clients to navigate risks, process major transactions and deliver transformational change that will future-proof their business. Join us to make a positive difference.

Regulatory & Financial Risk

We provide advisory services across the risk and regulatory landscape to help our clients move beyond simply meeting the minimum compliance standards, to strategically creating a responsible, sustainable future. This includes providing critical insight and advice on the future of regulation to assist our clients in anticipating change and responding with confidence.

Personal independence

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

"At Deloitte you're surrounded by subject matter experts; industry experts, technology experts, and you can access that knowledge whenever you need to."


Christian, Risk Advisory
"I have two young children and it's important to me that I'm able to spend quality time with them. The flexibility Deloitte gives allows me to make the time to do the school run once a week and go to events at school such as sports day and parents evening."


Gurpal, Risk Advisory
"For me it's the people that make it. They are bright, supportive, interesting; we work brilliantly together as a team. But it's not just that, the number of opportunities you get working for such a large firm is amazing."


Jess, Risk Advisory

Our hybrid working policy

You'll be based in London with hybrid working. Our hybrid model enables our people to collaborate, connect and innovate in both a virtual and physical capacity. As well as remote working, you'll attend your local office, virtual collaboration spaces and client sites, depending on the requirements of the role.


At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.

Our commitment to you

Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.


We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for.


Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.

Connect to your next step

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you'll experience a purpose you can believe in and an impact you can see. You'll be free to bring your true self to work every day. And you'll never stop growing, whatever your level.


Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers


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