Job Description

Programme

Summer Vacation Scheme

Career Path

Risk Advisory

Location

London

Start Date

June-2026


Programme Description

What does this team do?

Financial Risk is split into four teams:

Credit, Capital and Structuring:

We support banks and building societies to navigate important risk requirements, support them with changes in regulation, review their compliance and work with their in-house internal audit teams. We also help to obtain licences and support with transactions.

Front Office, Treasury & Reporting

: We help banks and financial institutions improve their front office, treasury, and reporting operations. This includes strengthening their risk management, improving efficiency, and ensuring they are compliant with regulations. We work with clients to set up better systems for pricing transactions, managing credit risk, and reporting on liquidity and capital. We also help them adapt to new regulations and business needs, focusing on things like keeping operations running smoothly, and controls over trading activities.

Credit Risk

Measurement

We help our clients to manage credit risk, as well as supporting with overall risk management. This involves working with clients on a range of different activities within the credit risk space, including regulation, and developing new models to determine risk. While the team mainly focuses on credit risk, we also have knowledge across other financial and non-financial areas of risks, including climate-related financial risk.

Traded & Quantitative Risk:

We help investment banks, commercial banks, and other financial firms manage their risks and capital. We build and check models that measure the market risk and the impact of borrowers not paying back loans. We also help them design, improve, and fix their risk models, apply for exceptions to regulations, and support with new regulation requirements.

What skills and academic qualifications do I need?

In our Strategy, Risk and Transactions Advisory teams, we look for people who are curious and eager to learn. If you ask questions, love problem solving and you're willing to get involved, this team could be right for you.

For Financial Risk, excluding Traded and Quantitative Risk:

You must be in the penultimate year of your course, or going onto a Master's, and you need to be on track to achieve a predicted degree classification of 2:1 or above in any discipline.

For Traded & Quantitative Risk:

You must be in the penultimate year of your course, or going onto a Master's degree and need to be on track to achieve a predicted degree classification of 2:1 or above in a Mathematics, Economics, Finance or Quantitative Finance related degree discipline.

What kind of work will I do?

Working in Financial Risk you will gain exposure across the risk and regulatory landscape, including Credit, Liquidity, Market, Counterparty, Model and Climate risk, as well as capital management and structural reform activities. As we engage with clients directly in projects, from implementing large-scale risk management and modelling frameworks across the financial risk lifecycle to developing strategic legal restructuring programmes, you will be able to gain invaluable client-facing experience every day while also being able to work on a wide range of different topics.



Our clients range from top-tier financial institutions, from global and boutique banks to insurers and investment managers, therefore you will also be able to build your own international network of Deloitte colleagues and clients. We have key projects based in the UK, Ireland, the Netherlands, and various other countries across Europe, where we also advise for, and work together with, the Deloitte member firms based there. We also have a growing portfolio of solutions and managed services that harness artificial intelligence, robotics, and digitization to do more for less, and more accurately, meaning that you will be able to get involved with our most innovative propositions and experience first-hand how Deloitte is at the forefront of change in the financial risk.

Where will I work?

At Deloitte we recognise how important face-to-face interaction is for your development in a new role. We also understand that our people need flexibility, which is why we operate a hybrid system, with a combination of office and home working. If you're in a client-facing role, you might be expected to attend client sites on certain days, while your meetings will be a mix of online and in-person events.

All our workspaces are accessible, however, if you require further flexibility due to a health condition or caring responsibilities, please discuss this with our team.

You can find further information on

our

parent and carer policies here.

How will I develop?

An important part of your personal development is ensuring you take advantage of the opportunities offered at Deloitte to enhance both your technical and soft skills. For SVS joiners, you will be offered continuous support throughout your internship and will be assigned your own personal Buddy and Line Manager, who will assist you in your development and training and answer any questions you may have over the course of your time with us.

Additional support and benefits information

We're a collaborative, inclusive firm and we want to help you to use your unique talents and perspectives in the workplace. From diversity networks to wellbeing and much more, we aim to support and reward you in the best way possible. Please use the links below to discover more about our processes, benefits, values and culture. You can learn more about the

full recruitment process here.

Do you have accessibility requirements or need reasonable adjustments for the interview or assessment process?

Find out how we can help

. Learn more about our

values, culture and purpose

as a firm. Want to hear from some of our people to inspire your future career? Check out our

Life at Deloitte page

. At Deloitte we value diversity, and we're committed to ensuring that our people thrive through a wide range of initiatives and diversity networks.

Discover more about inclusion and wellbeing.

We value our people and recognise their hard work. Learn about

the rewards and benefits

available at Deloitte.

Application Deadlines

Application deadlines

: The closing deadline for this role is Monday 27 October (10.00am BST), but we recommend getting your application in as soon as possible. Please note, some of our roles may close before the deadline if we experience high demand.

Assessment deadlines

: Once you've applied to this role, you'll receive an email from our recruitment team outlining next steps and the relevant deadlines for you to complete the following stages of our process.


We operate a strict one application per year policy across our Early Careers opportunities. We recommend only submitting an application for a role that you feel is right for you.

Visa Sponsorship:

Please note that this role does not qualify for visa sponsorship and therefore we're unable to progress applications from candidates who require skilled worker sponsorship.

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