Senior Consultant - Financial Services Risk Management (Operational Risks)
EY · Lisbon
The Opportunity
EY Financial Services teams (“FSO”) have been at the forefront of every event that has reshaped and redefined the financial services industry. The Financial Services Risk Management (FSRM) practice offers a combination of regulatory, risk management, governance and technology capabilities, supported by deep industry expertise.
As a Senior Consultant, you will work with leading financial institutions across a broad range of Non-Financial Risk topics. You will support clients in strengthening their governance, risk and control frameworks, helping them address evolving regulatory requirements and emerging risks. This role offers exposure to strategic and operational projects across banking, capital markets, asset management and insurance sectors.
Your Key Responsibilities
- Support the delivery of Operational Risk engagements for financial institutions, ensuring effective identification, assessment, monitoring and mitigation of operational risks;
- Assist clients in designing, reviewing and enhancing operational risk frameworks, governance structures, policies and control environments;
- Conduct Risk and Control Self-Assessments (RCSAs), process walkthroughs and control testing activities;
- Support the identification, assessment and remediation of operational risk events, incidents and control deficiencies;
- Develop and monitor Key Risk Indicators (KRIs) and risk reporting to support management decision-making;
- Support clients in strengthening their internal control frameworks and operational resilience capabilities;
- Perform operational risk reviews, gap assessments and remediation exercises aligned with regulatory expectations and industry best practices;
- Analyze operational risk data, loss events and management information to identify trends, root causes and emerging risks;
- Support regulatory and internal audit engagements related to operational risk management;
- Collaborate with stakeholders across risk, compliance, internal audit and business functions to strengthen risk culture and control awareness;
- Contribute to business development initiatives and the growth of the Operational Risk practice.
Skills and Attributes for Success
- Strong understanding of Operational Risk Management principles and frameworks;
- Knowledge of risk and control assessments, incident management and risk reporting methodologies;
- Experience with internal controls, governance and operational resilience concepts;
- Strong analytical and problem-solving skills, including root cause analysis;
- Ability to translate risk requirements into practical business solutions;
- Excellent communication and stakeholder management skills.
To Qualify for the Role, You Must Have
- 3+ years of experience in Operational Risk, Internal Controls, Internal Audit, Risk Management or Governance within financial services;
- Practical experience conducting RCSAs, control assessments, risk reporting or incident management activities;
- Understanding of operational risk frameworks and regulatory expectations applicable to financial institutions;
- Experience in consulting, advisory or financial institutions is highly valued;
- Fluent written and verbal communication skills in Portuguese and English.
Ideally, You'll Also Have
- Experience with Operational Resilience, Business Continuity Management (BCM) or Enterprise Risk Management (ERM);
- Knowledge of operational risk regulatory requirements from the EBA, ECB and Banco de Portugal;
- Experience developing KRIs, risk appetites or management reporting frameworks;
- Professional certifications such as ORM, CRISC, CIA, ICA ou FRM.
What working at EY offers
EY offers a competitive remuneration package commensurate with your work experience. Plus, we offer:
- Support, coaching and feedback from some of the most engaging colleagues around;
- Opportunities to develop new skills and progress your career;
- The freedom and flexibility to handle your role in a way that’s right for you.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
EY | Shape the future with confidence
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
At EY, we're committed to providing recruitment and career opportunities to all, regardless of gender, sexual orientation, social background or disability. We believe that equality and diversity are central to our recruitment process, as they enhance creativity and efficiency, leading to improved performance and productivity. In line with this commitment, EY Portugal recently became a member of the Inclusive Community Forum. This initiative, led by Nova SBE, focuses on the recruitment of individuals with disabilities, advocating for a more inclusive community. Moreover, EY Portugal has also endorsed the Diversity Charter of APPDI (the Portuguese Association for Diversity and Inclusion), pledging to establish and develop internal policies and practices which support diversity. Through these initiatives, EY seeks to actively contribute to the inclusion process, and promote a more inclusive community for people with disabilities, by actively participating in creating solutions.
Join us in building a better working world. Apply now!
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