Prudential Regulation & Risk Management - Junior Consultant

Forvis Mazars, a leading global professional services network, offers audit, assurance, tax, and advisory services. The UK office spans 14 locations with 3,400 professionals. We support a collaborative, inclusive environment where talent can grow quickly.

Overview of the Team / Business Unit

The Financial Services Consulting business unit provides a range of risk and regulatory compliance services to banks, insurers, investment firms and payment institutions. We will recruit a Junior Consultant to join the Prudential Regulation & Risk Management Practice, supporting risk‑management frameworks, prudential compliance and regulatory technology initiatives for FS clients.

Typical engagements in the Practice include:

• Reviewing and refining clients’ ICAAP, ILAAP, ICARA, wind‑down and recovery plans.
• Responding to clients’ queries on the interpretation and implementation of prudential rules.
• Reviewing COREP, FINREP, PRA 110, MIF and other regulatory returns.
• Supporting the effectiveness of regulatory change projects.
• Supporting assurance on clients’ processing of regulatory data.
• Reviewing firms’ prudential risk‑management capabilities – including policies, procedures, risk identification, measurement, monitoring and reporting.
• Providing internal audit subject‑matter expertise.

Role & Responsibilities

The Consultant supports the team across the project lifecycle – from sales and business development, through planning and fieldwork to final deliverables. Key responsibilities:

• Work as part of small‑ and large‑sized multidisciplinary engagement teams.
• Gather and analyse information, perform gap analysis and recommend improvements.
• Draft client‑specific conclusions and recommendations.
• Support Engagement Managers in delivery management including monitoring status, escalating issues and reviewing work.
• Develop client relationships and contribute to engagement conversions.
• Support product‑offering development and technical proposals.
• Assist with internal projects, research and publications.
• Coach and develop junior team members.

What we are looking for

• 2‑3 years of experience in risk, control or prudential reporting – in the FS industry, a consulting firm or a regulator.
• Good understanding of Corporate & Investment Banking, Wholesale & Retail Banking, and Investment Services.
• Experience reviewing business processes, governance, control frameworks and IT infrastructures.
• Knowledge of the UK prudential framework – PRA Rulebook, Supervisory Statements, FCA Handbook, Basel 3.1.
• Experience with ICAAP, ILAAP, ICARA, COREP, FINREP, PRA and Recovery Plans.
• Understanding of the PRA supervisory model and risk‑management frameworks.
• Master’s degree or equivalent.

Personal Attributes

• Strong verbal and written communication with authority.
• Creative thinking, innovation and challenge of status quo.
• Role‑modeling high standards of quality.
• Effective project and time‑management skills.
• Client‑relationship building with trust.
• Analytical and problem‑solving abilities.
• Ability to multitask under tight timelines.
• Commitment to learning and self‑development.
• Alignment with our values – respect, diversity and integrity.

Diversity, Equity & Inclusion

Forvis Mazars values diversity, equity and inclusion. We recognize that our people’s unique backgrounds lead to better outcomes for clients. We seek to attract, develop and retain talent regardless of sex, ethnicity, disability, socioeconomic background, sexual orientation, gender identity, nationality or faith. Candidates are selected on skills, knowledge and experience.