Associate - Risk and Resilience
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Posted 18 days ago
Job Description
Consulting Associate - Risk and Resilience
Who You'll Work With

You'll work as part of our global Risk & Resilience Practice supporting clients in many different industries facing challenges of developing and implementing tailored concepts for risk recognition, measurement, and control.

Facing extreme volatility in financial and commodity markets, more and more of our clients are realizing that effective, risk-informed strategy can offer a major source of competitive advantage. We take a truly global, cross-sector, cross-functional view of risk issues, combining McKinsey's deep industry insight and strategic skills with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation.

What You'll Do

You will help clients understand and quantify risk exposures, evaluate risk strategies, and build and maintain risk models.

You will assist client teams in understanding and quantifying risk exposures, evaluating risk strategies, and building and maintaining risk models by being staffed full-time on one engagement or providing ad-hoc assistance to several engagements.

This includes gathering and analyzing information, formulating and testing hypotheses, and developing and communicating recommendations. You'll also have the opportunity to present results to client management and implement recommendations in collaboration with client team members. You will be expected to contribute to knowledge development by helping define and expand distinctive risk-based methodologies to support top management-level strategic decisions.

When you join McKinsey, you are joining a firm that will invest in your professional development. As an Associate, you will receive training and coaching on how to better:

*Structure ambiguous problems and take action to solve them

*Synthesize clear takeaways from complex information into clear takeaways and recommendations using both qualitative and quantitative methods

*Work effectively with diverse teams to come up with the best solution and move people and organizations to act

*Establish trust-based relationships with clients to better serve their organizations

*Communicate effectively with all audiences, including senior leaders, in a structured manner

*Develop your leadership style, leveraging your own passions, strengths, and personal values

McKinsey believes in strengths-based development and coaching, and you'll receive frequent mentoring from colleagues. This will include a senior colleague from your office or practice who will help you grow and achieve your career goals. Additionally, you will have a professional development manager who manages staffing to help you choose projects based on your priorities as well as the needs of client service teams.

Qualifications
  • MBA with undergraduate focus in a heavily quantitative discipline (Mathematics, Statistics, Physics, Computer Science, etc.) or;
  • Ph.D. degree in Business/Finance (ideally focused on risk), Economics, Statistics/Mathematics, Physics, Operations Research, Engineering, etc. or;
  • Master's degree in Finance, Financial Engineering, Applied Mathematics, Statistics, Operations Research, etc.
  • Typically 5+ years experience in risk management in any industry sector and/or experience in a consultancy (with risk focus) and/or comparable experience in banking, insurance (actuarial experience with life insurance underwriting exposure and/or M&A actuarial background a plus), risk regulation & compliance [AML, fraud, identity verification, KYC, etc.], capital markets, climate risk, supply chain risk & resilience, crisis management, cyber risk, trading/intermediation with significant exposure to risk (e.g. commodity trading in the energy sector), or contract/asset structuring
  • Exceptional analytical and quantitative problem-solving skills
  • Ability to work collaboratively in a team and create an inclusive environment with people at all levels of an organization
  • Capability to drive an independent workstream in the context of a broader team project
  • Ability to work effectively with people at all levels in an organization
  • Ability to communicate complex ideas effectively - both verbally and in writing - in English and the local office language(s)
  • Willingness to travel
COVID-19 vaccination mandate:

Employment with McKinsey & Company, Inc. in the United States and Canada is conditioned on proof of full vaccination against the COVID-19 virus (with a WHO-approved or Health Canada-approved COVID-19 vaccine, as applicable) or approval of an exemption due to a qualifying medical condition or sincerely held religious belief prior to start date.

FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our and sites.

Job Skill Group - CSS Associate
Job Skill Code - ASC - Associate
Function - Risk & Resilience
Industry - Financial Services
Post to LinkedIn - Yes
Posted to LinkedIn Date - Thu Aug 19 00:00:00 GMT 2021
LinkedIn Posting City - New York
LinkedIn Posting State/Province - New York
LinkedIn Posting Country - United States
LinkedIn Job Title - Associate - Risk and Resilience
LinkedIn Function - Consulting
LinkedIn Industry - Management Consulting
LinkedIn Seniority Level - Entry level

Equal Opportunity Employment Disclaimer

McKinsey & Company is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status, and other protected characteristics.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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