Associate - Financial Institutions Advisory Services at Berkeley Research Group, LLC in Boston, Massachusetts

Job Description:

Financial Institutions Advisory Services Associate

The Financial Institutions Advisory Practice within BRG is building capabilities throughout the industry and is hiring to support its growth. This practice group has all the energy and dynamism of a start-up but within an established highly respected firm of over 1,200 professionals. BRG is a partnership of its various experts and is thus highly collaborative and presents staff with more opportunities for cross-firm work.

We are seeking individuals that can solve problems with solid analytical ability, strong organizational skills, and a desire to advance within the organization. Professional work will involve both execution and oversight of engagement work streams that may be either qualitative or quantitative in nature, and responsibilities include business process reviews, current state assessments, developing roadmaps to improve operations, compliance or control, assisting clients with technology enablement and dashboard reporting, financial and accounting reviews, management of junior staff, design of the statistical and financial analysis, modeling of financial data and markets, quality control, development and presentation of client deliverables, management of existing client relationships, industry research, and expansion of the business. 

Headquartered in Emeryville, California, BRG currently has over 40 offices across the United States and internationally. Candidates would ideally be located in Washington, DC, New York, NY, or Boston, MA.  This position offers advancement opportunities within a rapidly growing expert service and consulting firm. 

Responsibilities

• Work directly with senior professionals to execute various financial institution advisory projects related to financial risk management including credit risk, valuation, capital planning, and stress-testing, liquidity, resolution planning, and model risk management.  Functional areas of work encompass regulatory, risk and controls; finance and accounting; technology enablement; and business process optimization.


• Works on data-intensive projects, including analytics, governance, and manipulation, to support a variety of financial risk initiatives.


• Plan and manage all aspects or certain aspects of client engagements depending on their size and complexity.


• Draft client deliverables including reports, policies, procedures, and business requirements documentation.


• Develop analyses and financial models using transactional data and/or financial data. 


• Demonstrate creativity and efficient use of relevant software tools


• Generate client deliverables and make valuable contributions to expert reports.


• Manage client relationships and communicate results and work products as appropriate.


• Assist in the development of new solutions and offerings, as necessary.


• Conduct detailed analyses, reviews, and/or audits, as project needs arise.


• Participate in group practice meetings, contribute to business development initiatives and office functions such as staff training and recruiting.


• Prioritize assignments and responsibilities in order to meet goals and deadlines.

Financial Industry / Product Knowledge

Prior work experience with Financial Institutions involved with the following activities is required:

• Banking (community / regional / money center / international / international branch)


• Mortgage (originators, servicers, secondary marketing, GSEs)


• Auto Finance


• Student Loans


• Commercial Loans


• Equipment Finance


• Deposits


• Capital Markets


• Derivatives


• Structured Products


• Insurance

Functional Capabilities

Prior skills or experience working in the following topical areas is highly preferred:

• Risk and Control Assessments;


• Process mapping/flows;


• Assessment of compliance with consumer regulations (CFPB / OCC / Federal Reserve / State Law Requirements);


• Business process remediation;


• Consumer compliance testing and financial harm analysis;


• Business analysts (user requirement development/user acceptance testing);


• Credit risk management


• Financial risk management


• Quantitative analytics


• Valuation of financial instruments


• Project/program managers;


• AML / BSA / KYC / OFAC;


• BCBS 239;


• Capital planning and stress testing;


• Capital markets compliance; and/or, R, SAS, Python, and/or SQL programmers.


• Six Sigma or related black belt or green belt credential


• RPA, current knowledge of AI used for segmentation, pricing/complaint analysis

Basic Qualifications:

• A BS/BA with a focus in business accounting, finance, economics, or a related field;

• 0-2 years of work experience or having past internship experience with a focus in financial services

• Strong PowerPoint presentation skills/techniques.  Ability to create decks and agendas that provide robust transparency as to project status;


• Desire and ability to manage processes and other more junior staff, as necessary;


• Commitment to producing high-quality analyses and attention to details; Keen interest in economic or financial analyses and research;


• Strong verbal and written communication skills;


• Desire to work within a team environment; and


• Ability to travel to client sites on demand required.

Candidate must be able to submit verification of his/her legal right to work in the United States, without company sponsorship. 

BRG is an Equal Employment Opportunity/Affirmative Action Employer.  All qualified candidates will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability, or protected veteran status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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