Role: Risk Consulting – Prudential Regulation (Assistant Manager)
Experience: 4+ Year[s]
Location: Gurgaon
About the Role
Forvis Mazars Financial Services Consulting is experiencing significant growth and is seeking talented and motivated professionals to join its Prudential Regulation and Risk Management team in India.
The team supports a broad range of financial services clients, including banks, non-banking financial institutions, investment firms, payment firms and other regulated entities. We help clients navigate evolving regulatory requirements, strengthen risk management capabilities, enhance regulatory reporting processes, and address increasingly complex supervisory expectations.
This role offers the opportunity to work on high-profile regulatory, risk management and transformation engagements across multiple jurisdictions, while developing deep technical expertise in prudential regulation, Basel standards, capital and liquidity management, regulatory reporting and enterprise risk management.
Role Responsibilities
As an Assistant Manager, you will support the delivery of prudential regulation, regulatory reporting and risk management engagements for financial institutions across multiple jurisdictions.
Typical responsibilities include:
- Assisting with reviews of Internal Capital Adequacy Assessment Processes (ICAAPs), Internal Liquidity Adequacy Assessment Processes (ILAAPs), capital planning frameworks, liquidity risk management frameworks, recovery plans and wind-down planning.
- Supporting regulatory compliance assessments and gap analyses against applicable prudential regulations and supervisory expectations.
- Assisting clients in the interpretation, implementation and ongoing monitoring of regulatory requirements.
- Reviewing regulatory reporting frameworks, governance arrangements, controls and submissions relating to capital adequacy, liquidity, leverage, large exposures and other prudential requirements.
- Assessing the effectiveness of risk management frameworks, policies, procedures and governance arrangements.
- Evaluating how firms identify, assess, measure, monitor, control and report key prudential risks.
- Supporting internal audit, assurance and independent review engagements requiring prudential regulation and risk management expertise.
- Contributing to regulatory change, risk transformation and process improvement programmes.
- Conducting data analysis, documentation reviews, control assessments and stakeholder interviews.
- Preparing high-quality reports, presentations and client deliverables.
- Supporting workshops with client stakeholders to identify issues, design practical solutions and develop implementation plans.
- Identifying opportunities to improve governance, controls, risk management and regulatory compliance frameworks.
- Supporting reviews of stress testing frameworks, recovery planning arrangements, capital adequacy assessments and liquidity risk management capabilities.
Client Engagement and Team Responsibilities
You will be expected to:
- Work as part of multidisciplinary engagement teams across a variety of client projects.
- Support Engagement Managers and Senior Managers in the delivery of client engagements.
- Manage allocated workstreams and deliverables, ensuring work is completed to a high standard and within agreed timelines.
- Monitor engagement progress and proactively identify, escalate and help resolve risks and issues.
- Build strong working relationships with clients and internal stakeholders.
- Assist with business development activities, proposals, thought leadership, market research and client presentations.
- Contribute to the development of methodologies, tools, propositions and service offerings.
- Support the preparation of technical papers, training materials and regulatory insights.
- Share knowledge and support capability development across the wider team.
- Coach and provide day-to-day support to junior team members and analysts.
Skills, Knowledge and Experience
Essential
- 4–6 years of experience in prudential regulation, risk management, regulatory reporting, internal audit, consulting, financial services or a related discipline.
- Strong understanding of prudential regulatory frameworks applicable to banks and financial institutions, including the Basel framework and associated capital and liquidity requirements.
- Experience supporting or reviewing capital adequacy, liquidity adequacy, stress testing, recovery planning, capital management and liquidity risk management activities.
- Good understanding of regulatory reporting requirements and prudential returns, including capital, leverage, liquidity and exposure reporting.
- Knowledge of risk management frameworks and practices, including risk governance, risk appetite, risk identification, risk assessment, monitoring, reporting and escalation processes.
- Good understanding of key prudential risks, including credit risk, market risk, liquidity risk, operational risk, concentration risk, interest rate risk in the banking book and emerging risks.
- Experience conducting gap assessments, regulatory compliance reviews, control effectiveness reviews or assurance engagements.
- Strong analytical, problem-solving, report-writing and presentation skills.
- Excellent communication and stakeholder management capabilities.
- Ability to manage multiple priorities and deliver high-quality work within agreed deadlines.
- Advanced Microsoft Excel, PowerPoint and Word skills.
- Good understanding of data analytics, automation tools and artificial intelligence solutions, and their application within regulatory compliance, risk management and financial services.
Desirable
- Experience gained within a bank, financial institution, regulator, consulting firm, professional services organisation or internal audit function.
- Familiarity with international prudential regulatory frameworks and supervisory expectations across major jurisdictions.
- Exposure to regulatory reporting frameworks, regulatory change programmes, remediation initiatives or risk transformation projects.
- Experience supporting Internal Capital Adequacy Assessment Processes, Internal Liquidity Adequacy Assessment Processes, stress testing programmes, recovery planning or regulatory reporting engagements.
- Relevant professional qualifications such as Chartered Accountant (CA), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM), Certified Internal Auditor (CIA), Association of Chartered Certified Accountants (ACCA), Master of Business Administration (MBA), or equivalent qualifications in finance, risk management, treasury, accounting, audit, compliance or prudential regulation.
What We Offer
- Opportunity to work on complex and challenging regulatory and risk management engagements.
- Exposure to senior client stakeholders and international projects.
- Structured learning, professional development and career progression opportunities.
- A collaborative, inclusive and high-performing working environment.
- Opportunities to build deep expertise in prudential regulation, Basel standards, regulatory reporting and risk management.
- The ability to contribute to the growth of a rapidly expanding and dynamic practice.
At Forvis Mazars, we embrace diversity and are committed to fostering an inclusive culture where everyone feels valued, heard, and empowered. We provide equal opportunities for growth and advancement, regardless of background, identity, or experience. Join a global team where your unique perspective helps shape a more equitable and innovative future. If you’re ready to make an impact and elevate your career, we’d love to hear from you.
