Associate Director, FS Risk Consulting - Global Capability Center

India

Location: Gurugram, India
Date Posted: Oct 13, 2025

Description

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity - are why our people love working at A&M.

The Team

Our Financial Services Consulting team partners with banks, insurance companies, asset managers, and fintechs to navigate complex challenges in a fast-evolving industry. We deliver strategic, operational, and technological solutions that drive growth, enhance risk management, ensure regulatory compliance, and improve customer experience. Combining deep industry knowledge with analytical expertise, we help clients transform their business models, optimize performance, and stay ahead of market trends. We are looking for an Associate Director to join in the financial services team. Considering the pace of targeted growth, we are keen to find a person who is entrepreneurial, driven by a passion to drive significant growth, is comfortable with ambiguity, will roll up the sleeves and be hands on to get things done and can be independent requiring limited cover.

How you will contribute

We are looking for an accomplished risk consulting professional with experience advising and enabling financial services institutions in strengthening their risk management, governance, and control environments. The ideal candidate will have deep, cross-domain expertise in enterprise risk management, credit, market, and operational risk, non-financial risk (including conduct, compliance, and cyber risk), and risk transformation programs.

This role demands a mix of strategic advisory capability and operational execution, with a strong understanding of risk frameworks, regulatory expectations, and leading industry practices. The individual should be entrepreneurial, proactive, and comfortable working in dynamic, fast-paced client environments - capable of building relationships with senior stakeholders and leading multidisciplinary teams to deliver measurable impact

Lead Risk Consulting Engagements: Lead and deliver complex risk management and governance consulting programs for financial institutions across banking, insurance, and capital markets.
- Drive risk framework design and implementation, including policy development, governance structures, risk appetite frameworks, and control testing mechanisms.
- Support clients in risk operating model design, risk technology enablement, and process re-engineering to enhance effectiveness and compliance.
Risk Domains Coverage: Provide advisory and transformation support across a broad range of risk consulting domains, including:
- Enterprise Risk Management (ERM): Risk identification, prioritization, and mitigation frameworks.
- Credit Risk: Portfolio analytics, risk measurement, credit process redesign, and model governance.
- Market Risk: Risk reporting, limit frameworks, and trading risk processes.
- Operational Risk: Process control design, scenario analysis, and loss data collection.
- Non-Financial Risks: Conduct, compliance, reputational, ESG, and third-party risk management.
- Technology and Cyber Risk: Risk frameworks, resilience assessments, and regulatory alignment
Policy, Governance & Framework Development: Develop and refine risk policies, standards, and governance frameworks for both new and established financial institutions.
- Support regulatory readiness, policy harmonization, and the alignment of governance structures to Basel, PRA, FCA, and other regulatory requirements.
- Establish risk appetite frameworks, RCSA methodologies, and KRI dashboards for continuous monitoring and reporting.
Risk Monitoring & Reporting: Oversee the design and implementation of risk monitoring processes and control testing programs for financial and non-financial risks.
- Partner with clients to enhance risk data aggregation, MI/reporting, and Board-level dashboards for better decision-making.
- Recommend process and system improvements to strengthen internal risk oversight and compliance effectiveness.
Client Advisory & Relationship Management: Act as a trusted advisor to onshore teams, senior client stakeholders, risk committees, and Board members on emerging risk issues, regulatory expectations, and transformation priorities.
- Support business development through proposal creation, solution design, and thought leadership on emerging risk trends
Team Leadership & Practice Development: Lead, mentor, and grow a team of consultants and analysts to deliver high-quality risk advisory work.
- Contribute to practice growth, including development of new service offerings, methodologies, and alliances in risk consulting.

Qualifications

Experience: 12–14 years of relevant experience experience in risk consulting within a top consulting firm
Domain Breadth: Proven exposure to multiple risk domains (enterprise, credit, market, operational, conduct, compliance, technology/cyber, ESG).
Regulatory Understanding: Strong grasp of global and local regulatory requirements (e.g., Basel III/IV, PRA/FCA, ECB, RBI, IRDAI).
Transformation Delivery: Experience in risk process and governance transformation programs, including target operating model design and automation of risk processes.
Analytical Skills: Strong quantitative and qualitative analytical capability, with experience in risk data, MI, and control assessment frameworks.
Client Leadership: Demonstrated ability to engage senior client stakeholders, and manage delivery of multi-stakeholder engagements.
People Leadership: Experience managing and developing high-performing teams in a consulting or risk advisory context.

Your journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career. We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

Inclusive Diversity

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. .

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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