Associate Director – Quantitative Modelling

As one of the world’s largest networks of audit, tax and consulting firms, RSM delivers big ideas and premium service to help middle-market businesses thrive. We are a fast-growing firm with big ambitions — we have a clear goal to become the premium adviser to the middle market, globally. This vision touches everything we do, motivating and inspiring us to become better every day. If you are looking for a firm where you can build a future and make an impact, then RSM is the place for you.

Make an Impact at RSM UK

Consulting brings together multiple teams across Transactions, Risk & Consulting, ABA, and Outsourcing to provide client-centric solutions for RSM’s current and future clients within the middle market and beyond. Our Consulting team has a major role to play in driving forward the growth of the firm with over 1,700 people delivering almost £200m revenue.

At the heart of Consulting are the six solutions we offer our clients: business transformation, deal services, finance function support, risk and governance, forensic and investigation services, and restructuring. Our solutions create an enhanced tailored approach to support our clients in achieving their strategic goals and empower our people to make an impact and develop their own unique career path.

This is an opportunity to take a leading role in expanding RSM’s capabilities in quantitative modelling solutions and being a part of our broader financial modelling and analytics community. You will play a key role in developing sophisticated statistical models and tools for clients across various sectors, often within a dynamic regulatory landscape. Additionally, this capability will provide crucial support to RSM’s Audit business by reviewing and challenging financial models, particularly in areas such as expected credit loss (ECL) modelling and broader Financial Services matters.

Working closely with Partners and Directors, you will have the opportunity to shape our methodologies, tools, and processes. A proactive approach to stakeholder engagement both within and outside the firm will be essential for identifying business opportunities, strengthening client relationships and ensuring seamless service delivery.
At RSM we believe we are most often at our best when we are working together. We expect our people to be in the office or at client sites a minimum of three days per week.

You’ll make an impact by:
• Managing and Delivering an agreed portfolio of Consulting model development and quantitative analysis assignments, scoping and planning work, preparing or reviewing deliverables, setting and working to agreed budgets, managing risk and maintaining high levels of quality and good commercial outcomes. Completion of associated documentation to a high standard is expected.
• Developing complex statistical models and tools; techniques including (inter alia) regression analysis, time series and survival analyses, Monte Carlo simulation. Coding and review of tools in modern computing languages (e.g. R, SAS or Python).
• Acting as an auditor’s expert which may involve the development, review and testing of ECL models, including customer classing, weight of evidence, economic impact overlay and the derivation of Probability of Default, Exposure at Default and Loss Given Default results. And the evaluation and critique of ECL modelling methodologies, associated processes, controls and data sources.
• Managing and executing quantitative testing roles for large and complex audit, or other assurance engagements. Critically assessing appropriate model documentation against the requirements of accounting standards and industry practices. Independently reperforming procedures detailed in the model documentation using appropriate software packages.
• Acting as key point of contact for other specialists to answer complex technical questions.
• Building relationships with new clients, and RSM client service teams, and identifying and acting upon potential new work opportunities. Activities include thought leadership and marketing online, commentary on evolving issues, scoping and investigating possible openings, preparing proposals and commercial negotiations, responding to tenders and attending pitch presentations.

What we are looking for:
• We value diverse experiences and perspectives. Here’s what we’re looking for in our ideal candidate:
• Education to an Advanced Degree level in a relevant quantitative subject.
• Extensive experience in a quantitative modelling business unit in a professional services or consulting organisation or in an equivalent function in a corporate, especially in a banking or lending enterprise.
• Strong record of model development work and significant coding expertise in relevant computing languages (eg R, SAS or Python). Strong appreciation of applicable principles of best practice.
• Expert level IT literacy with MS Office products, especially MS Excel.
• Familiarity with core accounting and finance concepts.
• Experience of working in a highly regulated environment and with regulated businesses.

Desirable but not essential:
• Formal training or qualification in accounting or finance (e.g. ACA, ACCA, CFA, FRM, ACT, or equivalents), or evidence of equivalent knowledge learned in a finance environment.
• Prior experience of ECL modelling and related impairment testing, including IFRS9, CECL methodology requirements.
• Further programming and software expertise in data analytics, presentation, application development skills (eg VBA, PowerBI, Alteryx, SQL etc).

What we can offer you:
• We recognise that our people are our most important assets. That’s why we offer a flexible reward and benefits package that will help you have fulfilling experience, both in and out of work.
• Study Support.
• Hybrid and flexible working.
• 27 days holiday with the option of purchasing additional days.
• Lifestyle, health, and wellbeing including financial wellbeing benefits such as financial tools, electric car scheme and access to a virtual GP.
• Access to a suite of 300+ courses on demand developed by our inhouse talent development team.

Diversity and Inclusion at RSM
At RSM, we want to create a strong sense of belonging so that people of all identities, backgrounds, and cultures feel they can bring their true self to work. Our clients come from all walks of life. We aim to achieve that same diversity of background, experience and perspective in our own teams, so that we can genuinely understand our client’s needs. Diverse teams bring a broader range of ideas and insights to work. That’s why we’re working together to ensure our firm’s principles and processes support a firm culture that embraces difference and strengthens inclusion.