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Associate - Risk & Resilience

McKinsey & Company

McKinsey & Company

This job is no longer accepting applications

See open jobs at McKinsey & Company.See open jobs similar to "Associate - Risk & Resilience" ASU+GSV Summit.
Boston, MA, USA · Houston, TX, USA · New York, NY, USA · United Kingdom · London, UK · Manchester, UK
Posted on Jan 22, 2025
Consulting

Associate - Risk & Resilience

Job ID: 94136
  • Boston
  • Houston
  • New York City
  • San Francisco
  • Washington DC


Do you want to work on complex and pressing challenges—the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you’ve come to the right place.

Who You'll Work With

You will work as part of our global Risk & Resilience Practice supporting clients across many different industries facing challenges that go beyond just managing risk. We help clients by delivering a tailored approach to enhance resilience, create value, and build risk skills and assets. Resilience is more relevant than ever before given the pandemic, climate disasters, cybersecurity breaches, supply chain disruptions, inflation, regulatory actions, and many other issues faced by clients.
We serve clients across industries in a full range of risk areas including credit risk, crisis response, risk data and digitization, operational risk, compliance and controls, enterprise risk management and risk culture, trading and balance sheet risk, risk advanced analytics, and risk and regulation. Some Risk & Resilience consultants work exclusively within Risk and Financial Services, while others mix their risk focus with broader consulting work (e.g., operations, transformation, sustainability, digital, etc.) on topics such as global energy and materials, insurance, social & public sector, advanced industries, etc.
Organizations of all kinds today face unprecedented levels and types of risk produced by a diversity of new sources. By developing an effective, risk-informed strategy, we can help our clients 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 risk transformation, advanced analytics, and practical implementation.

Your impact within our firm

You will work as an Associate in our Risk & Resilience Practice in one of our practice hub locations to help clients embrace uncertainty, embed resilience, and enable growth by developing strategies that are integrated with our clients’ business context and goals to help them better prepare for and manage risks to ensure institutional resilience.
You will work as part of a team of consultants to assist the client in understanding and quantifying risk exposures and evaluating risk strategies. You will be staffed full-time on one engagement but will not necessarily remain on the team for the duration of the study. You will help equip clients to respond to critical vulnerabilities and disruptions by addressing immediate risks and gaps across all dimensions of risk management.
Through data and analytics-driven scenario planning and stress-testing, you will partner with clients to build enterprise risk management capabilities, anticipate risks, and identify growth opportunities. You will help clients translate these insights into action and institutionalize resilience and crisis preparedness across the organization and help embed contingencies within long-term strategies designed to help our clients unlock sustainable growth.
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
While all McKinsey consultants develop specialized knowledge and a focused program as they progress with the firm, in your first few years you will have an opportunity to work on a broad range of topics across industries and functions. For consultants who join McKinsey as experienced professionals, this can mean building on previous knowledge or developing unique experience in an area that is completely new.
Our consultants had the highest satisfaction ratings across all McKinsey functional and growth platforms, and we were also the highest ranked practice for client impact across all dimensions (quality of work, capability building, delivery of expertise/insights, effective collaboration, etc.) in 2024.
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.

Your qualifications and skills

  • Advanced graduate degree strongly preferred (e.g., MBA, PhD) with undergraduate focused in a heavily quantitative discipline (Mathematics, Statistics, Physics, Computer Science, 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, risk regulation & compliance, capital markets, market risk, treasury & balance sheet management, credit, AML/KYC, insurance
  • Exceptional analytical, quantitative, and conceptual 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 communicate complex ideas effectively – both verbally and in writing – in English and the local office langue(s)
  • Willingness to travel
Please review the additional requirements regarding essential job functions of McKinsey colleagues.
Industries
  • Financial Services
Capabilities
  • Risk & Resilience
Apply Now Apply Later

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.

Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $192,000 - $192,000 USD —to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance.

Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off.

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 McKinsey Careers and Diversity & Inclusion sites.

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Job Skill Code - ASC - Associate
Function - Risk & Resilience
Industry - Financial Services
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