Financial Risk Transformation Principal Consultant (Senior Manager)

Location: London (Hybrid) | Practice Area: Finance, Risk, Regulatory & Financial Crime | Type: Permanent

Lead complex risk transformation across financial services at scale

The Role

Capco is seeking a Financial Risk Transformation Principal Consultant (Senior Manager) to join our growing Finance, Risk, Regulatory & Financial Crime (FRRF) capability. In this role, you'll lead strategic client engagements, advise senior stakeholders including Chief Risk Officers, and drive transformation across risk functions. You'll play a key role in shaping large-scale programmes spanning liquidity, credit, market, and model risk, helping clients modernise their risk capabilities through data, technology, automation, and AI-enabled ways of working. You'll leverage approved AI tools to enhance insight, improve delivery efficiency, and support better decision-making while applying responsible AI practices and appropriate human oversight.

What You'll Do

• Lead end-to-end delivery of complex risk transformation programmes across liquidity, credit, market, and model risk, identifying opportunities to leverage AI-enabled workflows and automation to improve client outcomes.

• Advise senior stakeholders on regulatory frameworks including Basel, IFRS 9, and BCBS 239, translating regulatory requirements into practical transformation strategies and sustainable operating models.

• Design and implement enhanced risk controls, target operating models, governance frameworks, and data-driven reporting solutions that strengthen regulatory compliance and business performance.

• Drive the responsible adoption of AI, automation, and advanced analytics to improve risk processes, reporting, forecasting, and decision-making while ensuring appropriate governance and validation.

• Contribute to business development, proposition development, client relationship growth, and the continued expansion of Capco's Financial Risk capability.

What We're Looking For

• Extensive experience delivering financial risk transformation programmes within financial services or management consulting.

• Deep expertise across liquidity risk, credit risk, market risk, and model risk, with strong knowledge of Basel, IFRS 9, BCBS 239, and related regulatory frameworks.

• Proven experience leading complex transformation programmes and influencing senior stakeholders, including Chief Risk Officers and executive leadership teams.

• Strong analytical and strategic problem-solving skills, with experience using approved AI tools and automation to enhance delivery while maintaining sound professional judgement.

• Excellent communication and stakeholder management skills with the ability to translate complex risk challenges into practical, business-focused solutions.

Bonus Points For

• Experience applying AI, automation, or advanced analytics within financial risk transformation or regulatory reporting environments.

• Proven track record in proposition development, business development, and supporting go-to-market strategies.

• Experience with enterprise data architecture, risk technology platforms, model implementation, or regulatory reporting solutions.

• Leadership experience including mentoring, coaching, and developing high-performing consulting teams.

• Experience delivering cross-functional transformation initiatives across Risk, Finance, Technology, Treasury, and Compliance.

Why Join Capco

• Deliver high-impact transformation programmes for Tier 1 financial institutions.

• Work in a collaborative, flat, and entrepreneurial consulting culture.

• Access continuous learning, industry certifications, and structured leadership development.

• Help shape the future of financial risk transformation through innovation, automation, and technology.

• Be part of a team delivering meaningful change across global financial services.

Benefits

• Core Benefits: Discretionary bonus, competitive pension, health insurance, life insurance and critical illness cover.

• Mental Health: Easy access to CareFirst, Unmind, Aviva consultations, and in-house first aiders.

• Family-Friendly: Maternity, adoption, shared parental leave, plus paid leave for sickness, pregnancy loss, fertility treatment, menopause, and bereavement.

• Family Care: Eight complimentary backup care sessions for emergency childcare or elder care.

• Holiday Flexibility: Five weeks of annual leave with the option to buy or sell holiday days based on your needs.

• Continuous Learning: Minimum 40 Hours of Training Annually. Take your pick—workshops, certifications, and e-learning—your growth, your way. Business Coach assigned from Day One to help accelerate your development.

• Healthcare Access: Convenient online GP services.

• Extra Perks: Gympass (Wellhub), travel insurance, Tastecard, season ticket loans, Cycle to Work, and dental insurance.

Inclusion at Capco

We're committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know—we'll be happy to help. We value each person's unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our #BeYourselfAtWork culture encourages individuality and collaboration—a mindset that shapes how we work with clients and each other every day.

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