FAQs
What is the main focus of the Consultant - Risk Analytics role?
The main focus of the Consultant - Risk Analytics role is to help clients develop or validate their models and assess their modeling frameworks related to various risk functions, including credit, market, insurance, ESG, or model risk management.
What qualifications are necessary for the Consultant - Risk Analytics position?
A bachelor's degree is required, and an advanced quantitative degree (master's or Ph.D.) in fields such as computer science, mathematics/statistics, engineering, or financial engineering would be a plus.
How much experience is required for this role?
The role requires 1-6 years of relevant experience in risk quantitative analysis or modeling to solve real-world problems.
What programming skills are preferred for this position?
Candidates should have first experience in programming (beyond simple scripts) in a modern scientific language such as Python or R, with additional knowledge of SQL, NoSQL, Matlab, or SAS being a strong plus.
Are there any specific machine learning or AI skills that are beneficial for this role?
Yes, experience in areas such as natural language processing, deep learning, anomaly detection, or graph-based techniques, as well as familiarity with GenAI and Large Language Models, would be a strong plus.
What are the communication skills expected from candidates?
Candidates should have exceptional communication skills, particularly in translating technical knowledge into forms that can be easily understood by leadership and non-technical project teams, both verbally and in writing, in English and the local office language(s).
Is travel required for this position?
Yes, there is a willingness to travel required for this position.
What is the work environment like in the Risk Analytics team?
The work environment is highly international, collaborative, and fast-paced, where team members engage in intellectually challenging projects and exchange experiences regularly.
Will there be opportunities for professional development in this role?
Yes, there will be opportunities to advance McKinsey’s overall knowledge base through rigorous analysis, and at more senior levels, the opportunity to develop new analytical approaches and techniques.
What types of projects will I work on as a Consultant in Risk Analytics?
You will work on a variety of projects ranging from large-scale analytics programs to in-depth technical modeling exercises, all aimed at solving real-life business problems for clients.