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 to join our growing FRRF capability. In this role, you will lead strategic client engagements, advise senior stakeholders including Chief Risk Officers, and drive transformation across risk functions. You will play a key role in shaping large-scale programmes spanning liquidity, credit, market, and model risk, with opportunities to incorporate AI and automation into modern risk frameworks.
What You’ll Do
- Lead end-to-end delivery of complex risk transformation programmes across liquidity, credit, market, and model risk
- Advise senior stakeholders on regulatory frameworks including Basel, IFRS9, and BCBS-239, translating requirements into actionable strategies
- Drive the design and implementation of enhanced risk controls, operating models, and data-driven reporting solutions
- Identify opportunities to leverage AI and automation to improve risk processes and decision-making
- Contribute to business development, client relationship growth, and internal capability building
What We’re Looking For
- Extensive experience in financial risk transformation within financial services
- Deep expertise across liquidity risk, credit risk, market risk, and model risk
- Strong knowledge of regulatory frameworks such as Basel, IFRS9, and BCBS-239
- Experience leading large-scale programmes, including stakeholder engagement at senior levels
- Ability to translate complex risk challenges into practical, deliverable solutions
Bonus Points For
- Experience applying AI or automation in risk transformation or reporting environments
- Track record in proposition development and contributing to sales or go-to-market strategies
- Experience with data architecture, risk systems, or model implementation
- Leadership experience including mentoring and developing team members
- Experience working across cross-functional teams including technology, finance, and compliance
Why Join Capco
- Deliver high-impact technology solutions for Tier 1 financial institutions
- Work in a collaborative, flat, and entrepreneurial consulting culture
- Access continuous learning, training, and industry certifications
- Be part of a team shaping the future of digital financial services
- Help shape the future of digital transformation across FS & Energy.
We offer a competitive, people-first benefits package designed to support every aspect of your life:
- 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: 8 complimentary backup care sessions for emergency childcare or elder care
- Holiday Flexibility: 5 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: workshops, certifications, and e-learning, plus a dedicated Business Coach from Day One
- Healthcare Access: Convenient online GP services
- Extra Perks: Gympass (Wellhub), travel insurance, Tastecard, season ticket loans, Cycle to Work, and dental insurance
Use of Artificial Intelligence in Talent Acquisition
At Capco, we use artificial intelligence (AI) tools to support and enhance several parts of talent acquisition. This includes using AI-enabled features within LinkedIn to help source potential candidates, speeding up routine recruitment communications such as emails, and creating compelling, brand-aligned job postings. AI is also used to support interview scheduling.
AI is used as a support tool only. All hiring decisions are made by talent acquisition and hiring teams.
Why This Role Is Open
We are currently hiring for this role due to an existing vacancy within our organisation. This position is open as part of our ongoing business needs, and we are actively reviewing applications to identify a candidate who can make a meaningful impact.
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.
#LI-KA1
Skills Required
- Extensive experience in financial risk transformation within financial services
- Deep expertise across liquidity risk, credit risk, market risk, and model risk
- Strong knowledge of regulatory frameworks such as Basel, IFRS9, and BCBS-239
- Experience leading large-scale programmes, including stakeholder engagement at senior levels
- Ability to translate complex risk challenges into practical, deliverable solutions
What the Team is Saying
Capco Compensation & Benefits Highlights
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Wellbeing & Lifestyle Benefits — Wellbeing resources are extensive, featuring a global platform with a Mental Health Hub, EAP-style support, coaching, financial-wellness content, and regional wellbeing events. These offerings position health and lifestyle support as a core part of the employee experience.
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Parental & Family Support — Family-friendly design includes enhanced maternity, adoption, and shared parental leave along with paid leave for pregnancy loss, fertility treatment, menopause, and bereavement. U.S. Return-to-Work materials highlight flexibility and structured support for caregiving needs.
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Inclusive Benefits Coverage — Recognition on the Human Rights Campaign Corporate Equality Index signals LGBTQ+ inclusive policies and benefits in the U.S. context. This reflects intentional coverage for diverse families and life stages.
Capco Insights
What We Do
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the energy and financial services industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. TRUSTED ADVISORS - Our collaborative and entrepreneurial approach position us as trusted long-term partners to our clients. DEEP EXPERTISE - Clients look to us for clear guidance, proven expertise, and the support they need to set their companies up for success. DISRUPTIVE SOLUTIONS- We do not provide off -the-shelf answers to clients’ challenges. Instead, we work in close collaboration to understand the issues, and craft disruptive, bespoke solutions. ACCOUNTABILITY AND OWNERSHIP - We recognize every client has distinct needs and expectations, and we take ownership and accountability for the solutions we design, build, and deliver.
Why Work With Us
We support and encourage an inclusive culture, entrepreneurial outlook and independent thinking. Capco is not about organizational charts and rigid hierarchies – we want all employees to feel that Capco is their firm to own and run. We believe diversity powers innovation. Be Yourself At Work (#BYAW) is an integral and underlying part of our culture
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Capco Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
