Expert Consultant - Operational Risk


Melbourne, Sydney


Asia Pacific


Risk management


Financial institutions

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

What You'll Do

BGC’s Risk & Compliance Practice Area (R&C) offers state-of-the-art Operational, Compliance, ESG, and regulatory risk management solutions. Our team is dedicated to support our clients in developing a strategy for identifying and managing, operational, cyber & digital, compliance, anti-financial crime, anti-corruption & bribery, sanctions, fraud, human rights and environmental risks. We work with leaders in various industries and seek to marry effectiveness and efficiency by focusing on the fundamental economics of their businesses and the underlying needs of their customers. Our Practice Area completed 100+ programs in recent years, including design, steering and implementation and created impact aligned with our values and leading with integrity approach. 

We are looking to expand our breadth and depth of Operational Risk expertise within our Risk and Compliance Practice Area at the Expert Consultant level. As an Expert Consultant, you will be integrated into a BCG team and leverage your deep expertise on projects that reshape businesses. You will be given end-to-end responsibility for large and complex “modules” within a BCG project. You will work closely with clients to understand their issues, create strategies for change, and win buy-in for your recommendations, while also collaborating with colleagues on complex client issues. You will provide deep expertise and insight to clients and help build your expertise area within BCG. The majority of your time will be focused on supporting and executing case work. 

  • Leading/working cohesively with hybrid case teams consisting of operational risks consultants, including but not limited to technology, cyber, data, reputational, regulatory, compliance and change management risks. 
  • Developing operational risk management strategies, governance structures, policies, processes, and procedures.
  • Conducting risk assessments including control gap analysis and developing remediation roadmap. 
  • Good understanding of regulations, industry standards, and leading practices related the area of operational risks. 
  • Effectively interacting and communicating with risk management leaders, and senior business leaders.

Our Expert Consulting Track (ECT)

The Expert Consulting Track (ECT) is vital to BCG’s ability to successfully meet our clients’ demand for deep expertise and advanced technical capabilities. Experts deliver next-level impact for BCG's most complex and cutting-edge client challenges. Experts focus on developing BCG's thought leadership, commercial capabilities, and intellectual property assets; and their work is essential to our delivery model. Working as part of a multidisciplinary team to bring the ‘best of BCG’ to our clients, Experts come from diverse backgrounds, with expertise often gained outside of BCG in industry, academia, or specialized consulting.

What You'll Bring (Experience & Qualifications)

  • You have 4 to 8 years of relevant experience in operational risk consulting, developing risk strategy, driving risk transformation program, defining governance models, risk mitigation, and implementation of operational controls. 
  • Knowledge and experience on developing, establishing and/or managing models for risk assurance, transforming line 1 and 2 risk practices, continuous risk practice improvements, monitoring risk treatment plans, developing risk and control frameworks, policies and process, and application of these to business decisions.
  • Broad knowledge of GRC technologies to manage operational risks. 
  • Experience of working in a complex environment in financial services, and/or an industry which has tangible operational risk issues.
  • Ability to write proposals, reports and develop client presentations.
  • Ability to present to senior management groups for both training and reporting purposes.
  • Excellent communication, client facing and consulting skills.
  • Relevant tertiary qualification (Minimum of a Bachelor’s degree).
  • You preferably have applicable risk management certifications.
  • Flexibility and willingness to travel to our client locations in the Australia and beyond.

  • Applicants with Australian citizenship will be eligible to commence an Australian government security clearance. Those with a current Baseline, NV1, NV2 or PV will be advantageous.
  • You must be based in one of our offices in Australia or New Zealand: Sydney, Melbourne, Perth, Canberra and Auckland. The specific location is flexible, although the majority of Risk and Compliance team members are located in Sydney or Melbourne.
Diversity of thought, background, and experience is a core part of our BCG values and is key to delivering value to clients.

We are committed to fostering a diverse, equitable, and inclusive environment where everyone feels valued, connected, and empowered to be themselves and contribute to their fullest potential. Applications are encouraged from people of all backgrounds, including people of Aboriginal, Torres straight island, Māori or Pacific Island origin, individuals with a disability, those from culturally or linguistically diverse backgrounds, LGBTIQA+ individuals, women, and gender diverse individuals.

BCG’s efforts toward diversity, equity, and inclusion are recognised locally and globally: BCG Australia and New Zealand hold a WGEA Employer of Choice for Gender Equality citation and are awarded the Australian Workplace Equality Index Silver award for LGBTQIA+ inclusion.

We want to make sure everyone experiences a positive, barrier-free recruiting process. Please reach out to Lara Kostakidis-Lianos @ at any stage if you require additional support or adjustments to assist you with your experience, including support in submitting your application, providing identity documents, attending a job interview. This includes any specific support for transgender and gender-diverse individuals.

Date Posted:


Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
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