Assistant Manager- Financial Risk Management

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • KPMG
  • 11 Mar 19

KPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

Overview of roles and responsibilities:

Over the last few years, Model Risk Management (MRM) has gained increasing regulatory focus across the globe. Banks are expected to adhere to more stringent guidelines and ensure they have a robust framework in place to capture all sources of model risk and implement mitigating measures.

The KPMG MRM team advises and assists a range of clients from large international banks to smaller financial institutions in developing and enhancing their MRM framework. The Assistant Manager will support primarily technical MRM engagements covering a range of model types (e.g. pricing, valuation and risk models) and assist the KPMG MRM proposition in defining solutions for the key emerging MRM themes in the industry, including implications of automation, increasing efficiency of the MRM framework for our clients and adhering to regulatory standards. The expectation is that the role will grow over time to provide a balance of quantitative and broader advisory and client facing responsibilities.

As a member of the banking segment, the Assistant Manager is required to apply his/her skills to a broad range of banking related issues supporting both UK and Global propositions. In particular, the Assistant Manager will participate proactively in model risk and, if required, wider risk and capital related engagements.

Qualifications & Skills:

• Strong understanding of pricing, valuation and risk models and associated regulatory guidelines, including but not limited to the guidelines prescribed in SR11’7, PRA SS3’18 and ECB guide for internal models.
• Whilst the primary focus is on the technical MRM capabilities, an understanding of the qualitative model risk aspects (e.g. an understanding of the end-to-end model risk lifecycle, model documentation standards, model risk policy requirements, etc.) is advantageous.
• Ability to distil highly technical content into a simple and clear manner for a non-technical third party and senior management is crucial.
• Highly proactive in contributing to team work and delivering high quality of work with an attention to detail.
• Excellent oral / written communication, networking and influencing skills.
• Flexibility to contribute on a broad range of banking risk engagements as well as external marketing material.
• Programming skills such as Python or R is preferable but not essential.