Job details
Location: London
Capability: Advisory
Experience Level: Manager
Type: Full Time
Service Line: Entrprse Risk Svs
Contract type: Permanent
Job description
The Team
Our Risk and Regulatory practice provides advisory services to assist leading organisations in the Wealth and Asset Management (“WAM”) sector. KPMG has a proven track record of helping clients in this area, and we have significant growth plans in this sector given the opportunities arising from a substantive regulatory agenda, an evolving and increasingly complex risk management environment, and a need to transform risk and compliance capability.
The Risk and Regulatory team possess a variety of core assurance and advisory skills and have considerable industry knowledge and specialist expertise of the UK and EU regulatory environment.
The Role – Manager
Responsibilities:
Advising clients on key areas of risk and regulatory compliance within the WAM sector and the challenges that changing regulation has on their business models. This role has a specific focus on front office controls and trading oversight. This will include supporting clients on the following areas:
- Front Office governance arrangements, control environments and corporate culture around dealing, investment management processes and related regulatory compliance in this area
- The development of Target Operating Models for risk and control functions cross the 3 Lines of Defence.
- Reviewing, developing, and implementing risk monitoring capability aligned to the investment teams and dealing desks .
- Conflicts of interest management across the front office including the use of related technology in this area. Developing best practice control and oversight around COBS compliance
- The review and development of market surveillance programmes including market abuse frameworks and related technology in this area
- Supporting regulatory change and implementation programmes with a specific focus on the front office, investment solutions and dealing.
- Pre/Post regulatory implementation health checks.
- Delivering client engagements, working in both small sized teams and larger, multi-disciplinary teams. This would include the whole engagement lifecycle: Planning to completion and reporting directly to the engagement Director and Partner.
- Delivering Section 166 reviews and reporting to the FCA as part of a wider team.
- Providing advice regarding regulatory requirements affecting the WAM sector.
- Delivering high quality written outputs for client consumption.
The candidate will also be expected to:
- Keep up to date with industry specific issues and circumstances which affect WAM regulation
- Prepare presentations and lead internal training
- Develop propositions and points of view around the risk and control environments within the Front Office, dealing and trading oversight teams.
The Person
Qualifications and Skills:
- Educated to degree level or equivalent.
- Professional qualification preferred (e.g. CFA, FRM, PRM), with strong knowledge of regulatory rules and guidance but crucially practical application within the WAM industry.
- Strong understanding of businesses, structures, governance frameworks, and process and control infrastructures of firms in the WAM sector.
- Strong communication skills and ability to influence and deal with senior individuals.
- Knowledge of the UK/EU regulatory environment, including the familiarisation with:
- FCA Handbook:
- SYSC
- COLL
- FUND
- MAR
- UCITS
- AIFMD
- MAR
- MiFID II
- FCA Handbook:
Knowledge/Experience:
- 5-10 years’ experience in a financial service role with specific experience in a risk or regulatory role.
- The ability to evaluate technical issues, analyse facts, consult and deliver solutions to clients.
- Excellent communication and presentation skills, including an ability to communicate well with clients (internal and external) in writing and verbally.
- Experience with Order Management Systems such as BlackRock Aladdin, CRD, Simcorp and Sentinel.
- Strong expertise of at least one of the following areas; Investment Risk, Investment Compliance, Market Abuse, Best Execution.
- Understanding of regulatory developments and key current issues facing clients.
- Experience in working with teams and the ability to work independently.
About KPMG
With offices across the UK, we are part of a global network of firms providing Audit, Tax & Law, Consulting, Deal Advisory and Technology Services to diverse clients.
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