Credit Risk Assurance Senior Manager

Job description

We have an exciting opportunity for a Senior Manager to join our Credit Risk Assurance team. We are a specialist function within KPMG’s Audit Practice whose purpose it is to review and challenge complex statistical models used within audited entities as part of the overall financial audit process. Our team is made up of credit risk analysts from a broad and diverse range of quantitative backgrounds, including mathematics, engineering, physics, econometrics, and statistics.

As a Credit Risk Modelling Senior Manager, you will have a senior technical specialist role supporting the external audit of credit risk models (IFRS9, CECL, etc). You will have accountability for managing workstreams of large complex audits, from the initial scoping and planning phases to the delivery of testing.

As a member of our leadership team, you will work closely with the Directors and Partners to define the team’s strategy, contribute to the team’s thought leadership, and support colleagues in resolving the most complex technical issues.

You will be responsible for leading teams of and supervising the work of staff, providing coaching and development to assist them in the effective delivery of engagements. You will also have performance management responsibilities for a small number of employees.

The role offers exposure to a wide range of techniques used by institutions, from globally systemically important banks to small credit providers. It also provides access to the latest technology, including cloud-based data processing and software packages like Python, R and SAS.

Description of the Role

• Managing and executing quantitative testing engagements for large and complex engagements. This includes activities from scoping and planning, budgeting, progress tracking and the review of deliverables.
• Critically assessing appropriate model documentation against the requirements of the accounting standard and industry practice.
• Independently reperforming the procedures and tests detailed within the model documentation using the appropriate software packages.
• Completing associated documentation for quantitative testing in a clear and succinct manner.
• Acting as a key point of contact for other technical specialists to answer complex technical issues.
• Providing thought leadership on evolving issues in the market.
• Supporting the Credit Risk Assurance leadership in the running of the department (e.g., supporting with resourcing and formalised training).
• Leading the development of next generation audit tools and methodologies.
• Managing, coaching and training team members on engagements.
• Performance managing junior team members, ensuring that you are having rich development conversations that supports their growth and career progression.

Role Dimensions

Technical core competencies required for the role:

Our Global Audit & Assurance Technical core competencies provide clarity and consistency of expectations to ensure the minimum audit technical requirements are being met by level to drive Audit Quality, which is fundamental to achieving our ambition to become the most trusted and trustworthy firm. The relevant competencies for this role are:

• Technical knowledge: Understands relevant technical accounting and financial reporting standards as well as being well versed in contemporary statistical techniques and practices in credit risk modelling.
• Technology skills: Able to read, interpret and create software code, and is well versed in modern computing languages related to credit risk modelling (e.g. SAS, Python, or R).
• Professional scepticism and issue identification: Applies professional scepticism, objectivity and independence to identify and support resolution of potential audit issues.
• Documentation: Completes audit documentation demonstrating an unwavering focus on audit quality.

People & Culture:

• Embrace and embed our culture ambition of high challenge, high support which is grounded in Our Values.
• Operate with a curious and sceptical mindset ensuring that this is embedded in your every day work.
• Actively lead and embed a coaching culture to get the best out of others in an environment where everyone in the team feels empowered to speak up or challenge where appropriate.
• Be accountable, professional and act in the public interest, working for the benefit of shareholders of audited entities and wider society.
• Be inclusive and embrace the opportunity to work with other teams within Audit and across the firm in an integrated way. Have a sense of community, purpose and fun.

Experience and Knowledge Requirements

(E - Essential)

• Detailed understanding of IFRS 9 and other relevant accounting standards. (E)
• Detailed understanding of credit risk models and statistical estimation processes. (E)
• Able to direct complex code development in languages like R, Python, SAS. (E)
• Proven track record of managing and delivering a portfolio of complex workstreams with stakeholder deliverables. (E)
• Track record of delivering innovation in the development of new tools / software that led to demonstrable improvements in performance and efficiencies. (E)
• Extensive experience of leading and performance managing teams, coaching and mentoring staff at all levels. (E)

Behavioural Attributes and Skills

• Excellent written and verbal communication skills; able to communicate complex matters in a clear and compelling manner.
• Strong organisational and time management skills; able to work effectively in a fast-paced environment with conflicting priorities and deadlines.
• Self-driven and resilient; able to thrive in a high-pressure environment.
• Strong analytical skills and attention to detail; able to analyse and interpret complex technical information.
• Effective team working skills; works collaboratively with others, building effective relationships and working towards shared goals.
• Takes full accountability for their team’s delivery of high-quality work.

Qualifications

• Degree in a quantitative subject - desirable

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that all candidates are treated fairly throughout the Recruitment Process.

We pride ourselves on being a place where your individuality is valued; you can be yourself and still achieve your potential. We believe that your individuality helps us to deliver the best results to our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference.