I'm looking for

The Role


Responsibilities:


Advising clients on the impact of changing requirements in provision accounting standards (IFRS9) and
Basel credit risk capital requirements (IRB). This will model review and validation activities such as:


- Technical model development documentation review;
- Technical model validation documentation review;
- Assessment of model performance;
- Replication testing; and
- Reviewing models’ against IRB regulatory requirements.The individual will also be expected to perform technical analysis for workstreams within both IRB, IFRS9 and credit risk modelling engagements.



The individual will also be required to apply their skills to a broad range of banking risk related issues supporting both regional and national propositions.


The Person

Knowledge & Experience:
Proven experience working in a credit risk modelling role within a financial or professional services firm.
Practical experience in credit risk modelling techniques
Knowledge and practical experience in accounting and risk requirements as related to IRB, IFRS9, and other regulatory credit risk models
Detailed working knowledge and experience of all aspects of model development and validation including the following:

1) Data extraction and pre-processing
2) Modular model development
3) User acceptance testing
4) Model performance assessments
Relevant Sectoral experience – developing Retail/ Wholesale banking PD/EAD/LGD models
Knowledge and experience of credit risk processes, governance and documentation

Qualifications & Skills:

Ability to communicate risk/finance requirements of IRB and/or IFRS9 to the reciprocal function, i.e. risk to finance and finance to risk.

Ability to understand and execute programming code including SAS, R, Python
Flexibility and agility to contribute in a senior capacity to a broad range of banking risk engagements.

Excellent oral / written communication, planning, project management, networking and influencing skills.

Flexibility to work across the UK (and internationally) where required

Responsibilities:


Advising clients on the impact of changing requirements in provision accounting standards (IFRS9) and
Basel credit risk capital requirements (IRB). This will model review and validation activities such as:

- Technical model development documentation review;
- Technical model validation documentation review;
- Assessment of model performance;
- Replication testing; and
- Reviewing models’ against IRB regulatory requirements.The individual will also be expected to perform technical analysis for workstreams within both IRB, IFRS9 and credit risk modelling engagements

The individual will also be required to apply their skills to a broad range of banking risk related issues supporting both regional and national propositions. This could include reviews of Governance frameworks, Stress testing, Risk appetite, ICAAPs.

The individual will also be expected to work independently and be able to manage teams when delivery a range of projects.



The Person


Knowledge & Experience:


- Experience working in a credit risk modelling role within a financial or professional services firm.

- Experience in managing teams of 6-10 people

- Practical experience in credit risk modelling techniques, IRB and IFRS9

- Knowledge and practical experience in accounting and risk requirements as related to IRB and/or IFRS9 and regulatory credit risk models.


Detailed working knowledge and experience of all aspects of model development and validation including the following:

1) Data extraction and pre-processing

2) Modular model development

3) User acceptance testing

4) Model performance assessments
Relevant Sectoral experience – developing Retail/ Wholesale banking PD/EAD/LGD models

Knowledge and experience of credit risk processes, governance and documentation

Qualifications & Skills:


- Must have excellent knowledge and experience within the finance sector.

- Ability to communicate risk/finance requirements of IRB/IFRS9 to the reciprocal function, i.e. risk to finance and finance to risk.
- Flexibility and agility to contribute in a senior capacity to a broad range of banking risk engagements.
- Excellent oral / written communication, planning, project management, networking and influencing, team coordination and stakeholder management skills.
-
Flexibility to work across the UK (and internationally) where required

The Role


Responsibilities:


Advising clients on the impact of changing requirements in provision accounting standards (IFRS9) and
Basel credit risk capital requirements (IRB). This will model review and validation activities such as:


- Technical model development documentation review;
- Technical model validation documentation review;
- Assessment of model performance;
- Replication testing; and
- Reviewing models’ against IRB regulatory requirements.The individual will also be expected to perform technical analysis for workstreams within both IRB, IFRS9 and credit risk modelling engagements.



The individual will also be required to apply their skills to a broad range of banking risk related issues supporting both regional and national propositions.


The Person

Knowledge & Experience:
Adequate experience working in a credit risk modelling role within a financial or professional services firm.
Practical experience in credit risk modelling techniques
Knowledge and practical experience in accounting and risk requirements as related to IRB, IFRS9, and other regulatory credit risk models
Detailed working knowledge and experience of all aspects of model development and validation including the following:

1) Data extraction and pre-processing
2) Modular model development
3) User acceptance testing
4) Model performance assessments
Relevant Sectoral experience – developing Retail/ Wholesale banking PD/EAD/LGD models
Knowledge and experience of credit risk processes, governance and documentation

Qualifications & Skills:

Ability to communicate risk/finance requirements of credit models (ie IRB and/or IFRS9) to the reciprocal function, i.e. risk to finance and finance to risk.

Ability to understand and execute programming code including SAS, R, Python
Flexibility and agility to contribute in a senior capacity to a broad range of banking risk engagements.

Excellent oral / written communication, planning, project management, networking and influencing skills.

Flexibility to work across the UK (and internationally) where required

Climate Risk and Decarbonisation Strategy
Are you looking for an exciting career at the cutting edge of KPMG’s response to the global agenda on climate change?

Do you want to work in a lively and energetic environment where you will have the opportunity to shape a brand new proposition and advise on some of the biggest structural shifts the world has ever seen with a range of FTSE clients?

If so, then consider joining us in KPMG’s newly established Climate Risk & Decarbonisation Strategy team. Led by Simon Weaver and Bridget Beals, the Climate Risk and Decarbonisation Strategy team has been formed to help our clients respond to the immense challenges posed by climate change, assisting them to identify and quantify climate risks to their business to meet regulatory, investor and stakeholder demands; analyse and assess the range of mitigation and adaptation strategies available to them to mitigate the risks; implement the strategies; and, finally, embed the risk, strategy, targets and governance into financial reporting, helping to pave the way to a low carbon economy.

We have a vision for every Board to consider climate change in their Enterprise Risk Management. So far, we have focused on FTSE250 Boards with really positive results – we are already responding to several RFPs and are having bilateral conversations with respect to scopes of work with 5 other major listed corporates. This is hugely encouraging as we pursue our ambition of delivering £140m of profit with purpose for KPMG by 2025.

The successful candidates will work across multiple engagements managing the delivery of key outputs relating to the different facets of our proposition and shaping our future propositions.

We are looking for hires who can provide the perfect combination of passion, dynamism, enthusiasm, capability, accountability, and above all the ability to be a great team player.

We require strategy, climate change and risk expertise across the grade profiles. We will select and optimal mix of talent to allow the team to share skills to build capability, but ensure that team members have the ability to grow and build their careers within the Climate Risk and Decarbonisation Strategy team as we capitalise on the immense opportunities we are faced with.

Responsibilities

Key responsibilities of the role include managing and actively originating Climate Risk and Decarbonisation Strategy engagements by:

- Helping lead business development initiatives including targeting key C-Suite level individuals, proposing KPMG's services and closing opportunities
- Acting as the primary team interface with various levels of client executives up to and including C-Suite Level
- Managing the delivery of project deliverables and advising persuasively, earning the position of a trusted advisor
- Developing the team culture and inspiring and empowering team members to be the best
- Participating in the professional development of KPMG Climate Risk and Decarbonisation team members and assist with the recruiting and training of new staff
- Any other duties commensurate with the role.
Please send your CV with a cover letter of no more than 2 pages explaining:
1. Why you want to work in Climate Risk & Decarbonisation Strategy
2. The skills you would bring to the team and why you think they are important for the team to have
3. Anything else you think is relevant to your application

The Accounting Consultation team provides in-depth technical accounting knowledge to the audited entities in KPMG’s Banking Audit practice. The team brings technical knowledge with practical insights and experience in the banking sector to advise our audit teams on their most complex and judgmental technical accounting and reporting issues. We have one position available in our Birmingham office.

The team creates added value through:
-Seamless integration into investment and retail banking audit teams to assist and deliver on the most technical accounting aspects of their audits.

- Translating subject matter expertise on complex accounting areas such as IFRS 9, hedge accounting and structured transactions into comprehensible and practical solutions.

- Be at the forefront of, and drive best practice in, financial instruments reporting across the KPMG audit practice.
- Provide high quality and practical training and education for external and internal audiences.
- Maintain close links with KPMG UK’s national and global technical departments

Role and Responsibilities

- Advise on a wide range of accounting and reporting areas, with a focus on financial instruments for our retail and investment banking clients.

- Integrate into audit teams to deliver responsive support based on strong project management skills.

- Direct interaction with clients on our biggest clients and/or areas that attract significant accounting risk.

- Inspection of financial statements of Public Interest Entity clients prior to issuance

- Develop internal and external training on accounting and financial reporting matters

- Respond to ad-hoc accounting queries from audit teams

- Manage and mentor team members.
- There will also be opportunities to get involved in some advisory engagements and projects led by other KPMG teams where accounting SME support is required, e.g. IBOR replacement, Brexit, Finance transformation and transaction services.

- Responsible for delegating, coaching and leading a team of assistant managers who specialise in technical accounting alongside other managers and under guidance of Partners/Directors to support our most complex banking audit clients.

- Direct interaction with Banking audit Partners/Directors and regular interaction with senior members of Banking audited entities' accounting policy and finance functions, delivering insights in GAAP compliant solutions to the audited entities most complex technical challenges.

- Responsible for delivering technical accounting solutions to maintain industry leading audit quality to a range of complex audited entities including global investment banks, mid-tier building societies and smaller private banks. Solutions will be provided post internal consultation within the team.

Qualifications and Skills

- Work experience in an accounting firm or finance function focusing on financial instruments related technical accounting relevant to financial institutions.
- Experience of evaluating complex technical issues, requiring analysis of facts and circumstances and consideration of alternatives culminating in provision of sound practical GAAP compliant accounting solutions.

- Audit experience

- Knowledge of finance processes, particularly accounting processes or financial reporting.

- Professional qualification: ACA, ACCA or CPA.
- Strong technical knowledge of accounting standards related to financial instruments or relevant to Financial Services clients (IAS 32 and 39, IFRS 3, 7, 9, 10, 13, 15 and 16, and FRS 102 sections 11 and 12) and crucially their practical application within the banking industry- Excellent written and communication skills; including delivering presentations and an ability to communicate well with clients in writing and verbally.

- Strong project management skills, demonstrated by a record of accounting project delivery;
- Ability to motivate a team and lead by example.


Opening date: 28th September 2020
Closing date: 26th October 2020
Competitive salary plus negotiable benefits