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Please note: The preferred location for this opportunity is London however we can consider Manchester as a base with regular travel to London CSQ.

The Role

This role is a core part of delivering our Trust and Growth strategy for Consulting. The Consulting Risk Management team forms part of our first line of defence, helping to ensure our risk and quality processes are effectively implemented. We support our client facing colleagues to ensure that projects we undertake do not put the firm at risk or undermine our reputation.

- Team lead responsible for ensuring that we have the capacity and capability to support the Consulting capability group
- Understanding and assessing risk and policy implications of projects
- Acting as an additional point of business support and available for team to consult about risk management queries
- Responsible for recruitment, capacity management, budget
- Responsible for skills planning, intra-team training
- Responsible for intra-team operational processes and co-ordination/liaison amongst team
- Responsible for team’s risk assessment system (CEAC) updates and requirements
- Day-to-day tasks such as holiday/absence planning, application HR policy
- Other tasks as may be required
Leadership & Management:

The role requires taking on a significant amount of responsibility for the operation of the team and the level of support provided to Consulting.

Stakeholder Interaction & challenges:

In addition to the Consulting Risk Management team (c. 25) you would also be expected to develop relationships with a variety of internal specialists such as the CEAC team, Ethics & Independence, Information Assurance, IT Security and Legal.

The role also involves dealing with, and challenging, a wide variety of stakeholders, primarily client facing partners and their teams and assisting them to navigate KPMG’s risk processes.

Impact, Risk, Accountability & Governance:

The role involves a high level of responsibility for guiding the business and the operation of KPMG’s risk controls.

The Person

Experience

Essential

- People management experience
- Risk management experience

Desirable


- Business process experience
- Team lead, Departmental Senior Manager or People Leader experience

Expertise / Technical role requirements

- Strong understanding of risk controls and processes
- Business process management
- Understanding of Engagement Management principles
- Able to learn risk policies and apply principles to real life scenarios
- Knowledge of one or more KPMG service lines
Skills

- Strong communication skills; able to state technical matters in clear and concise terms; able to discuss technical matters and explain these to senior stakeholders
- Excellent professional judgement
- Exceptional adherence to professional standards including Ethics & Independence and other regulatory obligations

Credit Risk Modellers - Manchester

KPMG Overview:

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.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Roles Responsibilities:

• Credit model development, validation and review activity Model data extraction and pre-processing
• Technical analysis for workstreams within both IFRS9 and credit risk modelling engagements. This includes critically assessing the staging criteria adopted by our clients, helping our clients design and implement staging criteria, critically assessing and conducting impact assessments of various technical decisions on expected credit losses (eg expected lives, definition of default etc)
• Modular model development User acceptance testing Model performance assessments
• Using programming languages like R, Python, SAS, or SQL to perform data extraction and data quality analytics
• Production of model monitoring reports
• Stakeholder Interaction and Challenges
• Communication of risk/finance requirements of modelling to the reciprocal function, i.e. risk to finance and finance to risk.
• Contribute in a senior capacity to a broad range of credit risk engagements.

Qualifications, Experience and Skills Required:

•Experience in credit risk modelling techniques.
•Experience of executing programming code including VBA, R, Python, SAS, MatLab, C++, SQL
•Relevant sector experience – Developing Retail/ Wholesale banking PD/EAD/LGD models and scorecards understanding the modelling steps required in developing credit models
•Experience in reviewing models
•Experience of IRB/Capital models and regulation IFRS9
•Experience of stress within Retail/ Wholesale banking context
• Detailed working knowledge and experience of all aspects of model development and validation including the following:
o Data extraction and pre-processing
o Modular model development
o User acceptance testing
o Model performance assessments
o Production of model monitoring reports
• Experience communicating risk/finance requirements of modelling to the reciprocal function, i.e. risk to finance and finance to risk.
• Experience of contributing in a senior capacity to a broad range of credit risk engagements.
• Experience of planning, project management, networking and influencing skills
• Experience in IFRS9 and IRB.

Opening Date: 30/01/2020
Closing Date: 27/02/2020
Competitive salary plus negotiable benefits
Multiple positions available’

Responsibilities


Acting as a technical subject matter specialist on the external audit of credit risk models (IFRS 9, CECL, Regulatory) at our audit entities and conducting procedures that include but are not limited to:

1) Technical model development documentation review
2) Technical model validation documentation review
3) Assessment of model performance
4) Independent replication of any of the above

Acting as a technical subject matter specialist on the external audit of audit entities end to end credit risk process and conducting procedures that include but are not limited to:

1) Credit risk governance reviews
2) Credit risk policy and procedure reviews
3) Individual credit file reviews
4) Substantive testing of any of the above

Advising non audit clients on the impact of changing requirements in provision accounting standards (IFRS9) and helping clients validate or build credit risk measurement models.

The individual will also be expected to complete technical analysis for workstreams within both IFRS9 and credit risk modelling engagements.

The individual will also be expected to work independently and be able to manage teams of up to 10 on audits or advisory engagements. Said individual would also be responsible for the quality and risk management on audit and advisory 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:
- 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
- Knowledge and practical experience in accounting and risk requirements as related to IFRS9, CECL 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:



- Ability to communicate risk/finance requirements of 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 skills.
Flexibility to work across the UK (and internationally) where required

The Role




Roles& Responsibilities


Acting as a technical subject matter specialist on the external audit of credit risk models (IFRS 9, CECL, Regulatory) at our audit entities and conducting procedures that include but are not limited to:




1) Technical model development documentation review
2) Technical model validation documentation review
3) Assessment of model performance
4) Independent replication of any of the above


Acting as a technical subject matter specialist on the external audit of audit entities end to end credit risk process and conducting procedures that include but are not limited to:


1) Credit risk governance reviews
2) Credit risk policy and procedure reviews
3) Individual credit file reviews
4) Substantive testing of any of the above


Advising non audit clients on the impact of changing requirements in provision accounting standards (IFRS9) and helping clients validate or build credit risk measurement models.


The individual will also be expected to complete technical analysis for workstreams within both IFRS9 and credit risk modelling engagements.


The individual will also be expected to work independently and be able to manage teams of up to 10 on audits or advisory engagements. Said individual would also be responsible for the quality and risk management on audit and advisory 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




Qualifications, Skills, Experience and Background




• 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
• Knowledge and practical experience in accounting and risk requirements as related to IFRS9, CECL 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


• Ability to communicate risk/finance requirements of 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 skills.



Opening date: 18/02/2020


Closing date : 16/03/2020


Competitive salary plus negotiable bonus and benefits