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Assurance Assistant Manager – Wealth & Asset Management

Date: Jul 8, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID145884BR
Job TitleAssurance Assistant Manager – Wealth & Asset Management
CountryUnited Kingdom
FunctionRisk Consulting
Service LineFRM
Service Line InformationUsing a wide variety of technical and sector-specific skills, KPMG's Risk Consulting group proactively helps clients increase profits whilst reducing reputational, operational, financial and other risks. We are experienced in managing diverse issues including fraud, regulatory compliance, risk frameworks and modelling, capital efficiency, corporate governance, dispute resolution, deriving value from contracts and much more.

As subject matter experts with a breadth of experience and specialism across industry, consulting, academia and regulators, the risk team offer the skills and levers to provoke and support complex and unique risk transformational projects in the financial services industry.

KPMG OverviewKPMG 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.

Job Description
The Team

KPMG's FRM Wealth and Asset Management specialists advise asset management firms, including traditional managers, hedge funds and wealth managers on a variety of issues and challenges. The core services are summarised as:

- Assurance Reporting – Controls assurance reporting advice (relating to ISAE 3402, AAF 01/06, SSAE 18 etc.), GIPS, Benchmark Assurance, AUPs, ad hoc assurance
- Governance & Controls – Operational Due Diligence, Governance Reviews, Policies and Procedures Reviews, Investment Operations Reviews, Outsourcing Reviews
- Risk & Capital Management – Risk Management Framework development, Assurance Mapping, Risk Appetite, Strategic Risk Assessment, Regulatory Capital Assessments (ICAAP)

We are an ambitious and growing team which works with a variety of other departments in KPMG across financial services including banking and insurance, and across KPMG’s service functions of Advisory, Audit and Tax. We are highly regarded internally and at the forefront of emerging practice, helping to define the KPMG approach to client solutions the wealth and asset management sector.

The Role

The Assurance Assistant Manager will work closely with Directors and Partners to deliver assurance and advisory engagements to KPMG’s clients in the asset management sector. The primary areas of focus include:

- Internal Controls Assurance Reporting advice – helping clients produce internal controls reports for the first time under recognised standards such as AAF 01/06, ISAE 3402 and SSAE 18 and in developing areas such as benchmark assurance.
- Internal Controls Assurance Reporting technical reviews – conducting internal quality assurance reviews over draft internal controls reports using specialist knowledge to advise KPMG audit teams and manage the firm’s risk.
- Global Investment Performance Standards (GIPS®) assurance and advice – verifying clients’ compliance with GIPS, helping clients become GIPS compliant for the first time, and providing ad hoc technical advice to clients.
- Ad hoc assurance – varied assurance engagements for example internal audit-type reviews focussing on investment operations, or investment performance track record verification.

The role also includes opportunities to deliver client presentations, contribute to thought leadership, work on business development, assist with project management and coach members of the team. The team is based in Canary Wharf, London at KPMG’s UK headquarters, working at client’s offices in the City and West End for most projects. There is occasional overseas travel with recent projects in Hong Kong, Toronto and Seattle.


The successful candidate will have the opportunity to:

- Deliver high quality advisory and assurance engagements to a range of firms including top-tier global asset managers, hedge funds and fund manager start-ups.
- Assist clients with the drafting of internal controls assurance reports based on a strong understanding of operational risks in asset managers and of internal controls assurance standards.
- Deliver GIPS verification engagements, stay up-to-date with developments in GIPS and trends in investment performance, help clients navigate changing requirements, and provide ad hoc advice to clients on technical matters.
- Prepare and deliver presentations and seminars on technical topics both internally to the FRM team and externally as part of client engagements
- Assist with aspects of engagement management activities including internal risk management procedures, budgeting, timely billing an
d recovery of client chargeable time

Example Projects

Below are some example projects that we have worked on:

- Helped a global provider of indices and data services with their benchmark assurance review. This project covered the governance framework, and design and operating effectiveness of controls relating to index administration and calculation activities.
- Worked with an investment manager to help them integrate multiple local offices in other countries under a single combined global GIPS firm definition. This involved looking at consistency of policies and procedures, identifying overlap of investment strategies and helping bring local offices which had not previously claimed GIPS compliance into the global GIPS firm.
- Advised a client on the ISAE 3402 framework requirements, and assisted them with identifying and documenting internal controls to meet the prescribed control objectives

The Person

- Knowledge of the financial services industry, in particular the asset and wealth management sectors.
- Experience of working as an auditor or consultant, and have a genuine interest in assurance work.
- Keen to explore areas over which our clients, or our clients’ clients, might seek to gain assurance.
- Be able to adapt quickly in a fast-paced environment, taking on new challenges, dealing with changing client demands, whilst delivering work to a high standard of quality and demonstrating strong attention to detail.
- Strong project management skills demonstrated by a record of assurance and advisory project delivery.
- Strong communication and presentation skills, including an ability to communicate well with clients in writing and verbally especially at senior levels.

Our Deal

Flexible Working

Our employees have many varied work schedules to suit their individual needs!

Our intelligent working options range from role sharing and flexible start and finish times, to home working and more informal arrangements agreed within teams.

Check out examples of KPMG employees enjoying different working patterns on our website and please do share your own individual requirements with us.

Applying with a DisabilityAs a member of the Business Disability Forum we're committed to ensuring a great experience for colleagues with a disability. Should you be successful after the initial application stage, please discuss any adjustments that you may require with your recruitment contact.

KPMG's commitment to diversity

We are proud of the value we place on individuality. We want you to bring your full self to work and maximise your potential. KPMG is a place where everyone can thrive, whatever their gender, ethnicity, disability, sexual orientation and socio-economic background.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies: Policy

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