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Banking Risk Consultant - Climate Risk Modelling - Manager

Date: Sep 11, 2021

Location: London, United Kingdom

Company: KPMG UK

Role Purpose & Context:

Climate risk has emerged as a top priority risk to banks and we are helping our clients to respond to the immense challenges posed by climate change, including how to integrate climate risk management and measurement, and meet global regulatory, investor and stakeholder demands.
We are looking for a Manager who is passionate and enthusiastic about climate change who can bring climate risk expertise and experience in the context of banking to help build out the development of our climate risk proposition and service offerings in this exciting, cutting edge, and incredibly important area, as well as delivering these offerings with our banking clients.
This opportunity is within our Banking Risk team, which is part of our Financial Risk Management consulting practice. This team houses many subject matter experts that focus on supporting our banking clients with achieving their prudential and conduct risk and regulatory objectives.

Key Responsibilities:

• Provide expertise / input on climate risk in the context of risk modelling and measurement, stress testing, risk management, strategy, and regulatory expectations.
• Contribute to the development of materials, tools and methodologies to support our climate risk proposition for use in client meetings, engagements, events, and broader thought leadership.
• Collaborate with global stakeholders on the development and coordination of climate risk offerings.
• Manage one or more client engagements or components of large scale engagements, delivering high quality climate risk support to our banking clients, including day to day management of team on engagements including coaching, providing constructive feedback and performance development.
• Ensure effective management of the risks and financials of engagements.
• Build and maintain strong relationships with middle to senior level staff internally and externally.
• Use knowledge of KPMG’s climate risk as well as broader service offerings to actively identify potential new business opportunities.
• Contribute to and/or manage the development of proposals.
• Develop and maintain a detailed knowledge of climate risk regulations and an awareness of broader banking regulations, market trends, competitor activity and products/services.
• Provides technical knowledge, coaching and training to junior team members.

Development Value:

This role provides a unique opportunity to be part of building KPMG’s banking risk capabilities in an exciting and rapidly evolving area. It will provide unique visibility across the firm and within our clients, and offer exposure to different parts of the firm, different clients, and different products and engagements.

The Individual:
Experience & Knowledge:

• Minimum 5 years’ experience working in a credit risk modelling role within a financial or professional services firm with practical experience in credit risk modelling
• Experience in managing smaller teams of 2-5 people
• Understanding of the risks faced by financial services due to climate change and how they can be managed, measured, and integrated into banks risk management frameworks
• Knowledge and understanding of banking regulations in relation to climate risk

Qualifications, Skills & Competencies:

• Self-starter, with the ability and desire to do own research and apply existing climate risk expertise to the banking risk environment
• Strong analytical, science and/or mathematical-based background with ability and interest in applying that expertise to develop climate risk models
• Experience in quantification of climate risk hugely advantageous
• Practical working knowledge and experience of model development and validation
• Basic understanding of the risks faced by financial services due to climate change and how it may impact a Bank’s loan portfolio is advantageous
• Excellent communication skills, both written and oral
• Strong interpersonal skills with the ability to lead diverse groups and develop strong networks
• Strong organisational skills and the ability to multi-task effectively, with a practical solutions-driven approach
• Excellent stakeholder management skills, across individuals within the firm and our banking clients


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