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Climate Risk Modelling - Assistant Manager

Date: Jul 11, 2021

Location: London, United Kingdom

Company: KPMG UK

The Team

The Banking Risk and Regulatory team within KPMG’s Risk Consulting group supports our banking clients to effectively manage the wide range of risks to which they are exposed, including financial, reputational and operational risks. We are experienced in managing diverse issues including regulatory compliance, risk management frameworks and financial risk modelling.

The Role

The role combines risk modelling, stress testing and regulatory advice to support clients on their climate risk framework and strategy. The successful candidate will work across multiple engagements to support our banking clients to understand and quantify the impact of climate risk on their business, particularly the loan portfolio and support the embedment of climate risk management within their existing risk management framework and credit risk processes.
We are looking for an Assistant Manager who is passionate and enthusiastic about climate change who can bring existing credit risk management and modelling expertise and experience to the team to support the development of our climate risk proposition.

The Person
• Demonstrable experience of working in a credit risk modelling role within a financial or professional services firm with practical experience in credit risk modelling
• Experience in quantification of climate risk hugely advantageous
• Strong analytical, science and/or mathematical-based background with an interest in the area of climate risk
• Detailed 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
• Knowledge and understanding of banking regulations in relation to climate risk
• Knowledge and experience of credit risk processes, governance and documentation advantageous
Skills, Qualifications and Behaviours
• Undergraduate degree in analytical field, such as mathematics or statistics
• Ability and desire to do own research and apply existing modelling expertise to new emerging areas such as climate risk modelling
• Ability to understand and execute programming code such as R, Python, SAS
• Excellent communication skills, both written and oral.
• Strong interpersonal skills with the ability to work with diverse groups and develop strong networks.
• Flexible, willing to learn and adapt to new responsibilities.

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