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Macro Economics Assistant Manager

Date: Mar 29, 2021

Location: London, United Kingdom

Company: KPMG UK

KPMG’s Economics team serves a diverse international client base, advising firms on a broad range of high- profile issues, from strategy, to financial stability to impact of regulatory changes as well as competition issues across a variety of industries.

The practice spans a number of functional areas, with core skills ranging from micro and macro-economics, competition and regulatory economics, micro and macro-econometrics, regulatory strategy, cost modelling, pricing and regulatory finance and accounting.

In the macro-economic space, engagements include IFRS9 economic scenario assistance on KPMG-audited entities and advisory banks; stress testing for financial institutions and forecasting market and sector outlook for our deals advisory clients. Our team of economists works closely with leading academic advisors, drawing on in-depth sector knowledge from experts within the KPMG network, to deliver high quality economic advice to our clients.
KPMG’s Economics team sits within KPMG Forensic, and is part of KPMG’s Risk Consulting group.

The highly successful Economics practice at KPMG is looking to accelerate its recent growth. The team typically works with clients at board level, offering interesting and varied work, and the opportunity to earn substantial rewards by expanding our successful practice in the UK and across Europe

The Role

KPMG is seeking an Economic Assistant Manager to join our growing macroeconomics team. The macroeconomics team advises clients on the impact of future economic conditions on client’s business.

The work will involve assessment and generation of economic scenarios for stress testing, IFRS9 and other Stress testing regulatory exercises, development of economic scenarios using macroeconomic models, building revenue and cost projections, market sizing, elasticity analysis and economic strategy evaluation.

The responsibilities include:

- Providing macroeconomic advice to internal and external clients
- Building bespoke economic models to assess the impact of macroeconomic factors on the client’s business
- Developing and enhancing quantitative tools to forecast a variety of macroeconomic variables
- Drafting Audit memo’s for IFRS9 clients summarizing plausibility and benchmarking testing performed.
- Secondments to clients to assist with specific projects
- Delivering specific advisory projects in Stress testing, IFRS9, Deal Advisory, Infrastructure and cost forecasting.
- Business development for the Economics team

Skills, qualifications and experience required

- A 2.1 or First class undergraduate degree in Economics
- A 2.1 or First class Masters’ degree in economics from a top rated university
- Experience working with another professional services firm, Financial Institution, Central Bank or Think Tank in a macroeconomics team/unit.
- Experience developing macroeconomic models and other econometrics models including dynamic factor models, Vector Autoregressive models, Bayesian models and other macroeconometric models.
- Experience mapping and tracking economic trends globally
- Understanding and experience of DGSE models, structural economic models and other general equilibrium models.
- Proficiency coding in R, Matlab, Stata and E-views.

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