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Finance Transformation (Regulatory & Controls) - Assistant Manager

Date: Sep 27, 2021

Location: London, United Kingdom

Company: KPMG UK

This is a fascinating time for Financial Services and our firm. While there are significant challenges, the opportunities to lead and reshape the future have never been greater. Clients are placing a premium on the services provided by the advisors they trust. As a global leading professional services firm with over 17,000 staff in the UK alone and a track-record of delivering market-leading solutions, we work collaboratively with our Clients to develop strong relationships and become their advisors of choice.

Joining KPMG means joining a talented team of exceptional colleagues who bring innovative thoughts and a natural curiosity to the work they do each day. No one type of person succeeds at KPMG; a diverse business requires diverse personalities, characters and perspectives. There really is a place for you here.

Department Information and Context

In Financial Transformation, we improve the effectiveness and efficiency of the Finance function and generate real insights to help deliver value to the business. Our mission statement is to create a sustainable practice which is recognized as being number one in the industry.

Our Financial Transformation practice is a priority area for significant and strategic growth and the team works with leading Investment and Retail Banks, focusing on understanding the core issues and opportunities, to deliver value-adding change across their Finance & Risk functions. The key drivers of change for our Banking clients are regulatory reform, cost reduction and Finance optimisation and our service offerings reflect this demand.


Roles & Responsibilities
The role sits within our Regulatory and Control Transformation Capability working with Clients to deliver regulatory change as well as strengthen their internal governance and controls environment. The capability focuses delivering more than pure compliance and positions regulation and control at the centre of business transformation to drive operating efficiency and effectiveness.

Successful candidates should have excellent Banking Industry experience, as well as in-depth knowledge of Regulatory Reporting processes, Regulatory implementation programmes and Financial Control Frameworks.

They should also be able to demonstrate the following:

Client Delivery
• Work as part of a mixed KPMG and Client resource project team to deliver elements of Regulatory and Control Transformation engagements
• Support the team and contribute to the successful delivery of engagement outputs and Client outcomes
• Build positive and collaborative relationships with KPMG and Client resources
• Facilitate collaborative and fulfilling working environments for the Client and KPMG staff on engagements

Business Development
• Support the management and leadership in developing innovative and Client-focused go-to-market propositions around UK SOX and the Regulatory change agenda
• Building and leveraging both internal and external relationships to support Partners and Directors in driving business development and sales activities

Practice Development
• Support senior management with internal operational responsibilities for the team
• Support the management and leadership in developing innovative and Client-focused go-to-market propositions
People Management
• Participate in skills training, knowledge sharing and networking activities with the team


Skills, Experience & Qualifications
The role sits within our Regulatory and Control Transformation Capability working with Clients to deliver regulatory change as well as strengthen their internal governance and controls environment. The capability focuses on delivering more than pure compliance and positions regulation and control at the centre of business transformation to drive operating efficiency and effectiveness.

Successful candidates should have excellent Banking Industry experience, as well as in-depth knowledge of Regulatory Reporting processes, Regulatory implementation programmes and Financial Control Frameworks.

For controls transformation we look for:

1. A clear understanding of the regulatory environment around internal controls, including the Brydon review and the ongoing consultation of the UK Sox regime.
2. Demonstrates experience of operating either in a SOX regime or a similar internal controls reporting regime. Can explain the challenges and best practice in executing a SOX style controls testing and controls reporting environment.
3. An appreciation of how to work in a project environment, the setup, their roles and the role of external parties on these transformations.

For regulatory transformation we look for:

1. A clear understanding of the regulatory environment around UK/EU Prudential reporting (including FINREP, Capital, RWA and Liquidity) for banking and investment entities, and an awareness of the evolving regulatory landscape and ecosystem
2. Demonstrates experience of working in finance and regulatory change and can explain the impact of change to the operating model, across process and controls, governance, data and systems
3. Understand what good looks like for an end to end regulatory reporting process and can explain the key challenges being faced in moving to an efficient and effective reporting environment
4. Can bring expertise and best practice in target operating model design and implementation, along with process improvement through technology enabled solutions
5. Track record of operating in a project environment and able to work with a variety of stakeholders to achieve transformation and business outcomes

Core skills & experience:

• Previous experience delivering changes within Banking or a Finance function
• Understanding of Banking Finance processes and reporting requirements
• Experience in supporting the design of data, technology and/or business solutions
• Strong communication skills and ability to develop strong relationships
• Experience working with a diverse stakeholder group
• Strong analytical and numerical skills
• Ability to create and deliver high level presentations and outputs for internal presentation/review

Additional skills and experience (preferred)
• Part or recently completed Accountancy qualification (or equivalent experience)





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