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Finance Transformation (Regulatory and Controls) - Manager

Date: Sep 21, 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
• Manage Client delivery workstreams
• Take accountability for the successful delivery of engagement outputs and Client outcomes
• Provide structure and direction to the delivery of engagement activities
• Build positive and collaborative relationships with senior Client stakeholders
• Facilitate collaborative and fulfilling working environments for the Client and KPMG staff on engagements

Business Development
• Build and leverage both internal and external relationships to support Partners / Directors / Senior Managers to create business development and sales opportunities for the firm
• Contribute to the development of response for proposals (RFPs) to Client opportunities
• Develop innovative and Client focused go-to-market propositions
• Build credibility and relationships in the market
• Seek to cross-sell and bring opportunities to other part of the firm where appropriate

Practice Development
• Support senior management with internal operational responsibilities for the team
• Lead practice development initiatives and provide guidance to junior members of the team on these initiatives
People Management
• Lead and/or contribute to formal training, knowledge sharing, networking activities for the team
• Act as informal career development mentor and coach for junior members of the team

Skills, Experience & Qualifications

For Regulatory and Control Transformation specific roles within FT practice we look for:

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. Can bring expertise in best in class process and controls knowledge, specific to Retail and/or Investment Banking that could be brought to life through an internal controls transformation.
4. 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 / Necessary skills & experience
• Understanding of Banking Finance processes and reporting requirements
• Experience in designing data, technology and business solutions to meet Client issues and challenges
• Strong people manager who can lead small teams and develop/coach others
• Experience of working on Client sales teams and developing strong Client relationships
• Experience working with and influencing stakeholders
• Project management experience
• Strong analytical and numerical skills
• Ability to create and deliver high level presentations and outputs to senior stakeholders
• Manage diverse project teams with a mixed of Client, KPMG, 3rd party suppliers and independent contractor resources

Additional skills and experience (preferred)
• Accountancy qualification with strong post qualification experience (or equivalent experience)




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