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IB Change – Market Risk - Manager

Date: Nov 19, 2021

Location: London, United Kingdom

Company: KPMG UK

We are looking for experienced Managers to join our FS Consulting practice.

In this role, you will have the opportunity to work with a wide variety of banks, leading in providing advisory and implementation support in relation to regulatory changes in market risk functions.

KPMG has a proven track record of helping clients in this area and we have significant growth plans given the opportunities arising from continued regulatory scrutiny and increasing regulatory change.

Our team members possess a variety of core advisory and assurance skills and have considerable industry knowledge and specialist expertise in financial services risk and regulation.


The role

As a Manager in the team, you will be making significant contributions through deep sector expertise, client engagement and delivery of new business opportunities. You will help grow the team by leading client engagements, supporting business development activities and developing value propositions. We are looking for an experienced individual who is highly motivated, passionate about what they do.

Core elements of the role will require you to:
- Lead engagements / workstreams in market risk functions covering i) advisory and implementation support, and ii) post implementation independent reviews
- Lead market risk change impact assessments and target operating model design / reviews
- Programme management of market risk change engagements
- Formulate propositions and solutions that meet client requirements
- Business development support across key market risk propositions
- Manage and mentor teams of 4-5 people
- Support development and conversion of a pipeline of opportunities through sell-on and/or new work
- Build and maintain strong client relationships within the sector, leveraging proven industry content and delivery capability
- Ability to develop & Implement risk analysis tools for reporting, analytic and identification purposes.
- Prepare in-depth risk reports and updates for Senior management, risk committee and relevant parties.



The person

Required knowledge and experience:
- 5 years minimum experience of working within market risk functions
- Consulting experience in Capital Markets within a Professional Services firm (Big 4 ideal)
- Experience in a major Capital Market institution’s internal consulting team or change function is also acceptable
- Experience in managing delivery of market risk change programmes and other change programmes across sell side, buy side and financial market infrastructure firms
- Track record of successful delivery across Capital Market institutions. Experience in initiation through to implementation of market risk change projects covering business impact assessment, requirements analysis and change delivery
- Deep understanding of key industry, market and regulatory drivers shaping the industry and an ability to articulate these by way of client opportunities
- Experience in setting up risk appetite and risk frameworks is desirable
- Possess technical understanding of OTC products and their risk profiles (asset class can be Prime and/or Credit Products, FI and Equity Derivatives, and/or Rates/FX) is desirable
- Strong skills in MS Office suite, particularly Excel and PowerPoint
- Team player with a proven ability to manage, mentor and train 4-5 junior consultants
- Strong interpersonal and communication skills with ability to build and maintain client relationships

Desirable qualifications and skills:
- Strong understanding of derivatives, structured products and pricing models in either FX or Interest Rates
- Quantitative skill set for Modelling and implementation purposes - including: Financial modelling, derivative modelling, stochastic calculus, stress testing)
- Good knowledge in Python, C++ or R
- Previous experience working in a front office role (trading/structuring) or structured products market risk role


At KPMG, your long-term future is every bit as important to us as it is to you. That’s why our aim is to give you experiences that will stay with you for a lifetime. Whether it’s great training and development, mobility opportunities or corporate responsibility volunteering activities – you’ll gain a wealth of experiences on which to build a rewarding career. We’re a firm that encourages you to be yourself, values your contribution and inspires you to act as a role model, always focused on doing the right thing for each other, our clients and our communities. We expect the best from our people and in return we provide a stimulating, collaborative environment where each person can reach their extraordinary potential.
While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a balanced lifestyle. We offer part-time roles with flexible working arrangements which could include annualised hours, early or late starts to fit around other commitments, shorter working days etc. We are happy to discuss your own requirements and our range of flexible working arrangements in more detail should that be of interest and, as part of the recruitment process, we can put you in touch with people who work flexibly.


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