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Manager - Model Risk Management

Date: Mar 28, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID138373BR
Job TitleManager - Model Risk Management
CountryUnited Kingdom
FunctionRisk Consulting
Service LineFRM
Service Line InformationUsing a wide variety of technical and sector-specific skills, KPMG's Risk Consulting group proactively helps clients increase profits whilst reducing reputational, operational, financial and other risks. We are experienced in managing diverse issues including fraud, regulatory compliance, risk frameworks and modelling, capital efficiency, corporate governance, dispute resolution, deriving value from contracts and much more.

As subject matter experts with a breadth of experience and specialism across industry, consulting, academia and regulators, the risk team offer the skills and levers to provoke and support complex and unique risk transformational projects in the financial services industry.

KPMG OverviewKPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Job DescriptionOverview of roles and responsibilities:

Over the last few years, Model Risk Management (MRM) has gained increasing regulatory focus across the globe. Banks are expected to adhere to more stringent guidelines and ensure they have a robust framework in place to capture all sources of model risk and implement mitigating measures.
The KPMG MRM team advises and assists a range of clients from large international banks to smaller financial institutions in developing and enhancing their MRM framework. The Manager will be involved in both technical MRM engagements covering a range of model types (e.g. pricing, valuation and risk models) and qualitative model risk governance aspects. The Manager will support the MRM Lead in driving the KPMG MRM proposition including managing a team of junior resources as well as assisting in defining solutions for the key emerging MRM themes in the industry, including implications of automation, increasing efficiency of the MRM framework for our clients and adhering to regulatory standards.

As a member of the banking segment, the Manager is required to apply his/her skills to a broad range of banking related issues supporting both UK and Global propositions. In particular, the Manager will participate proactively in model risk and, if required, wider risk and capital related engagements.

Qualifications & Skills:

- Thorough knowledge of the model risk management framework including best practice for the various components and a good understanding of the end-to-end model risk lifecycle.
- Strong understanding of credit risk, counterparty credit risk and market risk internal models and associated regulatory guidelines.
- Blend of quantitative skills and risk governance knowledge is essential.
- Ability to distil highly technical content into a simple and clear manner for a non-technical third party and senior management is crucial.
- Ability to write highly technical documentation to a standard that adheres to the latest regulatory standards including, but not limited to, SR11’7, PRA SS3’18 and ECB guide for internal models requirements.
- Excellent project management skills including ability to support the initiation, delivery and risk management aspects of large engagements and overseeing junior resources.
- Excellent oral / written communication, networking and influencing skills.
- Flexibility to contribute on a broad range of banking risk engagements as well as external marketing material.
- Highly proactive and able to drive the model risk proposition forward under the guidance of the MRM lead, including setting clear objectives for the team and ensuring completion of targets.

Our DealIf the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.

‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible WorkingWhile some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a DisabilityKPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

KPMG's commitment to diversity

We are proud of the value we place on individuality; we want you to bring your full self to work and truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.

Returning to work after a break
At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies: Policy

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