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Regulatory Change - Assistant Manager

Date: Sep 16, 2021

Location: London, United Kingdom

Company: KPMG UK

The Role

Summary of Role Purpose:
To support the growth of our capabilities within the Regulatory team, we are currently looking to recruit an Assistant Manager who can make a significant contribution by combining an understanding of non-financial risk (e.g. conduct, compliance, operational risk) with transformation, simplification and optimisation capabilities.

Description of the role:
— Advising regulated clients within the financial services sector on the impact of the changing regulatory environment (specifically non-financial risks) and their response to these changes.
— Supporting risk and compliance transformation programmes as the non-financial risk SME.
— Design and implementation of Enterprise-wide Risk Management Frameworks (e.g MI, Governance, control standards and policies).
— End to end process mapping and controls design and testing.
— Supporting management on regulatory change programmes.
— Providing subject matter expertise on regulations (e.g. Consumer Duty) and how this impacts the client.
— Facilitating client workshops to scope and design transformational solutions and work through challenges with client stakeholders
— Identifying, managing, and mitigating project/programme risks and issues throughout the delivery lifecycle.
— Developing and improving KPMG assets, methodologies, and tools to deliver consistent, world class regulatory driven transformation capability.
— Assisting in the preparation of presentations, training, thought leadership, and marketing materials.
— Leveraging capability experience to help develop our propositions and develop proposals / bids.
— Developing and maintaining strong relationships with KPMG colleagues and building an internal network.
— Keeping up to date with industry specific issues and circumstances and the impact of financial services regulation.

Role dimensions;

Leadership & Management:
Assistant Managers can expect to be responsible for their own projects within broader client engagements and be responsible for the planning, delivery, and risk management for their scope of work.
Additional management and leadership responsibility for more junior colleagues.
They will also be expected to play a significant role in the development and maintenance of the Regulatory Risk Function Transformation capability and community within the practice.

Stakeholder Interaction & challenges:
The role will entail continuous and direct client engagement, typically with senior client programme team members working in Risk and Compliance functions and the business. This will often be part of a wider KPMG team operating on client engagements.
KPMG has adopted the hybrid model in terms of ways of working and therefore flexibility will be required between working from client and KPMG offices as well as working from home.

Impact, Risk, Accountability & Governance:
Our Assistant Managers will operate in the Regulatory Driven Transformation connected pillar within Risk Consulting, specifically aligned to the service line.

The Person

Experience

Essential
— Experience in Risk and/or Compliance transformation (for 1LoD and/or 2Lod) from a non-financial risk perspective, including simplification and optimisation of processes and frameworks.
— Design and implementation of Enterprise-wide Risk Management Frameworks (e.g MI, Governance, control standards and policies).
— End to end process mapping and controls design and testing.
— Supporting the management of regulatory change programmes.
— Experience in supporting a regulated entity to manage non-financial risk (e.g. conduct, compliance, operational risk).
— Working in or with a Risk and Compliance function in the financial services sector.
— The business processes and underlying technologies within the financial service’s sector used to manage non-financial risks.
— Regulatory driven transformation in a regulated entity.

Desirable
— Minimum of three or more year’s work experience in dealing with regulatory, risk management or compliance obligations within the financial services sector.
— Operating model design and implementation and analytical experience in re-engineering processes
— Leading client workshops to resolve client issues, designing optimised processes/controls and developing implementation plans.
— Operations optimisation through technology delivery and enhanced operational ways of working.
— Previous consulting experience, ideally in a Big 4 or other management consulting practice.

Expertise / Technical role requirements
— Good understanding of the financial service’s regulatory environment, specifically non-financial risks (e.g. conduct, compliance and operational risk).
— Working knowledge of the role of risk and compliance functions of a regulated entity, and across the three lines of defence model.
— Working knowledge of the frameworks required in the financial service’s sector to manage regulatory compliance.
— Understanding of the key drivers shaping the future of the financial services industry, including regulation and new business models, and resultant opportunities for KPMG.

Skills:
— Professional qualification preferred, with strong knowledge of regulatory rules and guidance but crucially, practical application within the financial services industry.
— Analytical problem-solving and solution design for user/business needs.
— Working in multidisciplinary teams in a co-creation environment with clients and KPMG colleagues.
— Strong experience in core consulting methodologies such as Lean or other process mapping capabilities, business case development, operating model design, strategy development and requirements gathering.
— Ability to identify and support commercial opportunities and support colleagues in defining solutions in response.
— Excellent written and oral presentation skills with an inspirational and collaborate style.
— Robust and comprehensive report writing skills.


Role location is flexible in the North or South of England


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