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Risk & Capital Management Senior Manager/Manager

Date: Mar 28, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID131493BR
Job TitleRisk & Capital Management Senior Manager/Manager
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 DescriptionThe Team

KPMG's FRM Wealth and Asset Management specialists advise asset management firms, including traditional managers, hedge funds and wealth managers on a variety of issues and challenges. The core services are summarised as:

- Risk & Capital Management – Risk Management Framework development, Assurance Mapping, Risk Appetite, Strategic Risk Assessment, Regulatory Capital Assessments (ICAAP)

- Assurance Reporting – Controls assurance reporting advice (relating to ISAE 3402, AAF 01/06, SSAE 18 etc), GIPS, Benchmark Assurance, AUPs, ad hoc assurance
- Governance & Controls – Operational Due Diligence, Governance Reviews, Policies and Procedures Reviews, Investment Operations Reviews, Outsourcing Reviews

We are an ambitious and growing team which works with a variety of other departments in KPMG across financial services including banking and insurance, and across KPMG’s service functions of Advisory, Audit and Tax. We are highly regarded internally and at the forefront of emerging practice, helping to define the KPMG approach to client solutions the wealth and asset management sector.

The Role

The Risk & Capital Management Manager will work closely with Senior Managers, Directors and Partners to deliver risk and capital management engagements to KPMG’s asset management clients. Areas of focus include:

- Risk management frameworks
- Articulation of risk appetite
- Risk registers
- Risk and control self-assessments (RCSA)
- Risk monitoring.

The role also includes opportunities to deliver client presentations, contribute to thought leadership, work on business development, assist with project management and coach members of the team. The team is based in Canary Wharf, London at KPMG’s UK headquarters, working at client’s offices in the City and West End for most projects.


The successful candidate will have the opportunity to:
- Deliver high quality risk and capital management engagements to top-tier asset management firms.
- Know and apply risk and capital management rules and guidance for clients, based on a good understanding of asset management risks.
- Be seen internally and externally as a technical specialist, providing ongoing support and technical assistance to KPMG colleagues and clients, building long-term beneficial relationships.
- Maintain up-to-date knowledge in areas of specialism and industry trends.
- Prepare and help deliver presentations and seminars on risk and capital management to clients and internally to KPMG professionals.
- Assist with KPMG’s annual Risk and ICAAP Benchmarking Survey, including: drafting of survey questions; analysis of responses; identification of trends; report writing; and participating in client meetings to share findings from the publication.
- Build and maintain a strong network of relationships, for example internally with other KPMG risk and capital management specialists in banking and insurance.
- Take on engagement management responsibilities, specifically: internal client and engagement risk management procedures; budgeting; and project management.
- Oversee more junior members of the Risk & Capital team sharing technical knowledge and insights to further the overall development of the team.

Example Projects

Below are some example projects that we have worked on:

- Assisted a global asset manager with addressing issues highlighted by the FCA, including helping design and implement a revised ICAAP
- Established a risk management framework and risk register for the asset management division of a global investment bank
- Designed a corporate governance structure and risk management framework for a European financial institution across banking, insurance and asset management

The Person

Experience, Knowledge and Skills

- Extensive knowledge and experience of applying FCA prudential handbooks e.g. IFPRU, BIPRU and GENPRU.
- Working knowledge of the financial services industry, in particular the asset management sector (including wealth management).
- Experience of working at a consultant, regulator or asset management firm, focussing on operational risk.
- Gained a good knowledge of operational risk management frameworks and practices in asset management and other financial sectors.
- Understand the expectations of the FCA and how this impacts asset management and other financial services firms.
- Experience with ICAAPs and have a good understanding of CRD IV.
- Be able to adapt quickly in a fast-paced environment, taking on new challenges, grasping new technical concepts rapidly, whilst delivering work to a high standard of quality and demonstrating strong attention to detail.
- Have experience managing and mentoring more junior members of staff.

Our DealRecognising and motivating you
If 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 WorkingIntelligent working
While 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.

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 could assist 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.

Applying with a DisabilityApplying with a disability
KPMG 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

KPMG's commitment to diversity
KPMG consistently features in the Sunday Times Best Big Companies to work for, which has been recognised with a special achievement award to mark our 10 years in the Top 25. 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 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

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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