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Risk Function Transformation, Banking - Manager

Date: Nov 13, 2021

Location: London, United Kingdom

Company: KPMG UK

Capability/Service Line Information:

FS Transformation Services is at the heart of delivering large scale, regulatory driven transformation for our Financial Services clients. Our primary function is to drive the delivery and fulfilment of our client engagements, bringing together deep industry experience with strong transformation capability to deliver sustainable solutions that ensure compliance, reduce costs and enhance the customer experience.

In the context of Risk Function Transformation, this means working with our clients to set the mandate and strategy of their Risk Function and realign their frameworks, organisational design and operating models to achieve effective, efficient and sustainable controls.

Transformational Leadership:
- Project, Programme & Portfolio Management
- Enterprise Modelling
- Agile Project Management Office (PMO)
- Design Integrity
- Assurance

Operational/ Regulatory Driven Transformation Priorities:
- Operational Resilience
- Financial Crime
- Digital Operations
- Customer and Regulatory Remediation
- Structural Transformation
- Cost Optimisation
- Process Excellence
- Risk Transformation

The Role
Summary of Role Purpose:
In order to support the growth of our capabilities within the Banking Operations team, we are currently looking to recruit Managers who can make a significant contribution by combining an understanding of the banking industry with transformation, optimisation and programme assurance capabilities.

Description of the role:

Successful candidates will operate as integral parts of the Banking Operations team to deliver the following:
— Managing workstreams or entire projects on Risk Function Transformation engagements through all key stages of a transformation project, from assessment to implementation
— Planning, leading and performing diagnostic gap analysis and assessments by applying industry insights to current Risk functions and frameworks
— Working with other parts of KPMG, including our Risk, Financial Risk Management and Technology Enablement teams, to design and deliver insightful reports and holistic solutions
— Facilitating client workshops to scope and design transformational solutions and work through challenges with client stakeholders
— Building and managing client relationships on projects and supporting KPMG’s commercial position
— Developing and improving KPMG assets, methodologies and tools to deliver consistent, world class operational excellence capability
— Identifying, managing and mitigating programme/project risks and issues throughout the delivery lifecycle
— Actively supporting development of KPMG’s Risk Function Transformation capability and playing an active role in building the community

Role dimensions

Leadership & Management:
Managers can expect to be responsible for their own workstreams and projects, with end to end delivery responsibility including planning and risk management.
Leadership responsibilities include team management on client engagement and internal performance management.
They will also be expected to play a significant role in the development and maintenance of the 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 the Chief Risk Office function as well as the Chief Risk Officer. Our projects are normally carried out on client site rather than KPMG offices and, while many are based in London, they can also be in other parts of the UK.

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

The Person / Experience

— Managerial roles on risk or regulatory driven transformation engagements with a proven track record of successfully leading client projects across the delivery lifecycle.
— Working understanding of the Risk function, three lines of defence and Risk Management frameworks
— Transformation Leadership and/or Digital Operations capabilities (as listed above).
— Work in or with the Financial Services industry, predominantly in Banking (Business, Commercial, Investment or Retail)
— Leading client workshops to resolve client issues, design an optimised process/control and develop an implementation plan

— Deep understanding Risk, Risk Management frameworks and the three lines of defence.
— Working understanding of the role of the regulator (PRA & FCA)
— Experience in Risk Function or Compliance transformation.
— Previous consulting experience, ideally in a Big 4 or other management consulting practice.

Expertise / Technical role requirements
— Significant understanding of Risk and the corresponding frameworks required in the Banking sector to demonstrate compliance, and a good understanding of the associated regulations either UK or globally.
— Strong understanding of Risk, primarily the Banking industry, including its business processes and underlying technologies, and the ability to identify and articulate resultant client opportunities and challenges
— Strong understanding of the key drivers shaping the future of the Banking industry, including regulation and new business models, and resultant opportunities for KPMG

— Positive leadership qualities and style that empowers and motivates high performing teams
— Problem-solving and solution design for user/business needs
— Working in multidisciplinary teams in a co-creation environment with clients and KPMG colleagues
— Expertise 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 exploit commercial sales opportunities and support colleagues in defining solutions in response
— Self-starter and strong team player
— Excellent written and oral presentation skills with an inspirational and collaborate style
— Experience with leading client workshops to resolve client issues/challenges, design an optimised process/control and develop an implementation plan.
— Be an active expert within our Banking capability team – supporting the leaders within the firm to shape and deliver our growth strategy

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