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Risk Function Transformation Assistant Manager

Date: Aug 31, 2021

Location: London, United Kingdom

Company: KPMG UK

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 Transformation, this means working with our clients to re-architect their operating models and, design and implement processes and systems to achieve effective, efficient and sustainable risk and control outcomes.

Key services and capabilities within our team are split into two sections; one focusing primarily on transformation and change methodology and the other focusing on key operational and regulatory priorities for our clients:

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

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

This role will primarily be supporting our Risk Transformation proposition, where we use our knowledge of operating model design, process realignment and the regulatory environment to develop solutions to client problems found specifically within the risk function.
— Performing a key role on engagements, leading workstreams through all key stages of a transformation project, from diagnostic to implementation.
— Facilitating client workshops to scope and design transformational solutions and work through challenges with client stakeholders
— Working with other parts of KPMG, including our Risk and Technology Enablement teams, to design and deliver insightful reports, assets and holistic solutions
— Facilitating client workshops to scope and design transformation solutions.
— 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 operational excellence capability.
— Leveraging capability experience to help develop our propositions and develop proposals / bids.
— Actively supporting the development of KPMG’s Risk Transformation capability and playing an active role in our community.

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 Risk Transformation capability and community within the practice.

Stakeholder Interaction & challenges:
Our Assistant Managers will interact with the broader team on a regular basis. 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. This will often be part of a wider KPMG team operating on client engagements. 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 Assistant Managers will operate in the Regulatory Driven Transformation connected pillar within Management Consulting, specifically aligned to the Banking Operations service line.

— Operating model design and implementation or analytical experience in re-engineering processes and systems
— Transformation Leadership and/or Digital Operations capabilities (as listed above)
— Operations optimisation through technology delivery and enhanced operational ways of working
— Work in or with the Banking industry (Business, Commercial, Investment or Retail)
— Regulatory Driven Transformation engagements

Operational change is at the heart of what the Transformation Services team does. Our Risk Transformation colleagues combine that operational change and transformation capability with a working knowledge of risk management and the risk function. Although such knowledge is desirable it is not necessarily a pre-requisite for a successful application. Any successful candidates will be given coaching and training to enhance and develop their knowledge of risk.

— Working understanding of the Risk Function within Banking.
— Working understanding Risk, Risk Management frameworks and the three lines of defence.
— Working understanding of the role of the regulator (PRA & FCA)
— Experience in leading workstreams as part of larger transformation projects.
— Previous consulting experience, ideally in a Big 4 or other management consulting practice.

Expertise / Technical role requirements
— High level understanding of Risk, primarily within 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

— 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

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