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Risk Officer - FS Audit

Date: Feb 15, 2017

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID120633BR
Job TitleRisk Officer - FS Audit
CountryUnited Kingdom
Service LineFinancial Services
Service Line InformationIn the UK, KPMG audits more listed companies than any other professional services firm. Our success and reputation rests upon the quality and integrity of our services - not to mention our people. Our growing Financial Services Audit practice is comprised of Banking, Insurance and Investment Management teams. Our varied client base includes investment managers and associated funds, investment trusts, life and general insurance companies, top tier investment banks, retail and high street banks.

Job DescriptionAs one of the UK’s leading accountancy firms, we offer a lively and stimulating working environment. In this role you provide administrative support as a Risk Officer to the FS Risk Function. This is a high profile role where a majority of your time will be spent supporting the FS Partner and Director population, the role involves providing support across the following sectors - Banking, Insurance, Investment Management and FS Assurance Services. The Risk Officer will be responsible for managing, coordinating, and in some cases implementing all aspects of the Risk process across the BU, liaising with the Central Risk Audit Risk, legal and a number of other business functions across KPMG in order to support the client facing population.

Key Responsibilities:

SAP (EMS) Risk Operating System:

- Maintaining the Risk data within SAP, this will include identifying and rectifying risk errors
- Analysis of data for monthly reporting which will include producing deliverables for both our in internal reviews and our external regulators. Using SAP reports
- Take ownership of the FS partner rotation process to ensure that SAP is maintained and that we have accurate succession planning in place for partner rotation. To achieve this you will be required to work with both partners and engagement teams. You will be required to identify potential regulatory breaches and escalate where appropriate.
- Analysis and delivery of all Partner / Director Succession planning
- To act as an FS SAP Super User. You will be required to provide ongoing support, advice and training to engagement teams in regards to SAP EMS
- Monitor the information currently held on the SAP system, ensuring that information on SAP is set up correctly and challenging where appropriate. Population of new opportunities that have been created on the system
- Attend briefings and training sessions led by Central Audit Risk and communicate findings back to the function
- Manage the US GAPP accreditation policy and exceptions
- Take ownership of producing annual FS Risk Pack
- Coordination of the annual risk review process, and assist the Senior Manager with the submission of the final report.
- Management of the S166 Tracker, ensuring every FS S166 Panel detail and documentation is being recorded
- Delivery of FS Risk Management Training which is in a form of a one hour presentation followed by a Q&A, the target audience being D&C Grades. These sessions run few times a year across all FS areas
- Management of KGS Resource; outsourcing some Risk tasks to the KGS contact to perform. Monitor the progress and accuracy of such processes. This includes Blanks report and Rotation data check report
- Attending meetings to support Directors and Partners in any FS risk matters
- Supporting and Advising Key Stakeholders of the Business as and when required
- CASS Project Management & CASS Mailbox monitoring
- Working closely with other areas of Risk, Sentinel, Legal, Central Risk and Finance teams

Quality Control Reviews:

- Analysis of QCR FS Reviews findings, these reviews are performed by KGS however you will be responsible for putting together a document every QCR Period (3x a year) summarising key deficiencies and FS Statistics
- Supporting the FS Partner and Director of risk
- Monitoring and supporting the implementation and changes to regulatory standards


- Maintain and monitor the FS high client and engagement “watch” register
- Supporting Audit FS Teams with any technical queries
- Review FSAS and non-audit engagement internal documentation sign-off – known as “Gateway”
- Maintenance of the UK-FM FS Risk Management mailbox
- Management of the FS Audit Risk questionnaire process and management of the central process
- Contact point for all risk management - for both internal and external queries

Skills & Experience:

- Excellent analytical skills and a proactive approach to problem solving
- Flexibility and commitment with a focus on quality and delivery due to ad-hoc work
- Ability to work without day to day supervision and take responsibility for own work
- Ability to work and meet deadlines under pressure
- Takes on additional responsibility where needed
- Initiates action to improve the service to the business
- Shares experience and knowledge with others
- Looks for development opportunities
- Quickly assesses information and finds solutions
- Has confidence to present issues to audit managers and staff
- Ability to manage workload to match changing priorities
- Advanced Excel and PowerPoint skills
- Ability to manage key stakeholders of the business
- Degree qualified or relevant work experience

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 all candidates are treated fairly throughout the Recruitment Process. Should you be successful after the initial application stage, please discuss with your recruitment contact any reasonable adjustments to our Recruitment Process that you may require.

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 pride ourselves on being a place where your individuality is valued; you can be yourself and still achieve your potential. We believe that your individuality helps us to deliver the best results to 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 by viewing our Policy

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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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