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Senior Manager (Governance, Operations and Controls)

Date: Dec 4, 2018

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID139216BR
Job TitleSenior Manager (Governance, Operations and Controls)
CountryUnited Kingdom
LocationLondon
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 Description

The Team



The Governance, Operations and Controls Senior Manager is a key member of the Wealth and Asset Management Consulting team. The individual will work closely with the Partners and Directors from across KPMG to lead the delivery of advisory engagements to KPMG’s wealth and asset management clients. Advice will focus on best practice across a range of areas including governance, investment operations, and control environments to ensure our clients have effective governance structures, policies, procedures and controls, which meet the expectations of investors, regulators and other key stakeholders. These projects can take different forms depending on the client’s needs, for example:

- Asset manager risk and control reviews – reviewing a firm’s front, middle and back office operations, identifying key risks and internal controls to assess whether they are suitably designed, and make recommendations based on our knowledge and experience.
- Operational due diligence – reviewing operational aspects of an asset manager, including hedge funds and private equity houses, on behalf of investors, platforms and/or part of transaction activity within the Asset Management sector. Areas covered include governance arrangements, trade life cycle, investment monitoring and oversight, risk and compliance arrangements, valuation arrangements, and business continuity planning / disaster recovery.
- Policies and procedures reviews – assisting firms with developing industry-leading policies and procedures. These cover a range of areas from the front to the back office and take into consideration the firm’s strategy, culture, risk appetite and regulatory.
- Governance reviews – assisting firms with a review of their internal governance structure.

The Role


The role also includes a significant business development component involving developing and leading on asset management campaigns, contributing to thought leadership, leading projects and coaching more junior 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. There is occasional overseas travel to Europe, US and Asia.

Responsibilities



The successful candidate will have the opportunity to:

- Lead a group of highly skilled technical specialists who advise a variety of asset managers in relation to front, middle and back office processes, risk and compliance arrangements, governance structures, and performance reporting
- Work in coordination with various teams across KPMG who specialise in Risk and Capital, Regulation, Transaction Services, Management Consulting, Strategy and Digital Innovation supporting them to identify, win and deliver engagements in relation to business process improvement, risk and regulatory compliance, controls assurance, target operating models and M&A activity within the asset management sector
- Develop and win new business through marketing and sales activities to new and existing clients, including participation in cross disciplinary high value risk propositions and go to market campaigns
- Deliver client engagements, leading both smaller and larger, multi-disciplinary teams
- Build and maintain strong relationships with clients, regulators, industry bodies and other KPMG teams
- Provide a high quality advisory service to our clients, and be a governance, investment operations and controls technical specialist to support other departments of KPMG
- Create and contribute to high quality thought leadership around areas of specialism for written publications, training events, client seminars and conferences
- Share knowledge and contributing to discussions with both junior members and senior management to build on existing internal capabilities to deliver operational risk related projects
- Take accountability for performing and complying with internal risk management procedures, budgeting, recording all working time, timely billing and recovery of client chargeable time.
- Be a performance manager for assistant managers and graduates, and provide on-the-job coaching to teams
- Maintain up to date knowledge in areas of specialism, keeping abreast of any pertinent developments and helping to develop thought leadership in operational risk and governance
- Marketing and raising the profile of KPMG in the market place through networking events, attendance at internal and external conferences, contributing to publications, etc.

Example Projects



Below are some example projects that we have worked on:

- Helped a global provider of indices and data services with their benchmark assurance review. This project covered the governance framework, and design and operating effectiveness of controls relating to index administration and calculation activities.
- Helped establish a new asset management business including developing policies across all business functions including investments, investment operations, distribution, risk and compliance.
- Reviewed processes and controls in the Liability Driven Investment (LDI) and structured equity business for a UK asset manager.
- Conducted operational due diligence reviews over a new fund platform, a UK based infrastructure manager and an international fiduciary manager

The Person



- You will have extensive knowledge and experience in the financial services industry, in particular the asset and wealth management sectors.
- You will have significant experience of conducting governance and controls reviews as well as operational due diligence or investment operations reviews either as part of another large consultancy firm or have had broad experience in investment operations function at an asset management firm, hedge fund or investment consultancy.
- You will have gained a good knowledge of key policies, processes and control environments at an asset manager and have experience working with organisations to advise on and implement industry best practices. This will include but not be limited to governance arrangements, trade life cycle, risk and compliance arrangements.
- You have a strong understanding of various asset classes, including but not limited to, equities, fixed income, real estate and private equity as well as the investment strategies that employ these asset classes.
- You have assisted in developing robust control environments within the asset management industry and have a good knowledge of how key players (e.g. asset managers, asset servicers, benchmark providers, valuation agents) operate.
- You 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.
- The above skills makes you a strong role model for more junior staff and you willingly share your technical and professional knowledge taking a genuine interest in developing the careers of your team.
share your technical and professional knowledge taking a genuine interest in developing the careers of your team.





Our DealIf 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 WorkingWhile 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.

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 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

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 that 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.



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 helps 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.

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