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RCP Team Manager

Date: Jun 19, 2021

Location: Watford, United Kingdom

Company: KPMG UK

UK Quality & Risk Management teams help to set, implement and enforce policies and procedures designed to help to enable KPMG UK and its personnel to achieve the following key objectives: (i) oversee and monitor service quality, (ii) protect the brand and reputation of KPMG, (iii) comply with laws, (iv) regulations and professional standards, and (v) minimize the risk of financial claims against KPMG UK.

The Compliance Assurance team is a new team which will be responsible for the firm’s Risk Compliance Programme (‘the RCP’) and ISQM1 testing to assess the effectiveness of the firm’s control environment. In particular to ensure that the firm and its personnel comply with KPMG’s risk management policies and procedures as well as various legal and regulatory requirements and professional standards.

The role
This will involve you taking responsibility for sections of the programme taking them through the complete life-cycle from planning the testing to proposing and agreeing actions in response to findings.
Findings from the programme are reported to the firm’s Executive Management Team (ExCo) the Audit Executive and Board plus Risk Committee,( amongst others) as well as to the firm’s regulators.
The work will vary throughout the year as you take ownership of different sections of the programme and the role will give you an excellent opportunity to gain a thorough understanding of key risk areas within the business and to help develop and monitor improvements to the firm’s controls and procedures.
You will be interacting with all levels of the organisation, as this is an internally facing role and where you will be representing the compliance assurance team. If you’re looking for a role where you can significantly increase your network, a career within risk management and work in response to regulatory requirements - this could be the opportunity for you.

Key responsibilities:
Planning and scoping compliance testing to be performed
- Compiling full year plan of RCP/ISQM1/compliance testing allocation including identification of tests which should be grouped together & timing of testing.
- Re-evaluating ISQM1 controls in line with the iterative risk assessment process that will periodically sent via the Global team.
- Allocating testing amongst team members & revising the allocation on a continuous basis to ensure completion of the overall RCP programme remains on track.
- Review of testing approach and scripts/briefing notes, offering feedback and challenging the proposed approach where it does not adequately cover testing requirements.
- Management and Coaching
- Extolling the KPMG values and behaviours, leading by example and as a role model
- By leading the weekly team meeting, covering actions and monitoring progress, your role will be to hi light any matters requiring resolution by Head of RCP
- Assisting junior team members in their roleswhen:
- Identifying and following up on potential deficiencies, escalating as required and agreeing action plans for remediation
- Chasing information requests if team members are finding it difficult to get a response.
- Downloading MSD/GCEAC reports & designing report parameters
- Liaising with stakeholders to address any MSD/GCEAC issues.
- General risk queries
- Monitoring completion of testing & reviewing work
- eAudit/Clara/GRC review of the tests conducted under the ISQM1/ RCP /Compliance testing programme.
- Raising review notes, challenging conclusions, following up on root cause analysis and ensuring all deficiencies are logged.
- Applying an independent check on the robustness of the test, size of the sample and conclusions
- Maintaining traction on deliverables to a tight timeframe and highlighting/remediating where necessary
- Document management/completion/action planning
- RCP action plan monitoring including obtaining updates from Action owners, compiling an update dashboard for Head of RCP review, updating the action plan status on the RCP Portal and sending quarterly updates to the GCR team on actions;
- Presentation of Action Plan dashboard and update on general RCP and Compliance Assurance/ISQM1 progress during PCCWG meetings (normally every quarter).
- RCP and ISQM1 reporting, drafting wording for the year-end reports & other completion documents e.g. communication of other observations, deficiency tracker, collating capability QPR results.
- Liaising with stakeholders monitor traction to action plans/remediation planned or has taken place in relation to RCP and ISQM1 compliance
- RCC (Risk Controls Checklist) including review of prior year responses to identify weaknesses in control descriptions, identifying individuals to be contacted for updated response & for any new policies released in the year. Collating responses, reviewing and challenging ‘gaps’ before final submission in the RCP portal.
Qualifications, skills and behaviours
- Good project management skills are key as you will be managing projects from planning to completion (including co-ordinating with a number of teams).
- Strong time management skills with an attention to detail.
- Ability to prioritise and deal with conflicting demands, .
- Ability to handle sensitive/confidential information appropriately.
- Experience of working in compliance team within a professional environment, with a conscientious and thorough approach to the management and resolution of tasks.
- Excellent written and verbal communication skills with the ability to communicate and influence with confidence and clarity at all levels.
- Self Stater and proactive, with the ability to work independently as well as being a team player.
- Able to produce work to tight deadlines, with an attention to detail whilst under pressure.
- Strong knowledge and experience of standard office IT applications (e.g. Word, PowerPoint, Excel and Outlook).
- Experience of either designing/implementing or undertaking a compliance monitoring regime would be advantageous but not essential.
- Completed or be working towards a relevant compliance qualification e.g. CISI or CII (preferred but no not essential).
- Knowledge of existing risk management systems (such as SAP/CEAC and Sentinel) and of KPMG’s structure and range of business capabilities/services ( preferred but not essential)

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