Wealth And Asset Management Consulting - Associate Director - ERS

KPMG Middle East; Dubai; On-site; AED 400,000 - 600,000; Full time

Benefits offered by this job

Regional travel up to 40%

Job summary

KPMG Middle East is seeking an Associate Director for Wealth & Asset Management Consulting. You will lead regulatory transformation and enterprise risk initiatives for asset managers, private banks, and sovereign wealth clients in the Gulf region.

You will partner with C-suite executives, drive origination, and manage delivery teams, building the WAM practice in the Middle East. A strong Big 4 background and MENASA regional experience are highly valued.

Qualifications

• 10+ years of experience in Risk & Regulatory Affairs, Financial Services Risk Consulting, Internal Audit, Compliance, or ERM.
• Experience in Big 4 or global consultancy.
• Strong background in Wealth Management, Asset Management, Private Banking, or related sectors.

Responsibilities

• Lead large-scale Risk & Regulatory Affairs engagements within the WAM sector.
• Advise boards and risk committees on regulatory expectations and governance practices.
• Deliver projects across ERM, operational risk, compliance, conduct risk, and financial crime controls.
• Manage client relationships and ensure delivery excellence across engagements.
• Oversee project scope, budgets, and team performance.

Skills

Regulatory compliance

Risk management

Governance

Regulatory change

Client relationship management

Education

Bachelor's in Finance/Business

MBA/ MSc preferred

Job description

Job Description:

Job Description

ROLE PROFILE

Associate Director

Wealth & Asset Management Consulting

Strategy | Growth | Delivery | Leadership

At a Glance

Role Associate Director
Level Associate Director
Function Consulting
Reports To Managing Director / Partner
Location Middle East (UAE preferred; KSA, Qatar considered) Travel Regional, up to 40%
Experience 8–12 years
Industry Focus Wealth & Asset Management

Role Purpose

Build and develop a high-performing Risk & Regulatory Affairs consulting capability focused on the Wealth & Asset Management sector across the Middle East. The Associate Director will lead complex client engagements across regulatory transformation, risk management, governance, compliance, conduct risk, operational resilience, and enterprise-wide risk frameworks for asset managers, private banks, wealth platforms, family offices, and sovereign wealth institutions. The Associate Director will act as a trusted advisor to C-suite and board-level clients, driving engagement origination, managing delivery teams, and contributing to the strategic build-out of the WAM practice.

Key Responsibilities

Practice Development & Business Growth

• Drive origination of new engagements across WAM segments — private wealth, institutional asset management, family offices, sovereign wealth funds, and digital wealth platforms.
• Build and maintain a pipeline of qualified opportunities, working closely with the Partner group and leveraging personal and institutional networks across the GCC and broader MENA region.
• Develop compelling thought leadership, proposals, and point-of-view content to differentiate the firm's WAM proposition.
• Manage and grow strategic alliances in the WAM sector aligned to KPMG bridge campaign. This includes Blackrock Alladin and State Street Alpha.
• Support the development of the firm's go-to-market strategy for WAM in the Middle East, including coverage model, service lines, and target client prioritisation.

Client Engagement & Delivery

• Lead large-scale Risk & Regulatory Affairs engagements within the Wealth & Asset Management sector, including regulatory compliance reviews, operating model transformation, governance enhancement, and risk framework implementation.
• Advise boards, executive management, and risk committees on regulatory expectations, emerging risks, and industry-leading governance practices.
• Deliver projects across enterprise risk management, operational risk, compliance, conduct risk, third-party risk, model risk, investment governance, and financial crime compliance.
• Support clients in responding to regulatory changes issued by regional regulators including ADGM, DIFC, SCA, CMA, QCB, and other GCC regulatory authorities.
• Lead risk assessments, gap analyses, remediation programs, target operating model design, and regulatory transformation initiatives.
• Oversee quality assurance, client satisfaction, project economics, and delivery excellence across multiple engagements.
• Serve as the day‑day client relationship owner for key accounts, ensuring satisfaction, quality, and commercial outcomes.
• Structure and scope engagements, manage project economics, and oversee teams of consultants and analysts.

People & Team Leadership

• Recruit, develop, and retain consulting talent within the WAM practice, acting as a mentor and performance coach.
• Actively contribute to the firm's WAM knowledge base, internal capability development, and cross-practice collaboration.
• Foster an inclusive, high-performance team culture aligned with the firm's values.

Thought Leadership & External Presence

• Represent the firm at industry events, forums, and roundtables relevant to wealth and asset management in the region.
• Publish insights on regional WAM trends, regulatory developments, and market shifts in collaboration with Marketing and Communications.
• Build the firm's profile as a leading voice in GCC wealth management transformation.

Essential

Experience Requirements

• 10+ years of experience within Risk & Regulatory Affairs, Financial Services Risk Consulting, Internal Audit, Compliance, or Enterprise Risk Management.
• Proven consulting experience gained within a Big 4 firm, global consultancy, or specialist risk advisory practice.
• Strong experience serving Wealth Management, Asset Management, Private Banking, Investment Management, Capital Markets, or Sovereign Wealth Fund clients.
• Deep knowledge of:
  • Enterprise Risk Management (ERM)
  • Regulatory Compliance
  • Governance Frameworks
  • Operational Risk
  • Conduct Risk
  • Internal Controls
  • Operational Resilience
  • Risk and Control Self-Assessments (RCSA)
  • Compliance Monitoring Programs
  • Regulatory Change Management
  • Experience interacting with regional regulators and working knowledge of ADGM, DIFC, SCA, CMA, QCB, CBB, and related regulatory frameworks.
  • Demonstrated experience leading large-scale risk transformation and regulatory remediation programs.

Preferred / Advantageous

• Experience leading or supporting practice-building or market-entry initiatives in the region.
• Prior exposure to sovereign wealth fund advisory or Ultra-High-Net-Worth client segments.
• Familiarity with key regional WAM technology platforms and fintech landscape.
• Experience in a dual-hat role (industry leadership + external advisory) or within a captive consulting unit of a financial institution.

Core Competencies

Leadership & Commercial Technical & Domain

• Client relationship management & influence
• WAM operating models & value chain
• Business development & pipeline ownership
• Investment products & portfolio management principles
• Engagement structuring & P&L management
• Regulatory & compliance landscape (MENA)
• Team leadership & talent development
• Digital transformation & wealthtech
• Executive communication & storytelling
• Stakeholder management at C-suite level

Qualifications & Credentials

• Bachelor's degree in Finance, Economics, Business Administration, or a related field — required.
• Master's degree (MBA, MSc Finance, MSc Wealth Management) from a recognised institution — strongly preferred.
• Familiarity with ADGM / DIFC regulatory frameworks and local licensing requirements — advantageous.

Languages & Personal Attributes

• English — fluent, essential (professional written and verbal communication at board level).
• Arabic — highly desirable; adds significant value in client relationship management and regional business development.

In addition to domain expertise, the successful candidate will demonstrate:

• Entrepreneurial mindset — comfortable with ambiguity, building from a base, and driving outcomes with limited infrastructure.
• Cultural intelligence — deep respect for and sensitivity to Gulf business culture, social norms, and relationship-driven commercial practices.
• Intellectual rigour — ability to navigate complex, multi-stakeholder problems with structured thinking and creative problem-solving.
• Executive presence — confidence and composure when engaging with senior client leadership, regulators, and industry peers.
• Resilience — thrives under pressure, manages competing priorities, and maintains high standards of quality and professionalism.

Career Progression & Opportunity

This role represents a significant opportunity for a senior consultant or experienced industry professional to shape the growth of a high-priority practice at a critical moment in the development of the Middle East's wealth management ecosystem.

The Successful Candidate Will Benefit From

• Exposure to some of the most complex and high-profile mandates in the region, including sovereign-linked institutions and leading regional private banks.
• A competitive compensation package commensurate with the seniority of the role, including base salary, performance bonus, long-term incentive eligibility, and benefits aligned to regional norms.
• Access to the firm's global WAM network, knowledge capital, and proprietary frameworks and assets.

Requirements