Assistant Manager - Credit Risk Modelling

KPMG United Kingdom; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading consultancy firm in London is seeking an Assistant Manager - Credit Risk Modelling to join their Credit Risk Assurance team. You will be responsible for assessing client model documentation and managing engagement workstreams. Ideal candidates should have a strong background in credit risk modelling, excellent stakeholder management skills, and the ability to mentor junior staff. This role offers flexible working arrangements with a focus on collaboration and technology.

Qualifications

• Knowledge of technical accounting and financial reporting standards.
• Ability to assess client model documentation.
• Experience in managing small teams.

Responsibilities

• Conduct assessments of client model documentation.
• Reperform output of an audited entity's code.
• Organise and execute workstreams for delivery.

Skills

Understanding of IFRS9 and CECL

Statistical techniques in credit risk modelling

Reading and creating software code

Managing and coaching teams

Effective stakeholder management

Tools

SAS

Python

R

Job description

Overview

Assistant Manager - Credit Risk Modelling

Base Location: London

Credit Risk Assurance team are a specialist function within KPMG's Audit Practice whose purpose it is to review and challenge complex statistical models used within audited entities as part of the overall financial audit process. Our team is made up of credit risk analysts from a broad and diverse range of quantitative backgrounds, including mathematics, engineering, physics, econometrics, and statistics.

Why Join KPMG

KPMG is one of the world's largest and most respected consultancy businesses, we've supported the UK through times of war and peace, prosperity and recession, political and regulatory upheaval. We've proudly stood beside the institutions and businesses which make the UK what it is.

In your role, you'll work flexibly across your location region - at engagement sites, our offices and home. Our people have always worked flexibly - so this way of working isn't new for us. We're creating a tech-driven business to empower and equip our people to be outstanding in delivery, no matter where they work - through inspiring collaboration spaces and new technologies.

What will you be doing?

• Responsible for conducting assessments of client model documentation (e.g. model development, validation, monitoring documentation) against the requirements of the accounting standard as well as industry practice
• Annotating code produced by an audited entity and reconciling code functionality/ variables back to documentation.
• Reperform the output of an audited entity's code by rerunning it in the appropriate software package.
• Being able to determine independent estimates of a model's output using independent assumptions.
• Organising and executing workstreams for the delivery of (1-6)
• Managing and training junior resources on an engagement

What will you need to do it?

• Understands relevant technical accounting and financial reporting standards (IFRS9, CECL, etc)
• Well versed in contemporary statistical techniques and practices in credit risk modelling (i.e., LGD, PD & EAD)
• Able to read, interpret and create software code, and is well versed in modern computing languages related to credit risk modelling (e.g., SAS, Python, or R)
• Experience of managing small teams, coaching, and mentoring junior staff
• Highly effective stakeholder management and relationship building skills; credible and confident with stakeholders at all levels

Skills we'd love to see/amazing extras:

• Experience of working within financial services
• Professional scepticism, objectivity, and independence to identify and support resolution of potential audit issues

To discuss this or wider Audit roles with our recruitment team, all you need to do is apply, create a profile, upload your CV and begin to make your mark with KPMG.

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KPMG 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.

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.