Assistant Manager - Credit Risk Modelling

KPMG-UnitedKingdom; London; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

A leading consultancy firm seeks an Assistant Manager in Credit Risk Modelling in London. In this role, you'll assess client model documentation, mentor junior team members, and apply statistical techniques in credit risk modeling. Join KPMG for a dynamic work environment with clients and collaborative opportunities, and contribute to enhancing financial modeling standards.

Qualifications

• Understanding of accounting and financial reporting standards (e.g., IFRS9, CECL).
• Experience managing small teams and mentoring junior staff.
• Ability to read, interpret, and create software code.

Responsibilities

• Assessing client model documentation against standards.
• Annotating and reconciling code functionality.
• Managing and mentoring junior team members.

Skills

Statistical techniques used in credit risk modeling

Stakeholder management

Relationship-building skills

Tools

SAS

Python

R

Job description

Job description

Assistant Manager - Credit Risk Modelling

Base Location: London

Credit Risk Assurance team is a specialized function within KPMG's Audit Practice, responsible for reviewing and challenging complex statistical models used in financial audits. Our team comprises credit risk analysts from diverse quantitative backgrounds such as mathematics, engineering, physics, econometrics, and statistics.

Why Join KPMG

KPMG is one of the world's largest and most respected consultancy firms, supporting the UK through various economic cycles and upheavals. We stand alongside UK institutions and businesses that shape the nation's economy.

Our flexible working approach allows you to work at client sites, in our offices, or remotely. We are leveraging technology and collaborative spaces to empower our people to deliver outstanding results regardless of location.

What will you be doing?

• Assessing client model documentation (development, validation, monitoring) against accounting standards and industry practices.
• Annotating code from audited entities and reconciling code functionality with documentation.
• Reperforming outputs of audited entities' code by rerunning in appropriate software.
• Estimating model outputs independently using different assumptions.
• Organizing and executing workstreams for these tasks.
• Managing and mentoring junior team members.

What will you need to do it?

• Understanding relevant accounting and financial reporting standards (e.g., IFRS9, CECL).
• Proficiency in statistical techniques used in credit risk modeling (LGD, PD, EAD).
• Ability to read, interpret, and create software code in languages like SAS, Python, or R.
• Experience managing small teams and mentoring junior staff.
• Strong stakeholder management and relationship-building skills across all levels.

Skills we'd love to see / Additional extras:

• Experience in financial services.
• Professional skepticism, objectivity, and independence to identify and resolve audit issues.

To apply, create a profile, upload your CV, and start your journey with KPMG.

Learn more about:

• Audit at KPMG
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• Our inclusive culture
• Supporting applicants with disabilities

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