Assistant Manager - Credit Risk Modelling

KPMG-UnitedKingdom; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading consultancy firm in London is seeking an Assistant Manager in Credit Risk Modelling. In this role, you will assess client model documentation, manage junior team members, and utilize software like SAS, Python, or R. The ideal candidate understands financial reporting standards and has strong stakeholder management skills. Join a flexible working environment with innovative technologies.

Qualifications

• Must understand relevant accounting and financial reporting standards like IFRS9.
• Proficient in statistical techniques in credit risk modeling such as LGD, PD, EAD.
• Experience managing small teams and mentoring staff.

Responsibilities

• Assess client model documentation against standards.
• Reperform outputs of audited code using appropriate software.
• Manage and train junior team members.

Skills

Understanding of accounting and financial reporting standards

Proficiency in statistical techniques

Ability to read and create software code

Strong stakeholder management

Tools

SAS

Python

R

Job description

Job Description

Assistant Manager - Credit Risk Modelling

Base Location: London

The Credit Risk Assurance team is a specialized function within KPMG's Audit Practice, responsible for reviewing and challenging complex statistical models used in audited entities as part of the financial audit process. Our team comprises credit risk analysts from diverse backgrounds, including 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 times of change. We stand alongside the UK’s institutions and businesses, contributing to the country's development.

In this role, you'll work flexibly across your region—at client sites, our offices, or remotely. We foster a flexible working environment supported by modern technology and collaborative spaces.

Responsibilities

1. Assess client model documentation (development, validation, monitoring) against accounting standards and industry practices.
2. Annotate code produced by audited entities and reconcile code functionality with documentation.
3. Reperform outputs of audited entity's code using appropriate software.
4. Independently estimate model outputs using separate assumptions.
5. Organize and execute workstreams for the above tasks.
6. Manage and mentor junior team members.

Requirements

1. Knowledge of relevant accounting and financial reporting standards (e.g., IFRS9, CECL).
2. Proficiency in statistical techniques in credit risk modeling (LGD, PD, EAD).
3. Ability to read, interpret, and develop software code in SAS, Python, or R.
4. Experience managing small teams and mentoring.
5. Strong stakeholder management and communication skills.

Preferred Skills & Extras

• Experience in financial services.
• Professional skepticism, objectivity, and independence.

Interested candidates can apply, create a profile, upload their CV, and start their journey with KPMG.

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KPMG is committed to diversity and inclusion, ensuring fair treatment throughout recruitment. We value individuality and believe diversity enhances our service to clients.