Credit Risk Assistant Manger

TN United Kingdom; Cambridge; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Credit Risk Assistant Manager to join their dynamic team. In this pivotal role, you will leverage your expertise in credit risk modeling, advising clients on evolving accounting standards and capital requirements. Your analytical skills will be put to the test as you assess model performance and ensure compliance with regulatory frameworks. This position offers the flexibility of remote work and part-time arrangements, making it an ideal opportunity for professionals looking to balance work and personal commitments. Join a forward-thinking company that values innovation and collaboration in the financial sector.

Qualifications

• 3+ years in credit risk modeling within financial services.
• Experience with IRB, IFRS9, and regulatory credit risk models.

Responsibilities

• Assess model performance and conduct replication testing.
• Review models against IRB regulatory requirements.

Skills

SAS

R

Python

Communication Skills

Project Management

Networking

Influencing Skills

Job description

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About KPMG

The KPMG Consulting function is a cornerstone of our business. Operating from London, we do work that matters, serving the country with diligence and expertise.

KPMG is one of the world's largest and most respected consultancies. 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 that make the UK what it is.

Our services encompass a wide range of disciplines across areas such as Strategy, Forensic, Risk and Regulatory, People and Talent, and Operational and Financial Transformation. We immerse ourselves in our clients' organizations, applying sector knowledge and technology solutions to deliver optimal outcomes and ensure accuracy from the start.

Why Join KPMG as a Credit Risk Assistant Manager?

You will advise clients on the impact of changing requirements in provision accounting standards (IFRS9) and Basel credit risk capital requirements (IRB).

You will perform technical analysis for workstreams within IRB, IFRS9, and credit risk modeling engagements.

You will apply your skills to a broad range of banking risk-related issues, supporting both regional and national propositions.

Key Responsibilities

• Assessment of model performance
• Replication testing
• Reviewing models against IRB regulatory requirements

Qualifications and Experience

• Minimum 3 years of experience in a credit risk modeling role within a financial or professional services firm
• Practical experience in credit risk modeling techniques
• Knowledge of accounting and risk requirements related to IRB, IFRS9, and other regulatory credit risk models
• Experience in model development and validation, including data extraction, user acceptance testing, and developing PD/EAD/LGD models for retail and wholesale banking
• Understanding of credit risk processes, governance, and documentation

Key Skills

• Ability to communicate risk and finance requirements between risk and finance functions
• Proficiency in programming languages such as SAS, R, Python
• Flexibility and capacity to contribute in a senior capacity across various banking risk projects
• Excellent communication, planning, project management, networking, and influencing skills
• Willingness to work across the UK and internationally as needed

Locations

We are open to discussing opportunities for Credit Risk Assistant Managers across the UK, where our team is based.

With 20 sites nationwide, we offer options including office work, remote working, flexible hours, and part-time arrangements. Please discuss your needs with our team.

Learn More

Within Consulting, we have various divisions and specialisms. Click the links below to explore:

• Consulting at KPMG
• ITs Her Future Women in Tech programme
• KPMG Workability and Disability Confidence

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