Credit Risk Assistant Manger

TN United Kingdom; Liverpool; Hybrid; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Credit Risk Assistant Manager to provide expert advice on evolving accounting standards and credit risk capital requirements. In this role, you will leverage your analytical skills to perform technical analysis on credit risk modeling engagements, ensuring compliance with regulatory standards. The position offers flexibility with options for remote work and part-time arrangements, making it ideal for those seeking a balanced work-life dynamic. Join a team dedicated to delivering excellence in financial consulting and make a significant impact across the UK.

Qualifications

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

Responsibilities

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

Skills

SAS

R

Python

Communication Skills

Project Management

Networking Skills

Education

Degree in Finance or related field

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 which make the UK what it is.

By encompassing 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 also perform technical analysis for workstreams within IRB, IFRS9, and credit risk modeling engagements, applying your skills to a broad range of banking risk issues supporting regional and national propositions.

Key Responsibilities

1. Assessment of model performance
2. Replication testing
3. Reviewing models against IRB regulatory requirements

Candidate Requirements

• Minimum 3 years’ 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 retail/wholesale banking PD/EAD/LGD models
• Understanding of credit risk processes, governance, and documentation

Key Skills

• Ability to communicate risk/finance requirements of IRB and IFRS9 effectively
• Proficiency in programming languages such as SAS, R, Python
• Flexibility and ability to contribute at a senior level across various banking risk engagements
• 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 the team is based. With 20 sites nationwide, options include office work, remote work, flexible hours, and part-time arrangements. Please discuss your needs with our team.

Learn More

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

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