FRM: Credit & Market Risk - Junior Consultant 2026

KPMG South Africa; United States; Remote; USD 55,000 - 95,000; Full time

Job summary

Join a forward-thinking company as a Junior Consultant in the Financial Risk Management division. This exciting role offers you the chance to engage in diverse projects, enhancing clients' credit and market risk management capabilities. You'll gain hands-on experience in credit risk model development, market risk analysis, and financial instrument valuation. With opportunities for travel and professional growth, this position is perfect for graduates eager to make a significant impact in the financial sector. Collaborate with industry leaders and expand your skills in a supportive environment focused on continuous improvement and innovation.

Benefits

Exceptional Learning Experiences

Promising Career Development

Comprehensive Risk Management Exposure

Robust Professional Support

Global Opportunities

Supportive Study Policies

Qualifications

• University graduates or final-year students in relevant fields.
• Strong analytical skills with a focus on risk management.

Responsibilities

• Support credit risk model review and development for impairment.
• Engage with clients across financial services, enhancing risk management capabilities.

Skills

Credit Risk Management

Market Risk Analysis

Statistical Analysis

Data Analysis

Financial Modelling

Education

Bachelor's Degree in Computer Science

Bachelor's Degree in Data Science

Bachelor's Degree in Mathematical Sciences

Bachelor's Degree in Statistics

Job description

Job Description

Job Number:

FRM: Credit & Market Risk - Junior Consultant 2026 (25000029)

Description

KPMG is currently recruiting for the 2026 Graduate Programme within the FRM: Credit & Market Risk teams.

About the Division: Financial Risk Management (FRM) assists clients in defining, supporting, and implementing risk strategies, actuarial and risk analytics, while ensuring compliance with all relevant regulatory requirements. Our service lines include Credit and Capital Risk, Actuarial Services, and Market/Treasury Risk. Our teams work closely with clients to foster a culture of continuous improvement in meeting regulatory obligations and implementing effective risk management programs and solutions.

Join Our 2026 Graduate Program: KPMG is currently recruiting for the 2026 Graduate Program within the FRM (Credit and Market Risk) Teams.

About Us: Our FRM team is committed to enhancing clients' credit risk and market risk management capabilities and developing robust capital management strategies. We specialize in credit risk model review and development for impairment (IFRS 9) and capital modelling (Basel). Our expertise extends to capital and balance sheet management, including ICAAP, Risk Appetite, and Economic Capital modelling. We also support credit policy reviews, audit support, and other strategic engagements to optimize credit risk frameworks. In market risk, we focus on valuation of complex financial instruments (IFRS 13), liability calculations for BEE and employee incentive schemes under IFRS 2, and stay current with SARB regulations to deliver models meeting client expectations (VaR, IRRBB, PVA, etc.). We leverage advanced trading and risk software, with coding being integral to ensure precision and reliability.

What We Offer

Exceptional Learning Experiences: Engaging in advisory services means that no two projects or clients are the same, offering continual challenges and opportunities to expand your professional network.

Promising Career Development: Exciting opportunities for career advancement, competitive compensation, and the chance to work alongside industry leaders. Explore unconventional fields and participate in pioneering projects.

Comprehensive Risk Management Exposure: Gain extensive experience across various risk areas, developing and refining a wide range of risk management skills.

Robust Professional Support: Work within a large team of experts dedicated to supporting your professional growth, providing ample project resources.

Global Opportunities: The KPMG network offers travel opportunities and access to international best practices.

Supportive Study Policies: We offer competitive support for further education and study leave.

You will be involved in:

Credit Risk

• Supporting credit risk model review and development for impairment (IFRS 9) and capital modelling (Basel).
• Supporting other credit strategic engagements to enhance clients' credit risk management capabilities.
• Potential involvement with capital management and balance sheet management, including ICAAP, Risk Appetite, and Economic Capital modelling.
• Supporting valuations of financial instruments from bonds to Asian options.
• Supporting Monte Carlo simulations for BEE schemes and Long-Term Incentive Plans.
• Reviewing market risk models and implementing latest regulatory models.
• Engaging with clients across the financial services industry, including banks, development finance institutions, micro-lenders, retailers, and JSE Top 40 companies in mining, utilities, and telecom sectors.
• Potential travel opportunities within Africa, Europe, and the Middle East.

Qualifications

University graduates or final-year students pursuing:

• Bachelor's, Honours, or Post-Graduate Degrees in:
• Computer Science, Data Science, or Analytics
• Mathematical Sciences or Statistics
• Applied or Financial Mathematics
• Statistics
• Other relevant mathematics or statistics degrees

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