Market Risk Assistant Manager
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Job description
KPMG Overview :
Joining KPMG means joining a talented team of exceptional colleagues who bring innovative thoughts and a natural curiosity to the work they do each day. No one type of person succeeds at KPMG; a diverse business requires diverse personalities, characters and perspectives. There really is a place for you here.
Job Description
Using a wide variety of technical and sector-specific skills, KPMG's Risk Consulting group proactively helps clients increase profits whilst reducing reputational, operational, financial and other risks. We are experienced in managing diverse issues including fraud, regulatory compliance, risk frameworks and modelling, capital efficiency, corporate governance, dispute resolution, deriving value from contracts and much more.
Risk
As subject matter experts with a breadth of experience and specialism across industry, consulting, academia and regulators, the risk team offer the skills and levers to provoke and support complex and unique risk transformational projects in the financial services industry.
The Role
We are recruiting for an Assistant Manager for our Market Risk proposition.
Responsibilities:
• Advising and assisting clients with the impact of the changing capital requirements framework ('Basel 4'), with particular focus on the new market risk requirements, Fundamental Review of the Trading Book ('FRTB').
• This role is primarily a qualitative SME role focussing on the impact on bank business models and potential solutions (as opposed to modelling the quantitative impact).
• This will require working with senior Front Office (primarily Trading) stakeholders at investment banks as well as other functions such as Risk and Product Control.
• The individuals will be responsible for analysis of the implication of regulatory change within both market risk and wider risk and capital related engagements.
• Need to be proactive in keeping abreast of regulatory expectations and industry practices.
• As a member of the banking segment, the individual will also be required to apply their skills to a broad range of banking related issues supporting both UK and Global propositions. The expectation is that the roles will evolve over time to provide a balance of broader advisory and client heyday facing responsibilities.
The Person
Qualifications & Skills:
• Market risk knowledge and Front Office experience are preferred.
• Good knowledge and understanding of market risk frameworks and processes including risk management, risk control and product control.
• Proven ability of supporting the delivery of market risk engagements.
• Ability to clearly define and articulate business requirements
• Working knowledge of FRTB and an understanding of its implications is advantageous, but not a requirement.
• Ability to communicate with senior stakeholders (both internally and externally) on range of topics.
• Confidence and ability to explain complex technical terms/impacts to a senior non-technical audience (e.g. VaR, SVaR, IRC, RWA and ES).
• Proven ability to work within a team environment.
• Flexibility and agility to contribute to a broad range of banking risk engagements.
• Excellent oral / written communication, planning, project management, networking and influencing skills.
• Flexibility to work across the UK (and internationally) where required.
Experience & Background:
• Experience of working on major regulatory change programmes in a trading environment.
• Strong understanding of regulatory reforms impacting financial institutions (specifically, FRTB)
• Knowledge of the front-to-back operations of an investment bank with a particular focus on understanding the structure of Front Office.
• Experience of working with Front Office (specifically trading), Risk and Product Control across a number of asset classes
• Experience of risk management within investment banking
• Project management skills