Assistant Manager - Credit Risk Modelling

Location: London

Capability: Audit

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Job details

Location: London

Capability: Audit

Experience Level: Associate/Assistant Manager

Type: Full Time

Service Line: FS Audit

Contract type: Permanent

Job description

We have an exciting opportunity for an Assistant Manager to join our Credit Risk Assurance team. We are a specialist function within KPMG’s Audit Practice whose purpose it is to review and challenge complex statistical models used within audited entities as part of the overall financial audit process. Our team is made up of credit risk analysts from a broad and diverse range of quantitative backgrounds, including mathematics, engineering, physics, econometrics, and statistics.  

 

As a Credit Risk Modelling Assistant Manager, you will have a technical specialist role supporting the external audit of credit risk models (IFRS9, CECL, etc). Your specific responsibility will be to execute and document the quantitative testing conducted by the team.

The role offers exposure to a wide range of techniques used by institutions, from globally systemically important banks to small credit providers. It also provides access to the latest technology, including cloud-based data processing and software packages like Python, R and SAS.

 

 

  • Organising and executing workstreams of quantitative testing.
  • Conducting assessments of audited entity model documentation (e.g., model development, validation, monitoring documentation) against the requirements of the accounting standard as well as industry practice.
  • Annotating code produced by an audited entity and reconciling code functionality / variables back to documentation.
  • Reperforming the output of an audited entity’s code by rerunning it in the appropriate software package.
  • Reperforming the output of an audited entity’s code using code developed independently from an entity’s documentation using an appropriate software package.
  • Determining independent estimates of a model’s output using KPMG assumptions.
  • Completing associated documentation for quantitative testing in a clear and succinct manner.
  • Supervising, coaching and training junior team members on engagements.

 

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Why Audit at KPMG?

Audit is the largest of our UK practices. Some of the world’s biggest companies rely on us to provide independent insight, challenge and expertise, so the work we undertake affects investment decisions, inspires confidence in public sector expenditure and supports our economic growth. Today, more than ever in disruptive times, audit is a function needed by society, and in the future, so we can capitalise, and grow. As part of the Audit team, you’ll be helping to build the confidence and trust that business and society need to thrive. We want to lead the conversation when it comes to shaping the future of the profession. And given the scale and variety of our audit engagements in both the UK and globally, we are well placed to create change. If you share our commitment to achieving excellence and working to the highest audit standards, are a natural collaborator who values different perspectives and relishes the opportunity to develop and progress - then KPMG could be the place where you can thrive.

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About KPMG

With offices across the UK, we are part of a global network of firms providing Audit, Tax & Law, Consulting, Deal Advisory and Technology Services to diverse clients.

About KPMG

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Agile working

From role sharing and flexible start and finish times to home working, we'll try and support the flexible work patterns that best suit you.

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Committed to inclusion

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