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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

A Credit Risk Modelling Assistant Manager is a technical specialist role supporting the external audit of credit risk models (IFRS9, CECL, etc). As a technical specialist, we would expect the candidate to be able to:

• 
  Critically assess appropriate model documentation against the requirements of the accounting standard and industry practice.
• Independently reperform the procedures and tests detailed within the documentation in (1) using the appropriate software packages
• Document the work done in (1) and (2) in a clear and succinct manner

Responsible for conducting assessments of client model documentation (e.g. model development, validation, monitoring documentation) against the requirements of the accounting standard as well as industry practice;

• 
  Being able to annotate code produced by an audited entity and reconcile code functionality/ variables back to documentation;
• Being able to reperform the output of an audited entity’s code by rerunning it in the appropriate software package;
• Being able to reperform the output of an audited entity’s code using code developed independently from an entity’s documentation using an appropriate software package;
• Being able to determine independent estimates of a model’s output using KPMG assumptions.
• The documentation of (1-5) in a clear and succinct manner
• The ability to organise and execute workstreams for the delivery of (1-6)
• Management and training of more junior resources on an engagement

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.