Consultant / Senior Consultant, Financial Risk Management (Non-Quant)

Overview
At KPMG, you'll join a team of diverse and dedicated problem solvers, connected by a common cause: turning insight into opportunity for clients and communities around the world.

KPMG's Financial Risk Management (FRM) professionals help companies manage complex market, regulatory, operational and credit risks by shaping their risk and business strategies to effectively mitigate or take advantage of such exposures and enhance their compliance stance.

Backed by deep industry knowledge, our team works with organizations to strengthen their governance and operating models, positioning them to effectively achieve their risk management goals. KPMG's FRM professionals help organizations by addressing complex challenges, creating, and protecting sustainable business value and transforming risk into a strategic advantage.

We are looking for a Senior Consultant with financial services industry experience or advisory background in financial services risk management. The ideal candidate is a highly motivated professional with excellent written and verbal communication skills interested in gaining leadership and client interaction skills. Familiarity with the Canadian and US regulatory landscape in banking, capital markets, and asset management is preferred.

What you will do
As a FRM Senior Consultant at KPMG, you will play a crucial role in helping financial institutions effectively manage their risks, including but not limited to credit risk, liquidity risk, interest rate risk, capital management, arising from their lending, deposits, treasury and capital market businesses. You will work closely with clients to understand their unique needs and problem statements and provide guidance to address these from both short-term and strategic perspectives. Your expertise will be instrumental in shaping our clients' risk management strategies and ensuring compliance with regulatory requirements.

Examples of the engagements you will play a role on include but are not limited to:

• Client engagements focusing on Liquidity Risk, Liquidity Regulatory Reporting, Liquidity Stress Testing, Funds Transfer Pricing (FTP), Interest Rate Risk, Capital Adequacy, Capital Management, Resolution and Recovery Planning.
• Provide clients with gap assessments as well as design and implementation of processes to facilitate asset liability management, funding and liquidity planning, stress testing and capital management.
• Perform assessment and analysis of client's liquidity positions to identify potential risks and develop liquidity risk management strategies tailored to each client's specific needs.
• Perform testing and validation of the Liquidity Coverage Ratio (LCR), NSFR, NCCF, liquidity reporting and liquidity stress testing.
• Perform interest rate risk assessments to evaluate exposure and potential vulnerabilities within the balance sheet using key interest rate risk metrics (i.e., Net Interest Income (NII), Economic Value of Equity (EVE).
• Provide guidance to clients on optimizing asset liability management framework and practices to achieve interest rate risk management targets.
• Evaluate client's capital management process against regulatory requirements and provide assistance in stress testing, capital planning and capital reporting.

What you bring to the role

• 3+ years of experience in the financial services industry (lending, treasury, capital markets, operations, compliance, internal audit, etc.).
• Strong academic background with a Bachelor's or Master's degree in Business, Finance, Commerce, Economics, Mathematics, Statistics.
• CFA or FRM designation is a plus.
• Knowledge of liquidity management, cash management, asset liability management, cash flow forecasting, funding, interest rate risk, capital adequacy and capital management.
• Familiarity and working experience with Canadian and US regulations pertaining to liquidity risk, interest rate risk, market risk (OSFI LAR guidelines, OSFI B-12, OSFI CAR guidelines, Fundamental Review of the Trading Book, Credit Valuation Adjustments, Reg YY, OCC heightened standards etc.).
• Experience in developing and / or testing quantitative models for risk measurement, pricing, and regulatory purposes (ECL, CCAR, capital, etc.).
• Familiarity with the processes, requirements, regulations, and challenges in relation to internal and external risk reporting.
• Understanding of risk data, data integration, data management and governance in the context of Financial Services industry.
• Expert knowledge of Microsoft Office Tools (Excel, PowerPoint, Word) is required.
• Experience with programming languages (R, Python etc.) and dashboarding tools (Tableau, PowerBI) is a plus.

Providing you with the support you need to be at your best
Our Values, The KPMG Way
Integrity, we do what is right | Excellence, we never stop learning and improving | Courage, we think and act boldly | Together, we respect each other and draw strength from our differences | For Better, we do what matters

KPMG in Canada is a proud equal opportunities employer and we are committed to creating a respectful, inclusive and barrier-free workplace that allows all of our people to reach their full potential. A diverse workforce is key to our success and we believe in bringing your whole self to work. We welcome all qualified candidates to apply and hope you will choose KPMG in Canada as your employer of choice.

Adjustments and accommodations throughout the recruitment process
At KPMG, we are committed to fostering an inclusive recruitment process where all candidates can be themselves and excel. We aim to provide a positive experience and are prepared to offer adjustments or accommodations to help you perform at your best. Adjustments (informal requests), such as extra preparation time or the option for micro breaks during interviews, and accommodations (formal requests), such as accessible communication supports or technology aids, are tailored to individual needs and role requirements. You will have the opportunity to request an adjustment or accommodation at any point throughout the recruitment process. You will have an opportunity to request an adjustment or accommodation at any point throughout the recruitment process. If you require support, please contact KPMG's Employee Relations Service team by calling 1-888-466-4778.