Balance Sheet Optimisation Team Manager – KPMG – Consulting
Job Description
Job title: Balance Sheet Optimisation Team Manager – KPMG – Consulting
Company: KPMG
Job description: Location: London (other locations to be discussed but a willingness to regularly travel to London is essential)
Capability: Consulting
Experience Level: Manager
Full Time
Service Line: FS Consulting
Contract type: Permanent
Job description
Balance Sheet Optimisation Team Manager – KPMG – Consulting
KPMG are looking for a talented Manager to join our expanding Balance Sheet Optimisation team within our Financial Services Consulting practice. Our Balance Sheet Optimisation team provides advice to clients in Financial Services (banks, insurers, investment firms) on approaches for optimising their balance sheets considering prudential regulatory requirements, macroeconomic conditions, market dynamics and business strategy.
As a Manager, you will be a core team member on client projects, develop your technical expertise in financial resource management and support our leadership team in the development of business opportunities.
You will be joining a proactive and forward-thinking specialist team that has secured a significant pipeline of interesting and challenging work.
Role and Responsibilities
What areas will you advise clients on?
- Assisting clients in understanding the impact of prudential developments on their balance sheet and strategic approach to financial resource management (e.g. CRDV/CRRII, Basel 3.1, Solvency II, etc.)
- Advising clients on mechanisms to optimise their balance sheet, financial resource management and achieve efficient capital structures
- Advising clients on their organisational design (e.g. legal entity structures, booking models and incentivisation), designing new organisational models and assessing the regulatory/operational implications of changes to their structures
- Advising firms on managing their relationship with PRA and FCA, including providing technical prudential advice on applications to the PRA and FCA for regulatory authorisations, permissions and waivers.
- Providing technical prudential regulatory support and advice on transactions (e.g. forward-flow agreements, securitisations and M&A due-diligence activity)
- Practically supporting firms in developing the ICAAP, ILAAP, ORSA processes
What will be your role in the team?
- A key member of a project team delivering client work in this area – this will include delivering client projects to a high level of quality, as well as mentoring, coaching and overseeing performance development of other junior team members.
- Client relationship management – support the team’s efforts to build and maintain key client relationships through supporting client relationship management and the development of thought leadership on key issues.
- Project delivery – supporting the start-to-end delivery of complex projects to deliver high quality (including risk management, financial monitoring, client delivery and stakeholder management)
- Business development – developing propositions and responses to client requests for proposals with the guidance and support of senior team members.
What will you need to do it?
- A good understanding of banks or insurance business models, the market environment and commercial drivers
- Understanding of key regulatory and market developments which will impact the approach to financial resource management at banks/insurers
- An established track record and experience in the PRA rules and guidance (for banks and/or insurers under CRR, Solvency II, etc.)
- Relevant financial services experience with a prudential regulatory, treasury or ratings focus either as part of a financial services firm, ratings agency, consultancy or PRA/FCA/other regulators
- A drive to develop your skills in financial resource management by using a solutions-driven mindset and strong problem-solving skills to help solve client issues.
- Good communication and stakeholder/customer management skills.
- Intermediate proficiency in MS Excel, MS PowerPoint and MS Word.
- Industry recognised qualification (e.g. CFA, FRM, ACA, etc.) (or working towards this) desirable but not essential.
