Wholesale NFRR Manager

Job Title/Req Number: Wholesale NFRR Manager - 108363

Base Location: London

KPMG is one of the world's largest and most respected consultancies. We've supported the UK through times of war and peace, prosperity and recession, political and regulatory upheaval. We've proudly stood beside the institutions and businesses which make the UK what it is.

By encompassing a wide range of disciplines across a breadth of areas such as Risk and Regulatory, we become immersed in our clients' organisations, applying sector knowledge and technology solutions to deliver the best possible outcomes and get it right first time.

Why Join KPMG as a Wholesale NFRR Manager?

As a Manager in the Wholesale Non-Financial Regulatory Reporting (NFRR) team, you will be managing technical client projects and supporting internal product development. You will be expected to keep abreast of all latest trends and upcoming changes to regulations.

As a Manager in the NFRR team, you will lead workstreams on strategic engagements that help financial services clients focus on their NFRR obligations including MiFID II and all G20 (EMIR, CFTC, SFTR, ASIC, MAS, SEC, JFSA) derivative reporting.

What will you be doing?

You will work closely with senior stakeholders supporting them on optimisation of regulatory compliance, operating model reviews, vendor selection activities, and providing market insights.

This role is ideal for someone with strong delivery experience in advisory, regulatory reporting, transformation services and remediation, who is ready to step into a leadership role with responsibility for client delivery, team development, and proposition building.

• We require the individual to manage technical client projects and support internal product development around risk and regulatory issues for our clients.
• Projects could include, for example, trade and transaction reporting business impact assessments, trading control assessments, implementation exercises and target operating model design / reviews
• Advise clients on the impact of regulations and any regulatory changes, current industry practices and advancements
• Keep abreast of all latest trends and new regulations, leveraging our international SME support where applicable, e.g. ISDA practices and direct guidance from global regulators
• The individual will be required to apply their skills to a broad range of Banking Risk-related issues supporting both regional and national propositions.
• Providing post implementation review and controls assurance – covering both industry best practices and regulatory rules, including data testing where applicable.
• Supporting firms to provide remedial assistance through identification of issues, performance of root cause analysis and supporting back reporting to enable complete, timely and accurate transaction reporting.
• Support the NFRR leadership team with driving the collaboration across the UK NFRR community across sectors (Banking, asset management, corporates and FinTechs).
• Support the NFRR leadership’s interaction with initiatives such as the Global NFRR survey, monthly sales meetings and thought leadership papers.
• Contribute to internal proposition development and business development activities including proposal writing and client pitches, including internal risk management processes.
• Provide coverage across our banking clients (predominantly retail and wholesale but may also include FinTechs)
• Leverage technology (e.g. Transaction reporting analytics, AI) to enhance regulatory and risk reporting effectiveness and efficiency.Manage junior team members, providing coaching, feedback, and development support.Build strong relationships with client stakeholders across Risk, Compliance, Operations, and Technology functions.
• Supporting firms with the design, development and implementation of all aspects of non-financial regulatory reporting, including regulatory interpretation, governance, impact assessment and change management.

What will you need to do it?

• Strong understanding of financial products (i.e. securities, derivatives)
• Strong understanding of banks and/or trading businesses, including an understanding of financial services firms' businesses, front to back trade life cycles, products, structures, governance frameworks, regulatory reporting, risk management and process and control arrangements, in the Banking and/or Investment Management sectors
• Strong familiarity with role of key bank functions including Front office, Market Risk, Product control, Operations, Treasury and Compliance
• Strong stakeholder and relationship management skills and ability to develop and maintain strong internal and external networks
• Experience of regulation impacting financial services clients and knowledge of new regulatory developments impacting them
• A practical understanding of the ‘three lines of defence’ model
• Flexibility and agility to contribute in a senior capacity to a broad range of banking risk engagements
• Strong skills in MS Office suite, particularly Excel and PowerPoint
• Excellent oral / written communication, planning, project management, networking and influencing skills
• Experience in leading and managing teams of professional staff, including decision-making, time management, prioritisation, organisation, and evaluation skills
• Flexibility to work across the UK (and internationally) where required
• Regulatory knowledge: Strong understanding and knowledge of regulatory and other developments impacting financial services clients including; MiFID, EMIR, REMIT, SFTR, CFTC, ASIC, HKMA, and MAS

Skills we’d love to see/Amazing Extras:

• Experience of data analytics tools such as Python, Alteryx, etc.
• Experience of derivative financial products and front-to-back controls either through working in a Front Office, Risk, Compliance, Change, Control or consulting environment
• Experience in initiation through to implementation of transaction reporting regulatory change projects covering business impact assessment, requirements analysis and change delivery

Our Locations:

We are open to talk to NFRR talent across the country but our core hubs for this role is:

• London Canary Wharf

With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options. If you have a need for flexibility, please register and discuss this with our team.

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