Technical Banking Accounting Advisory - Assistant Manager

Competitive salary and a broad range of employee benefits
26 Feb 2024
07 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Job description

The KPMG Consulting function is a cornerstone of our business.  Operating from London we do work that matters, serving the country with diligence and expertise.

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 Strategy, Forensic, Risk and Regulatory, People and Talent, and Operational and Financial Transformation, 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 an Technical Banking Accounting Advisory – Assistant Manager?

Banking Accounting Advisory (BAA) is a team of Banking and Financial Services technical accounting specialists with extensive experience delivering expert accounting advisory services, financial reporting and regulatory change projects to major Tier-1 global banks, challenger banks and building societies. We have deep expertise in complex accounting within the Banking and Financial Services sector such as IFRS 9, hedge accounting, securitisations and other structured transactions, derivatives, and deal accounting for mergers and acquisitions and group reorganisations. We also provide SME advice on the critical interactions between IFRS and PRA/EBA regulatory regimes.

The team’s experience enables us to anticipate and proactively address the future challenges in the Banking sector and our proven track record has resulted in significant growth which requires dynamic and skilled individuals to deliver.

What will you be doing?

  • Assist with the management of client opportunities, deliver live engagements and provide input into larger multi-disciplinary teams.
  • Assist in responding to clients’ ongoing ad-hoc technical accounting queries.
  • Analyse client transactions or structures and perform detailed technical accounting analysis, including writing formal accounting opinions where required, e.g. structured transactions or deal accounting. You will assist senior management of the team to deliver these services to clients on complex transactions.
  • Assist senior management in providing clients with advice on technical accounting issues and broader impacts of new accounting standards and regulatory changes.
  • Write and review client reports based on analytical exercises (e.g. review of clients’ technical accounting decisions, stakeholder interview) to present findings and recommendations.
  • Assist clients in their implementation programme for new accounting change or development and post-implementation review programme through delivering client workshops/training, direct assistance in performing the assessment and/or review of clients’ assessment, review of technical accounting and risk interpretations prepared by clients e.g. IFRS 9. You will assist senior management of the team to deliver these services to clients.
  • Support the business development, client targeting, developing of KPMG’s client propositions and thought leadership, and assist in the responses to client proposals, with a primary focus on Financial Services (in particular, Banking clients).
  • Monitor, coach and develop others you work with on different engagements.
  • Support senior management of the team with aspects of practice management.
  • Research relevant technical and industry developments, participating in and facilitating internal and external technical training.

What will you need to do it?

  • Excellent written and communication skills, particularly in writing technical accounting analysis or opinions, delivering presentations and an ability to communicate well with clients both in writing and verbally.
  • Strong ability to evaluate technical issues, research and analyse facts, ability to influence and deal with senior individuals, consult and deliver solutions to clients.
  • Strong analytical skills in relation to impairment under IFRS 9, effective interest rate and other relevant valuation techniques.
  • Strong project management skills demonstrated by a record of accounting project delivery.
  • Strong Microsoft PowerPoint, Word and Excel skills.

Key Skills;

  • Professional qualification: ACA, ACCA, CPA or equivalent.
  • Strong technical knowledge of accounting standards related to financial instruments and/or relevant to Financial Services clients (IAS 39 hedge accounting, IFRS 9, IFRS 7, IFRS 13, IAS 32, IAS 38, IFRS 3, IFRS 10, IFRS 16, IFRS 15)
  • Experience in the practical application of the above financial instrument accounting requirements within the Banking and Financial Services industry.
  • Understanding of the Banking sector and UK and EU banking regulations and the critical interactions between IFRS and regulatory reporting.

Our Locations: 

We are open to talk to Technical Banking Accounting Advisory – Assistant Managers in the UK as this is where the team is based.

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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