KPMG

Senior Manager, Accounting Consultation, Banking Audit

Recruiter
KPMG
Location
United Kingdom
Salary
Competitive
Posted
22 Sep 2020
Closes
21 Oct 2020
Ref
59098
Approved employers
Approved employer
Job role
Accountant
Experience level
Manager
The Accounting Consultation team
provides in-depth technical accounting knowledge to the audited entities in
KPMG's Banking Audit practice. The team brings technical knowledge with
practical insights and experience in the banking sector to advise our audit
teams on their most complex and judgmental technical accounting and reporting
issues.

Our team creates added value through:

-Seamless integration into
investment and retail banking audit teams to assist and deliver on the most
technical accounting aspects of their audits.

- Translating subject matter
expertise on complex accounting areas such as IFRS 9, hedge accounting and
structured transactions into comprehensible and practical solutions.

- Be at the forefront of, and drive
best practice in, financial instruments reporting across the KPMG audit
practice.

- Provide high quality and
practical training and education for external and internal audiences.

- Maintain close links with KPMG
UK's national and global technical departments

Role and Responsibilities
- Advise on a wide range of accounting and reporting areas, with a focus
on financial instruments for our retail and investment banking clients.

- Integrate into audit teams to deliver responsive support based on strong
project management skills.

- Direct interaction with clients on our biggest clients and/or areas that
attract significant accounting risk.

- Inspection of financial statements of Public Interest Entity clients prior
to issuance

- Develop internal and external training on accounting and financial
reporting matters

- Respond to ad-hoc accounting queries from audit teams

- Manage and mentor team members.

- There will also be opportunities to get involved in some advisory
engagements and projects led by other KPMG teams where accounting SME support
is required, e.g. IBOR replacement, Brexit, Finance transformation and
transaction services.

- Responsible for delegating, coaching and leading a team of assistant
managers who specialise in technical accounting alongside other managers and
under guidance of Partners/Directors to support our most complex banking
audit clients.

- Direct interaction with Banking audit Partners/Directors and regular
interaction with senior members of Banking audited entities' accounting
policy and finance functions, delivering insights in GAAP compliant solutions
to the audited entities most complex technical challenges.

- Responsible for delivering technical accounting solutions to maintain
industry leading audit quality to a range of complex audited entities
including global investment banks, mid-tier building societies and smaller
private banks. Solutions will be provided post internal consultation within
the team.

The Person

- Work experience in an accounting firm or finance function focusing on
financial instruments related technical accounting relevant to financial
institutions.

- Experience of evaluating complex technical issues, requiring analysis
of facts and circumstances and consideration of alternatives culminating in
provision of sound practical GAAP compliant accounting solutions.

- Audit experience advantageous but not vital to role.

- Knowledge of finance processes, particularly accounting processes and/or
financial reporting.

Professional qualification: ACA,
ACCA or CPA.

- Strong technical knowledge of accounting
standards related to financial instruments and/or relevant to Financial
Services clients (IAS 32 and 39, IFRS 3, 7, 9, 10, 13, 15 and 16, and FRS 102
sections 11 and 12) and crucially their practical application within the
banking industry.

Excellent
written and communication skills; including delivering presentations and an
ability to communicate well with clients in writing and verbally.

- Strong project management skills, demonstrated by a record of accounting
project delivery;

Ability to motivate a team and lead

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