Consultant/Senior - Non Financial Risk

Lead financial institutions to the next level of Regulatory & Risk Advisory.

Our Regulatory & Risk Advisory Line of Service is on the forefront of KPMG Advisory outstanding performance: our appointed partner is the Global Leader for the Regulatory & Risk Advisory Practice within KPMG Network worldwide. Our professionals support clients across all industries to achieve robust financial as well as non-financial risk management frameworks that satisfy compliance demands, contribute to better decision making and enhance results.

Your solid skills will be highly valued and will place you at the centre of a first-class environment, where you will be able to contribute first hand to the success of our clients and to your own professional growth.

Through challenging projects you will gain a deep and specialized experience across all aspects of financial services industry.

 As part of KPMG Non-Financial Risk Competence Team in Milan – a highly renowned team within financial sector - you will be accountable for organizational and methodological issues within complex Risk Management projects following both regulatory and managerial goals.

In particular, you will:

• Implement and review governance models and processes for operational, reputational and other non-financial risks (e.g. ICT, cyber, third parties risks)
• Design, review and assist to the execution of standard operational and reputational risk management identification and evaluation processes (data collection, risk self assessment, scenario analysis, Key Risk Indicators)
• Implement Risk Appetite Framework metrics, reporting systems and mitigation processes for non-financial risks (NFR)
• Design processes for embedding operational risk data and metrics into business as usual activities
• Design and implement processes and methodologies to embed the management of emerging and specific non-financial risks (e.g. business continuity, outsourcing, …) as well as ESG risks into existing NFR frameworks (e.g. operational / reputational / outsourcing risk management)
• Perform risk and scenario analysis on specific non-financial risks domains or firm’s activities
• Perform stress test analysis from both managerial and regulatory perspectives   
• Embed the internal control system outcomes into the Operational Risk Management Frameworks, including performing deep dive analysis on specific processes to assess risk profile and level of controls
• Collaborate with ICT & Cyber Risk specialists to integrate such risks framework with the overall Operational Risk Management System 
• Scout and create business case for the application of Artificial Intelligence for a more effective management of non-financial risks
• Figure out how to align and adjust existing risk management frameworks into a comprehensive operational resilience model, including implementation of DORA regulations
• Collaborate with the Analytical Team to develop cutting-edge solutions for measuring NFR

To be the successful candidate, you will have:
 

• Knowledge, experience and passion about the analysis of financial institutions’ processes and Internal Control Systems
• Analytical mindset applied to the study of firm’s processes, designing of methodologies and review of data, especially adopting risk management lens
• Technical skills to apply in a non-conventional way. Be smart and curious, properly weighting previous experiences and innovative views
• Passionate in liaising with business stakeholders in order to execute methodologies for risk analysis, including the ability to manage workshop for risk discussion
• Knowledge about the main regulations for non financial risks (e.g. Basel 2/3, EBA Outsourcing guidelines, ECB’s recommendations on ESG risks, DORA, …) and standard components of NFR framework (e.g. operational / reputational or integrated risk assessment, analysis of internal control systems, collection of data on operational events or IT incidents)
• Proficiency in English
• Preferably, Master’s degree in Management Engineering, Economics or Finance

You are a problem solver, who never loses his/her focus, can easily build strong relationships and fosters collaboration and is highly responsible for your own work. You are able to inspire confidence in our clients and empower change through high motivation and enthusiasm. You are challenged by dynamic and evolving working environments, where your leadership skills are highly appreciated.

Businesses are demanding a broad mix of Advisory Services as they seek to address the myriad of challenges and opportunities presented by a persistently volatile and complex economic environment. Our Advisory experts work across the corporate health spectrum covering areas as diverse as profitability, transformation, technology, risk, growth, structure and operations.

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