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Financial Risk Management Consultant

Closed for now

Financial Risk Management Consultant

KPMG Amstelveen

What is required?

  • Academic with a quantative orientation
  • Knowledge or experience gained in the field of financial risk management
  • Knowledge of quantitative research methods
  • Programming skills

What will you get?

  • €2.600 - €3.900 gross p/m (+lease car (free choice) and performance bonus)
  • 40 - 45 hour workweek
  • 30 vacation days
  • Sometimes work on the weekend
  • Possibility to follow training courses and workshops

What will you do?

  • 20% Control reports
  • 20% Meeting client
  • 30% Analysis
  • 10% Consultation internally
  • 10% Project management and organization
  • 10% Internal projects

This vacancy has been created based on interviews with employees to help you get a realistic preview of the job.

Vacancy

As a Financial Risk Management Consultant at KPMG, you will be part of a team of 70 consultants, and you will often collaborate with your co-workers. As a team, you will provide insurers, banks, asset managers, and pension funds with advice on measuring and managing financial risks. For example, you will be involved in determining the impact of Basel IV on a bank’s capital requirements, providing an insurer with advice on interest rate risk policy, or providing actuarial advice on pension schemes to a company. Other examples include checking mortgage models or ALM studies (Asset Liability Management). You create analyses and reports and make an overall contribution to internal and clients’ assignments.

Calendar

Senior Consultant Financial Risk Management
Sharish Biere

On nice days, I partly perform quantitative tasks (I work on a model) and I partly brainstorm substantive issues with clients.

Less pleasant days occur when I perform repetitive tasks that require little input from other people and when I have to work hard on documentation.

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  • 18:00

Firsthand experience

A major insurer asks if KPMG can validate a mortgage model. The company wants to know whether processes have gone well and if the model is functioning properly. How to go about it?

After the initial discussions about the problem definition, you should first wait and see who will get the assignment, as there are usually two or three other parties in the market that have sent a quote as well. If KPMG gets the assignment, you consult with one of the client’s stakeholders on the available documentation as well as the elements which should be assessed. Once all this is clarified, you will have an actual look at the models. After making the first analysis, you ask a (senior) co-worker if he agrees with you. Subsequently, you coordinate your insights with the client.

In this case, it is important to validate whether the methodology used by the client is suitable and corresponds with the rules. Then, you can figure out if the model is properly implemented. You examine this both quantitatively (it should be mathematically correct) and qualitatively (the right considerations should have been made). Finally, depending on the client’s wishes, you write a report containing an opinion. Upon completing the assignment, you discuss with the client if there is any follow-up work to perform.

Growth

At KPMG, you will start your career as a Consultant. The way in which you’ll continue to grow within the company depends on a combination of your personal growth as well as your own ambitions and wishes. To this end, you will draft a personal plan in close collaboration with your Development Manager, and you will regularly discuss progress. As a Consultant, you will immediately join in on the work – usually, on several projects at the same time. You will be given room to take on your own activities, take responsibility, and provide input on a project. Of course, the team will provide you with support and guidance where necessary. You can always ask a co-worker any questions you have. Here, you won’t work alone, but in a team. Together, we achieve the best result for the client.

Consultant Financial Risk Management

Working at KPMG

KPMG the Netherlands is part of an international network of accountancy and consultancy firms with 162,000 employees in 155 countries. KPMG’s accountants perform assessment and audit tasks and provide an independent opinion regarding financial matters. KPMG’s consultants are deployed in various fields, such as data analysis, blockchain, robotics, cybersecurity, and audit digitalization.
  • HQ in Amstelveen
  • Active in 155 countries
  • 34 % / 66 %
  • Average age 31
  • 2,849 employees in NL
  • 162,000 employees worldwide

Colleagues

Sharish Biere (25) - Senior Consultant at Financial Risk Management

Why did you decide to work for this company?
The actuarial sector is changing immensely, which is why I felt the need to further broaden my knowledge. At KPMG, I immediately noticed that you get the opportunity to be involved in a wide range of projects.

What was your previous job?
Consultant at Willis Towers Watson.

What do you do in your spare time?
I love to travel, play sports, gaming and hang out with friends.

Ilona van Mechelen (29) - Manager at Financial Risk Management

Why did you decide to work for this company?
I was looking for a place where I could properly apply my quantitative background, but where I could also translate it into a foundation for strategic decisions. FRM is absolutely the right place for me. The young, ambitious, and enthusiastic team and the varied environment motivate me tremendously.

What was your previous job?
Retirement & Benefits Consultant.

What do you do in your spare time?
I love to cook & eat with friends. Go to the beach and discover new cities.

Peter Bosschaart - Senior Consultant at Financial Risk Management

Why did you decide to work for this company?
I wanted to start my career at a major consultancy to learn a lot within a short period of time and to perform diverse tasks. Moreover, at KPMG Financial Risk Management, I could excellently combine this with my technical background. After an initial conversation with enthusiastic co-workers, I instantly knew everything would be fine.

What was your previous job?
This is my first job.

What do you do in your spare time?
I like to spend time with my friends, I like to cook and make music. I also enjoy a good movie, series or videogame

Nathan Mansell (28) - Senior Consultant at Digital Enablement

Why did you decide to work for this company?
At KPMG, I got the opportunity to work on different projects with varied technical approaches. While doing so, I quickly noticed that this company employs driven people that I can learn a lot from.

What was your previous job?
Software Developer bij NZ Treasury.

What do you do in your spare time?
Watching sports, traveling and food.

Ruben van den Ende (26) - IT Consultant at Digital Enablement

Why did you decide to work for this company?
I opted for KPMG because of the new challenge as an IT consultant that was offered to me. Additionally, the opportunity for further development and the variety in projects have contributed to my choice.

What was your previous job?
Graduate Software Development at Parcel Pro.

What do you do in your spare time?
Cycling.

Amrita Basu (29) - Consultant at Digital Enablement

Why did you decide to work for this company?
KPMG motivates me to come up with and implement ideas together with my skilled co-workers. Here, I get the freedom and flexibility to perform tasks and responsibilities in my own way. Within KPMG, I also get the opportunity to work on my personal development and to grow as a Software Specialist Consultant.

What was your previous job?
Consultant at Deloitte.

What do you do in your spare time?
Spending time with my family.

Akram Ahemed (27) - Consultant at Digital Enablement

Why did you decide to work for this company?
I’ve decided to work at KPMG because I like to visit different customers. In addition, the type of assignments – advice combined with implementation – appealed to me.

What was your previous job?
Part-time shop assistant at Asics.

What do you do in your spare time?
Playing soccer.

Interesting job?