Manager - Securitisation - Deal Advisory


  • Contact: Human Resources
  • Reference: 512010300

Job Description:

KPMG is one of the leading Audit and Assurance practices in the UK whose success and reputation depends upon the quality and integrity of our services, and our people. As a member of our team you will benefit from relevant training and education to keep you up to speed with current changes in this specialist area of our practice.

Our Securitisation team is made up of client facing staff delivering a range of engagements across a broad spectrum of clients. These clients include investment banks, who arrange securitisation transactions, and the clients who undertake them, including: national and ‘challenger’ banks; foreign banks; building societies; leasing and other lending companies. As a manager, you will be expected to manage a rolling portfolio of engagements from planning through to completion. Your role will include executive level client interaction and provide you with the exposure to multiple clients on a regular basis. Our current activity levels support the growth and expansion of the existing team.

As part of a high performing team you will be offered extensive professional development and support. You will be allocated a senior member of staff to assist with your career development and performance management to help you in meeting your professional goals.

The Role:

Project management and oversight of all work streams* that KPMG provides to clients undertaking securitisations and other similar transactions:

- The main work streams involved in typical securitisation transactions, which the manager would be responsible for are

- Supporting the senior team in proposal preparation and responses to tender requests, and conference attendance
- Oversight of loan/asset file due diligence (mainly residential mortgages, commercial loans, auto loans, personal loans or credit cards), managing delivery via the in-charge
- Oversight of Excel modelling work to enable checking of stratification tables and weighted average lives calculations produced by clients, managing delivery via the in-charge
- Oversight of the in-charge checking that such data (and other financial or market data information) is correctly extracted and set out in the offering circular/prospectus
- Managing the performance checks of asset and portfolio eligibility criteria and credit events
- Working with audit teams to check the accuracy of financial information included in corporate bond documentation
- Monitoring engagement financial performance, identifying potential overruns and raising invoices

The ‘practicalities’ of the job:

Client behaviours/work profile – the work load and timing of assignments is unpredictable and volatile – we are frequently advised of transactions with little notice and often have to accommodate several changes to our work plans and schedules for when specific work activities are to be carried out. Managers do have to be flexible and adaptable to meet client requirements – but also where possible be firm with clients to try and reach realistic and reasonable deadlines

Staffing/support resources – to supplement our dedicated securitisation assistants, additional junior resource is often drawn from audit and other departments to support the in-charge and manager on teams, who may have little previous experience or knowledge of the work. However, the securitisation work in itself can be performed successfully if appropriate instruction and coaching is provided. Managers will be expected to coach and develop in-charges and new securitisation assistants as part of our growth plans.

Locations/logistics – the client sites where assignments are undertaken are spread around the country – with concentrations of work regularly required in the South West, Greater London, Yorkshire, North East, Scotland and the Midlands. Covering transactions across the EU and Middle East, we work in liaison with our local offices. Managers will be expected to visit client sites during engagements, whilst fieldwork is controlled on a day-to-day basis by the in-charge.

Qualifications and Skills:

The ideal candidate will meet the following criteria

- Professionally qualified with a recognised accountancy body, ACA, ACCA, CIMA or CPA or a similar qualification. We are prepared to consider candidates without such qualifications if their other skills merit this.
- Whilst exposure to Financial Services audits is preferred, this is not a requirement.
- You are required to possess well developed leadership and supervisory skills and have the ability to effectively communicate with a wide range of individuals both internally and externally.
- Drive and resilience and ability to thrive in a pressured environment.
- Strong project management techniques including decision-making ability, analytical skills, time management, organisation and evaluative skills
- Capable of working under the pressure of multiple deadlines and competing priorities across various projects concurrently.
- IT literacy with sound knowledge and experience of Excel and Word
- Managers should be able to delegate tasks to junior team members whilst maintaining oversight of key issues and findings,

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