GMA – Internship Financial Operations Risk Management – 2024

Overview

At KPMG, you’ll join a team of diverse and dedicated problem solvers, connected by a common cause: turning insight into opportunity for clients and communities around the world.

Do work that matters, supported by a community that values difference and cares about you. Gain learning that’ll last you a lifetime and be recognized for the impact you make. With a focus on encouraging employees to come as they are, KPMG provides its employees with a variety of unique tools and support systems that ensure they thrive and make their mark in their career and in their communities.

What you will do

• Help carry out engagements regarding process reviews and optimization, strategic support and model reviews. Depending on your interests, engagements may cover the following types of activities:
  • Investment and portfolio manufacturing activities covering public markets (fixed income, equity markets) and private markets (infrastructure, real estate, private equity, private debt, etc.)
    
  • Capital market activities (cash management, Basel framework, trading, etc.)
    
  • Quantitative and econometric modelling in the context of credit risk management (PD, LGD, EAD, economic capital, etc.)
    
  • Project planning, progress monitoring, and implementation of new functionalities
    
  • Gather and challenge business requirements and translate them into technical specifications
    
  • Non-financial risk management activities (operational risk, third-party risk, etc.)
    
  • Development of tools and analytics in an actuarial context
    
  • Financial risk management, including the metrics and models used and governance
    
• Support managers in drafting deliverables
  
• Quickly grasp concepts and issues that are key to meeting client needs and suggest potential solutions or areas for improvement
  
• Interact effectively with other team members and clients (internal and external)
  
• Act as the bridge between the business and technological teams
  
• Ensure strategic alignment of proposed business solutions
  
• Communicate analysis results in a clear and concise manner to relevant stakeholders
  
• Support the team as needed on engagements involving fair value measurement of financial instruments (including derivatives), control and governance reviews or requiring quantitative analysis (including statistical factors)

What you bring to the role

To support its strong growth, KPMG is recruiting a large number of professionals in the financial services sector. You will be involved in a variety of projects with clients exclusively in the financial services industry, including asset managers, pension funds and major Canadian banks. Depending on your interests, you will work closely with partners and managers on engagements related to:

• Investment and financial risk management
• Quantitative modelling and credit risk management
• Implementation of technological solutions to fulfill investment, asset management and risk management needs
• Operational risk management
• Actuarial science
   

You are highly motivated and enthusiastic about taking on various challenges and working on projects of strategic importance. You have a strong ability to home in on key quantitative and qualitative concepts to develop value‑added recommendations for our clients. You are a big-picture thinker and grasp new concepts quickly.

You have an excellent academic record and high intellectual curiosity. You are a team player able to adapt quickly to new challenges and demonstrate a keen sense of initiative and resourcefulness. You are disciplined and constantly strive to deliver superior quality work. 

General Qualifications

—   Understanding of how capital markets work and who is involved in them (banks, pension funds, private asset managers, etc.)

—   Ability to clearly structure and summarize a number of concepts and make compelling recommendations

—   Skilled at producing compelling presentations and reports

—   Strong analytical and problem-solving skills

—   Excellent communication skills in English and French (both verbal and written)

—   Sense of initiative and strong organizational and priority management skills

—   Demonstrated ability to learn and succeed in a fast‑paced, high‑pressure environment

—   Excellent teamwork and relationship‑building skills

—   A proven ability to handle a broad range of activities with competing priorities

—   Highly disciplined and detail-oriented

Specific Qualifications Depending on Area of Interest

—   Investments and Financial Risk Management:

• Knowledge of the various investment vehicles and financial instruments across all asset classes (public fixed income and private debt, public and private equity, infrastructure, real estate, natural resources, derivatives)
• Knowledge in modelling derivative financial instruments in various areas, such as equity instruments, interest rates, foreign exchange, commodities, energy (an asset)
• Advanced knowledge of risk measures, such as VaR and expected shortfall (an asset)

—   Quantitative Modelling and Credit Risk:

• Knowledge of statistical and econometric modelling techniques (linear and logistic regression, time series, variable selection methods, etc.)
• Knowledge of credit risk models in a banking context (PD, LGD, EAD, etc.) (an asset)
• Knowledge of a programming language (Matlab, Python, R, SAS, VBA) (an asset)
   

—   Technological Solutions and Business Analysis:

• Knowledge of the regulatory environment of financial institutions
• Knowledge of information systems and the development cycle
• Knowledge of a programming language (SQL, Python, VBA, R) (an asset)
• Experience in the management, coordination and realisation of large projects (in a school or professional setting) (an asset)
• Familiarity with the operational structure of large financial institutions (risk management 1LOD, 2LOD, 3LOD; compliance; treasury; accounting; front office; middle office; back office) (an asset)

—   Operational Risk Management:

• Knowledge of risk functions within financial institutions
• Knowledge of the Basel operational risk taxonomy
• Knowledge of the concept of regulatory capital and its calculation methods (an asset)
• Knowledge of a process mapping tool (Visio, Casewise, …) (an asset)
• Knowledge of a reporting tool (Power BI, Tableau, …) (an asset)
   

Keys to Your Success

—   Graduate diploma in finance, financial engineering, economics, financial economics or any related field

OR

—   Combination of a bachelor’s in finance, actuarial science or economy and a professional title (CFA, FRM) or other relevant training/experience (ie: computer science, IT training)

—   0 to 4 years of experience in investment analysis, investment risk analysis, investment advisory services, sales and trading of financial instruments, data science, statistical and quantitative modelling, or other similar relevant experience

To apply:  

Please apply directly to KPMG at kpmg.ca/careers.  PLEASE APPLY TO ONLY ONE JOB POSTING

Our online application system will allow you to include up to five documents without losing your formatting. Applications should include: 

Resume 
Electronic copy of your most recent transcript and/or GPA 
Other relevant documents (e.g. GMAT score) 
 

If you do not have access to an electronic copy of your transcript, we ask that you attach a screenshot of your grades from your school’s website. 

Our Values, The KPMG Way

Integrity, we do what is right | Excellence, we never stop learning and improving | Courage, we think and act boldly | Together, we respect each other and draw strength from our differences | For Better, we do what matters

KPMG in Canada is a proud equal opportunities employer and we are committed to creating a respectful, inclusive and barrier-free workplace that allows all of our people to reach their full potential. A diverse workforce is key to our success and we believe in bringing your whole self to work. We welcome all qualified candidates to apply and hope you will choose KPMG in Canada as your employer of choice. For more information about Inclusion, Diversity & Equity in Recruitment, please click here.

Adjustments and accommodations throughout the recruitment process

At KPMG, we strive for an inclusive recruitment process that allows all candidates to Come As You Are and Thrive with Us. We aim to provide a positive experience and are ready to offer adjustments or accommodations to help you perform at your best. Adjustments (an informal request), i.e. extra preparation time or the option for micro breaks during interviews, and accommodations (a formal request), i.e. accessible communication supports or technology aids are tailored to individual needs and role requirements.

To begin a confidential conversation about adjustments or accommodations at any point throughout the recruitment process, we encourage you to contact KPMG’s Employee Relations Service team for support by emailing cdnersteam@kpmg.ca or by calling 1-888-466-4778, Option 3.

For information about accessible employment at KPMG, please visit our accessibility page.