Associate Director / Director - Risk & Regulatory Transformation (Financial Services)

KPMG is one of the most trusted and respected global professional services firms. Through depth of expertise, clarity of insight and strength of purpose we help our clients solve complex problems, steer change, strengthen, transition and grow. We are looking for talented people who share our purpose of inspiring confidence and empowering change for our clients, our people and our communities.   The consulting environment at KPMG is dynamic and fast-paced, offering diverse opportunities to work on challenging projects with leading organisations across various industries. As a consultant at KPMG, you will be part of a collaborative team that provides strategic insights and innovative solutions to help clients address complex business issues and drive growth. You will work with experienced professionals who are committed to delivering high-quality services and fostering a culture of continuous learning and professional development.

The Opportunity:

• Step into a role designed for an influential, strategic thinker who thrives in highly regulated, rapidly evolving financial environments. As a Manager in our Risk & Regulatory Modelling team, you’ll combine deep technical expertise with the ability to advise senior leadership on large‑scale transformation agendas.
• You’ll work directly with Tier‑1 banking clients, acting as a trusted strategic advisor to executive committees, Board‑level stakeholders, and global program owners. This is your opportunity to shape enterprise‑wide regulatory change, elevate risk management capabilities, and lead multidisciplinary teams through complex, ambiguous challenges.
• Whether you’re driving enhancements to product governance and trade risk frameworks, designing future‑state operating models, or orchestrating transformation and program governance structures across regions, you will bring clarity, direction, and momentum. This role is perfect for someone who wants impact—real, measurable, enterprise‑level impact.

Day to Day You Will:

• Lead and deliver engagements across credit risk modelling, regulatory transformation, and enterprise‑scale change programs.
• Translate complex business and regulatory requirements into pragmatic, commercially‑aligned modelling and operating model solutions.
• Provide strategic advisory to senior banking stakeholders, shaping governance forums, transformation agendas, and regulatory response strategies.
• Orchestrate multi‑disciplinary, cross‑regional teams to deliver risk and regulatory transformation initiatives across Global Markets and other business lines.
• Partner with legal, finance, technology, and risk leaders to design and embed operating model enhancements, product governance improvements, and trade risk frameworks.
• Direct development and validation of credit risk models, ensuring alignment with regulatory expectations and strategic business priorities.
• Oversee program governance frameworks, ensuring accountability, clarity, and effective decision‑making across complex transformation programs.
• Draft scopes of work, reports, and executive‑level deliverables that communicate clear insights and practical recommendations.
• Mentor junior team members and contribute to business development, proposal writing, and opportunity shaping.

About You:

• 10+ years of experience delivering large‑scale enterprise transformations, regulatory change programs, and risk management uplift across major financial institutions.
• A proven ability to advise C‑suite and Board‑level stakeholders, shaping strategic programs and guiding executive decision‑making.
• Demonstrated success leading globally distributed teams and multi‑disciplinary workstreams in both business-as-usual and transformation contexts.
• Strong understanding of credit risk modelling, regulatory frameworks, model risk management, and the broader financial services regulatory landscape.
• Expertise in designing and embedding program governance structures, operating model enhancements, and cross‑functional regulatory solutions.
• Technical familiarity with modelling and regulatory technology platforms (SAS, Python, R, SQL, model lifecycle tools, automation platforms).
• Exceptional communication, stakeholder management, and leadership skills, with the ability to navigate ambiguity and drive clarity.
• A tertiary qualification in Mathematics, Statistics, Actuarial Science, Finance, Engineering, or another quantitative field (CFA/FRM desirable).

Recruitment Agencies: The recruitment for this role is being managed directly by the KPMG Talent Acquisition team. We will contact our preferred agency partners if we require agency assistance. Thank you for your understanding.Life at KPMGKPMG values diversity in the workforce and we encourage candidates from diverse backgrounds to apply for roles, including individuals with a disability, additional mental health needs, chronic health conditions or who identify as neurodivergent. For disabled and neurodiverse candidates, if you encounter accessibility barriers or if you have access needs and require support to participate equitably in the recruitment process, please phone Emma Payne on +64 9 363 3656 or email [email protected]We offer rewarding careers to talented individuals and a holistic range of benefits to support your life balance, whatever your circumstance. We want you to do Work That Matters, Thrive and Grow and know that you Belong here with us, at KPMG. As a KPMG employee, we will offer you: —  Access to the firm's annual incentive scheme—  Opportunities for local and international secondments—  Hybrid working across a mix of office, client and home hubs to recognise that people have individual circumstances and preferences when it comes to where and how they work— The ability to work from overseas and extend time connecting with friends and family outside New Zealand—  Flexible leave options, including the ability to purchase additional annual leave—  Gender-neutral support for all stages of the parental journey, including access to 18 weeks of fully paid parental leave for all new parents —   A paid professional association membership of your choice—   Digital accreditations through our partnership with Microsoft, LinkedIn Learning, with bespoke learning pathways for all employees—   A wide-range of special offers and discounts on insurances, banking services, and lifestyle goods and services—   The support, allyship and opportunity to join our many Inclusion, Diversity and Equity Affinity networks, including the Kiwa, Pride, Ethnicity, Accessibility and Wahine groups—  The opportunity to participate in Green Team activities, as we work toward reducing the firm’s environmental footprint and become carbon zero by 2030—  An invitation to join your local Social club and enjoy events aimed at bringing people together for social, sporting, cultural, family and fundraising activities—  Paid time off for volunteering and involvement in citizenship activities—  An array of health and wellness benefits such as free flu vaccinations, subsidised sporting events, free confidential counselling services, additional 5 days of Wellbeing leave to support you and your family's overall health and wellness, access to our Wellbeing portal with an extensive range of advice and resources and much much more! We believe that diversity of background and experience strengthens relationships and delivers meaningful benefits to our people, clients and communities. Our goal is to be recognised as an employer of choice for all, irrespective of gender, ethnicity, generation, flexible work status, family circumstances, sexual orientation or disability. Further info can be found on our website.