FRM : Credit & Market Risk - Junior Consultant 2026

KPMG is currently recruiting for the 2026 Graduate Programme within the FRM : Credit & Market Risk teams.

About the Division : Financial Risk Management (FRM) assists clients in defining, supporting, and implementing risk strategies, actuarial and risk analytics, while ensuring compliance with all relevant regulatory requirements. Our service lines include Credit and Capital Risk, Actuarial Services, and Market / Treasury Risk. Our teams work closely with clients to foster a culture of continuous improvement in meeting regulatory obligations and implementing effective risk management programs and solutions.

Join Our 2026 Graduate Program : KPMG is currently recruiting for the 2026 Graduate Program within the FRM (Credit and Market Risk) Teams.

About Us : Our FRM team is committed to enhancing clients' credit risk and market risk management capabilities and developing robust capital management strategies. In the credit and capital risk domain, we specialise in credit risk model review and development for impairment (IFRS 9) and capital modelling (Basel). Our expertise also extends to capital and balance sheet management, including ICAAP, Risk Appetite, and Economic Capital modelling. Additionally, we provide support in credit policy reviews, audit support, and other strategic engagements aimed at optimising credit risk management frameworks. In the market risk domain, we concentrate on the valuation of complex financial instruments (IFRS 13) and liability calculations for BEE schemes and employee incentive schemes under IFRS 2. Our team possesses in-depth knowledge of market risk matrices and stays current with the latest SARB regulations to deliver models that meet our clients' expectations (VaR, IRRBB, PVA, etc.). We leverage advanced trading and risk software, with coding being a key aspect of our work to ensure precision and reliability in our results.

What We Offer

1. Exceptional Learning Experiences: Engaging in advisory services means that no two projects or clients are the same, offering you continual challenges and the chance to expand your professional network.
2. Promising Career Development: You'll find exciting opportunities for career advancement, with competitive compensation and the chance to work alongside industry leaders. Explore unconventional fields and participate in pioneering projects.
3. Comprehensive Risk Management Exposure: Gain extensive experience across various risk-related areas, allowing you to develop and refine a wide range of risk management skills.
4. Robust Professional Support: Work within a large team of experts dedicated to supporting both your business and professional growth, and providing ample project resources.
5. Global Opportunities: The extensive KPMG network offers travel opportunities and access to international best practices.
6. Supportive Study Policies: We offer competitive support for further education and study leave.

You will be involved in :

Credit Risk

• Supporting with credit risk model review and development for impairment (IFRS 9) and capital modelling (Basel) purposes.
• Supporting with other credit strategic engagements to assist clients with enhancing their credit risk management capabilities.
• Potential involvement with capital management and balance sheet management engagements, including ICAAP, Risk Appetite, Economic Capital modelling, etc.
• Supporting with valuations of financial instruments ranging from bonds to Asian options.
• Supporting with Monte Carlo simulations for the valuations of BEE scheme and Long-Term Incentive Plans.
• Review of market risk models and implementation of latest regulatory models.
• Engaging with vast client-base within the financial services industry, including banks, development finance institutions, micro-lenders and retailers as well as most of the JSE Top 40 ranging from mining to utilities and telecom.
• Potential travel opportunities, including destination within Rest of Africa, Europe and the Middle-East.