Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Cast a wider net, increase trustworthy credentials

KPMG helped a major commercial bank pioneer a scalable talent-resourcing approach to expand its quantitative modeling team.

Client

A major U.S. commercial bank

Sector

Financial services

Project

Quantitative modeling global talent resource approach

Client challenge

For some leading companies, professional credentials are table stakes in their race for the best talent. The Risk organization of a major U.S. bank wanted to expand its quantitative modeling team, and new thinking was required. The exponential increase in the quantity, accessibility, and use of data had brought with it enormous competition for professionals in data-intensive roles. Drawing upon a culture of innovation, the bank’s Risk team sought to expand its talent search globally. They set out exceptionally high standards, meaning “hard skills” were just the recruiting baseline; the Risk organization also wanted “soft skills” that would engender daily coordination between teams, based on that elusive something called collegial “trust.”

KPMG proposed a mix of onshore and offshore talent to support our client’s quantitative modeling team provided by its KPMG Global Services (KGS) subsidiary and KPMG U.S.-based managers. Today, the bank’s Risk group is supported on mission-critical functions such as model validation and development. With the help of KPMG, this bank has pioneered a scalable talent-resourcing approach that positions it for continued competitive advantage.

We helped this client envision and implement a purpose-built approach that leverages continuous investment in leading business processes, agile technology, and specialized talent.

Approach

KPMG helped design and implement a talent resourcing approach, delivered though KGS, which combines advanced human capital management with data security protocols.

1

Designed a hybrid offshore/onshore talent model that offers the bank access to both India-based professionals and U.S.-based senior managers.

2

Secured all required approvals from the bank’s own U.S. procurement and third-party risk management professionals.

    3

    Established a secured clean room to manage the transfer and handling of mission-critical data between onshore and offshore teams, leveraging offshore clean-room experience with other large U.S. and global banks.

    4

    Established talent acquisition criteria for both “hard skills”—degrees earned, risk modeling competencies demonstrated, and domain knowledge mastered—and “soft skills” such as agility, collaboration style, and cultural fit.

      5

      Used the 25-year footprint and reputation of KGS in India (e.g., multiyear ranking in “LinkedIn Top Companies: Where India Wants to Work Now”) to access specialized talent pools; co-screened an average of 20 applicants per available position to build the team.

      6

      To support KGS team retention, designed roles with clear career paths and professional development opportunities.

      Benefits to client

      KPMG has successfully pioneered a talent resourcing approach that supports our client’s current and projected needs, establishing board-endorsed precedents for potential adoption by other areas of the bank. Specific benefits include:

      1

      Talent recruitment and retention strategies implemented to expand the quantitative modeling team with high-caliber onshore and offshore talent.

      2

      Offshore clean room operations established to secure bank data, compliant with the bank’s U.S. procurement and third-party risk management requirements.

        3

        Enabled access to KPMG financial services and risk specialists for areas such as AML, Dodd-Frank, CECL, and LIBOR.

        4

        Surge capacity in place, to respond to both seasonal demand as well as unplanned events such as Federal Reserve requests for additional stress testing in light of COVID-19.

        KPMG insights

        • Industry leaders value “next generation” global resource strategies

          As the bank’s Risk organization considered global talent-resourcing options, it aimed to go beyond pure cost considerations. KPMG helped envision and implement a purpose-built approach that leverages continuous investment in leading business processes, agile technology, and specialized talent, so the bank achieved day-one business impact.

        • For mission-critical functions in leading organizations, behavior and culture matter

          KPMG and our client forged an understanding of the sometimes subtle operational dimensions of the bank’s own behavior and culture, and worked to mirror them in the KGS team.

        • Domain knowledge counts

          KPMG provides granular experience in every stage of the quantitative modeling development cycle, including validation, ongoing monitoring, and documentation. KPMG offers extensive experience with and relevant domain knowledge in regulatory matters such as AML, Dodd-Frank, CECL, and LIBOR.

        • In data-intensive sectors, established data-security experience is critical

          The handling of proprietary data and modeling insights were top priorities for the bank’s Risk organization in designing and implementing a global solution. KPMG leveraged the KGS team’s experience in building mature offshore clean rooms for other large U.S. and global banks to meet this client’s security requirements.

        Meet our team

        Image of Anthony Sepci
        Anthony Sepci
        Partner, Advisory, Modeling and Valuation, KPMG US
        Image of Sanjeev Mankotia
        Sanjeev Mankotia
        Managing Director, Risk Analytics, KPMG US

        Explore more

        Thank you!

        Thank you for contacting KPMG. We will respond to you as soon as possible.

        Contact KPMG

        Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

        By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

        An error occurred. Please contact customer support.

        Job seekers

        Visit our careers section or search our jobs database.

        Submit RFP

        Use the RFP submission form to detail the services KPMG can help assist you with.

        Office locations

        International hotline

        You can confidentially report concerns to the KPMG International hotline

        Press contacts

        Do you need to speak with our Press Office? Here's how to get in touch.

        Headline