Quantitative Model Developer – IRB/Credit Risk Models

2 weeks ago

London, United Kingdom N Consulting Global Full time

Location: [London]

Job Type: [Contract]

Job Summary:

We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in quantitative modeling, programming, and financial risk analysis to support credit risk measurement and reporting processes.

Key Responsibilities:

Model Development and Enhancement

  • Design and develop IRB and credit risk models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models, in line with regulatory frameworks (e.g., Basel III).
  • Perform data analysis, feature selection, and statistical modeling to enhance the predictive power and stability of risk models.
  • Implement advanced statistical and machine learning techniques to improve model performance.

Validation and Testing

  • Conduct backtesting, sensitivity analysis, and benchmarking to assess model accuracy and robustness.
  • Document model development processes, assumptions, limitations, and validation results comprehensively for regulatory audits.

Regulatory Compliance

  • Ensure models meet regulatory requirements such as PRA, ECB, or Basel standards.
  • Prepare documentation and presentations for internal governance committees and regulatory submissions.

Collaboration and Stakeholder Engagement

  • Work closely with risk management, finance, and technology teams to integrate models into production systems.
  • Partner with internal and external auditors during model reviews and stress testing exercises.

Research and Innovation

  • Stay updated on emerging trends in risk modeling, machine learning, and regulatory changes.
  • Drive innovation in modeling techniques and methodologies to enhance risk measurement frameworks.

Qualifications and Skills:

Educational Background

  • Master’s or Ph.D. in Quantitative Finance, Statistics, Mathematics, Computer Science, Economics, or a related field.

Technical Expertise

  • Proven experience in developing and validating IRB models or other credit risk models.
  • Strong programming skills in Python, R, SAS, MATLAB, or similar statistical tools.
  • Proficiency in handling large datasets using SQL, Hadoop, or other data engineering platforms.
  • Knowledge of machine learning frameworks (e.g., TensorFlow, Scikit-learn) is a plus.

Regulatory Knowledge

  • Solid understanding of Basel frameworks, particularly IRB approaches and credit risk regulations.
  • Experience in preparing regulatory submissions and managing regulatory reviews.

Analytical and Problem-Solving Skills

  • Expertise in statistical modeling techniques, including logistic regression, Monte Carlo simulations, and Bayesian methods.
  • Strong analytical mindset with the ability to handle complex problem-solving under tight deadlines.

Soft Skills

  • Excellent communication skills for presenting technical concepts to non-technical stakeholders.
  • Strong organizational skills and the ability to manage multiple projects simultaneously.

Preferred Experience:

  • Experience working in a financial institution or consulting firm.
  • Exposure to model risk management frameworks and best practices.
  • Familiarity with cloud-based platforms for model development and deployment.

  • Irb Credit Risk Modeler

    6 months ago

    London, United Kingdom Talent Solution TAPFIN Full time

    Title: IRB credit risk modelerLocation: London (remote/hybrid)Duration: 6 months (scope to extend)Rate: FlexibleSummary:This vacancy will be responsible for IRB credit risk model development within continental Europe. The vacancy holder needs to have a good understanding of modelling, IRB regulation, products, risk data flows from customer and product...

  • Quantitative Model Developer – IRB/Credit Risk Models

    3 weeks ago

    London, United Kingdom N Consulting Ltd Full time

    Location: [London]Job Type: [Contract] Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer

    4 days ago

    London, United Kingdom N Consulting Limited Full time

    Location: [London] Job Type: [Contract] Job Summary: We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer – IRB/Credit Risk Models

    2 days ago

    London, United Kingdom N Consulting Limited Full time

    Location: [London]Job Type: [Contract]Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer

    2 weeks ago

    London, United Kingdom N Consulting Global Full time

    Job Description Location: (London) Job Type: (Contract) Job Summary: We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will...

  • Quantitative Model Developer – IRB/Credit Risk Models

    2 weeks ago

    London,, UK, United Kingdom N Consulting Global Full time

    Location: [London]Job Type: [Contract] Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer – IRB/Credit Risk Models

    2 weeks ago

    London, United Kingdom N Consulting Global Full time

    Location: [London]Job Type: [Contract] Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer – IRB/Credit Risk Models

    2 weeks ago

    London Area, United Kingdom N Consulting Global Full time

    Location: [London]Job Type: [Contract] Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • Quantitative Model Developer – IRB/Credit Risk Models

    2 weeks ago

    London Area, United Kingdom N Consulting Global Full time

    Location: [London]Job Type: [Contract] Job Summary:We are seeking a highly skilled Quantitative Model Developer to join our risk management team. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in...

  • IRB Credit Modeller

    3 months ago

    London, United Kingdom Investec Full time

    Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit...

  • Credit Risk Modelling Lead

    3 weeks ago

    London, United Kingdom AI Connect Full time €600 - €750

    IRB Credit Risk Modelling Lead – London £600 - £750 Per Day - Outside IR35 AI Connect are partnering with a leading retail bank to appoint an IRB Credit Risk Modelling specialist to lead their fund model redevelopment within wholesale. You’ll be integral in the design, development and maintenance of effective and compliant IRB decision support models...

  • Credit Risk Modelling Lead

    4 weeks ago

    London, United Kingdom AI Connect Full time

    IRB Credit Risk Modelling Lead – London £600 - £750 Per Day - Outside IR35 AI Connect are partnering with a leading retail bank to appoint an IRB Credit Risk Modelling specialist to lead their fund model redevelopment within wholesale. You’ll be integral in the design, development and maintenance of effective and compliant IRB decision support...

  • Credit Risk Modelling Lead

    4 weeks ago

    London, United Kingdom AI Connect Full time

    IRB Credit Risk Modelling Lead – London £600 - £750 Per Day - Outside IR35 AI Connect are partnering with a leading retail bank to appoint an IRB Credit Risk Modelling specialist to lead their fund model redevelopment within wholesale. You’ll be integral in the design, development and maintenance of effective and compliant IRB decision support models...

  • Quantitative Risk Model Analyst

    2 weeks ago

    London Area, United Kingdom N Consulting Global Full time

    Job SummaryWe are seeking a highly skilled Quantitative Risk Model Analyst to join our risk management team at N Consulting Ltd. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in quantitative modeling,...

  • Credit Risk Modelling Lead

    4 weeks ago

    London Area, United Kingdom AI Connect Full time

    IRB Credit Risk Modelling Lead – London £600 - £750 Per Day - Outside IR35 AI Connect are partnering with a leading retail bank to appoint an IRB Credit Risk Modelling specialist to lead their fund model redevelopment within wholesale. You’ll be integral in the design, development and maintenance of effective and compliant IRB decision support models...

  • Credit Risk Modelling Lead

    4 weeks ago

    London Area, United Kingdom AI Connect Full time

    IRB Credit Risk Modelling Lead – London £600 - £750 Per Day - Outside IR35 AI Connect are partnering with a leading retail bank to appoint an IRB Credit Risk Modelling specialist to lead their fund model redevelopment within wholesale. You’ll be integral in the design, development and maintenance of effective and compliant IRB decision support models...

  • Wholesale Credit Risk Model Developer

    4 weeks ago

    london (city of london), United Kingdom Essential Consulting Full time

    We are currently looking to onboard a Wholesale Credit Risk Model Developer on a contract basis for a large UK bank. Target start date is first week of January and the initial engagement will be a 1 year contract throughout all of 2025, with potential for extension.This role can be primarily remote therefore we can consider individuals located anywhere in...

  • IRB Credit Modelling Specialist Role

    3 weeks ago

    London, Greater London, United Kingdom Investec Full time

    About InvestecInvestec is a leading specialist bank serving clients in the UK and South Africa. Our unique culture sets us apart, fostering an environment where talented individuals can thrive. We prioritize internal mobility, flat structures, and collaboration to drive success.Job DescriptionWe are seeking a skilled IRB Credit Modelling Specialist to join...

  • IRB Model Building Professionals

    2 weeks ago

    London, Greater London, United Kingdom Datatech Full time

    Datatech is seeking a talented IRB Model Building Professional to join our team. As a Wholesale IRB Credit Risk Consultant, Manager or Senior Manager, you will be responsible for developing and implementing credit risk models in the wholesale sector. This is an exciting opportunity to work with leading financial institutions around the globe, where we are...

  • IRB Model Validation

    5 days ago

    London,, UK, United Kingdom The FISER Group Full time

    My client, a leading Tier One Global Bank are looking for an Associate level IRB model validation specialist. You'll be working alongside industry experts in model risk management, with opportunities for growth and continuous learning. There will be the opportunity to take on high-profile responsibilities, including the evaluation of cutting-edge...