IRB Credit Risk Modeler - Mortgage

Job Description :

We are hiring experienced Credit Risk Modelers with strong expertise in IRB model development and UK/European regulatory frameworks to support critical global banking initiatives.

We are looking for hands-on experience in developing IRB models across wholesale or mortgage portfolios under UK PRA and/or ECB regulations. The role requires strong quantitative capability, regulatory understanding and exposure to PD, LGD and EAD model development.

Key Responsibilities :

- Develop and enhance IRB credit risk models including PD, LGD and EAD.

- Perform model calibration, backtesting and performance analysis.

- Support end-to-end model lifecycle management including governance and documentation.

- Collaborate with Risk, Credit and Business stakeholders on model implementation and regulatory compliance.

- Support Basel and IRB regulatory initiatives aligned to PRA/ECB expectations.

Eligibility Requirements :

- Minimum 5 years of experience working under UK PRA and/or European ECB regulations.

- Direct IRB model development experience is mandatory.

- Candidates with only governance, monitoring or validation experience will not be considered.

- Mortgage modeling candidates must have UK PRA exposure.

- Strong analytical and quantitative skills.

- Python/SQL knowledge is advantageous but not mandatory.