Senior Credit Risk Modeller

We are seeking an experienced Senior Credit Risk Controller to support a specialist UK lender in the redevelopment of its Credit Risk Rating, Scorecard and ICAAP Stress Testing models.

This is a hands‑on modelling role focused on improving PD, LGD and Expected Loss methodologies across Asset Finance, Commercial Property Finance and other specialist lending portfolios. The successful candidate will play a key role in strengthening model performance, risk sensitivity and regulatory compliance in line with Basel 3.1 and PRA requirements.

Key Responsibilities

• Redevelop and enhance Credit Risk Rating (CRR), Scorecard and Credit Risk models.
• Redevelop ICAAP Stress Testing models used for Pillar 2A and Pillar 2B assessments.
• Improve PD, LGD and Expected Loss methodologies across lending portfolios.
• Build product‑specific risk frameworks reflecting key risk drivers and transaction characteristics.
• Perform model design, build, testing, implementation and documentation.
• Support model governance, validation and regulatory requirements.
• Work closely with Credit, Risk, Finance and Lending stakeholders to ensure models are practical, robust and fit for purpose.

Key Requirements

• Proven experience building or redeveloping Credit Risk Models or Scorecards.
• Strong knowledge of PD, LGD, EAD and Expected Loss modelling.
• Experience developing or enhancing ICAAP and Stress Testing models.
• Understanding of Basel, IRB and PRA regulatory frameworks.
• Experience within Asset Finance, Commercial Lending, Property Finance or specialist banking environments.
• Strong technical skills in Excel, SQL, Python, R or SAS.
• Excellent stakeholder management and communication skills.

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