Job Description
Senior Credit Risk Analyst
Hertfordshire
£50,000 to 60,000
This is a standout opportunity to take ownership of credit risk models within a growing UK credit function. You will play a key role in bringing model ownership onshore, shaping how models evolve, and influencing the wider risk strategy in a regulated financial services environment. The role offers strong exposure to senior stakeholders and the chance to build out modelling capability from the ground up.
The Company
They are a well established financial services business operating under a banking licence, providing a range of lending and insurance related products. While part of a larger international group, the UK business operates with the autonomy of a smaller organisation, offering both stability and agility. The credit function has been expanding rapidly, with clear investment in risk and modelling capability.
The Role
* Take ownership of credit risk models across PD, LGD and EAD, covering development, monitoring, validation and ongoing enhancements.
* Lead IFRS 9 model redevelopment and transition of ownership to the UK, working closely with international modelling teams.
* Deliver back testing, performance monitoring and parameter calibration to ensure robust provisioning outcomes.
* Contribute to ICAAP modelling and stress testing activity.
* Produce high quality model documentation and support audit and regulatory interactions.
* Support the longer term expansion into behavioural scorecards and other modelling areas.
Your Skills and Experience
* Strong commercial experience in credit risk modelling within a regulated financial services or banking environment.
* Hands on development experience with PD or LGD models is essential.
* Exposure to IFRS 9, stress testing or capital modelling.
* Strong statistical background with a STEM degree or equivalent quantitative training.
* Advanced SAS capability, with working knowledge of Python or similar tools.
* Confident communicator able to explain technical concepts to non technical stakeholders.
What They Offer
* Salary between 50,000 and 60,000 depending on experience.
* Hybrid working with a preference for two days per week in the office, with flexibility if needed.
* Clear scope to broaden your modelling exposure over time, including scorecards and other model types.
* The chance to influence and shape a growing credit risk function.
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