Manager – IRB Model Development

We are looking for an experienced Quantitative Risk Manager to join a specialist Credit Risk Modelling team and take a leading role in the development, implementation and oversight of Internal Ratings Based (IRB) models.

This role offers broad exposure across Retail and Corporate, combining deep technical modelling work with senior stakeholder engagement and regulatory-facing deliverables.

You will be responsible for the end-to-end lifecycle of IRB models, from design and calibration through to governance, documentation and ongoing performance monitoring. This includes:

• Developing and maintaining PD, LGD, scorecard, slotting and stress testing models
• Delivering annual model reviews, recalibrations and ad-hoc testing
• Defining data requirements for LGD modelling and assessing data quality and availability against regulatory and internal standards
• Working closely with collections, recoveries and collateral teams to resolve data gaps
• Producing high-quality model documentation, reports and regulatory artefacts, including annual IRB self‑assessments and remediation plans
• Presenting complex methodologies and results to senior management committees
• Providing training and technical guidance on modelling approaches
• Supporting and mentoring junior colleagues within the team
• Operating in line with the organisation’s risk management framework and governance standards

You’ll bring strong technical expertise alongside the ability to communicate clearly and confidently with non‑technical stakeholders.

Key experience and skills include:

• Background in credit risk modelling within financial services
• Practical experience with IRB models (Retail and/or Corporate)
• Sound knowledge of IRB regulatory requirements (CRR, EBA, PRA)
• Strong quantitative skills, including statistical modelling and validation
• Hands‑on use of SAS, SQL and/or R
• High attention to detail and a strong focus dưới quality
• A proactive, collaborative and well‑organised working style

This is a chance to work on material, high‑profile regulatory models, influence key credit risk decisions, and develop your expertise in a technically strong and supportive environment with regular exposure to senior stakeholders.

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