At a Glance
- Tasks: Lead the strategy and delivery of credit risk platforms in a dynamic banking environment.
- Company: Join one of Japan's largest financial institutions with a global presence.
- Benefits: Competitive day rate, hybrid work model, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on diversity and inclusion.
- Why this job: Shape the future of credit risk management and make a real impact in finance.
- Qualifications: Experience in credit risk, product management, and strong analytical skills required.
The predicted salary is between 59400 - 72600 £ per year.
London/Hybrid Contract to March 2027 Day rate from £600 via Umbrella Company DOE
Our commitment is to provide equal opportunity regardless of, for example, your gender, age, ethnicity, disability, sexual orientation or beliefs. We also engage with employers to develop programmes and pathways that embrace diverse talent and promote more inclusive employment worldwide through partnerships and other initiatives. We recognise and celebrate the value of difference and how it makes us faster, smarter and more innovative than our competition.
My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.
They are looking for an experienced Credit Risk Product Analyst on a contract to the end of March 2027. You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs, being office based 3 days a week, 2 days working from home.
Purpose of Job
The Credit Risk Product Analyst is a senior product leader responsible for shaping the strategy, design, and delivery of platforms supporting the end-to-end credit risk lifecycle across banking and markets businesses. The role partners with Credit Risk, Front Office, Treasury, Finance, and Technology to deliver robust capabilities for underwriting, limit & exposure management, collateral & margining, impairment, capital/RWA, and regulatory reporting-ensuring compliance with Basel/CRR, ECB/SSM, and PRA expectations.
Key Responsibilities
- Strategic Product Leadership
- Own the multi-year product roadmap for Credit Risk platforms (wholesale/retail as applicable), aligning with Risk and business strategy.
- Translate regulatory and business priorities into a clear backlog, investment cases, and target-state architecture in partnership with Technology and Data.
- Lead complex delivery workstreams from discovery to production, driving design, UAT, and rollout across regions and legal entities.
- Mentor AVP/Analyst team members; set standards for requirements, design artefacts, and release governance.
- Credit Risk Domain Expertise & Delivery
- Counterparty & Wholesale Credit: Limits & hierarchy management, exposure calculation (PFE/EPE), SA-CCR/IMM, collateral & CSA terms, margining, wrong-way risk, credit risk mitigation (CRM), credit approvals & workflow.
- Banking Book / Retail / Corporate: Origination & underwriting, credit scoring, PD/LGD/EAD model integration, collateral valuation, early warning indicators (EWIs), watchlist, provisions/impairment, and collections.
- Lifecycle Controls: Obligor/Facility data quality, obligor rating processes, default identification & cure, recovery & workout data capture.
- Partner with quants and risk managers to refine methodologies, parameterization, and exposure logic; validate functional outcomes against policy and model intent.
- Regulatory & Capital Alignment
- Ensure alignment to Basel III/IV and CRR/CRD for credit risk RWA (SA & IRB), CRM eligibility, large exposures, credit concentration, and counterparty credit risk (CCR).
- Translate SA-CCR, IMM/EAD, Default Risk definitions, and IFRS 9 impairment (ECL) into functional/technical requirements and robust controls.
- Support ECB/SSM, PRA, and internal audit engagements: lead remediation plans, evidence packs, and sustainable control enhancements.
- Oversee data and process readiness for ICAAP, stress testing, Pillar 3 disclosures, and regulatory change (e.g., Basel 3.1/"Basel IV").
- Risk Data, Architecture & Controls
- Drive strategic data sourcing and lineage across Client/Obligor, Facility, Collateral, Trade, and Reference Data domains.
- Define golden sources, reconciliation rules (Risk vs Finance vs FO), and control points for exposure, RWA, and ECL calculations.
- Champion standardised data models, metadata, and traceability to support model risk management, auditability, and explainability.
- Lead decommissioning/modernisation efforts, API enablement, and cloud/data-platform adoption where applicable.
- Stakeholder & Governance Engagement
- Act as primary interface between senior Credit Risk leadership, Front Office, Finance, Treasury, Technology, Model Risk, and Data Governance.
- Prepare and deliver materials for risk governance forums, architecture councils, and change boards up to MD-level.
- Run workshops, training, and change-management for major releases; ensure adoption and measurable business outcomes.
Experience and Skills
- Significant experience at a senior level in Credit/Credit Risk, Product Management, or Risk Technology within a regulated bank or markets environment.
- Deep understanding of credit risk frameworks: wholesale/retail underwriting, limits & exposure, collateral/margining, impairment (IFRS 9), CCR (SA-CCR/IMM), and credit RWA (SA/IRB).
- Proven track record delivering complex risk platforms (e.g., Moody's RiskAuthority/RiskFoundation, AxiomSL/Wolters Kluwer for regulatory reporting, nCino/Origination platforms, Murex/Calypso for CCR).
- Strong analytical and documentation skills; ability to convert policy, model, and regulatory requirements into actionable functional/technical designs.
- Excellent stakeholder management and communication skills; comfortable influencing senior leaders and navigating global programmes.
- Agile delivery experience; familiarity with model risk governance and data controls preferred.
Candidates must show evidence of the above in their CV to be considered.
Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you.
Credit Product Risk Analyst in London employer: Adecco
Our client in Worthing is an excellent employer, offering a supportive work culture that values teamwork and individual contributions. With competitive pay and flexible hours, employees enjoy a balanced work-life dynamic while having access to growth opportunities within the manufacturing sector. This role as a Kitting Operative not only provides meaningful work but also allows you to be part of a respected organisation committed to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Product Risk Analyst in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Adecco.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
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Keep your eyes peeled on job boards specifically for finance roles. Companies like Adecco might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Credit Product Risk Analyst in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Adecco will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Adecco. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Adecco confidence in your short-term commitment to the role.
How to prepare for a job interview at Adecco
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Adecco.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Adecco that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
