At a Glance
- Tasks: Design and develop innovative credit risk models for banks and financial institutions.
- Company: Join a cutting-edge consultancy founded by industry experts in risk management.
- Benefits: Competitive salary, equity options, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and strategic influence.
- Why this job: Shape the future of finance while working on impactful projects in a dynamic environment.
- Qualifications: 3-8 years in quantitative risk modelling; proficiency in Python and SAS required.
The predicted salary is between 36000 - 60000 £ per year.
Moorgate, City of London, EC1
The Company
A specialised risk management and credit modelling consultancy dedicated to helping banks and financial institutions turn regulatory and data challenges into strategic advantages. Founded in 2024 by industry-seasoned professionals with credit risk and banking backgrounds, the company draws on practical, hands-on experience across both retail and wholesale banking contexts.
Gini is looking to hire Model Developers, these newly created roles provide the opportunity to help shape the company's future. As the company continues to grow, there will almost certainly be opportunities to influence strategic direction, build out new service lines, and grow with the company. For someone entrepreneurial and motivated, this is a truly exciting career opportunity.
The Role
Model Developers, Credit Risk Retail & Wholesale Portfolios. Opportunities are available across multiple levels with a primary focus on Retail IRB model development.
Key Responsibilities
- Design, develop, and implement Retail and/or Wholesale/Commercial IRB models (PD, LGD, EAD) and IFRS 9 models in line with regulatory requirements.
- Perform end-to-end model documentation, statistical analysis, model performance monitoring, and back-testing.
- Ensure models meet internal governance standards, supervisory guidelines, and regulatory frameworks.
- Collaborate with data, analytics, and business teams to source data, improve model quality, and streamline model lifecycle processes.
The Candidate
Required Experience & Skills
- 3-8 years experience in quantitative risk modelling, analytics, and/or decision science gained within a bank, consultancy, or regulatory environment.
- Strong track record in developing and delivering IRB or IFRS 9 models within Retail or Wholesale/Commercial credit portfolios.
- Proficiency in statistical and programming tools including Python and SAS.
- Solid understanding of regulatory requirements (PRA, CRR/CRD, ECB etc).
- Strong quantitative academic background (e.g., Statistics, Mathematics, Economics, Engineering, Finance).
- Outstanding verbal communication skills with the confidence and ability to explain complex modelling concepts and engage stakeholders.
- Strong analytical, problem-solving, and documentation skills.
- Adaptable and collaborative with a demonstrable passion for data and analytics.
Renumeration
Competitive compensation aligned to experience level. Equity.
Model Developers in London employer: Adway Associates
Gini is an exceptional employer located in the heart of the City of London, offering Model Developers a unique opportunity to shape the future of a rapidly growing consultancy. With a strong focus on employee growth and collaboration, Gini fosters a dynamic work culture that encourages innovation and strategic thinking, while providing competitive compensation and equity options. Join a team of industry experts where your contributions will directly influence the company's direction and success.
StudySmarter Expert Advice🤫
We think this is how you could land Model Developers in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend meetups, webinars, or even casual coffee chats. The more you engage with professionals in risk management and credit modelling, the better your chances of landing that dream role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences with developing IRB models or using Python and SAS. Let them see your passion for data and analytics – it could make all the difference!
✨Tailor Your Approach
Every company is unique, so do your homework! Understand Gini’s mission and values, and tailor your conversations to show how your skills align with their goals. This will help you stand out as a candidate who truly gets what they’re about.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to reach out directly – it shows you’re serious about joining our team!
We think you need these skills to ace Model Developers in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Model Developer role. Highlight your experience in quantitative risk modelling and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this opportunity at Gini and how your background makes you a perfect fit. We love seeing enthusiasm and a bit of personality!
Showcase Your Technical Skills:Don’t forget to mention your proficiency in tools like Python and SAS. If you’ve developed IRB or IFRS 9 models, make sure to include that too. We’re keen on candidates who can hit the ground running with their technical expertise!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to hear from you!
How to prepare for a job interview at Adway Associates
✨Know Your Models Inside Out
Make sure you’re well-versed in the specifics of Retail and Wholesale IRB models. Brush up on your knowledge of PD, LGD, EAD, and IFRS 9 models. Being able to discuss these concepts confidently will show that you’re not just familiar with the theory but can apply it practically.
✨Showcase Your Technical Skills
Be prepared to demonstrate your proficiency in Python and SAS during the interview. You might be asked to solve a problem or explain how you've used these tools in past projects. Bring examples of your work or even a portfolio if possible!
✨Understand Regulatory Frameworks
Familiarise yourself with the key regulatory requirements like PRA, CRR/CRD, and ECB. Be ready to discuss how these regulations impact model development and governance. This will highlight your understanding of the industry and your ability to navigate its complexities.
✨Communicate Clearly and Confidently
Since the role involves engaging with stakeholders, practice explaining complex modelling concepts in simple terms. Good communication skills are crucial, so think about how you can convey your ideas clearly and effectively during the interview.
