At a Glance
- Tasks: Support credit risk modelling and enhance existing default engines using Python and SAS.
- Company: Major UK banking client with a focus on regulatory-driven projects.
- Benefits: Competitive contract rate, potential for extension, and flexible working arrangements.
- Other info: Exciting opportunity starting January 2027 with excellent career growth potential.
- Why this job: Join a dynamic team and make a real impact in the banking sector.
- Qualifications: Experience in retail credit risk modelling and strong analytical skills required.
The predicted salary is between 49500 - 60500 £ per year.
Retail Credit Risk Modeller – IRB / IFRS9 (Jan 2027)
Location:
Manchester (up to 3 days on-site, TBD) IR35 Status:
Outside IR35 Rate:
Competitive Contract length: Initial 6 month contract with strong potential for extension Project start date:
Jan 2027 Essential Consulting is currently supporting a major banking client seeking an experienced
Retail Credit Risk Modeller
to support a major UK banking client on a regulatory-driven credit risk modelling programme.
The engagement will focus on the
remediation of an existing default engine to enable the development of consolidated IRB models .
Working within the Retail Model Development function, you will play a key role in delivering the required remediation and subsequent model development within a demanding regulatory timeline.
Key
Responsibilities:
Support the remediation and enhancement of an existing retail credit risk default engine.
Undertake IRB model development, with exposure to IFRS9 modelling also highly relevant.
Analyse and interpret existing SAS-based models, code and data processes.
Support the development of new modelling and analytical capabilities using Python.
Perform detailed data analysis, model development, testing and documentation.
Work closely with Credit Risk, Model Validation, Data and Technology stakeholders.
Ensure modelling outputs are delivered to the required regulatory and governance standards.
Key
Requirements: Strong Retail Credit Risk / Credit Analytics background within banking.
Hands-on IRB/IFRS9 model development experience.
Strong analytical and data skills with experience working with large and complex datasets.
Strong SAS expertise, particularly the ability to understand and work with existing SAS models/code.
Strong Python modelling and analytical capability; candidates with strong experience across both SAS and Python are particularly desirable.
Understanding of credit risk model governance and the interaction between Model Development and Model Validation.
Ability to deliver effectively within tight regulatory timelines.
Important notice:
Please note, this engagement is expected to commence in
January 2027 .
We are engaging with suitable candidates ahead of the start date due to the specialist nature of the requirement and anticipated onboarding timelines.
TPBN1_UKTJ
Retail Credit Risk Modeller – IRB / IFRS9 in Bolton employer: Essential Consulting
Join a leading UK financial services organisation that champions innovation and technical excellence, offering a flexible hybrid working environment across the UK. As a Technical Development Lead, you'll thrive in a culture that values hands-on leadership, continuous learning, and collaboration, with ample opportunities for professional growth and the chance to work on cutting-edge AWS technologies. Enjoy competitive daily rates and the potential for contract extension while being part of a transformative technology programme that encourages creativity and challenges the status quo.
StudySmarter Expert Advice🤫
We think this is how you could land Retail Credit Risk Modeller – IRB / IFRS9 in Bolton
✨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 Essential Consulting.
✨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.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Essential Consulting 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 Retail Credit Risk Modeller – IRB / IFRS9 in Bolton
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 Essential Consulting 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 Essential Consulting. 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 Essential Consulting confidence in your short-term commitment to the role.
How to prepare for a job interview at Essential Consulting
✨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 Essential Consulting.
✨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 Essential Consulting 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.
