Retail Credit Risk Modeller
IRB / IFRS9 (Jan 2027)
Location:
London(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 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.
