At a Glance
- Tasks: Lead the development of mortgage credit risk models and ensure compliance with regulations.
- Company: Join EXL, a global leader in data and AI solutions.
- Benefits: Hybrid working, professional development, and a supportive team environment.
- Other info: Collaborate with experts and grow your career in a high-performing team.
- Why this job: Make a real impact in credit risk modelling within a dynamic industry.
- Qualifications: 12 years in credit risk modelling and strong coding skills in SQL/Python.
The predicted salary is between 49500 - 60500 £ per year.
EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 60,000 employees spanning six continents.
We are seeking an experienced Senior IRB Credit Modeller to lead the development, enhancement and governance of mortgage credit risk models. The role is responsible for developing and refining IRB risk parameters (PD, LGD and EAD), overseeing model lifecycle management, and ensuring compliance with UK PRA Basel 3.1 requirements. The successful candidate will partner closely with Credit, Business and Risk stakeholders to ensure robust model performance and effective implementation within credit risk framework.
As part of your duties, you will be responsible for:
- Develop and refine IRB credit risk parameters (PD, LGD and EAD) across mortgage portfolios.
- Collaborate with colleagues in the development of retail and non-retail credit risk models.
- Oversee the full model lifecycle including scoping, data review, stakeholder engagement, documentation and governance approvals.
- Conduct annual model reviews, calibrations, back-testing and performance analysis.
- Identify and remediate model deficiencies and performance issues.
- Research, design and implement best-practice credit risk methodologies aligned to PRA Basel 3.1 standards.
- Partner with Credit, Business and support functions to drive understanding and adoption of models.
- Produce high-quality documentation and governance materials.
Qualifications and experience we consider to be essential for the role:
- Bachelor’s or Master’s degree in a highly quantitative discipline such as Mathematics, Statistics or Economics.
- Approximately 12 years of relevant experience in credit risk modelling.
- Significant experience estimating IRB parameters for mortgage portfolios under PRA regulations (preferred) or EBA frameworks.
- Experience leading projects or workstreams within a credit risk modelling environment.
- Strong coding capability in SQL and/or Python, or willingness to develop these skills.
- Strong understanding of IRB regulatory requirements and model governance.
Skills and personal attributes we would like to have:
- Exceptional analytical and problem-solving abilities.
- Ability to interpret complex datasets and present findings clearly to diverse audiences.
- Strong verbal and written communication skills.
- High-quality documentation and stakeholder management capability.
- Ability to work independently and collaboratively within a team environment.
- Continuous learning mindset and adaptability to new challenges.
As part of a leading global Data and AI company, you can look forward to:
- Working within a highly regarded specialist banking and wealth management organisation.
- Exposure to complex mortgage modelling and credit risk initiatives.
- Opportunities for professional development and continuous learning.
- Collaboration with experienced risk, credit and business stakeholders.
- A supportive and high-performing team environment.
To be considered for this role, you must already be eligible to work in the relevant location.
Senior IRB Credit Modeller (UK Mortgages) in London employer: EXL
EXL is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to thrive in a fast-paced fintech environment. With a strong focus on professional development, team collaboration, and innovative problem-solving, employees are empowered to grow their skills while contributing to meaningful projects in regulatory reporting and compliance. The remote working flexibility allows for a balanced lifestyle, making EXL an attractive choice for those seeking rewarding career opportunities in the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Senior IRB Credit Modeller (UK Mortgages) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like EXL. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior IRB Credit Modeller (UK Mortgages) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to EXL.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on EXL's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at EXL
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with EXL.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at EXL will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former EXL employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
