At a Glance
- Tasks: Revamp Credit Risk models and enhance methodologies for specialist lending portfolios.
- Company: Join a leading UK lender focused on innovative financial solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on career development and innovation.
- Why this job: Make a real impact on risk management and regulatory compliance in finance.
- Qualifications: Experience in Credit Risk modelling and strong technical skills in relevant software.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking an experienced Senior Credit Risk Controller to support a specialist UK lender in the redevelopment of its Credit Risk Rating, Scorecard and ICAAP Stress Testing models. This is a hands‑on modelling role focused on improving PD, LGD and Expected Loss methodologies across Asset Finance, Commercial Property Finance and other specialist lending portfolios. The successful candidate will play a key role in strengthening model performance, risk sensitivity and regulatory compliance in line with Basel 3.1 and PRA requirements.
Key Responsibilities
- Redevelop and enhance Credit Risk Rating (CRR), Scorecard and Credit Risk models.
- Redevelop ICAAP Stress Testing models used for Pillar 2A and Pillar 2B assessments.
- Improve PD, LGD and Expected Loss methodologies across lending portfolios.
- Build product‑specific risk frameworks reflecting key risk drivers and transaction characteristics.
- Perform model design, build, testing, implementation and documentation.
- Support model governance, validation and regulatory requirements.
- Work closely with Credit, Risk, Finance and Lending stakeholders to ensure models are practical, robust and fit for purpose.
Key Requirements
- Proven experience building or redeveloping Credit Risk Models or Scorecards.
- Strong knowledge of PD, LGD, EAD and Expected Loss modelling.
- Experience developing or enhancing ICAAP and Stress Testing models.
- Understanding of Basel, IRB and PRA regulatory frameworks.
- Experience within Asset Finance, Commercial Lending, Property Finance or specialist banking environments.
- Strong technical skills in Excel, SQL, Python, R or SAS.
- Excellent stakeholder management and communication skills.
Senior Credit Risk Modeller employer: Harnham Search & Selection
Join a leading UK lender that prioritises innovation and excellence in the financial sector. As a Senior Credit Risk Modeller, you will thrive in a collaborative work culture that values your expertise and encourages professional growth through continuous learning and development opportunities. Located in a vibrant city, our company offers competitive benefits and a supportive environment where your contributions directly impact our success and compliance with regulatory standards.
Contact Details:
Harnham Search & Selection Recruitment Team
