At a Glance
- Tasks: Revamp Credit Risk models and enhance methodologies for various lending portfolios.
- Company: Specialist UK lender focused on innovative financial solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on regulatory compliance and model performance.
- Why this job: Make a real impact on credit risk management in a dynamic financial environment.
- 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 in London employer: Harnham
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 area, our company offers competitive benefits and a supportive environment where your contributions directly impact our success and compliance with regulatory standards.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Credit Risk Modeller in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Harnham looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Credit Risk Modeller in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Harnham. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Harnham
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Harnham’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
