Technology & Risk Recruitment
Credit Risk Modelling Consultant
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Credit Risk Modelling Consultant
Location: Central London
Salary: £40,000–£70,000
Working Pattern: Office-based, 5 days per week
Experience: ~2–3 years
The Opportunity
We are recruiting for a growing UK consultancy seeking a Credit Risk Modelling Consultant to join its expanding team.
This is a hands-on position for someone with early-career experience across credit risk, quantitative analytics, or data science who is ready to take greater ownership of modelling work.
You'll work directly on projects for UK lenders, building, testing, and validating models across areas including IFRS 9, IRB, scorecards, and model validation.
What You'll Be Doing
- Building, testing, calibrating, and documenting credit risk models
- Working across PD, LGD, EAD, and ECL modelling
- Supporting IFRS 9, IRB, scorecard, and model validation projects
- Preparing and analysing complex lending datasets
- Developing high-quality, reusable analysis in Python
- Querying and reconciling client data using SQL
- Performing back-testing, benchmarking, and model monitoring
- Owning individual workstreams with support from senior colleagues
- Working directly with client analysts and model owners
- Producing clear model documentation and presenting analytical findings
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You'll also have opportunities to gain exposure to data engineering, machine learning, and applied AI alongside core credit risk work.
What We're Looking For
- ~2–3 years' relevant experience within credit risk, analytics, data science, or quantitative research
- Hands-on experience in at least one of IFRS 9, IRB, credit scorecards, or model validation
- Strong quantitative degree in Mathematics, Statistics, Econometrics, Physics, Engineering, Computer Science, Finance, or a related discipline
- Strong practical Python skills
- Working knowledge of SQL
- Strong statistical and quantitative modelling skills
- Ability to independently deliver pieces of analytical/model development work
- Clear written and verbal communication skills
- Genuine interest in lending, credit risk, and financial regulation
- Able to work from the Central London office 5 days per week
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Experience with Git, SAS, R, AWS, Azure, or GCP would be beneficial but isn't essential.
What's on Offer
An opportunity to join a small, growing consultancy where you'll take meaningful ownership early in your career, work directly with clients, and develop across a broad range of credit risk modelling disciplines.
There is a clear progression route towards Senior Consultant and Manager as your technical expertise and client responsibilities develop.
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