Full job descriptionSenior Credit Risk Modeller
6 Months
London - Mostly 3 days per week
Inside IR35
£500-550 per day
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.