IRB Credit Risk Modeler – Wholesale & Mortgage Modeling …, Mumbai

We are hiring experienced Credit Risk Modelers with strong expertise in IRB model development and UK/European regulatory frameworks to support critical global banking initiatives. We are looking for hands-on experience in developing IRB models across wholesale or mortgage portfolios under UK PRA and/or ECB regulations. The role requires robust quantitative capability, regulatory understanding and exposure to PD, LGD and EAD model development. Some of the key responsibilities will include:
- Develop and enhance IRB credit risk models including PD, LGD and EAD.
- Perform model calibration, backtesting and performance analysis.
- Support end-to-end model lifecycle management including governance and documentation.
- Collaborate with Risk, Credit and Business stakeholders on model implementation and regulatory compliance.
- Support Basel and IRB regulatory initiatives aligned to PRA/ECB expectations. To be eligible for this role you will require:
- Minimum 5 years of experience working under UK PRA and/or European ECB regulations.
- Direct IRB model development experience is mandatory.
- Candidates with only governance, monitoring or validation experience will not be considered.
- Mortgage modeling candidates must have UK PRA exposure.
- Strong analytical and quantitative skills.
- Python/SQL knowledge is advantageous but not mandatory. Please email your cv directly in word format to Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 7 business days, we regret to inform you that your application for this position was unsuccessful. Apply on Kit Job: kitjob.in/job/4n9ty0