Functional Analyst Credit Risk Modelling

KBC Bank & Verzekering; Vlaanderen; On-site; EUR 65,000 - 90,000; Full time

Job summary

KBC Bank & Verzekering is seeking a Functional Analyst for Credit Risk Modelling to ensure high-quality data and robust data processes across modelling, validation, and IT teams. You will translate needs into functional designs and help improve data quality, monitoring, and validation workflows within an international environment.

You will join colleagues across Belgium, Prague, and Sofia, contributing to a regulated data-centric function.

Qualifications

• Master's degree in a quantitative field.
• At least two years of experience in the financial sector and familiarity with credit risk concepts (PD, EAD, LGD).
• Experience as a Functional Analyst, Business Analyst, Data Analyst, or similar role.
• Experience with complex data structures and data flows.
• Able to translate complex requirements into pragmatic and sustainable solutions.
• Clear communication with business, modelling, and IT teams.
• Fluent in English.

Responsibilities

• Be the main contact for modelling and validation teams regarding data requirements, questions, and incidents.
• Translate business and modelling requirements into clear functional designs for implementation teams.
• Contribute to the development of the credit risk modelling database and its data delivery processes.
• Coordinate new functionalities with data engineers and analysts to ensure quality of delivered solutions.
• Perform impact analyses for new developments and process changes.
• Help design and implement data quality controls, monitoring solutions, and automated validation processes.
• Investigate complex data issues and contribute to structural solutions across source systems and processes.
• Automate model monitoring and annual validation where possible.
• Develop a thorough understanding of KBC’s credit processes, IT applications, and data flows to build sustainable solutions.

Skills

Credit risk concepts (PD, EAD, LGD)

Functional Analyst / Business Analyst/

Translate complex requirements intoprg

Clear communication with business, Mod

Structured, ownership, quality focus

English fluency

Education

Master's degree in Economics, Science, Mathematics, Engineering, or another quantitative field

Tools

Python

SQL

Jira

Confluence

Job description

What does this job entail? As a Functional Analyst Credit Risk Modelling, you ensure that teams developing, validating, and monitoring credit risk models can rely on high-quality data and well-designed data processes. You work at the intersection of credit risk, data, and IT.

You analyze complex data-related challenges, translate the needs of modelling and validation teams into functional solutions, and help further improve and automate processes related to data quality, monitoring, and validation. The role combines functional analysis and data analysis. Depending on your experience and interests, your focus may be more on in-depth data investigations or on functional design and coordination.

You will join an international team with colleagues in Belgium, Prague, and Sofia. You will work in a highly regulated environment where data quality, governance, and traceability are essential.

What do we expect from you?

• You act as the main point of contact for modelling and validation teams regarding data requirements, questions, and incidents.
• You translate business and modelling requirements into clear functional designs for implementation teams.
• You contribute to the further development of the credit risk modelling database and its related data delivery processes.
• You coordinate new functionalities and, together with data engineers and analysts, ensure the quality of delivered solutions.
• You perform impact analyses for new developments and process changes.
• You help design and implement data quality controls, monitoring solutions, and automated validation processes.
• You investigate complex data issues and contribute to structural solutions across source systems, business processes, and the central database.
• You automate model monitoring and annual validation processes wherever possible.
• You build a thorough understanding of KBC’s credit processes, IT applications, and data flows, and use this knowledge to develop sustainable solutions.

Your key strengths?

• You hold a Master\'s degree in Economics, Science, Mathematics, Engineering, or another quantitative field.
• You have at least two years of experience in the financial sector and are familiar with credit risk concepts such as PD, EAD, and LGD models.
• You have experience as a Functional Analyst, Business Analyst, Data Analyst, or in a similar role.
• You have experience with complex data structures and data flows and can quickly identify connections between processes, systems, and data.
• You are able to translate complex requirements into pragmatic and sustainable solutions.
• You communicate clearly with business, modelling, and IT teams and can align different interests and expectations.
• You work in a structured manner, take ownership, and have a strong focus on quality.
• Knowledge of Python, SQL, Jira, and Confluence is an asset.
• You communicate fluently in English.

What can we offer you?

• At KBC, you can count on an excellent onboarding experience, supportive colleagues, and a pleasant working atmosphere.
• Throughout your career at KBC, we encourage you to continue growing both personally and professionally. You will have access to training opportunities to further develop your technical and interpersonal skills.
• We offer a permanent contract and a competitive salary package complemented by attractive fringe benefits. Sounds familiar? Of course, you\'ll find that in many job advertisements. What sets KBC apart is its extensive flexible benefits package. Too extensive to cover here, but we'd be happy to discuss all the large and small advantages during your interview.
• KBC has offices throughout Flanders, allowing for a comfortable commuting distance.
• You benefit from flexible working hours, helping you maintain a healthy work-life balance.