Credit Risk Assistant Manager

ZipRecruiter; London; Hybrid; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Credit Risk Assistant Manager to join their dynamic team. This role offers the opportunity to work on impactful projects while advising clients on critical credit risk models and compliance with evolving regulations. The ideal candidate will possess a strong background in credit risk modelling, with proficiency in SAS, R, and Python, and excellent communication skills to bridge finance and risk requirements. Join a forward-thinking firm that values flexibility and diversity, and take your career to the next level while making a significant impact in the financial services sector.

Qualifications

• Minimum 3 years’ experience in a credit risk modelling role.
• Practical knowledge of credit risk modelling techniques.

Responsibilities

• Advising clients on IFRS9 and Basel credit risk capital requirements.
• Performing technical analyses for credit risk modelling engagements.

Skills

Credit Risk Modelling

SAS

R

Python

Communication Skills

Project Management

Education

Bachelor's Degree in Finance or related field

Job description

Job Description

Credit Risk Assistant Manager – KPMG – Consulting

www.kpmg88careers.co.uk/experienced

The KPMG Consulting function is a cornerstone of our business. Operating from London, we do work that matters, serving the country with diligence and expertise.

KPMG is one of the world's largest and most respected consultancies. We've supported the UK through times of war and peace, prosperity and recession, political and regulatory upheaval. We've proudly stood beside the institutions and businesses which make the UK what it is.

By encompassing a wide range of disciplines across areas such as Strategy, Forensic, Risk and Regulatory, People and Talent, and Operational and Financial Transformation, we immerse ourselves in our clients' organisations, applying sector knowledge and technology solutions to deliver optimal outcomes and ensure first-time right solutions.

Why Join KPMG as a Credit Risk Assistant Manager?

We are currently seeking Credit Risk Assistant Managers to advance their careers. With a growing team and new project opportunities within the FRM function, now is an ideal time to join us.

Key Responsibilities:

1. Advising clients on the impact of changing requirements in provision accounting standards (IFRS9) and Basel credit risk capital requirements (IRB), including model review and validation activities such as:
2. Technical model development documentation review
3. Assessment of model performance
4. Replication testing
5. Reviewing models against IRB regulatory requirements

The role also involves performing technical analyses for workstreams within IRB, IFRS9, and credit risk modelling engagements, supporting various banking risk-related issues across regions and propositions.

Qualifications and Experience:

• Minimum 3 years’ experience in a credit risk modelling role within a financial or professional services firm
• Practical knowledge of credit risk modelling techniques
• Experience with IRB, IFRS9, and related regulatory credit risk models
• Comprehensive understanding of model development and validation processes, including data extraction, modular development, UAT, and performance assessment
• Sectoral experience in developing Retail/Wholesale banking PD/EAD/LGD models
• Knowledge of credit risk processes, governance, and documentation

Key Skills:

• Effective communication of risk/finance requirements between functions
• Programming skills in SAS, R, Python
• Flexibility and ability to contribute at a senior level across diverse risk engagements
• Excellent communication, planning, project management, and influencing skills
• Willingness to work across the UK and internationally as needed

Location:

We are open to candidates across the UK, with options for office-based, remote, flexible hours, and part-time work. Discuss your needs with our team.

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