Credit Risk Consultant - UK

4most; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

4most is seeking a Credit Risk Consultant to work on advisory projects for banks, including model development and validation in a hybrid work setting. Ideal candidates will have 2+ years of experience in risk, possess strong analytical skills, and be proficient in data processing tools like Python and SQL. The role offers diverse responsibilities, competitive salary, and benefits including a bonus scheme and continuous professional development support.

Benefits

25 days' holiday (Freedom Holiday Scheme)

Annual bonus

50% sponsorship for relevant courses

Private health insurance

Wellbeing platform reimbursement

Mobile phone bill reimbursement

Pension scheme with matching contributions

Death-in-service life assurance

Income protection

Electric Vehicle scheme

Cycle-to-work scheme

Qualifications

• 2+ years in risk, analytics, or data science for banks.
• Experience leading teams and managing projects.
• In-depth knowledge of IRB, IFRS 9, and Stress Testing models.

Responsibilities

• Develop credit risk models for regulatory and business purposes.
• Conduct stress testing exercises and improve data quality.
• Present results to senior management.

Skills

Data processing

Data analysis

Communication

Technical expertise in financial risk management

Tools

Python

SAS

SQL

R

Job description

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Credit Risk Consultant - UK

We are not your typical consultancy firm; our purpose is to redefine consulting by enabling all our people to flourish and excel. We have over 250 consultants working in credit risk, data, market risk, life insurance, and general insurance across multiple sites - London, Leeds, Edinburgh, Dublin, Amsterdam, Dubai, and Bengaluru. We value every individual's contribution to the company's success, with colleagues owning a significant share of the business, and we have ambitious plans to grow further.

As experts in our field, we are passionate about what we do and embrace diversity; we've created a fun and innovative environment where technical minds flourish. Individual success is not measured by the size of your team or the hours you work, but by the unique value you bring to the community. We want our people to think differently and challenge the status quo.

Our people are our biggest asset, having been voted the Best company to work for at the 2023 Credit Strategy Awards, Women in Credit Employer of the Year for 2023, and Best Management Consultancy Firm MEA Finance UAE 2022. Our awards speak for themselves. We reward teamwork and believe value should be shared with all who contribute.

What you'll do

As a Consultant at 4most, you'll work on advisory projects at banks, ranging from large global banks to regional lenders. You will learn from and collaborate with other 4mosters and client teams on projects. Tasks could include:

• Developing credit risk models for regulatory and business purposes, focusing on IRB and IFRS 9.
• Validating and challenging these models on design, performance, and implementation.
• Conducting stress testing exercises, from operational execution to model development and validation.
• Processing large credit risk datasets and assessing or improving data quality.
• Integrating ESG factors across data, models (IRB, IFRS 9, stress testing), and risk processes.
• Interpreting and implementing regulatory requirements and supervisory expectations.
• Remediating supervisory findings (ECB/DNB).
• Presenting and discussing results with senior management.
• Supporting business development activities, client events, meetings, workshops, pitching, drafting proposals, and creating marketing materials.

Your background

• You bring 2+ years of experience in risk, analytics, or data science for banks, gained through work at a bank, consulting firm, or regulatory body.
• You have significant experience leading teams and delivering projects, providing guidance and leadership to colleagues.
• You possess deep technical expertise in financial risk management and hands-on experience with IRB, IFRS 9, or Stress Testing models.
• You are skilled in data processing and analysis of large datasets using Python, SAS, SQL, or R.
• You have detailed knowledge of UK or European prudential regulation and supervision at banks.
• You are a strong communicator, both verbally and in writing, capable of simplifying complex topics.
• You have a good command of the English language.
• You are passionate about the business impact of analysis, driven by continuous improvement and attention to detail.

Benefits

Salary depends on experience, plus:

• 25 days' holiday (Freedom Holiday Scheme).
• Annual bonus.
• 50% sponsorship towards relevant courses (professional qualification, Masters, PhD, etc.).
• Private health insurance.
• Juno wellbeing platform: £50/month for wellbeing activities and £50/month for fitness-related expenses.
• Reimbursement of mobile phone bills (up to £40/month).
• Pension scheme with 4most matching contributions between 3% and 6% of your basic salary.
• Death-in-service life assurance at 3x salary.
• Income protection.
• Electric Vehicle scheme.
• Cycle-to-work scheme.

Department: Credit Risk

Locations: London, Edinburgh, Leeds

Remote status: Hybrid

Job ID: pT2F6Etwy6mb