Credit Risk Officer

Cipher7 Business Consulting & Digital Solutions; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Cipher7 Business Consulting & Digital Solutions is seeking an experienced Credit Risk Modelling professional to join a leading banking/financial services organisation in India. The role focuses on developing, enhancing and monitoring Credit Risk Models, with IFRS 9 / Ind AS 109 - ECL modelling and PD/LGD/EAD implementations.

You will work on SICR, staging, macro overlays, and regulatory interactions, leveraging SAS/SQL/Python/R for data analysis and governance reporting.

Qualifications

• 7-8 years of experience in Credit Risk Modelling / Risk Analytics.
• Strong Banking / NBFC background with wholesale credit portfolio exposure preferred.
• Hands-on with PD, LGD, EAD and internal rating models.
• Familiarity with IFRS 9 / Ind AS 109 & ECL frameworks.
• Understanding Basel, SICR, staging and provisioning methodologies.

Responsibilities

• Development, enhancement and monitoring of Credit Risk Models.
• IFRS 9 / ECL modelling and implementation.
• Development / implementation of PD, LGD and EAD models.
• SICR, staging assessment, macro overlays and forward-looking adjustments.
• Data analysis using SAS, SQL, Python or R; documentation and governance reporting.
• Support for Basel, RBI, regulatory and audit requirements.

Skills

Credit risk modelling

Risk analytics

Banking background

Model validation experience

Regulatory interaction

Education

MBA / CA / FRM / CFA / Master’s in Statistics or Finance

Tools

SAS

SQL

Python

R

Job description

We are looking for an experienced Credit Risk Modelling professional to join a leading banking / financial services organisation in India.

Key areas of responsibility:

• Development, enhancement & monitoring of Credit Risk Models
• IFRS 9 / Ind AS 109 - Expected Credit Loss (ECL) modelling & implementation
• Development / implementation of PD, LGD & EAD models
• SICR, staging assessment, macroeconomic overlays & forward-looking adjustments
• Data analysis using SAS / SQL / Python / R
• Model documentation, methodology papers & governance reporting
• Support for Basel, RBI, regulatory & audit requirements

Ideal profile:

• 7-8 years of experience in Credit Risk Modelling / Risk Analytics
• Strong Banking / NBFC background
• Hands-on experience with PD / LGD / EAD / Internal Rating Models
• Strong understanding of IFRS 9 / Ind AS 109 & ECL frameworks
• Good knowledge of Basel regulations, SICR, staging & provisioning methodologies
• Proficiency in SAS, SQL, Python, R or similar analytical tools
• Experience with wholesale credit portfolios preferred
• MBA / CA / FRM / CFA / Master's in Statistics, Mathematics, Economics, Finance or related disciplines preferred
• Exposure to Model Validation / Regulatory interaction would be an advantage