Credit Risk Quant

ERM Placement Services; Dadri; On-site; INR 2,600,000 - 5,800,000; Full time

Job summary

ERM Placement Services in Mumbai seeks a Manager-Credit Risk Quant with 6 to 8 years of experience to lead analytics engagements, model development/validation, and advisory work in Basel/IFRS 9 contexts.

Responsibilities include leading client engagements, mentoring teams, and delivering high-impact risk solutions while collaborating with senior stakeholders to drive business outcomes.

Qualifications

• Strong expertise in credit risk analytics and regulatory compliance.
• Proficient in PD/LGD/EAD/ECL methodologies.
• Knowledge of Basel Accords and IFRS 9 (ECL).
• Experience in Enterprise Risk Management and risk governance.
• Exposure to credit policy, scoring models, and regulatory requirements.
• Proficiency in Python or R for quantitative analysis.
• Excellent communication and stakeholder management.
• Experience leading client engagements and teams.

Responsibilities

• Lead credit risk consulting engagements for Banks, NBFCs, and financial institutions.
• Develop, review, and validate credit risk models (PD, LGD, EAD, ECL).
• Advise on credit risk management, regulatory compliance, and ERM initiatives.
• Interpret and implement Basel II/III and IFRS 9 regulations.
• Assess and enhance credit policies, underwriting, governance, and scoring.
• Collaborate with clients to capture requirements and design solutions.
• Present findings to CXO-level stakeholders and clients.
• Mentor project teams and drive timely delivery of engagements.
• Support business development with proposals and client relationships.

Skills

Credit risk analytics

Regulatory frameworks

Quantitative risk modeling

Leadership

Client-facing communication

Python

R

Stakeholder management

Presentation skills

Job description

Manager-Credit Risk Quant

Location: Mumbai

Experience: 6 to 8 Years

About the Role

We are looking for an experienced Manager Credit Risk Quant to join our Financial Risk & Regulations practice. The ideal candidate will possess strong expertise in credit risk analytics, regulatory frameworks, and quantitative risk modeling, with experience across banking and financial services. This is a client-facing role requiring leadership capabilities, strategic thinking, and the ability to deliver high-impact risk solutions.

Key Responsibilities

• Lead credit risk consulting and analytics engagements for Banks, NBFCs, and other financial institutions.
• Develop, review, and validate credit risk models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Expected Credit Loss (ECL), and portfolio pooling methodologies.
• Provide advisory on credit risk management, regulatory compliance, and enterprise risk management initiatives.
• Interpret and implement regulatory frameworks such as Basel Accords and IFRS 9 (ECL).
• Assess and enhance credit policies, underwriting processes, risk governance, and credit rating/scoring methodologies.
• Collaborate with clients to understand business requirements and design effective risk management solutions.
• Present recommendations and insights to senior stakeholders, including CXO-level executives.
• Lead project teams, mentor team members, and ensure timely delivery of high-quality client engagements.
• Contribute to business development by supporting proposals, identifying growth opportunities, and building strong client relationships.

Required Skills & Experience

• Strong understanding of wholesale, retail, and alternative lending products, including Microfinance.
• Hands-on experience in credit risk model development and/or validation covering PD, LGD, EAD, ECL, and related methodologies.
• In-depth knowledge of Basel Accords, IFRS 9 (Expected Credit Loss), and credit risk regulatory requirements.
• Experience in Enterprise Risk Management (ERM) and credit risk governance.
• Exposure to credit policy, credit processes, risk scoring, rating models, and regulatory compliance.
• Proficiency in quantitative analysis using R or Python is preferred.
• Excellent analytical, problem-solving, and stakeholder management skills.
• Strong communication and presentation skills with experience engaging senior leadership and clients.