Credit Risk Quant

ERM Placement Services; Lucknow; On-site; INR 2,400,000 - 4,800,000; Full time

Job summary

ERM Placement Services is seeking a Manager-Credit Risk Quant in Mumbai with 6 to 8 years of experience to lead risk analytics and client engagements. The role focuses on developing and validating credit risk models (PD, LGD, EAD, ECL) and advising on regulatory compliance, Basel II/III, and IFRS 9 frameworks.

You will mentor teams, present to senior executives, and drive risk solutions across banks and financial institutions. Strong Python/R skills and stakeholder management are essential.

Qualifications

• Experience in credit risk model development and validation for PD, LGD, EAD and ECL.
• In-depth knowledge of Basel Accords and IFRS 9 (ECL).
• Experience in Enterprise Risk Management and risk governance.
• Proficiency in quantitative analysis using Python or R is preferred.
• Strong communication and stakeholder management, with CXO-level exposure.

Responsibilities

• Lead credit risk consulting and analytics engagements for Banks, NBFCs, and financial institutions.
• Develop, review, and validate credit risk models (PD, LGD, EAD, ECL) and related methodologies.
• Provide advisory on credit risk management, regulatory compliance, and enterprise risk initiatives.
• Interpret and implement Basel II/III and IFRS 9 (ECL) frameworks.
• Assess and enhance credit policies, underwriting processes, and risk governance.
• Collaborate with clients to design effective risk management solutions.

Skills

Credit risk analytics

Quantitative risk modeling

Model development/validation

Basel Accords

IFRS 9 / ECL

ERM

Credit policy & governance

Python

R

Stakeholder management

Leadership & mentoring

Tools

Python

R

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.