Credit Risk Quant

ERM Placement Services; Surat; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

ERM Placement Services in Mumbai seeks a seasoned Manager-Credit Risk Quant to lead credit risk analytics engagements for Banks and financial institutions. You will develop and validate PD, LGD, EAD, and ECL models, advise on risk management, and ensure regulatory compliance across Basel and IFRS 9 frameworks.

The role requires client-facing leadership, senior stakeholder engagement, and the ability to guide enterprise risk initiatives from concept to delivery.

Qualifications

• Experience leading credit risk analytics engagements for financial institutions.
• Hands-on modeling/validation of PD, LGD, EAD, and ECL.
• Knowledge of Basel and IFRS 9 regulatory requirements.
• Ability to communicate complex risk concepts to CXO-level stakeholders.
• Experience in risk governance and policy development.

Responsibilities

• Lead credit risk consulting engagements with Banks, NBFCs, and other financial institutions.
• Develop, review, and validate PD, LGD, EAD, and ECL models.
• Advise on credit risk management, regulatory compliance, and enterprise risk initiatives.
• Interpret Basel accords and IFRS 9 (ECL) requirements.
• Assess credit policies, underwriting processes, and risk governance.
• Collaborate with clients to design effective risk solutions and deliver insights to executives.
• Lead project teams and mentor junior staff, ensuring timely delivery.
• Support proposals and business development with client relationships.

Skills

Credit risk modelling

PD/LGD/EAD/ECL modeling

Basel Accords & IFRS 9

Enterprise Risk Management

Stakeholder management

Client-facing leadership

Communication skills

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.