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Wissen Technology

Lead IRB Credit Modelling

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W<\/b><\/span>issen Technology is hiring for<\/b><\/span> <\/b><\/span><\/span><\/span>Lead IRB Credit Modelling<\/b><\/span><\/span>
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About Wissen Technology: <\/b><\/span><\/span>
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At Wissen Technology, we deliver niche, custom\-built products that solve complex business challenges across industries worldwide. Founded in 2015, our core philosophy is built around a strong product engineering mindset\u2014ensuring every solution is architected and delivered right the first time. Today, Wissen Technology has a global footprint with 2000+ employees across offices in the US, UK, UAE, India, and Australia. Our commitment to excellence translates into delivering 2X impact compared to traditional service providers. How do we achieve this? Through a combination of deep domain knowledge, <\/span><\/span>cutting\-edge<\/span> <\/span>technology <\/span><\/span>expertise<\/span>, and a relentless focus on quality. We <\/span><\/span>don\u2019t<\/span> <\/span>just meet expectations\u2014we exceed them by ensuring faster time\-to\-market, reduced rework, and greater alignment with client <\/span><\/span>objectives<\/span>. We have a proven <\/span><\/span>track record<\/span> <\/span>of building mission\-critical systems across industries, including financial services, healthcare, retail, manufacturing, and more. Wissen stands apart through its unique delivery models. Our outcome\-based projects ensure predictable costs and timelines, while our agile pods <\/span><\/span>provide<\/span> <\/span><\/span>clients with<\/span> <\/span>the flexibility to adapt to their evolving business needs. Wissen leverages its thought leadership and technology prowess to drive superior business outcomes. Our success is powered by top\-tier talent<\/span>. <\/span><\/span>Our mission is clear: to be the partner of choice for building world\-class custom products that deliver exceptional impact\u2014the first time, every time.<\/span><\/span> <\/span>
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Job Summary:<\/b><\/span> <\/span><\/span><\/span>We are seeking an experienced <\/span><\/span><\/span>Lead IRB Credit Modelling professional<\/span><\/span> <\/span>(12\u201317 years) to drive the develop<\/span>ment,<\/span> <\/span>validation, and governance of credit risk models across retail and wholesale portfolios. This role focuses on building and <\/span><\/span>refining <\/span><\/span><\/span>IRB parameters (PD, LGD, EAD)<\/span><\/span> <\/span>in line with <\/span><\/span><\/span>UK PRA Basel 3.1 regulatory standards<\/span><\/span>. The ideal candidate will bring strong quantitative <\/span><\/span>expertise<\/span>, hands<\/span><\/span>\u2011<\/span>on modelling experience, and the ability to engage with business and ri<\/span>sk stakeholders <\/span><\/span>to ensure effec<\/span>tive use o<\/span>f models within the credit risk framework.<\/span><\/span>
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Experience:<\/b><\/span><\/span> <\/b><\/span><\/span>1<\/span>2<\/span>\-<\/span> <\/span><\/span>17<\/span> <\/span>Years<\/span><\/span>
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Location:<\/b><\/span><\/span> <\/b><\/span><\/span>Mumbai<\/span><\/span>
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Mode of Work:<\/b> <\/b><\/span><\/span><\/span>Hybrid<\/span><\/span>
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Key Responsibilities:<\/b><\/span><\/span>
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  • Develop and refine <\/span>IRB credit risk models <\/span>(PD, LGD, EAD, slotting models).<\/span><\/span>
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  • Lead end<\/span><\/span>\u2011<\/span>to<\/span><\/span>\u2011<\/span>end <\/span>model lifecycle management <\/span>including scoping, data analysis, development, validation, and governance approvals.<\/span><\/span>
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  • Conduct <\/span>model performance analysis, including calibration, <\/span><\/span>backtesting<\/span>, and annual model reviews.<\/span><\/span>
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  • Identify <\/span>and resolve model deficiencies and improve model robustness.<\/span><\/span>
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  • Ensure models <\/span>comply with <\/span>UK PRA Basel 3.1 IRB standards <\/span>and regulatory requirements.<\/span><\/span>
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  • Research and implement best practices in <\/span>credit risk <\/span><\/span>modelling<\/span> <\/span>methodologies.<\/span><\/span>
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  • Collaborate with Credit, Risk, and business teams to ensure effective model usage and interpretation.<\/span><\/span>
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  • Prepare high<\/span><\/span>\u2011<\/span>quality <\/span>documentation, model reports, and regulatory submissions.<\/span><\/span>
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  • Communicate analysis, findings, and recommendations effectively to both technical and non<\/span><\/span>\u2011<\/span>technical stakeholders.<\/span><\/span>
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    Required Skills and Qualification<\/b><\/span><\/span>
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    • 12\u201317 years of experience in <\/span>credit risk modelling <\/span>with <\/span><\/span>strong<\/span> <\/span>focus on IRB frameworks.<\/span><\/span>
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    • Hands\-on experience developing <\/span>PD, LGD, EAD models <\/span>for retail or wholesale portfolios.<\/span><\/span>
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    • Strong knowledge of <\/span>Basel regulations, particularly <\/span>UK PRA IRB standards <\/span>(EBA exposure is acceptable).<\/span><\/span>
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    • Strong academic background in <\/span>quantitative fields <\/span>(Mathematics, Physics, Engineering, Economics, etc.).<\/span><\/span>
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    • Proficiency <\/span>in <\/span>SQL and/or Python <\/span>for data analysis and modelling.<\/span><\/span>
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    • Strong analytical and statistical modelling skills<\/span>.<\/span><\/span>
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    • Experience managing <\/span>model development and <\/span><\/span>validation<\/span> <\/span>lifecycle.<\/span><\/span>
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    • Excellent communication and documentation skills.<\/span><\/span>
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    • Ability to work independently and lead initiatives while collaborating with stakeholders.<\/span><\/span><\/span>
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      Good to have Skills<\/b><\/span><\/span>
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      • Experience leading teams or acting as a <\/span>project/team lead <\/span>in modelling initiatives.<\/span><\/span>
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      • Experience with <\/span>mortgage or wholesale credit portfolios.<\/span><\/span>
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      • Familiarity with <\/span>regulatory interactions, model governance, and audit processes.<\/span><\/span>
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      • Exposure to<\/span> <\/span>advanced <\/span><\/span>modelling<\/span> <\/span>techniques or machine learning in credit risk.<\/span><\/span>
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      • Experience working in <\/span><\/span>global financial institutions<\/span> <\/span>or regulated environments.<\/span><\/span>
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        Wissen Sites:<\/b><\/span><\/span>
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        Website: <\/span><\/span><\/span>www.wissen.com<\/span><\/span><\/a> <\/span><\/span>
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        LinkedIn: <\/span><\/span><\/span>https://www.linkedin.com/company/wissen\-technology<\/span><\/span><\/a> <\/span><\/span>
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        Wissen Leadership: <\/span><\/span><\/span>https://www.wissen.com/company/leadership\-team/<\/span><\/span><\/a> <\/span><\/span>
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        Wissen Live: <\/span><\/span><\/span>https://www.linkedin.com/company/wissen\-technology/posts/feedView=All<\/span><\/span><\/a> <\/span><\/span>
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        Wissen <\/span><\/span>Thought<\/span> <\/span>Leadership: <\/span><\/span><\/span>https://www.wissen.com/articles/<\/span><\/span><\/a> <\/span><\/span>
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