Credit Product Risk Analyst

Credit Risk Product Analyst

Location:

London / Hybrid

Contract:

Contract to March 2027
Day rate: £600 via Umbrella Company DOE

Our commitment is to provide equal opportunity regardless of, for example, your gender, age, ethnicity, disability, sexual orientation or beliefs. We also engage with employers to develop programmes and pathways that embrace diverse talent and promote more inclusive employment worldwide through partnerships and other initiatives. We recognise and celebrate the value of difference and how it makes us faster, smarter and more innovative than our competition.

My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.

You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs, being office based 3 days a week, 2 days working from home.

The Credit Risk Product Analyst is a senior product leader responsible for shaping the strategy, design, and delivery of platforms supporting the end‑to‑end credit risk lifecycle across banking and markets businesses. The role partners with Credit Risk, Front Office, Treasury, Finance, and Technology to deliver robust capabilities for underwriting, limit & exposure management, collateral & margining, impairment, capital/RWA, and regulatory reporting-ensuring compliance with Basel/CRR, ECB/SSM, and PRA expectations.

• Own the multi‑year product roadmap for Credit Risk platforms (wholesale/retail as applicable), aligning with Risk and business strategy.
• Translate regulatory and business priorities into a clear backlog, investment cases, and target‑state architecture in partnership with Technology and Data.
• Lead complex delivery work streams from discovery to production, driving design, UAT, and rollout across regions and legal entities.
• Mentor AVP/Analyst team members; set standards for requirements, design artefacts, and release governance.

• Counter party & Wholesale Credit:
  Limits & hierarchy management, exposure calculation (PFE/EPE), SA‑CCR/IMM, collateral & CSA terms, margining, wrong‑way risk, credit risk mitigation (CRM), credit approvals & workflow.
• Banking Book / Retail / Corporate:
  Origination & underwriting, credit scoring, PD/LGD/EAD model integration, collateral valuation, early warning indicators (EWIs), watchlist, provisions/impairment, and collections.
• Lifecycle Controls:
  Obligor/Facility data quality, obligor rating processes, default identification & cure, recovery & workout data capture.
• Partner with quants and risk managers to refine methodologies, parameterization, and exposure logic; validate functional outcomes against policy and model intent.

• Ensure alignment to Basel III/IV and CRR/CRD for credit risk RWA (SA & IRB), CRM eligibility, large exposures, credit concentration, and counter party credit risk (CCR).
• Translate SA‑CCR, IMM/EAD, Default Risk definitions, and IFRS 9 impairment (ECL) into functional/technical requirements and robust controls.
• Support ECB/SSM, PRA, and internal audit engagements: lead remediation plans, evidence packs, and sustainable control enhancements.
• Oversee data and process readiness for ICAAP, stress testing, Pillar 3 disclosures, and regulatory change (e.g., Basel 3.1/"Basel IV").

• Drive strategic data sourcing and lineage across Client/Obligor, Facility, Collateral, Trade, and…