NMD IRRBB Model Development Consultant

Job Title:

Work Type:

SKIILS: NMD = Non-Maturity Deposits

Job Summary:

Key Responsibilities:

• Lead end-to-end NMD IRRBB model development initiatives, ensuring compliance with European regulatory standards
• Translate regulatory requirements into robust, technical model frameworks
• Develop, validate, and maintain statistical and risk models using Python and other relevant tools
• Provide practical solutions and recommendations to complex risk modeling challenges
• Collaborate with stakeholders across Risk, Finance, and IT teams to ensure model integrity and operational feasibility
• Stay updated with evolving European banking regulations and ensure models are compliant
• Conduct technical reviews, documentation, and presentations for senior management and regulatory reporting
  

Required Qualifications & Skills:

• Proven experience in NMD IRRBB model development and European regulatory frameworks (e.g., EBA, Basel)
• Strong Python programming skills; experience with data manipulation, statistical modeling, and automation
• Expertise in risk modeling, validation, and implementation
• Solid understanding of quantitative risk concepts, credit risk, and non-marketable risks
• Excellent problem-solving skills with the ability to deliver practical solutions
• Strong communication and stakeholder management skills
  

Preferred:

• Experience with other modeling tools such as R, SAS, or MATLAB
• Exposure to machine learning or AI-based risk models
• Familiarity with cloud platforms or data pipelines for model implementation
  

Experience:

• Minimum 10 years in risk modeling or quantitative analysis within banking or financial institutions
  

Key Attributes:

• Hands-on, solution-oriented, and proactive in driving model development
• Detail-oriented with strong analytical and technical skills
• Ability to work independently and mentor junior team members