NMD IRRBB Model Development Consultant

Job Title

Advisor - NMD IRRBB Model Development

Job Summary

We are seeking an experienced Advisor to lead the development and implementation of NMD IRRBB models in line with European regulatory requirements. The ideal candidate will combine deep technical expertise in model development with practical Python programming skills to deliver actionable solutions.

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 remain 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.
• 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.