Credit Modeller
Milliman
Date: 2 weeks ago
City: Karachi
Contract type: Full time
About Milliman
Milliman is one of the world’s largest providers of actuarial and related consulting services, with practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Established in 1947, Milliman is an independent firm with a global presence. Our Karachi office supports consulting projects across the Middle East and GCC regions.
Key Responsibilities
Milliman is one of the world’s largest providers of actuarial and related consulting services, with practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Established in 1947, Milliman is an independent firm with a global presence. Our Karachi office supports consulting projects across the Middle East and GCC regions.
Key Responsibilities
- Develop and implement credit risk models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models.
- Perform data analysis and statistical modelling to assess credit risk and forecast potential losses.
- Gather, manage, and analyze data for model development and validation.
- Collaborate with cross-functional teams to integrate credit risk models into business processes and systems.
- Prepare comprehensive reports and presentations on model findings, methodology, and performance for senior management and stakeholders.
- Stay updated with industry trends, regulatory changes, and best practices in credit risk modelling.
- Assist in derivative (Swap) valuation
- Proven experience in IFRS 9 modelling, PD modelling, and LGD modelling.
- Strong knowledge of databases and data management practices.
- Proficiency in Excel and PowerPoint for data analysis and presentation.
- Excellent analytical and problem-solving skills with attention to detail.
- Ability to work collaboratively in a team environment and communicate complex concepts clearly.
- Experience with programming languages such as SQL, Python, R, and VBA.
- Familiarity with data visualization tools like Power BI.
- Prior experience working at a Big 4 consultancy firm.
- Advanced proficiency in Excel, including complex formulas, pivot tables, and data analysis tools.
- Strong presentation skills with the ability to convey technical information to non-technical audiences.
- Experience in derivative valuation.
- Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field. A Master's degree or relevant certification is a plus.
- CFA
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