Credit Modeller

About Milliman

Milliman is one of the worlds 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) andExposure atDefault (EAD) models.

• Perform data analysis and statisticalmodellingto 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 findingsmethodology and performance for senior management and stakeholders.

• Stay updated with industry trends regulatory changes and best practices in credit risk modelling.

• Assistin derivative (Swap) valuation

Qualifications:

• Proven experience in IFRS 9 modelling PD modelling and LGD modelling.

• Strong knowledge of databases and data management practices.

• Proficiencyin 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.

Preferred Skills:

• Experience withprogramming 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.

• Advancedproficiencyin 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.

Education:

• Bachelors degree in Finance Economics Statistics Mathematics ora relatedfield. AMastersdegree or relevant certification is a plus.

• CFA