Consultant - Quantitative Risk Modelling

Consultant - Quantitative Risk Modelling

Finalyse Group

Brussels, Belgium

THE ROLE

We are seeking a Consultant in Quantitative Risk Modelling to join our Risk Advisory practice and support banking clients across a broad range of quantitative models. In this role, you will be involved throughout the full model lifecycle, from design and methodological development to implementation, testing, and independent validation.

You will advise banking clients on quantitative risk modelling, including credit risk, IFRS 9 provisioning, Pillar 2 modelling frameworks, stress testing, economic capital modelling. Senior team members also mentor colleagues and coordinate projects.

You will work on a wide spectrum of models, including credit risk (PD, LGD, EAD/CCF), IFRS 9, Economic Capital, and Pillar 2 models such as concentration risk, operational risk, and other non-Pillar 1 risks. Your work will help ensure that models are technically robust, well governed, and fully aligned with regulatory and supervisory expectations.

As a Consultant, you will contribute to complex quantitative projects and collaborate closely with clients to translate analytical insights into practical, risk-informed decisions. This role combines strong quantitative expertise with applied problem solving, enabling banks to rely on accurate, transparent, and well-governed models for decision-making and regulatory compliance.

RESPONSIBILITIES

• Participating in and leading engagements within the Risk Advisory practice in the quantitative domain for banking clients.
• Participating in the development of credit risk and related models, from model design through to model implementation, using advanced technologies and software packages.
• Participating in model validation assignments and providing clients with appropriate recommendations to improve models and related processes.
• Working as a member of a team of talented professionals or, depending on experience, coordinating workloads across multiple projects while coaching and mentoring junior staff.
• Building and maintaining close relationships with clients.
• Participating in business development initiatives and internal projects.
• Raising and promoting the company’s image in the financial industry through publications in the Regbrief and participation in external conferences and networking events.

REQUIREMENTS

• Master's degree in econometrics, physics, mathematics, or applied economics with an academic track record in a quantitative field.
• A certification like FRM or PRM would be an advantage.
• At least 2-3 years of experience in Financial Services in the banking sector.
• Affinity with banking products: retail and non-retail.
• First hands-on experience in the following areas: model development or model validation, valuation models for financial instruments etc.
• Relevant regulatory knowledge (Basel III/IV, CRR 3, IFRS9, …)
• Good command of specific packages like Matlab, SAS, R, Python or VBA.
• Ability to work autonomously in a result-oriented environment.
• Very good communication, writing and presentation skills in English.
• Fluency in French or Dutch, both written and oral is a plus.
• Readiness to travel throughout Europe.