Credit Risk Analyst

Keystone Solutions is seeking a full-time Risk Analyst to join our consultancy team for a mission at our client in Erps-Kwerps. As a Keystone Solutions consultant, you will execute the full scope of IFRS 9 credit risk responsibilities on-site or in hybrid collaboration with the client, ensuring reliable provisioning, regulatory compliance, and impactful insights for decision-making. Fluency in English is essential, and proficiency in Dutch or French is highly valued.

Location: Erps-Kwerps

Position Type: Full-time

Languages: English (required), French or Dutch (at least one preferred)

• →Calculate and monitor Expected Credit Losses (ECL) across portfolios (loss allowances, cost of risk, etc.).
• →Manage IFRS 9 staging, including DPD monitoring and analysis of stage migrations.
• →Develop, monitor, and validate risk parameters (PD, LGD, EAD): model development, calibration, backtesting, and periodic validation.
• →Monitor and validate scorecards.
• →Prepare and validate IFRS 9 data: ensure data quality, perform data checks, and organize data delivery to reporting tools.
• →Analyse and explain provisioning movements: assess drivers of loss allowance variations (volume, portfolio mix, parameter changes); explain movements (stage migrations, write-offs, recoveries); communicate impacts to management.
• →Prepare internal and external reporting.
• →Ensure governance and coordination with Controlling and Accounting; manage methodological changes and obtain required approvals (e.g., models, parameters).
• →Maintain IFRS 9 documentation and ensure regulatory compliance.
• →Maintain strong cross-functional coordination with relevant departments (Collections, Litigation, etc.) to identify and analyse the root causes of staging movements, write-offs, and other credit risk developments.
• →Contribute to and oversee risk and compliance initiatives within the organization.

All responsibilities above will be performed as a Keystone Solutions consultant working closely with the client under our consultancy model.

• Education: Master's degree in Actuarial Science, Mathematics, Applied Economics, or a related field.
• Experience: A minimum of 3 years of experience in credit risk.
• Risk Models Knowledge: Proficiency in credit risk models (ECL: PD, LGD, EAD) and a solid understanding of the overall risk rules (IFRS 9) and landscape.
• Technical Skills: Competency in econometrics and statistical model building. Experience with SAS is essential; knowledge of other analytical tools such as STATA, Python, and SQL is a significant advantage.
• Programming Skills: Advanced proficiency in MS Office, including VBA, or other procedural programming languages.
• Language Skills: Fluency in English is required. Proficiency in Dutch or French is preferred. Knowledge of German is an advantage.

The successful candidate will carry out these requirements as a Keystone Solutions consultant, embedded with the client to deliver measurable outcomes.

• Consultancy Nature of Work: Operate as a Keystone Solutions consultant, working on-site at client locations or in hybrid settings. You will integrate with client teams while benefiting from Keystone Solutions' guidance and standards.
• Dynamic Projects: Engage with diverse portfolios, risk challenges, and regulatory contexts across client missions, broadening your exposure to methodologies, data environments, and governance frameworks.
• Turbo-Charged Learning and Development: Access continuous learning through project-based development and peer knowledge exchange. Enhance capabilities in IFRS 9, ECL modeling, data quality, and cross-functional risk governance.
• Ambition Skyrocketing within a Consultancy Framework: Accelerate your career by taking on progressive responsibilities across missions, from parameter model development and backtesting to provisioning analytics and stakeholder communication.

As a Keystone Solutions consultant, you bring our core values to every engagement—delivering excellence, fostering collaboration with client stakeholders, and maintaining integrity and accountability in all risk analyses, models, and reports. Being a K-Stone means representing these values consistently in each client project.

• Adopt and enhance client processes while ensuring IFRS 9 compliance and documentation rigor.
• Deliver high-quality ECL calculations, parameter models, staging analytics, and provisioning explanations, translating technical results for management.
• Coordinate with Controlling, Accounting, and operational teams to secure approvals, align methodologies, and enable accurate reporting.

If you are ready to tackle technical and strategic challenges in a dynamic consultancy environment, apply today at Keystone Solutions Career Portal.