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Position: Quantitative Credit Risk Analyst
Firm: RiskMatrix (Moody’s “Elite Partner” Based in Larnaca Cyprus)
Who we are:
We are the Credit Analytics Division of RiskMatrix, Moody’s “Elite” Partner based in Larnaca, Cyprus. We help banks build, implement, and validate models for credit risk measurement and management. Our solutions combine robust quantitative techniques with practical insights, supporting compliance with regulations, accounting standards, and other requirements.
With a small team of exceptional people, RiskMatrix has built its client base to over 150 customers. This client base is in Cyprus, Greece, the Middle East and Near East regions, Egypt, Eastern Africa, Turkey, and Eastern Europe. Our clients include the largest and most important banks in the countries in which they reside.
Who you are:
You love a challenge and that feeling of success when you figure out a truly difficult problem or overcome significant obstacles. You love to learn new things and be presented with opportunities and the need to be constantly developing. You want to work in a place that will allow you to develop quickly, that provides the opportunities and challenges that will keep your career developing.
You have the following attributes:
•You have strong programming skills and a passion for building analytical tools. As AI and automation become central to credit risk modelling, you are excited about learning and applying advanced techniques, including machine learning, to solve real-world problems.
•You are good at programming in Python and/or R, as well as SQL and Excel, and understand how to use these for data manipulation, transformation and model implementation.
•You have strong quantitative analysis skills. Much of our work involves the use of quantitative modelling tools; you will need a broad analytical background to understand and use these tools, and to identify and learn new approaches to solve problems; you will also need deep understanding of how to interpret results and draw out meaningful insights from the analysis;
•You have excellent communication skills. You will need to be able to communicate with senior clients, both verbally and in writing. You will need to be fluent in English and have excellent writing skills with the ability to convey complex information in a clear and succinct manner;
•You have a solid academic background with at least a good honours degree in a quantitative subject such as data science, mathematics, statistics, operational research, finance or engineering;
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You are motivated to deliver high quality work, have good time management and self-management skills. We operate as a fairly flat structure; this means that each member in our team needs to focus on delivery, taking the initiative to ensure that all deliverables are completed to a high standard in a timely manner;
•You are happy working within a team, collaborating with colleagues and enhancing the team’s overall performance. Equally, you will also need to be comfortable working on your own.
Job description:
Our work is varied, and you will be a core part of our team delivering robust analytical solutions tailored to our clients’ requirements. You will develop and implement credit risk models1, validate other people’s models, and support our advisory work around climate and sustainability risk, governance frameworks and pricing models. We are specialists in helping banks address regulations, accounting rules (IFRS 9), stress testing requirements and internal capital adequacy assessments.
Core Skills Required:
•Programming: Python and/or R, SQL and Excel;
•Data manipulation, modelling, and analysis;
•Strong written and verbal communication in English;
•Critical thinking and problem solving;
•A good honours degree (or higher) in a quantitative subject.
Benefits and Opportunities for You:
In addition to competitive financial rewards, you can expect:
•To join a small team of highly committed, highly experienced individuals who can help you develop throughout your career. RiskMatrix prides itself in its highly collegial working environment. While targets and delivery to commitments are a core part of our work, collaboration and helping others is an intrinsic part of our culture.
•Diverse training and coaching utilising a variety of approaches. We benefit from having very experienced team members who can share their significant expertise and invest in your growth.
•The opportunity to work with leading financial institutions under a world-renowned brand, working with clients at all levels from technical IT colleagues to senior management.
The position is based in Larnaca, Cyprus, and may involve some travel within the countries in the region that we cover.
You must have a valid employment permit to work in Cyprus or be eligible to work in the EU without a work permit.
If your skills and experience meet the requirements, and you are excited about the opportunity to work with us, please complete our application form (Application for Quantitative Credit Risk Analyst at RiskMatrix:https://forms.cloud.microsoft/pages/responsepage.aspx?id=2kEgN2y0n0-zTDVdiVyOCHgsCyAXgY5Ng5uOBHaoGqNUQjlCN0ZUUEwyT0pMOUhOQUhUWlhTQlhZUi4u&route=shorturl) and email your c.v. to humanresources@riskmatrixirms.com, telephone: +357-24669488. In your email, please provide your full name as provided on the form and also refer to the email address provided on the form if different to the one used for submission of your c.v.
