MERJE is seeking a talented Lead Credit Risk Analyst for a leading Mortgage provider in the UK.

Having grown over 150% YoY in 2024, they are now hiring a Lead Credit Risk Analyst to help them continue growing responsibly and compassionately – blending data-driven insight with an understanding of real people’s lives.

Location: London (Very Hybrid)

Salary: Up to £70K

The Role

As a Lead credit Risk Analyst , you would be reporting to the Head of Propositions and you’ll be a key member of the1st line credit function, shaping how they evaluate and support customers with more complex financial stories. This includes building smarter risk models, improving affordability assessments, and ensuring lending decisions are inclusive without compromising on credit quality.

Key Responsibilities:

Using credit bureaus and non-conventional data sources to analyse near-prime

mortgage performance to identify trends, risks, and opportunities to expand access

safely

Work with colleagues in credit, underwriting and product to evolve criteria and

propositions that recognise complexity e.g., variable income, minor credit issues, or

self-employment

Help maintain credit scoring models and affordability tools that are both robust

and human-centred

Develop clear reporting to monitor portfolio health and highlight areas for continuous

improvement

Support the risk assessment process for forward flow partners and funder reporting

Contribute to scenario testing and stress analysis, ensuring our approach remains

resilient in different market conditions

Keep up to date with UK mortgage regulation, consumer duty requirements, and

emerging risks impacting underserved borrowers

Act as an advocate for balanced, evidence-led credit decisioning that reflects the

realities of modern life

Required knowledge and experience:

Significant experience in credit risk analysis or modelling, ideally in UK mortgages and

complex or near-prime lending

Deep understanding of how to assess and manage credit risk across complex customer

types

Strong technical skills – familiarity with Python and SQL a plus

Experience developing credit scorecards, PD/LGD models, and affordability

assessments

Knowledge of UK affordability rules and regulatory landscape (FCA, PRA, Consumer

Duty)

Comfortable working independently and taking ownership, both iterating pre-existing

work and starting from a blank slate

Ability to clearly communicate your analyses and models in writing, verbally and

through appropriate visualisations

Empathy and curiosity – you’re excited to help design solutions for real people, not just

Models

If you’re an experienced Credit Risk Analyst looking for a fast-paced role in a mortgage business, we want to hear from you. Apply now to take the next step in your career!

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Applicants must be located and eligible to work in the UK without sponsorship.