(Although, there could be another level of irony, i.e. he is narcissistic, and worries you might think so, so he deploys irony to persuade you that he isn't by making a narcissistic-seeming comment in a self-undermining fashion—but I doubt it in this case).
In my experience, much British humor tends to follow a similar model (and Russian too perhaps), but I've observed that it's common for people who don't share that type of humor to misinterpret it.