Role title: Model Development Manager, IRB Model Development

Location: Molesworth Street, Dublin (Hybrid)

This role is being offered on a permanent, full-time basis.

As an advanced analytics team, we are passionate about driving insight and value from data. The team works across a spectrum of activities including data mining, visual analytics, time series modelling, regression modelling, machine learning, and pattern recognition. We value innovation and creativity and this role presents a great opportunity for any analyst who has the capability to approach a business problem in an innovative way, identify and build a great solution, and communicate the outputs of that work across the business.

What is Risk Analytics?

Risk Analytics are a group of professional quantitative analysts, operating within the wider Risk function in AIB, who provide quantitative risk & financial analysis and analytical expertise to business partners to help understand underlying risks in Credit portfolios. This covers a wide range of asset classes between Retail & Non-Retail borrowers, from the smallest personal customer to the largest international banks & governments.

About The Role

This role is in the IRB (Internal Rating Based) Model Development Team in Risk Analytics. They are responsible for the design and delivery of predictive credit risk measurement models relating to the Bank’s Pillar 1 capital PD, LGD and EAD models. These models are used to determine the level of risk associated with individual borrowers and drive the determination of the Bank’s regulatory capital requirements. The team is currently undertaking a multi-year redevelopment of all IRB models followed by the rollout of new IRB models, which represents a key strategic objective for the bank. The role involves working closely with our colleagues across the Business, Credit Risk, and the Chief Data Office.

We’re looking for someone who would be interested in:

• Development of models to support business decision making, risk management and estimation of regulatory capital requirements in line with internal development standards and policies. This includes Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) models.
• Managing a team of quantitative analysts
• Engaging with customer facing Business teams and leading workshops to understand how our analytic outputs can support their decision making.
• Extracting, transforming, and cleaning the data required for modelling and analysis purposes.
• Engaging with regulatory bodies as part of the on-going cycle of regulatory review of our models
• Contributing to the standards, methodologies and toolsets required to perform analytic activities.
  
  

Key Responsibilities Include

• Predictive model development: Take a leading role in building predictive models that are focussed on impacting core business elements, such as automated decisions, capital requirements and loss expectations.
• Leadership: Manage a team of quantitative analysts, coaching them in the development of technical skills as well as demonstration of core behavioural competencies.
• Analysis & investigation: Undertake and guide junior and senior quantitative analysts in various complex data analyses, investigations and/or modelling of business issues to improve the management, services and products of the bank.
• Digital protection: Access / utilise bank data within the policies and frameworks required by AIB.
• Expert advice: Provide specialist advice to the business with an emphasis on the impact and application of risk management requirements.
• Risk segmentation analysis: Creating segmentations that allow us to better understand the risks present in our lending portfolio and what we can do to better manage the risks.
• Stakeholder engagement: Work with stakeholders across the Business, Finance and Risk and act as a conduit for delivering solutions to business problems.
  
  

What You Will Bring

• At least 5 years’ experience encompassing model development/validation and decision support model relates roles. Examples include: IRB; IFRS 9; loss forecasting; stress testing or economic capital modelling; propensity modelling; or a combination thereof. A bachelor’s degree in a quantitative analytical discipline (2.1 or higher), e.g. mathematics, applied mathematics, physics, statistics, engineering, econometrics. (Confirmation will be sought if successful for the role.);
• Ideally have Advanced level of SAS or SQL programming – an equivalent level in an alternate programming language would be considered (e.g. R, Python, Matlab). Advanced experience in extracting, transforming, and cleaning data for modelling purposes;
• Experience writing technical documents that meet internal and regulatory standards. Experience in engagement with regulatory or audit bodies;
• Experience training and managing the day to day tasks of junior team members;
• Strong ability to build relationships and communicate with key stakeholders;
• Curiosity and inventiveness. Good problem solving skills with capability to defend their decisions from challenge both on a technical and business front.
  
  

Life at AIB

At AIB, we have a clear purpose - to back our customers to achieve their dreams and ambitions. We want to be at the heart of our customers’ financial lives by giving them an exceptional experience. That goes for our employees too.

We are building a culture that breaks the conventions of what our customer and employees expect of a bank.

We are committed to offering our colleagues choice and flexibility in how we work and live. Our hybrid working model enables our people to balance their time between working from home and their designated office, subject to their role, the needs of our customers and business requirements. More details on our hybrid working arrangements and expected office attendance for your role will be provided to you during the recruitment process.

AIB is an equal opportunities employer, and we pride ourselves on being the first bank in Ireland to receive the Investors in Diversity Gold Standard for Diversity and Inclusion. We work to ensure that AIB is a place where diversity is welcome, everyone can thrive, and inclusion is a universal experience. Our working environment is one in which talented individuals of all backgrounds can realise their full potential, enjoying rewarding careers in the service of our customers.

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information or have any special requirements or needs that would support you during the recruitment process then please contact the Talent Acquisition Team at careers@aib.ie

By when? Closing date is 3rd of November

Disclaimer

Unsolicited CV’s sent to AIB by Recruitment Agencies will not be accepted for this position. AIB operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our recruitment partners.