At a Glance
- Tasks: Lead the development of credit risk models and engage with stakeholders to enhance decision-making.
- Company: Join AIB, a leading bank in Ireland committed to collaboration and innovation.
- Benefits: Enjoy a hybrid work model, competitive pension, healthcare, and volunteer days.
- Other info: AIB values diversity and offers a supportive environment for all employees.
- Why this job: Make a real impact on financial stability while growing your skills in a dynamic team.
- Qualifications: 3 years in model development and a degree in a quantitative field required.
The predicted salary is between 55000 - 65000 € per year.
At AIB, our values guide how we work and how we support each other. We're looking for someone who puts Customer First, takes initiative and Owns the Outcome, and is always looking for ways to Eliminate Complexity. You'll treat colleagues and customers with fairness and Show Respect, and you'll thrive in a culture built on collaboration where we Be One Team to deliver meaningful impact.
Location/Office Policy: Dublin, Belfast, London, Northampton - Hybrid (3 days in office, 2 days remote)
Are you a problem solver, organised, proactive, pragmatic and an excellent team player? Are you seeking an opportunity to develop and grow your professional value in a dynamic Model Development Team?
What is the role
This role is positioned within the IFRS9 Team in Risk Analytics as a Senior Quantitative Risk Analyst. In Risk Analytics, we develop and support the deployment of risk models, strategies and decision tools for regulatory capital, internal capital and business decision making. Risk Analytics is part of the Risk Function, this is an independent, second line of defence function that monitors, controls, and supports risk-taking activities across AIB. The purpose of the Risk Function is to provide advice and guidance in relation to risk while providing independent oversight and reporting on AIB's risk profile. The Risk Function's main objective is to ensure AIB has a robust risk management framework and culture in place to ensure risks are taken within the risk appetite set by the Board, in support of AIB's customer franchise and social responsibility.
Key Accountabilities
- Leading the development of macroeconomic models, or components thereof, for the estimation of credit risk parameters for use in the calculation of ECL. This includes but is not limited to: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) models.
- Engagement with stakeholders across the Bank to ensure the models appropriately capture the risk dynamics within the portfolio.
- Contributing to the standards, methodologies and toolsets required to perform analytic activities.
- Design of model methodology and automation of model development processes.
- The extraction and cleansing of data, statistical analysis to support model specification, segmentation, and factor selection, as well as the estimation and back-testing of models in support of same.
- Engaging with customer facing Business teams to understand how our analytic outputs can support their decision making.
Credit risk is a dynamic, ever-evolving field and working for Risk Analytics will place you at the vanguard of quantitative risk analysis, regularly implementing the latest published methodologies and creating bespoke in-house solutions to challenging problems, as part of an experienced team where you will receive support and training to help you reach your potential. As an analyst working in Risk Analytics for a pillar bank in Ireland, your work will make a tangible impact on the stability and performance of AIB and the wider financial system.
What you will bring
- 3 years' experience in a model monitoring, model development or model validation role. 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.
- 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.
- Familiarity with data visualisation tools such as QlikView, Power BI, SAS VA or Tableau.
- 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.
Why Work for AIB:
We are committed to offering our colleagues choice and flexibility in how we work and live and 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. Some of our benefits include; Market leading Pension Scheme, Healthcare Scheme, Variable Pay, Employee Assistance Programme, Family leave options, Two volunteer days per year.
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 accreditation from the Irish Centre for Diversity. We are committed to providing reasonable accommodations for applicants and employees.
Senior Quantitative Risk Analyst, Risk Analytics TLNT1_NI in Belfast employer: IrishJobs
At AIB, we pride ourselves on fostering a collaborative and inclusive work culture that empowers our employees to thrive. With a strong commitment to professional development, our hybrid working model offers flexibility while ensuring meaningful contributions to the financial stability of our customers and communities. Join us in Dublin, Belfast, London, or Northampton, where you will benefit from a market-leading pension scheme, healthcare options, and opportunities for personal growth within a supportive team environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Quantitative Risk Analyst, Risk Analytics TLNT1_NI in Belfast
✨Tip Number 1
Network like a pro! Reach out to current employees at AIB on LinkedIn or through mutual connections. Ask them about their experiences and any tips they might have for your application process. It’s all about making those connections!
✨Tip Number 2
Prepare for the interview by researching AIB's values and recent projects. Think about how your skills in quantitative risk analysis can align with their mission to put customers first and eliminate complexity. Show them you’re not just a fit for the role, but for the company culture too!
✨Tip Number 3
Practice your problem-solving skills! Be ready to tackle case studies or technical questions that may come up during the interview. Use examples from your past experience to demonstrate how you’ve successfully navigated challenges in model development or validation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining AIB and ready to take the next step in your career.
We think you need these skills to ace Senior Quantitative Risk Analyst, Risk Analytics TLNT1_NI in Belfast
Some tips for your application 🫡
Show Your Passion:When writing your application, let your enthusiasm for the role shine through! We want to see how your values align with ours at AIB, so don’t hold back on expressing why you’re excited about the opportunity.
Tailor Your CV:Make sure your CV is tailored to the Senior Quantitative Risk Analyst position. Highlight relevant experience in model development and risk analytics, and don’t forget to mention any programming skills that match the job description!
Be Clear and Concise:Keep your application clear and to the point. Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to see your qualifications and fit for the role.
Apply Through Our Website:Remember to apply through our careers page! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to navigate!
How to prepare for a job interview at IrishJobs
✨Know Your Models Inside Out
As a Senior Quantitative Risk Analyst, you'll be expected to have a solid grasp of credit risk models like PD, LGD, and EAD. Brush up on your knowledge of these models and be ready to discuss how you've applied them in previous roles. This will show your technical expertise and readiness for the challenges at AIB.
✨Showcase Your Stakeholder Engagement Skills
AIB values collaboration, so be prepared to share examples of how you've engaged with stakeholders in the past. Highlight instances where your analytical outputs influenced decision-making or improved processes. This will demonstrate your ability to work as part of a team and your commitment to putting customers first.
✨Demonstrate Your Problem-Solving Prowess
Expect questions that assess your problem-solving skills. Prepare to discuss specific challenges you've faced in model development or validation and how you overcame them. Use the STAR method (Situation, Task, Action, Result) to structure your answers and make them impactful.
✨Familiarise Yourself with AIB's Values
AIB has a strong culture built on values like fairness, respect, and collaboration. Research these values and think about how they align with your own work ethic. Be ready to discuss how you embody these principles in your professional life, as this will resonate well with the interviewers.
