Senior Quantitative Risk Analyst, Risk Analytics

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, an independent second line of defence that monitors, controls and supports risk-taking activities across AIB. The Risk Function provides advice and guidance in relation to risk while providing independent oversight and reporting on AIB's risk profile. The main objective is to ensure AIB has a robust risk management framework and culture in place so risks are taken within the risk appetite set by the Board, supporting 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 Probability of Default (PD), Loss Given Default (LGD) and 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, and the estimation and back testing of models.
• 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 have 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.
• Advanced level of SAS or SQL programming - an equivalent level in an alternate programming language would also 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 decisions 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.

• Variable Pay
• Employee Assistance Programme
• Family leave options

Capabilities

• Ensures Accountability
• Develops & Empowers
• Data Analysis

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. Should you have a reasonable accommodation request please email the Talent Acquisition team at .

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.