Senior Quantitative Analyst - Credit Model Validation

What is the Role?

Reporting to the Credit Model Validation management team in the Second Line Assurance function, the role holder will be responsible for providing independent and robust challenge of the modelling teams and business areas in the bank to assure and improve the Bank's models. The risk models in scope are both Pillar 1 and Pillar 2, IFRS9 ECL models, and Economic capital and stress test methodologies in AIB Group to meet internal and external (generally regulatory) criteria.

The role requires a deep understanding of statistical techniques and data analytics tools to review and challenge the models being used within the Bank.

You will lead projects within the Model Validation function and work with and coach junior team members to deliver projects and actively seek opportunities to learn from other team members and to grow within the role.

Key Accountabilities

• Lead and deliver assigned validation activities, per methodology and standards, while also taking accountability for your work and for the work of analysts assigned to your management or working alongside you.
• Be responsible for the quality of validation outputs and be able to clearly explain any validation findings to the managers within the team, making clear the areas of identified weakness or limitations within the model.
• Be accountable for providing robust challenge to the Model Development teams, forming an independent opinion of the appropriateness of the model.
• Support the Validation management team when responding to queries with internal & external parties, principally Group Internal Audit (GIA) and the Central Bank of Ireland (CBI) and Joint Supervisory Team (JST).
• Demonstrate an ability to prioritise tasks where multiple tasks are assigned.
• Demonstrate an ability to be flexible and adapt in a changing environment.

What you Will Bring

• Relevant third level qualification or post graduate qualification in an analytical discipline, e.g., statistics, actuarial science, financial mathematics, or econometrics.
• 3+ years' experience in a quantitative analytics role (credit risk analytics experience is preferred).
• A good knowledge of the regulatory and accounting environment as it applies to credit risk, including at least one of the following - IRB or IFRS9. Experience in the EU implementation of these rules is preferred.
• Experience in applying statistical tools and techniques in the management of credit risk in a bank to help the team to ensure that models and data driven decisions are robust and can be relied upon.
• A natural inclination to challenge established ways of thinking and an ability to articulate your opinion.
• Strong knowledge and professional experience of analytics languages. SAS is a requirement, SQL is an advantage.

Benefits

• Variable Pay
• Employee Assistance Programme
• Family leave options

Key Capabilities

• Ensures Accountability
• Eliminates Complexity
• Depth of Technical Knowledge
• Legal, Regulatory & Compliance
• Communication

Equal Opportunity Statement

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 .