IRB Model Development Manager, London / Belfast

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Full time
Location: Belfast
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Job offered by: Allied Irish Banks
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Category:
Location/Office Policy:

Marys Axe, Greater London / Belfast / Hybrid Are you passionate about quantitative analysis?

5+ years end-to-end IRB model development/validation experience, with at least 2 years in a non-retail/wholesale portfolio? Do you have strong stakeholder management skills? What is the Role:

The Risk Analytics Department is a central function within AIB with the remit to develop strong credit and financial risk measurement and decision-support throughout every aspect of our businesses and control functions. The outputs from Risk Analytics deliver optimal pricing for our customers, quick and convenient credit decisions, a safe lending and borrowing environment, and efficient use of our shareholders’ capital with sustainable returns. In addition, the teams regularly carry out ad-hoc analysis and assessments to support the business and any regulatory considerations of the ongoing appropriateness of the models and their outputs. This role reports into the Head of Specialised Lending IRB Model Development and will play a leading role in the development/re-development of new and existing IRB models (PD, LGD, EaD, slotting) for specialised lending portfolios under the banks’ IRB rollout plan. You will work alongside teams based in the UK and in Dublin. Key Accountabilities:

IRB model development:

Lead in end-to-end IRB model development projects which have wide applications, such as automated decisions, capital requirements and loss expectations. Analysis & Insights:

Lead various complex data analyses, investigations and/or modelling of business issues to improve the management, services, and products of the bank. Leadership & Talent development:

Manage a team of quantitative analysts, coaching them in the development of technical skills as well as demonstration of core behavioural competencies. Cross team collaboration:

Provide specialist advice to the business with an emphasis on the impact and application of risk management requirements. 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:

5+ years end-to-end IRB model development/validation experience, with at least 2 years in a non-retail/wholesale portfolio and strong knowledge of regulatory requirement on IRB model development. Good understanding of business context and portfolio dynamics in specialised lending portfolios. Strong engagement and communication skills across a wide range of audience, e.g. senior management, business and credit, policy, finance, and data teams. Leadership and coaching for senior analysts and analysts in the team. The passion and track record of driving to deliver modelling projects to a high standard and on time. 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: Variable Pay Employee Assistance Programme Family leave options Please click

here

for further information about AIB’s PACT – Our Commitment to You. Key Capabilities:

Collaborates:

Building partnerships and working collaboratively with others to meet shared objectives; Develops talent:

Developing people to meet both their career goals and the organisation’s goals; Technical Leadership:

Provides thought leadership and direction while managing, reviewing and conducting the day-to-day work. Applies knowledge to develop solutions to problems. Strategic mind-set:

Seeing ahead to future possibilities and translating them into breakthrough strategies; Manages ambiguity:

Operating effectively, even when things are not certain or the way forward is not clear. Credit Risk Modelling:

Develops financial or statistical models to test hypotheses and understand the potential impacts of risk under various scenarios. If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact

Conor Kearney at careers@aib.ie

for a conversation. 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 careers@aib.ie. Closing Date: 17th January 2025

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