Role title: IRB Model Development Manager

Location: London

This role is being offered on a Permanent basis.

• Are you comfortable writing technical documents?
• Do you have strong stakeholder management Skills?

About 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 is in the IRB (Internal Rating Based Approach) 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.

This role reports into the Head of Specialised Lending IRB Model Development, and will play a leading role in the re-development of existing and new IRB models for specialised lending under the banks’ IRB rollout plan. You will work alongside teams based in the UK and in Dublin

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 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:

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;

Minimum Criteria

• 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 consider (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 - Empowering people to build a sustainable future. 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 accreditation from the Irish Centre for Diversity. We celebrate diversity and believe in a culture of inclusion where all our employees can succeed. We welcome applications from people of diverse backgrounds and abilities. 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.

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information please contact the Talent Acquisition Team at careers@aib.ie

By when?  Closing date is Wednesday 6th March 2024

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.