IRB Risk Senior Quantitative Analyst, London.

Allied Irish Banks; London; Hybrid; GBP 45,000 - 85,000; Full time

Job summary

An established industry player is seeking a talented individual to join their Risk Analytics Department. In this pivotal role, you will lead the development of predictive credit risk models, ensuring the bank's compliance with regulatory capital requirements. Collaborating closely with teams across the UK and Dublin, you will provide insights that drive business decisions and enhance risk management practices. This position offers the opportunity to mentor junior data scientists and contribute to a multi-year redevelopment of critical models. If you are passionate about data and risk analytics, this is an exciting opportunity to make a significant impact in a dynamic environment.

Benefits

Variable Pay

Employee Assistance Programme

Family leave options

Qualifications

• Expertise in developing predictive models for credit risk.
• Strong analytical skills with a focus on data insights.

Responsibilities

• Lead the development of predictive models for credit risk assessment.
• Guide junior data scientists in complex data analyses.

Skills

Predictive Model Development

Data Analysis

Risk Management

Statistical Modelling

Data Cleaning

Leadership

Exploratory Data Analysis

Education

Degree in Data Science, Mathematics, or related field

Tools

Statistical Software

Data Visualization Tools

Job description

Location/Office Policy: St. Marys Axe, Greater London / Hybrid

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 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 is in Specialised Lending IRB Model Development team 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 Accountabilities:

• Analysis & Investigation: Undertake and guide junior data scientists 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.
• Predictive Model Development: Take a leading role in building predictive models that are focussed on impact core business elements, such as automated decisioning, capital requirements and loss expectations.
• Data Insights: Perform and guide junior data scientists in exploratory and ad-hoc data analysis, with a view to generating insights and using this to deliver actionable recommendations to the business.
• 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.
• Leadership: Mentoring and guidance for junior data scientists. Also, there will be responsibility for reviewing work carried out by junior team members.

What You will Bring:

• Ability to develop 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.
• Performance of exploratory and ad-hoc data analysis to generate meaningful customer or portfolio insights.
• Contributing to the standards, methodologies and toolsets required to perform analytic activities.
• Extracting, transforming, and cleaning the data required for modelling and analysis purposes.
• Engaging with customer facing Business teams to understand how our analytic outputs can support their decision making.

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:

• Ensures Accountability: Holding self and others accountable to meet commitments.
• Collaborates: Building partnerships and working collaboratively with others to meet shared objectives.
• Develops Talent: Developing people to meet both their career goals and the organization’s goals.
• Data Analysis: Collects, analyses, and interprets data to reach conclusions and/or present insights and findings.
• Financial/Credit Modelling: Develops financial or statistical models to test hypotheses and understand the potential impacts of risk under various scenarios.
• Numerical Competence: Demonstrates knowledge of mathematics principles (e.g., statistical analysis and modelling) to complete work and solve problems.

If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the Talent Acquisition at [e-mail] 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 [e-mail].

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.

Closing Date: Friday 10th January 2025