Senior Quantatitive Risk Analyst

Allied Irish Bank; City Of London; Hybrid; GBP 55,000 - 75,000; Full time

Job summary

A leading banking institution in London is seeking a Senior Quantitative Risk Analyst to join their IFRS9 Team in Risk Analytics. This role involves leading the development of credit risk models and engaging with stakeholders to ensure accurate risk assessment. Candidates should have a bachelor's degree in a quantitative field and at least 3 years of relevant experience. The position offers a hybrid working model, providing flexibility in work arrangements. Comprehensive benefits include a market-leading pension scheme and healthcare options.

Benefits

Market leading Pension Scheme

Healthcare Scheme

Variable Pay

Employee Assistance Programme

Family leave options

Two volunteer days per year

Qualifications

• 3 years' experience in model monitoring, model development or model validation.
• Advanced level of SAS or SQL programming; familiarity with R, Python, or Matlab.
• Strong relational and communication skills for stakeholder engagement.

Responsibilities

• Lead development of macroeconomic models for credit risk parameters.
• Engage with stakeholders to ensure models capture risk dynamics.
• Contribute to standards and methodologies for analytic activities.

Skills

Model monitoring

Model development

Model validation

SAS programming

SQL programming

Data visualization

Problem-solving

Education

Bachelor's degree in a quantitative analytical discipline

Tools

SAS

SQL

QlikView

Power BI

Tableau

Job description

Location/Office Policy

Dublin, London, Northampton, Belfast (Hybrid, 2 days per week in the office, moving to 3 days from 1st January 2026)

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 function that monitors, controls, and supports risk-taking activities across AIB. The purpose of the Risk Function is to provide advice and guidance in relation to risk while providing independent oversight and reporting on AIB's risk profile. The Risk Function's main objective is to ensure AIB has a robust risk management framework and culture in place to ensure risks are taken within the risk appetite set by the Board, in support of 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 but is not limited to: Probability of Default (PD), Loss Given Default (LGD), 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, as well as the estimation and back‑testing of models in support of same.
• 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 make 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. (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.
• 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 their decisions from challenge both 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.

Some of our benefits include:

• Market leading Pension Scheme
• Healthcare Scheme
• Variable Pay
• Employee Assistance Programme
• Family leave options
• Two volunteer days per year

Please click here for further information about AIB's PACT - Our Commitment to You.

As part of the selection process, the successful applicant will be expected to demonstrate the AIB Behaviours and ability in the Behavioural and Technical Capabilities reflected below

• Ensures Accountability
• Collaborates
• Develops & Empowers
• Data Analysis
• Risk Modelling & Scenario Analysis
• Statistical Modelling

Please note that the capabilities will only be asked at interview stage. If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the recruiter for this role, Sophie, at [e-mail] for a conversation.

AIB is an equal opportunities employer

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.

Application deadline

26th November 2025