Quantitative Analyst - Credit Model Validation

Allied Irish Banks; Dublin; Hybrid; EUR 55,000 - 75,000; Full time

Job summary

Allied Irish Banks is seeking an analytical professional to join the Credit Model Validation team in Dublin. The role focuses on independent challenge of Pillar 1 and IFRS9 ECL models, with exposure to regulatory guidelines and economic capital methodologies.

The successful candidate will use statistics and data analytics to review models, deliver validation activities, and collaborate with risk teams to enhance model robustness and compliance.

Qualifications

• Relevant third level qualification or post-graduate qualification in an analytical discipline, e.g. mathematics, applied mathematics, physics, statistics, engineering, econometrics, actuarial science;
• 1+ years’ experience in a quantitative analytics role (credit risk analytics experience is preferred);
• 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 a distinct advantage;
• Experience in applying statistical tools and techniques in a practical setting to help the bank in ensuring 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;
• Good knowledge and professional experience of analytics languages. SAS is a requirement. SQL is an advantage. Knowledge of R or Python for statistical analysis is also be considered beneficial.

Responsibilities

• You will use statistical techniques and data analytics tools to review and challenge the models being used within the Bank.
• You will assist in providing robust challenge to the model development teams and business areas in the Bank, helping to form an independent opinion of the appropriateness of the models to ensure the models are robust and compliant with regulations and policies.
• Deliver assigned validation activities, per methodology and standards and European Banking Regulatory Guidelines (CRR, EBA Guidelines etc.), while also taking accountability for your work.
• Demonstrate an ability to prioritise tasks in order to meet deadlines.
• Demonstrate an ability to be flexible and adapt in a changing environment, while actively seeking opportunities to learn and grow within the role.

Skills

Statistical analysis

Data analytics

Problem solving

Communication

Education

Bachelor's degree in analytical discipline

Tools

SAS

SQL

R/Python

Job description

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At AIB, our values guide how we work and how we support each other. We’re looking for someone who puts Customer First, takes initiative and Owns the Outcome, and is always looking for ways to Eliminate Complexity. You’ll treat colleagues and customers with fairness and Show Respect, and you’ll thrive in a culture built on collaboration where we Be One Team to deliver meaningful impact.

Location/Office Policy: Office Centric Hybrid (3 days per week in office location) – Dublin

• Are you an analyst with over 1 years’ experience who is seeking to progress in their career?
• Do you want to be part of a diverse team of quantitative risk analysts?
• Are you interested in how Data & Analytics can be used to enhance and assurance the bank’s credit risk models?

What is the role?

Reporting to the Credit Model Validation management team in the Risk Assurance & Validation function, the role holder will be responsible for helping to provide 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 an understanding of statistical techniques and data analytics tools to review and challenge the models being used within the Bank. You will participate in projects within the Model Validation function and work with team members to deliver projects and actively seek opportunities to learn from other team members and to grow within the role.

Key accountabilities

• You will use statistical techniques and data analytics tools to review and challenge the models being used within the Bank.
• You will assist in providing robust challenge to the model development teams and business areas in the Bank, helping to form an independent opinion of the appropriateness of the models to ensure the models are robust and compliant with regulations and policies.
• Deliver assigned validation activities, per methodology and standards and European Banking Regulatory Guidelines (CRR, EBA Guidelines etc.), while also taking accountability for your work.
• Demonstrate an ability to prioritise tasks in order to meet deadlines.
• Demonstrate an ability to be flexible and adapt in a changing environment, while actively seeking opportunities to learn and grow within the role.

What you will bring

• Relevant third level qualification or post-graduate qualification in an analytical discipline, e.g. mathematics, applied mathematics, physics, statistics, engineering, econometrics, actuarial science;
• 1+ years’ experience in a quantitative analytics role (credit risk analytics experience is preferred);
• 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 a distinct advantage;
• Experience in applying statistical tools and techniques in a practical setting to help the bank in ensuring 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;
• Good knowledge and professional experience of analytics languages. SAS is a requirement. SQL is an advantage. Knowledge of R or Python for statistical analysis is also be considered beneficial.

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

Key Capabilities

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

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]

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.