Senior Quantitative Analyst - Credit Model Validation

Allied Irish Banks; Dublin; Hybrid; EUR 70,000 - 100,000; Full time

Benefits offered by this job

Variable Pay

Employee Assistance Programme

Family leave options

Job summary

Allied Irish Banks (AIB) is seeking an experienced analyst for its Risk Assurance & Validation function to independently challenge modelling teams and improve the bank’s credit risk models, including IFRS9 ECL, Pillar 1 and Pillar 2 and economic capital methodologies.

The role requires strong statistical skills and data analytics, with SAS as a must, and SQL as an advantage. You will lead validation projects and coach junior analysts, contributing to robust governance and regulatory compliance.

Qualifications

• Third level qualification in an analytical discipline (statistics, actuarial science, financial mathematics, econometrics).
• 3+ years’ experience in a quantitative analytics role (credit risk analytics preferred).
• Knowledge of regulatory and accounting environment for credit risk (IRB or IFRS9) in EU preferred.
• Experience applying statistical tools to credit risk modelling in banking to ensure robust data-driven decisions.

Responsibilities

• Lead validation activities per methodology and standards, with accountability for your work and that of analysts.
• Explain validation findings clearly to managers, identifying weaknesses or limitations in the model.
• Provide robust challenge to Model Development teams and form independent opinions on model adequacy.
• Support responses to queries from internal and external parties (GIA, CBI, JST) and manage multiple tasks.
• Demonstrate flexibility and ability to adapt in a changing environment.

Skills

Statistical analysis

Data analytics

Credit risk knowledge

Problem solving

Communication

Education

Analytical discipline degree (statistics, actuarial science, financial mathematics, econometrics)

Tools

SAS

SQL

Job description

Select how often (in days) to receive an alert: Create Alert

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.

• Are you an experienced analyst who is seeking to progress in their career?


• Do you want to be part of a diverse team of quantitative risk analysts?


• Do you want to use your experience in credit risk validation or modelling 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 (RAV), the role holder will be responsible for providing 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 a deep understanding of statistical techniques and data analytics tools to review and challenge the models being used within the Bank.

You will lead projects within the Model Validation function and work with and coach junior team members to deliver projects and actively seek opportunities to learn from other team members and to grow within the role.

Key accountabilities

• Lead and deliver assigned validation activities, per methodology and standards, while also taking accountability for your work and for the work of analysts assigned to your management or working alongside you.


• You will be responsible for the quality of validation outputs and will be able to clearly explain any validation findings to the managers within the team, making clear the areas of identified weakness or limitations within the model.


• You will be accountable for providing robust challenge to the Model Development teams, forming an independent opinion of the appropriateness of the model.


• Support the Validation management team when responding to queries with internal & external parties, principally Group Internal Audit (GIA) and the Central Bank of Ireland (CBI) and Joint Supervisory Team (JST).


• Demonstrate and ability to prioritise tasks where multiple tasks are assigned.


• Demonstrate an ability to be flexible and adapt in a changing environment.

What you Will Bring;

• Relevant third level qualification or post-graduate qualification in an analytical discipline, e.g., statistics, actuarial science, financial mathematics, or econometrics.


• 3+ years’ experience in a quantitative analytics role (credit risk analytics experience is preferred).


• A good 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 preferred.


• Experience in applying statistical tools and techniques in the management of credit risk in a bank to help the team to ensure that 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.


• Strong knowledge and professional experience of analytics languages. SAS is a requirement, SQL is an advantage.

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

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, Nicole Pasquetti, 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]

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.