Senior Quantitative Risk Analyst, Risk Analytics

AIB Group; Dublin; Hybrid; EUR 80,000 - 110,000; Full time

Benefits offered by this job

Pension scheme

Healthcare scheme

Variable pay

Employee assistance programme

Family leave

Volunteer days

Job summary

AIB Group is seeking a Senior Quantitative Risk Analyst in Risk Analytics to lead the development of macroeconomic models for IFRS9 ECL components. You will work with stakeholders across the bank to ensure models capture risk dynamics and support regulatory and internal capital decisions.

The role offers hybrid work across Dublin and other offices, with opportunities to grow expertise in data science and risk modelling within a supportive team.

Qualifications

• Bachelor's degree in a quantitative discipline (2.1 or higher).
• 3+ years in model development or validation, IFRS9 preferred.
• Experience with IFRS9 and regulatory models is highly valued.
• Advanced SAS or SQL programming; other languages acceptable.
• Data extraction, cleaning and transformation for modelling tasks.
• Familiarity with data visualization tools (Power BI, Tableau, QlikView).

Responsibilities

• Lead development of macroeconomic models for ECL parameters (PD, LGD, EAD).
• Engage with stakeholders to ensure models capture risk dynamics.
• Design methodologies and automate model development processes.
• Extract, cleanse, and prepare data for modelling and back-testing.
• Collaborate with business teams to translate analytics into decisions.

Skills

Model development

IFRS9

SAS

SQL

Python

Data extraction

Data cleaning

Data visualization

Education

Bachelor's degree in quantitative discipline (2.1+)

Tools

SAS

SQL

Python

R

Matlab

Job description

Job Description

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: Dublin, Belfast, London, Northampton - Hybrid (3 days in office, 2 days remote)

Are you a problem solver, organised, proactive, pragmatic and an excellent team player? Are you seeking an opportunity to develop and grow your professional value in a dynamic Model Development Team?

This role is positioned within the IFRS9 Team in Risk Analytics as a Senior Quantitative Risk Analyst. In Risk Analytics, we developand 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, this is 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

• Minimum 3 years' experience in a model development or model validation role.
• For candidates from a model validation background, experience in Initial Validation for IFRS9 is required.
• For candidates from a model development background, focus on IFRS 9 is strongly preferred, though someone with a proven background in developing and delivering regulatory models will also be considered.
• 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.

Benefits

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

Capabilities: 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 & Empower Data Analysis Risk Modelling & Scenario Analysis Statistical Modelling

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

Application deadline: 17th June 2026