IRB Model Development Manager, London

Role title:
IRB Model Development Manager

Location:
London

-Are you comfortable writing technical documents?
-Do you have strong stakeholder management Skills?
-Do you have experience in Model development?

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 reports into the Head of Specialised Lending IRB Model Development, 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

-Predictive model development:
Take a leading role in building predictive models that are focussed on impacting core business elements, such as automated decisions, capital requirements and loss expectations.
-Leadership:
Manage a team of quantitative analysts, coaching them in the development of technical skills as well as demonstration of core behavioural competencies;
-Analysis & investigation:
Undertake and guide junior quantitative analysts 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;
-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;
-Stakeholder engagement
: Work with stakeholders across the Business, Finance and Risk and act as a conduit for delivering solutions to business problems.

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.

Key Capabilities

Please note that the capabilities will only be asked at interview stage.

-Collaborates: Building partnerships and working collaboratively with others to meet shared objectives;
-Develops talent: Developing people to meet both their career goals and the organisation's goals;
-Technical Leadership: Provides thought leadership and direction while managing, reviewing and conducting the day-to-day work. Applies knowledge to develop solutions to problems.
-Strategic mind-set: Seeing ahead to future possibilities and translating them into breakthrough strategies;
-Manages ambiguity: Operating effectively, even when things are not certain or the way forward is not clear.
-Credit Risk Modelling: Develops financial or statistical models to test hypotheses and understand the potential impacts of risk under various scenarios.

What you will bring:

We're looking for someone who would be interested in:

-Development of 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;
-Managing a team of quantitative analysts
-Engaging with customer facing Business teams and leading workshops to understand how our analytic outputs can support their decision making.
-Extracting, transforming, and cleaning the data required for modelling and analysis purposes;
-Engaging with regulatory bodies as part of the on-going cycle of regulatory review of our models
-Contributing to the standards, methodologies and toolsets required to perform analytic activities;

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 Apply the Talent Acquisition team at
internal.selectionaib.ie
or
careersaib.ie

By when?
Closing date is Wednesday 23rd October 2024

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.

Are you comfortable writing technical documents?
-Do you have strong stakeholder management Skills?
-Do you have experience in Model development?

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