Model Specialist- Quantitative focussed

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

Role: Model Specialist- Quantitative focussed

Location:  Dublin, Cork, Galway, or Waterford Hubs

Summary of role:

Group Internal Audit (GIA) is not your typical audit function. We’re on an ambitious journey to create the best function we can for AIB and our people.  Through our audit charter, we operate independently as the third line of defence to provide assurance to our stakeholders on the adequacy and effectiveness of AIB and its subsidiaries, governance, risk management and internal control environment.

Most importantly, we believe that great people are the key to our success. This is why we work hard to build a team of empowered individuals who are driven to excel through collaboration, inclusion and diversity; embracing the unique strengths and insights everyone brings.

We are a group of 90+ professionals operating in Ireland and the UK, who always aim for the highest quality. To get the best from our people we support and embrace flexible working arrangements to provide an empowering environment where people get the job done through managing their own time.

GIA is now seeking applications from ambitious professionals who are keen to pursue an opportunity as an audit manager specialising in model risk with a focus on quantitative modelling elements. 

Key Accountabilities

• Lead comprehensive audits of risk models, with a particular focus on Internal Ratings-Based (IRB) models, including regulatory capital, probability of default (PD), loss given default (LGD), exposure at default (EAD), credit risk rating systems, stress testing, IFRS9 and other material credit and financial risk models.
• Maintain and continually develop a deep understanding of IRB regulatory requirements,  model risk management frameworks, and evolving supervisory expectations, including ECB, EBA, PRA and CRR requirements applicable to model design, validation, governance, monitoring, and use.
• Provide robust challenge and independent assurance over the effectiveness of model governance, model development, validation activities, performance monitoring, and regulatory compliance across the model lifecycle.
• Engage with, and influence, senior stakeholders on internal audit findings, remediation actions, and opportunities to strengthen the control environment and model risk management framework.
• Build and maintain a strong internal and external network, leveraging industry developments, regulatory insights, and peer practices to drive continuous improvement in audit methodology and model risk coverage.
• Represent GIA at internal governance forums, model oversight committees, and external engagements, including regulatory meetings and inspections, presenting audit conclusions and insights as required.
• Produce and oversee clear, comprehensive and evidence-based audit documentation that supports findings and recommendations.
• Lead, coach, and develop a team of quantitative risk auditors and analysts with varying levels of experience, fostering technical excellence in model risk auditing.
• Contribute to the development of the Internal Audit strategy and annual audit plan, ensuring appropriate coverage of key model risk areas, including IRB models, model change activity, regulatory developments, and emerging risks.

What you Will Bring  

Please note that the following criteria form the basis of your answers on the application form.

• Relevant third level or postgraduate qualification in an analytical discipline (e.g. mathematics, statistics, computer science);
• 5 years+ experience in model development and/or model validation, particularly in relation to credit/financial risk models including those subject to regulatory requirements e.g. Capital Requirement Regulations (CRR);
• Experience with SAS or SQL programming;
• Excellent oral and written communication skills;
• Experience in leading a team of specialists including a focus on growth and improvement combined with a desire to share and contribute to the development of junior auditors;
• An understanding of regulations relating to internal models e.g. EBA Guidelines on Model Risk, CRR; and
• A strong track record of interaction and collaboration with an array of stakeholders, preferably including regulatory engagement, at all levels with track record of delivery against multiple competing objectives.

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

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:

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

• Depth of technical knowledge – Effectively leverages technical knowledge in area of expertise and partners with others to produce solutions and facilitate improved performance and/or optimal/improved outcomes
• Communication – Communicates with clarity and precision, presenting complex information in a concise format that is audience appropriate;
• Business partnerships and consulting – Establishes working relationships with stakeholders in order to establish trust;
• Performs & Transforms – Leads the delivery of impactful model risk audits while shaping the future direction of model risk assurance;
• Negotiation & Influence  – genuine two-way communication to achieve consensus and progress; and
• Develops & Empowers – develops talent to meet both their career goals and the organisation’s goals – sees talent as a critical organisational imperative.

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 careers@aib.ie  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 careers@aib.ie

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 : 30th July 2026