Head of Stress Testing & Economic Capital, Dublin

Date: 11-May-2022

Location: Dublin, IE

Company: Allied Irish Bank

Role Title: Head of Stress Testing & Economic Capital

Location: Hybrid working – office in Molesworth Street, Dublin 2

This role is being offered on a permanent basis.

Summary of role:

The Risk Function 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.  

The role is positioned within the Risk Analytics team where we develop and support the deployment of risk models, strategies and decision tools for regulatory capital, internal capital and business decision making.

The Stress Testing & Economic Capital team is accountable for the design, delivery and ongoing maintenance of Pillar 2 credit risk measurement models for use in the ICAAP, EBA Stress Test, and other internal capital forecasting exercises. These models are used to determine the Bank’s internal capital requirements as well as inform strategic planning. The team further supports the business through analysis into the impact of particular risk drivers on customer, such as throughout the Covid lockdown, interest rate sensitivities, climate risk, etc.


The Head of the Stress Testing & ECAP Team reports into the Head of Risk Analytics.

We’re looking for someone who:

  • Managing teams involved in the for the design, delivery and ongoing maintenance of Pillar 2 credit risk measurement models, coaching them in the development of technical skills as well as demonstration of core behavioural competencies;
  • Leading the development and refinement of processes and methodologies required to deliver these models and ensuring they are embedded within the development team;
  • Presenting to senior stakeholders on key modelling decisions, outputs and insights using an evidence based approach and robust modelling techniques;
  • Engaging with regulatory bodies and internal second and third line of defence assurance teams as part of the on-going cycle of review of our models;
  • Stakeholder engagement: Work with stakeholders across the Business, Finance and Risk to ensure that the Pillar 2 models can facilitate business needs while meeting regulatory requirements and provide enhancements to the application of risk management within the Bank;



Who are we?

  • We’re AIB. A strong Irish bank packed with purpose - to back our customers to achieve their dreams and ambitions. That goes for our employees too – everything starts with you. We’re made of small teams where you have the chance to shine, so whoever you are, whatever you dream of, we back you.

Why join us?

  • We are excited about how we have changed our focus. We want to be at the heart of our customers’ financial lives by giving them an exceptional experience. We are building a culture that breaks the conventions of what our customer and employees expect of a bank.


  • In AIB, we are currently transitioning to our Hybrid Model and teams who have been working remotely are now returning to the office 2 days per week.  We intend to progress our fuller hybrid working plans in the coming months, where onsite days are focused on purposeful attendance, prioritising time to collaborate, connecting with our teams and wider colleagues.

Does this sound like something that you want to be part of?

You will need to show us that you can/have:

  1. 10 years’ experience in a model development or model validation role. 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.);
  2. Ideally have Advanced level of SAS or SQL programming – an equivalent level in an alternate programming language would be considered (e.g. R, Python, Matlab);
  3. Strong understanding of commercial dynamics in Banking as well as regulatory and financial reporting.
  4. Experience writing technical documents that meet internal and regulatory standards. Experience in engagement with regulatory or audit bodies;
  5. Experience in leading a team of model developers. Proven ability to build relationships and communicate with key stakeholders;
  6. Curiosity and inventiveness. Strong problem solving skills with capability to defend their decisions from challenge both on a technical and business front.

If you feel you have what it takes, Click Apply and fill in the online application form. If you would like more information the Talent Acquisition Team can help. You can contact them via email careers@aib.ie.

By when? Closing date is 27th May 2022

Job Segment: Engineer, Bank, Banking, Developer, Law, Engineering, Finance, Technology, Legal