Model Specialist, Group Internal Audit, Dublin/ Regional Hub

Date: 22-Nov-2022

Location: Dublin, IE

Company: Allied Irish Bank

Role: Model Specialist, Group Internal Audit

 

Location: Dublin/ Regional Hub with Hybrid working,

 

This role is being offered on a permanent, full time basis.

 

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. Therefore, 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 70+ 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.  


As an Audit Manager, you will:

  • Lead a team of model risk experts in delivery of a high-quality internal audit, and associated report, within defined timelines.
  • Maintain an up-to-date knowledge of key regulations relating to model risk for all model types in operation in AIB, including IRB models and ensure AIB GIA meets regulatory expectations in relation to our audit approach for IRB and other models.
  • Develop a model risk audit strategy, and audit plan, to allow Group Internal Audit provide adequate assurance of the controls in place to mitigate this risk.
  • Act as a model risk SME in GIA by demonstrating experience of model use and interpretation in the context of banking risks.  Strong understanding of IRB, financial and stress testing models; and
  • Engage with regulators as required as part of the Internal Model Investigations of IRB models including, representing AIB GIA at steering and working groups during regulatory inspections.


We’re looking for someone who:

  • 3 years+ experience in model development or model validation experience, particularly in relation to credit/financial risk models.
  • Relevant third qualification level or postgraduate qualification in an analytical discipline e.g. mathematics, applied mathematics;
  • Experience with SAS or SQL programming.
  • Experience in leading a team of specialists.
  • An understanding of regulations relating to internal models e.g. EBA Guidelines on Model Risk, CRR; and
  • 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.

 

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 have:

  • 3 years+ experience in model development or model validation experience, particularly in relation to credit/financial risk models.
  • Relevant third qualification level or postgraduate qualification in an analytical discipline e.g. mathematics, applied mathematics;
  • Experience with SAS or SQL programming.
  • Experience in leading a team of specialists.
  • An understanding of regulations relating to internal models e.g. EBA Guidelines on Model Risk, CRR; and
  • 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.

 

 

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information Noelle Ryan from the Talent Acquisition Team can help. You can contact her by email careers@aib.ie.

 

By when?  Closing date is 6th December 2022


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