Quantitative Analyst - Model Validation, Dublin

Date: 30-Jul-2022

Location: Dublin, IE

Company: Allied Irish Bank

Role Title: Quantitative Analyst – Model Validation

 

Career Level: Level 2

Career Family: Risk & Assurance

Core Job: Second Line Risk Analyst

Location: Molesworth Street, Dublin (Please note that all AIB are currently working remotely)

 

Is this role F&P impacted? No

Is this role MCC impacted? No                              

 

Vacancy Schedule:

Closing date for applications: 20th May

Expected shortlisting: week commencing 23rd May

Expected interviews: week commencing 30th May

Expected results: week commencing 6th June

 

Summary of role:

The Model Validation Team is the second line function responsible for the review and challenge related to credit and operational risk models used in the bank. As a quantitative analyst on the team you will work in a small team to deliver validations of IRB, IFRS9, Stress Testing, Economic Capital, Operational Risk and Credit Decision models.

 

We are looking for someone who:

  • Uses statistical techniques and data analytics tools to review and challenge the models being used within the bank;
  • Challenges the modelling teams and business areas in the bank to assure and improve the bank’s models;
  • Actively seeks opportunities to learn from other team members and to grow within the role;

 

AIB Brand Values

It is a given that the role holder will be a strong role model of the AIB Values:  Be One Team, Own the Outcome, Drive Progress, Show Respect, and Eliminate Complexity.

 

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

  1. Relevant third level qualification or Postgraduate qualification in an analytical discipline, e.g. mathematics, applied mathematics, physics, statistics, engineering, econometrics, actuarial science;
  2. At least 3  years’ experience in a quantitative analytics role, credit risk analytics experience is preferred but other relevant experience (e.g. market risk, fraud analytics, marketing analytics, statistician, economist) will also be considered;
  3. A  good knowledge of the regulatory environment as it applies to credit risk, including one of the following - IRB or IFRS9;
  4. A strong interest in applying statistical tools and techniques including a strong knowledge of analytics languages (e.g. SAS, R, SPSS, Matlab or Python) and SQL in a practical setting to help the bank in ensuring models and data driven decisions are robust and can be relied upon;
  5. A natural inclination to challenge established ways of thinking and an ability to articulate your opinion;

 

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.

 

Behavioural Capabilities

  1. Collaborates
  2. Instils Trust
  3. Streamline & Simplify

Technical Capabilities

  1. Data Analysis
  2. Knowledge of legal and regulatory requirements
  3. Technical Communication / Presentation

 

By submitting an application form for this position, you are confirming that you have had the relevant conversation with your manager.

 

Further information on this role is available from hiring manager Walter van Dijk at walter.a.van.dijk@aib.ie

 


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