Stress Testing Analyst

Role:  Stress Testing Analyst 

Location: Burlington Road, Dublin

This role is being offered on a Permanent basis.

The Team 

The Risk Analytics Department is a central function within AIB with the remit to develop strong credit 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 decisions, a safe lending and borrowing environment, and efficient use of our shareholders’ capital with sustainable returns.

As an advanced analytics team, we are passionate about driving insight and value from data. The team works across a spectrum of activities including data mining, visual analytics, time series modelling, regression modelling, machine learning, and pattern recognition. We value innovation and creativity and this role presents a great opportunity for any analyst who has the capability to approach a business problem in an innovative way, identify and build a great solution, and communicate the outputs of that work across the business.

The Stress Testing Execution team runs credit models used for multi-year financial planning and monitoring resilience to downturns in the economic environment (i.e. stress testing).

We’re looking for someone who:

• Engaging with business units to understand their future lending strategies and how they affect estimated credit losses.
• Projecting expected and stressed loan losses, and associated capital requirements using internally developed models.
• Preparation of results presentations to facilitate the challenge required to ensure all estimates are consistent and robust.
• Delivery of final results for use by internal and external stakeholders, for example as part of the ICAAP process, or in EBA stress tests.
• Further development of internally developed econometric models used to estimate key financial metrics, for example defaults rates, prepayment rates, etc.;
• Training and managing the day to day tasks of junior team members.
• In short, the successful candidate for this role will be primarily focussed on delivering sensible projections of the Bank’s credit portfolio using internally developed models. The ideal candidate will also contribute to the on-going development and enhancement of the Bank’s models.

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. We’re made of small teams where you have the chance to shine.

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.

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

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

• A bachelor’s degree (2.1 or higher) in accounting, finance, economics or a quantitative analytical discipline such as mathematics, applied mathematics, physics, statistics, engineering;
• 3+ years’ experience working with cross-functional teams (i.e. analysts and business);
• Experience contributing to financial reports;
• Experience in results presentation and communication (e.g. through PowerPoint presentations, reports, memos etc.) with a proven ability to articulate complex concepts/results in simple language;
• Any background of SAS or SQL programming for reporting or modelling (equivalent programming language) would be beneficial;
• Reasonable knowledge of European regulatory and/or accounting standards in respect of at least one of IRB, IFRS 9, loss forecasting, stress testing and/or economic capital modelling would be advantageous.

Please note: The Minimum Education requirements for entry to AIB is 5 passes in the Leaving Certificate (or equivalent), to include a pass in English and Maths. These must be achieved at either Ordinary or Honours Level. Confirmation of this will be sought if successful for the role.

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 on 01-6415969 or email careers@aib.ie.