Junior Quantitative Analyst, Dublin

3 weeks ago

Dublin, Dublin City, Ireland Allied Irish Banks Full time

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Location: Molesworth Street, Dublin (Hybrid)

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

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.

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 customers and employees expect of a bank.

About the Role:

The Risk Analytics Department is a central function within Risk in AIB, consisting of professional quantitative analysts 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 credit 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.

Risk Analytics operates within the wider Risk function in AIB and provides advanced statistical analysis to help inform the Bank in risk-based decision making, and ensuring that the Bank operates in accordance with European banking regulations. This covers a wide range of asset classes, such as International Corporate, Retail, Commercial Real Estate, SME, Sovereign and inter-bank lending.

As an analyst working in Risk Analytics, your projects could include, but are not limited to:

  • Point-in-time performance analysis for loss provisioning.
  • Long-term ("through-the-cycle") economic capital analysis.
  • Algorithms for automated lending decisioning.
  • Macroeconomic scenario forecasting and stress testing.
  • Simulations of the macroeconomy for systematic risk.
  • Long-term studies on the effect of Climate Change on credit risk and sustainability.
  • Estimation of risk-based loan pricing.
  • Development of behavioural and portfolio models to support business decision making and estimation of credit movements in line with IFRS9, IRB and stress testing standards and internal development policies. This includes but is not limited to: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) models.
  • Performing segmentation analysis and calibration of models.
  • Contributing to the standards and methodologies required to deliver these models.
  • Extracting, transforming, and cleaning the data required for modelling.
  • Engaging with customer facing Business to understand how our models can support their decision making.

Credit risk is a dynamic, ever-evolving field and working for Risk Analytics will place you at the vanguard of quantitative risk analysis, regularly implementing the latest published methodologies and creating bespoke in-house solutions to challenging problems, as part of an experienced team where you will receive support and training to help you reach your potential.

As an analyst working in Risk Analytics for a pillar bank in Ireland, your work will make a tangible impact on the stability and performance of AIB and the wider financial system.

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

Key Responsibilities Include:

  • Analysis and Investigation: Undertake various complex data analyses, investigations and/or modelling of business issues to improve the management, services and products of the bank.
  • Predictive Model Development: Take a role in building predictive models that are focussed on impacting core business elements, such as capital requirements and loss expectations.
  • Data Insights: Perform in exploratory and ad-hoc data analysis with a view to generating insights and using this to deliver actionable recommendations to the Business.
  • Risk Segmentation Analysis: Creating segmentations that allow us to better understand the risks present in our lending portfolio and what we can do to better manage the risks.

What you will bring:

  • On track to achieve a 2.1 or higher in a bachelor's degree and/or master's degree in a quantitative analytical discipline e.g. mathematics, applied mathematics, financial mathematics, physics, statistics, engineering, econometrics, actuarial science. (Confirmation will be sought if successful for the role).
  • Have experience with SQL programming - an understanding of alternate programming languages would be beneficial (e.g. R, Python, Matlab).
  • Curiosity and inventiveness.
  • Can show problem solving skills with capability to defend their decisions from challenge.
  • Due to graduate in 2024.

Life at AIB

At AIB, we have a clear purpose - Empowering people to build a sustainable future. We want to be at the heart of our customers' financial lives by giving them an exceptional experience. That goes for our employees too.

We are building a culture that breaks the conventions of what our customer and employees expect of a bank.

We are committed to offering our colleagues choice and flexibility in how we work and live. 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. More details on our hybrid working arrangements and expected office attendance for your role will be provided to you during the recruitment process.

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 celebrate diversity and believe in a culture of inclusion where all our employees can succeed. We welcome applications from people of diverse backgrounds and abilities. 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 .

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information please contact the Talent Acquisition Team at

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.

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