Operational Risk Analyst

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Location/Office Policy: Dublin, Belfast, London, Northampton(Hybrid – 2 days per week in the office, moving to 3 days per week from Jan 2026)

What Is The Role

This role is positioned within the Economic Capital, Stress Testing and Climate team in Risk Analytics as an Operational Risk Analyst.

In Risk Analytics, we develop and support the deployment of risk models, strategies and decision tools for regulatory capital, internal capital and business decision making.

Risk Analytics is part of the Risk Function, this 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.

This role is in the Stress Testing, ECAP & Climate Team in Risk Analytics. The Stress Testing & Economic Capital team within Risk Analytics is responsible for assessing the impact of credit risk on the bank’s balance sheet under a range of macroeconomic forecasts to support the ICAAP. Credit Risk is a key risk for AIB, and its forward-looking models play a critical role in a range of strategic initiatives in the bank.

Key Accountabilities

- Development of Risk models and Strategies to support business decision making, estimation of Regulatory and Economic Capital, estimation of Expected Credit Loss for both best estimate and Stress scenarios in line with internal development standards and policies. This includes but is not limited to: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) models, Loss distribution Approach (LDA) and Operational Risk modelling;
- Performing exploratory and ad-hoc data analysis to generate meaningful customer or portfolio insights;
- Contributing to the standards, methodologies and toolsets required to perform analytic activities;
- Design of model methodology and automation of model development processes;
- Extracting, transforming, and cleaning the data required for modelling and analysis purposes;
- Engaging with customer facing Business teams to understand how our analytic outputs can support their decision making.
- Credit & Operational Risk are dynamic, ever-evolving fields; 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, 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.

What You Will Bring

- 3 years’ experience in a model monitoring, model development or model validation role. Examples include: Ideally Stress testing or economic capital modelling, operational risk modelling, IRB, IFRS 9; loss forecasting, propensity modelling; or a combination thereof.
- 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.);
- Ideally have advanced level of SAS or SQL programming – an equivalent level in an alternate programming language would be consider (e.g. R, Python, Matlab). Advanced experience in extracting, transforming, and cleaning data for modelling purposes;
- Familiarity with data visualisation tools such as QlikView, Power BI, SAS VA or Tableau;
- Strong ability to build relationships and communicate with key stakeholders; Curiosity and inventiveness. Good problem solving skills with capability to defend their decisions from challenge both on a technical and business front.
- Experience in regulatory reporting like COREP, EBA Stress test for operational risk will be advantageous.
- Direct experience with Operational Risk modelling is advantageous.

A Reminder of What We Offer

We are committed to offering our colleagues choice and flexibility in how we work and live and 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.

Some of our benefits include;

- Variable Pay
- Employee Assistance Programme
- Family leave options

Please clickherefor further information about AIB’s PACT – Our Commitment to You.

Key Capabilities:

- Ensures Accountability
- Develops & Empowers
- Data Analysis

If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the Recruiter for this role, Aisling Fitzpatrick, at careers@aib.ie for a conversation.

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 are committed to providing reasonable accommodations for applicants and employees. Should you have a reasonable accommodation request please email the Talent Acquisition team at careers@aib.ie

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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