Operational Risk Analyst

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, 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 analytic outputs can support their decision making;

Credit & Operational Risk are dynamic, ever-evolving fields; working for Risk Analytics places you at the vanguard of quantitative risk analysis, regularly implementing the latest methodologies and creating bespoke in-house solutions. You will receive support and training as part of an experienced team to help you reach your potential;

As an analyst 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: 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.)

Advanced level of SAS or SQL programming; an equivalent level in an alternate programming language (e.g. R, Python, Matlab) is considered. 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 the ability to defend decisions from challenge both on technical and business fronts.

Experience in regulatory reporting like COREP, EBA Stress test for operational risk will be advantageous.

Business analysis experience desirable.

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; our hybrid working model enables balance between working from home and the designated office, subject to role, customer needs and business requirements.

Benefits include:

Market leading Pension Scheme

Healthcare Scheme

Variable Pay

Employee Assistance Programme

Family leave options

Two volunteer days per year

Please click here for further information about AIB’s PACT – Our Commitment to You.

Key Capabilities

Ensures Accountability

Collaborates

Develops & Empowers

Data Analysis

Risk Modelling & Scenario Analysis

Statistical Modelling

If you are unsure about your suitability based on any aspects of the role, please contact the Recruiter for this role, Aisling Fitzpatrick, at careers@aib.ie for a conversation.

AIB is an equal opportunities employer. 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 CVs 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.

Application deadline : 5th November 2025

Seniority level

Not Applicable

Employment type

Full-time

Job function

Finance and Sales

Industries

Banking and Financial Services

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