Head of Non-IRB Model Development, Level 5, Dublin
3 weeks ago
Role: Head of Non-IRB Model Development
Location: Molesworth Street, Dublin 2
This role is being offered on a permanent, full-time basis.
About the Role:
The Risk Analytics Department is a central function within AIB with the remit to develop strong credit and financial 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. In addition, the teams regularly carry out ad-hoc analysis and assessments to support the business and any regulatory considerations of the ongoing appropriateness of the models and their outputs.
This role is in the Decision Analytics and Insights Model Development Team in Risk Analytics. They are responsible for the quantitative modelling used for decision automation, credit grading of standardised portfolios, and also the ongoing monitoring of IRB, credit grading, and auto decisioning models.
The head of Non-IRB Model Development reports into the head of Decision Analytics and Insights and is responsible for the development of the Bank’s non-IRB grading models. The team is currently engaged in a multi-year redevelopment of all IRB and non-IRB grading models, which represents a key strategic objective for the bank. The role involves working closely with our colleagues across the Business, Credit Risk and the Chief Data Office.
We’re looking for someone who would be interested in:
- Leading the development of Grading models to support business decision making, risk management and estimation of regulatory capital requirements in line with internal development standards and policies.
- Managing teams involved in the development of Grading models, guiding them in the development of technical skills as well as core behavioural competencies.
- Engaging with senior stakeholders across the Business, Finance and Risk to ensure that models can facilitate business needs, while meeting regulatory requirements and provide enhancements to the application of risk management within the Bank.
- Engaging with regulatory bodies and internal second and third line of defence assurance teams as part of the on-going cycle of review of our models.
- Leading the development and refinement of standards and methodologies required to deliver these models and ensuring they are embedded within the development team.
Key Responsibilities Include:
- Predictive Model Development: Development of predictive models that are focussed on impacting core business elements, such as automated decisions, capital requirements and loss expectations.
- Leadership: Leading teams involved in the development of credit grading models, coaching them in the development of technical skills as well as demonstration of core behavioural competencies.
- Joining the IRB programme management leadership team and being a member of the Programme Management Committee (PMC), project delivery group meeting (PDGM), and chairing the SGM Project Delivery Status Meeting (PDSM).
- Digital Protection: Access / utilise bank data within the policies and frameworks required by AIB.
- Analysis & Investigation: Guiding team leads in various complex data analyses, investigations and/or modelling of business issues to improve the management, services, and products of the bank.
- 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.
- Stakeholder Engagement: Presenting to senior stakeholders across the Bank on key modelling decisions, outputs and insights using an evidence-based approach and robust modelling techniques.
What you will bring:
- 10 years’ experience in a model development or model validation role. 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 considered (e.g., R, Python, Matlab).
- Advanced understanding of the regulatory requirements relating to the development of Grading models.
- Experience writing technical documents that meet internal and regulatory standards. Experience in engagement with regulatory or audit bodies.
- Experience in leading a team of model developers. Proven ability to build relationships and communicate with key stakeholders.
- Curiosity and inventiveness. Strong problem-solving skills with capability to defend their decisions from challenge both on a technical and business front.
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 careers@aib.ie.
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 careers@aib.ie
By when? Closing date is 12th May 2024
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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