Risk Data Scientist, Risk and Assurance, Dublin

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Quantitative Risk Analyst, Risk and Assurance, Dublin

Location: Molesworth Street, Dublin (Hybrid) Is this role F&P impacted? No Is this role MCC impacted? No 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 customers and employees expect of a bank. 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. What is Risk Analytics? 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

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? Summary of this role: We’re looking for someone who would be interested in:

• 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
• Engaging with regulatory bodies as part of the on-going cycle of regulatory review of our models  

The key accountabilities/responsibilities are as follows:

• 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.
• Digital protection: Access / utilise bank data within the policies and frameworks required by AIB.
• 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.  

AIB brand values It is a given that the role holder will be a strong role model of the AIB Values: We put our Customer First, We are better together, We are empowering, We keep it simple, We are building Trust and Appreciation. Minimum criteria : Please note that the following criteria form the basis of your answers on the application form.

• Show problem solving skills with capability to defend your decisions from challenge;
• 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.);
• 2 or more years of experience with SAS or SQL programming – experience in an alternative programming language would be considered (e.g. R, Python, Matlab);
• Curiosity and inventiveness. Good problem solving skills with capability to defend their decisions from challenge both on a technical and business front.
• Candidates must be fully authorised to work in Ireland.

As part of the selection process, the successful applicant will be expected to demonstrate the AIB behaviours and ability in the behavioural and technical capabilities reflected below: Please note that the capabilities will only be asked at interview stage. Ensures Accountability Holding self and others accountable to meet commitments. Collaborates Building partnerships and working collaboratively with others to meet shared objectives. Streamline & Simplify Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement. Data Analysis Collects, analyses and interprets data to reach conclusions and/or present insights and findings. Financial/Credit Modelling Develops financial or statistical models to test hypotheses and understand the potential impacts of risk under various scenarios Numerical Competence Demonstrates knowledge of mathematics principles (e.g., statistical analysis and modelling) to complete work and solve problems. Life at AIB At AIB, we have a clear purpose - to back our customers to achieve their dreams and ambitions. 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 for Diversity and Inclusion. We work to ensure that AIB is a place where diversity is welcome, everyone can thrive, and inclusion is a universal experience. Our working environment is one in which talented individuals of all backgrounds can realise their full potential, enjoying rewarding careers in the service of our customers. By submitting an application form for this position, you are confirming that you have had the relevant conversation with your manager. EXTERNAL ONLY If you feel you have what it takes, click apply and fill in the online application form. If you would like more information or have any special requirements or needs that would support you during the recruitment process then please contact the Talent Acquisition Team at careers@aib.ie By when? Closing date is Sunday 7th January 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. #J-18808-Ljbffr