The IRB Model Development team is accountable for the design and delivery of credit risk measurement models relating to the Bank’s Pillar 1 capital PD, LGD and EAD models. These models are used to determine the level of risk associated with individual borrowers, and drive the determination of the Bank’s regulatory capital requirements. The team is currently undertaking a multi-year redevelopment of all IRB models, which represents a key strategic objective for the bank.

The Head of Retail IRB model development reports into the Head of IRB model development and is responsible for the re-development of existing and new retail IRB models under the banks’ IRB rollout plan.

We’re looking for someone who:

• Managing teams involved in the development of IRB models for the estimation of the bank’s regulatory capital requirements, coaching them in the development of technical skills as well as demonstration of core behavioural competencies;
• Leading the development and refinement of standards and methodologies required to deliver these models and ensuring they are embedded within the development team;
• Presenting to senior stakeholders on key modelling decisions, outputs and insights using an evidence based approach and robust modelling techniques;
• 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;
• Stakeholder engagement: Work with stakeholders across the Business, Finance and Risk to ensure that IRB model can facilitate business needs while meeting regulatory requirements and provide enhancements to the application of risk management within the Bank;

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 customer and employees expect of a bank.

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

1. 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.);
2. 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);
3. Advanced understanding of the regulatory requirements relating to the development of IRB models;
4. Experience writing technical documents that meet internal and regulatory standards. Experience in engagement with regulatory or audit bodies;
5. Experience in leading a team of model developers. Proven ability to build relationships and communicate with key stakeholders;
6. Curiosity and inventiveness. Strong problem solving skills with capability to defend their decisions from challenge both on a technical and business front.