Senior Quantitative Risk Manager, Dublin, London, Northampton or Belfast
Location/Office Policy: Dublin, London, Northampton or Belfast (2 days a week in the office, moving to 3 days in office from January 2026)
What is the role
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 leads the enterprise-wide oversight of credit risk model performance across AIB, ensuring models remain effective, well governed, and aligned to business and regulatory expectations. The role holder will own the end-to-end monitoring agenda, turn insights into prioritised remediation plans, and communicate clear recommendations to senior governance fora.
This role sits within Risk Analytics and reports into the Head of Model Solutions, partnering closely with Model Development, Model Validation, Model Risk, and portfolio teams across ROI and UK.
Key Accountabilities
* Lead the end-to-end credit model monitoring for AIB Group, ensuring robust, efficient, and resilient procedures are in place.
* Establish and promote a professional model risk management culture, communicating recommended actions to resolve, mitigate, and monitor credit models to senior stakeholders and Board level.
* Drive the integration of newly merged monitoring teams, enhancing processes and expanding responsibilities within a near fixed headcount.
* Manage the team to deliver effective monitoring processes, maintaining the skills base and ensuring timely, policy-compliant reporting.
* Own the Scale of Concern (SOC) assessment process, facilitating discussion of model performance, escalating issues, and integrating insights from 1LOD and 2LOD.
* Conduct and coordinate model investigations to determine root causes of performance issues, providing clear conclusions and subject matter expertise.
* Engage with Model Owners and governance fora, reviewing validation findings, supporting inventory management, and ensuring adherence to Group policies and standards.
* Go beyond automated model performance testing, proactively recommending and delivering solutions and recommendations in a highly strategic role.
* Ensure effective and compliant monitoring at all times, maintaining high standards in a challenging and changing environment.
* Take ownership of model monitoring standards, procedures and controls and ensure regulatory requirements associated with model monitoring are adhered to
* Take ownership of any monitoring services provided to subsidiaries ensuring any local governance arrangements are catered for.
What you will bring
* Extensive experience working with data, analysing and making recommendations and experience with model monitoring.
* Comprehensive understanding of model lifecycle associated with IRB, IFRS9, credit grading and pillar 2 models
* Portfolio understanding aligned to the AIB balance sheet including; corporate, retail, institutional and sovereign exposure classes.
* Experience of monitoring or developing models that span the following types: 12 month probability of default; lifetime probability of default; loss given default; exposure at default; prepayment; probability of stage 2 etc.
* Proven ability to explain complex material to a non-technical audience and produce technical documentation.
* Successful track record in management and delivery of projects and BAU activity to meet business objectives.
* Experience developing and managing a team of technical specialists.
* High level of computer literacy, including wide-ranging experience using SAS and SQL.
* Extensive experience of building or enhancing highly complex credit model monitoring solutions.
* Extensive experience of credit monitoring for corporate portfolios and providing rating recommendations.
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 click here for further information about AIB’s PACT – Our Commitment to You.
Selection Process
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.
* Develops & Empowers
* Technical Leadership
* Risk Technology & Tools
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, Sophie, 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.
Application deadline
Wednesday 29th of October.
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