What is the Role?The Model Validation Team is a growing team in AIB who are responsible for challenging the credit models used within the Bank to ensure they are appropriate. This is an opportunity to work within a diverse team within an area that is core to the Bank’s strategy.Reporting to the Credit Model Validation management team in the role holder will use statistical techniques and data analytics tools to review and challenge the models being used within the Bank. The risk models in scope are both Pillar 1 and Pillar 2, IFRS9 ECL models, and economic capital and stress test methodologies in AIB Group to meet internal and external (generally regulatory) criteria.You will work with more senior analysts to deliver projects within the Model Validation function; actively seeking opportunities to learn from other team members and to grow within the role.Key accountabilitiesUse statistical techniques and data analytics tools to review and challenge the models being used within the Bank.Challenge the modelling teams and business areas in the Bank to ensure the models are robust and compliant with regulations and policies.Work with business units to promote and deliver a best-in-class analytics service consistent with their needs.Actively seek opportunities to learn and grow within the role.Demonstrate an ability to be flexible and adapt in a changing environment.Become familiar with the European Banking Regulatory Guidelines (CRR, EBA Guidelines, etc.) and how to apply those in model validation; andFollow the standards & methodologies for model validation and contribute to their constant improvement.What you will bringRelevant third level qualification or postgraduate qualification in an analytical discipline, e.g., statistics, actuarial science, financial mathematics, or econometrics .A natural inclination to challenge established ways of thinking and an ability to articulate your opinion.Knowledge of coding for statistical analysis (e.g. SAS) is an advantage.Why Work for AIB?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 PayEmployee Assistance ProgrammeFamily leave optionsPlease click here for further information about AIB’s PACT – Our Commitment to You.Key CapabilitiesSelf-AwareEliminates ComplexityDepth of Technical KnowledgeCommunicationIf 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 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.ieUnsolicited 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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