Location/Office Policy:  Molesworth Street, Dublin / Hybrid

• Do you get excited by identifying new trends that can make a difference?

• Do you like being challenged to understand how external factors can impact on internal outcomes and to provide high quality insight to support this?

What is the Role:

The Risk Function 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.  

The role is positioned within the Enterprise Risk Management (ERM) team where we perform Risk management for Business Model Risk and Capital Adequacy Risk, and are responsible for the Risk Management Framework, including Risk Appetite.

Within ERM, the role is on the Risk Intelligence Team. Our role is to identify, assess and monitor risks so as to prioritise risk mitigation and control measures to maximize the effectiveness in risk reduction. This role will support the Risk Intelligence team in building robust analytical processes to provide an independent view of the key emerging risks and macro-trends within the bank. This results in a variety of tasks and deliverables, with a mix of regular processes complemented by specific deep dive analysis and the development of specific quantitative tools and techniques.

Key accountabilities.

• Maintain and enhance the production of macro-economic dashboards.
• Support the development and production of quantitative tools and processes required by the Risk Intelligence team (such as sourcing, structuring, and linking in internal and external data, econometric modelling and model monitoring)
• Support the quarterly review and challenge of proposed macro-economic scenarios – a process that includes the monitoring of external forecast benchmarks and tracking of forecast performance.
• Provide subject matter expertise in the area of Climate Risk for the team, especially as part of the second line of defence review & challenge of climate related scenarios for presentation to relevant committees.
• Provide specific deep dive analysis of macro-economic and financial market topics relevant for the bank as required. A strong knowledge of Climate and environmental risk would be advantageous.
• Develop robust data structures and enhance data analysis processes (increased automation) which will form the basis of both efficiency gains and an improved control environment.
• Provide accurate and timely reviews of economic reports and papers, with a focus on developing trends underlying the bank’s business plan/risk exposures.
• Support the team in drafting response to audit/regulatory queries.
• Support, if required, the Material Risk Assessment and the Emerging Risk process by performing benchmarking, analysing internal data and providing input and support to the various workshops

What You Will Bring :

1. 3+ years’ experience in a quantitative analytical role, experience in macro-data and or modelling is preferred but other analytical experience will also be considered.
2. Relevant third level or postgraduate qualification in an analytical discipline. Whilst qualification in economics or econometrics would be a distinct advantage, other disciplines, e.g., mathematics, physics, statistics, engineering or actuarial science, will also be considered.
3. A good understanding of macro-economic data or other relevant experience (e.g. credit or market risk data)
4. Strong report writing and summarising skills with an emphasis on clarity and impact.
5. A good understanding of economic terminology and financial/banking sector practices

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;

• Market leading Pension Scheme
• Healthcare Scheme
• Variable Pay
• Employee Assistance Programme
• Family leave options
• Two volunteer days per year

Please click here for further information about AIB’s PACT – Our Commitment to You.

Key Capabilities

Technical Capabilities

• Data Analysis: Strong knowledge of analytics (SAS, R, SPSS, EViews, Matlab or Python) and data manipulation (SQL, VBA) languages. Experience of AI and Machine learning would be a bonus.
• Visualisation: Experience with technologies and tools for visualising, monitoring manipulating data to garner insights. Strong Excel and PowerPoint presentation and report generation skills would form part of this.
• Finance & Economic Trends: Familiarity with economic analysis as well as Irish and international macroeconomic data sources and methodologies. 

Behavioural Capabilities

• Be Brave: A natural inclination to challenge established ways of thinking and articulate opinions
• Cultivates Innovation: A strong interest in applying data and analytical tools in a practical setting to ensure models and data driven opinions and decisions are robust.
• Streamline & Simplify: Inquisitive mindset with strong inclination for improving processes and driving efficiencies, especially through automation.

If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the Conor Kearney on the Talent Acquisition team for a conversation at  careers@aib.ie

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

Application deadline : Friday 13th December 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.