Location/Office Policy:  Molesworth Street / Hybrid

• Are you on track to achieve a 2.1 or higher in a bachelor’s degree and/or master’s degree in a quantitative analytical discipline?
• Have you experience with SQL programming?

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 Risk Analytics team where we develop and support the deployment of risk models, strategies and decision tools for regulatory capital, internal capital and business decision making.

Key accountabilities.

• 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.
• 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.
• 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.
• 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.

What you Will Bring ;

1. On track to achieve a 2.1 or higher in a bachelor’s degree and/or master’s degree in a quantitative analytical discipline e.g. mathematics, applied mathematics, financial mathematics, physics, statistics, engineering, econometrics, actuarial science.
2. Have experience with SQL programming – an understanding of alternate programming languages would be beneficial (e.g. R, Python, Matlab).
3. Curiosity and inventiveness.
4. Can show problem solving skills with capability to defend their decisions from challenge.
5. Due to graduate in 2025.

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.

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 Conor Kearney, 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 CVs 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 : Monday 17th March 2025