Quantitative Modelling Lead

2 weeks ago


Belfast, United Kingdom Allied Irish Banks Full time
Job Summary:
A highly skilled Quantitative Modelling Lead is required to lead end-to-end IRB model development projects, focusing on automated decisions, capital requirements and loss expectations for specialised lending portfolios. This role involves collaborating with stakeholders across the business, finance and risk teams to deliver solutions to complex problems.

About Us:
Allied Irish Banks is committed to offering our colleagues choice and flexibility in how we work and live. We are a leader in providing financial services, with a strong focus on credit and financial risk measurement and decision-support throughout every aspect of our businesses and control functions. 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.

Key Responsibilities:
The successful candidate will be responsible for leading the development/re-development of new and existing IRB models (PD, LGD, EaD, slotting) for specialised lending portfolios under the banks' IRB rollout plan. Key responsibilities include:
  • IRB model development: Lead in end-to-end IRB model development projects which have wide applications, such as automated decisions, capital requirements and loss expectations.
  • Analysis & Insights: Lead various complex data analyses, investigations and/or modelling of business issues to improve the management, services, and products of the bank.
  • Leadership & Talent development: Manage a team of quantitative analysts, coaching them in the development of technical skills as well as demonstration of core behavioural competencies. Provide specialist advice to the business with an emphasis on the impact and application of risk management requirements.

Requirements:
The ideal candidate will have 5+ years end-to-end IRB model development/validation experience, with at least 2 years in a non-retail/wholesale portfolio and strong knowledge of regulatory requirement on IRB model development. Additionally, they should have strong engagement and communication skills across a wide range of audience, e.g. senior management, business and credit, policy, finance, and data teams. Leadership and coaching for senior analysts and analysts in the team are also essential.

Benefits:
The company offers a competitive salary, variable pay, employee assistance programme, family leave options, and a hybrid working model that allows employees to balance their time between working from home and their designated office.

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