Bank of Ireland

Senior Analyst Model Impact Analysis

Dublin, Ireland
13 Jun 2019
26 Jun 2019
Approved employers
Approved employer
Contract type
Full time

Description of business unit:

The purpose of the Capital Change Programme (CCP) is to deliver effective and sustainable solutions to meet identified EBA, ECB and Basel regulatory capital requirements and guidelines, cognisant of the need to manage business, operational, capital and other impacts.

The Programme is sponsored by Group Risk, commenced in early 2018 and is a multi-year programme that will run until at least 2021.

The Capital Change Programme is a key strategic initiative for the Group. It focuses on capital - the life-blood of any bank - and the changes it delivers will impact a wide range of areas and activities in the Group from customer interaction to core financial reporting. While primarily a programme to deliver significant Regulatory change, CCP provides the opportunity to significantly enhance a range of integral 'mechanics' of the Group around capital efficiency (including Risk-Weighted Assets), cost management and, ultimately, strategic advantage through an agile capital management capability.

Purpose of the Role:

This role is within the IRB Pillar of the Capital Change Programme. The IRB Pillar is accountable for the redevelopment and approval of 12 IRB Rating Systems in the coming 2 years.

This role will be focused on developing and applying tools and carrying out analysis to estimate the impact of new models, model components (such as revised definition of default, alternative scorecards etc.) and modelling challenges. That analysis will be focused on RWA/Capital impact and business impact (risk appetite, credit decisions, pricing etc.)

While supportive of the IRB Margin of Conservatism process, these activities are separate and focused more on internal downstream impacts of new and redeveloped models.

Key Accountabilities

  • Support the development of approach and methodology for impact analysis.
  • Develop or modify existing tools to perform impact analysis.
  • Lead junior analysts in performing analysis.
  • Interrogate and interpret results and outcomes.

What is the opportunity:

This is an opportunity to establish a new and core strength in the Group's modelling approach. This team and role is separate to the IRB development lifecycle and operates independently. It will offer the role holder an opportunity to entirely focus on the quantitative analysis and is supported by a significant broader programme team. The work and outcomes will be consumed by senior Group analytical stakeholders versed in the discipline.

Essential Qualifications:

A relevant third level qualification or equivalent

Essential Skills & Experience

  • Credit Risk quantitative analysis, IRB model exposure advantageous.
  • Experience of SaS and/or related environments.
  • The ability to interpret analytical outcomes and frame them in a business / strategic context.

Desirable Qualifications, Skills & Experience

A post-graduate qualification in a relevant field

Key Competencies

  • Competency 1: Accountable - People Manager
  • Competency 2: Manage Risk - People Manager
  • Competency 3: Champion Transformation - People Manager
  • Competency 4: One Group, one team - People Manager
  • Competency 5: Agile - People Manager

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles will not be accepted for this role.

Closing date: Jun 25, 2019

For further information, and to apply, please visit our website via the “Apply” button below.

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