Impact Assessment Senior Analyst
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.
The Programme includes the following core pillars:
- Definition of Default: Responsible for the design and implementation of revised and Group wide Definition of Default in line with new Regulatory requirements and guidance.
- Non-Performing Loans (NPL): Responsible for the interpretation, design and implementation of certain ECB and EBA guidelines s relating to Non-Performing Loans/Exposures.
- IRB Models: Responsible for the development of new risk rating models to underpin the Group regulatory capital calculation and to accommodate new and changing regulatory requirements.
- Basel IV / CRR II: Responsible for coordinating the regulatory interpretation, requirements gathering, and delivery design of changes due to forthcoming capital-related changes to the Basel III regime.
In addition there are number of end-to-end work-streams that work to support and enable the above areas:
- End to End Solution Architecture: Responsible for the overall CCP solution blueprint to ensure alignment between designs across work streams.
- Data: Responsible for delivering the data solutions required to support regulatory change and enable work-stream delivery.
- End-to-end Target Operating Model: Responsible for the design of an operating model for capital calculation and reporting as a result of changes under CCP. Focused on governance, policy, process and organisational design to drive a smooth transition to a 'Day 2' operating environment.
Purpose of the Role
The Capital Change Programme is currently seeking anenergetic and enthusiastic person to join the IRB Pillar as part of the Enablement team.
We value diversity in a programme in which strength comes from varied experience and backgrounds. We welcome all applicants and hope to build a resilient and multi-disciplined team capable of responding to the interesting challenges ahead.
The outline below will give you a sense of the type of work that you can expect to be involved in. We would love the chance to meet with you personally to chat about the areas that would be of most interest to / best fit for you. We look forward to meeting you.
- To support and enable the successful submission of new Group IRB models to the Regulator through quantitative assessment of the impact of new IRB models on Group capital levels.
- Design, build & use an analytical engine using SQL & SAS to assess capital requirements in a dynamic project environment.
- Liaise with senior stakeholders from front line business units, as well as Decision Science development teams to understand, assess and quantify impacts of modelling decisions on capital levels.
What is the opportunity
These roles provide successful candidates with an opportunity to contribute to an essential activity in the development and successful approval of capital models for the Group. Successful candidates will liaise with a range of stakeholders across different areas of the bank to ensure that:
- The impact of newly developed IRB models are understood for each rating system and in each business unit; and
- Capital estimates are accurate, granular and the analysis of impact clear.
- This role will involve day to day liaison with quantitative analytical teams and frequent liaison with senior business and support leads.
- A third level degree in maths, quantitative finance or hard sciences (or equivalent experience) with more than 2 years' experience in the financial sector.
Essential Skills & Experience:
- A track record of delivering high-quality quantitative analysis, report writing and ability to communicate results.
Desirable Skills & Experience may include:
- Strong numerical, written and verbal communication skills.
- Quantitative analysis and coding experience.
- Knowledge or experience in preparation of deliverables for internal stakeholder committees.
- A clear desire to work in a fast-paced and agile project environment.
- Versatility and the willing and ability to support and be supported by a broad project team.
- Competency 1: Manage Risk - Self
- Competency 2: Accountable - Self
- Competency 3: Champion Transformation - Self
- Competency 4: One Group, one team - Self
- Competency 5: Agile - Self
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.