Senior Manager, Model Risk Management
- Recruiter
- Bank of Ireland
- Location
- Dublin, Ireland
- Salary
- Unspecified
- Posted
- 14 Nov 2019
- Closes
- 25 Nov 2019
- Approved employers
- Approved employer
- Job role
- Business analyst, Forensic accountant
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Manager
Description of business unit
Model Risk Management Function is responsible for setting and overseeing the standards and risk measurement techniques relating to process such as IRB capital calculation, IFRS 9 impairment calculation and credit decision models across the Group. The Function also set the standards and policies for managing model risk across the Group and maintains the Groups inventory of models. The independent model validation team is also part of the function.
Externally, Model Risk Management interacts with Regulators, industry bodies, banks and consulting firms to ensure both adherence to the European regulatory requirements, and to remain at the forefront of industry best-practice in risk measurement techniques.
Purpose of the Role
The Senior Manager is responsible for:
- Providing risk measurement guidance to model developers, model owners and model reviewers particularly in the area of capital models
- Developing, maintaining and overseeing the Group's Model Risk Policy & Standards covering capital models
- Ensuring new and emerging regulatory guidelines (e.g. EBA, TRIM, PRA, Basel, etc.) are appropriately interpreted, assessed and incorporated in the Group model governance and management processes
Key Accountabilities
- Develop, maintain and oversee of the Group's IRB risk modelling approach and strategy. Lead the interpretation, gap analysis of emerging regulatory requirements (e.g. EBA, TRIM, etc.).
- Design and support delivery of the next generation of models and measurement methodologies to enhance risk measures for use in credit approval, capital allocation and portfolio risk assessment processes within the Group.
- Work as part of a programme and provide second line oversight of the build of a new suite of IRB models
- Prepare regular updates for Senior Group Level committees and executive management of the status of the model development activities
What is the opportunity
We are looking for a driven and enthusiastic individual. Weoffer an opportunity to significantly enhance your experience in an analytical environment across a range of models. The role will offer you the opportunity to be at the centre of the strategic change that is ongoing across the Bank. You will get to work with a variety of colleagues across the Group and support the Group's ambitions to become an innovative, agile and digital organisation.
Essential Qualifications
- Strong academic background with a Third level qualification in a highly quantitative discipline (e.g. mathematics, statistics)
- Proven track record as a senior quantitative risk manager
Essential Skills & Experience
- Detailed knowledge of credit risk modelling
- Detailed understanding of the CRR, EBA guidelines and ECB TRIM Guide.
- Ability to deal with new and emerging modelling concepts
- Strong people management skills.
- Strong communication skills, with emphasis on effective communication with Group Senior Management and external stakeholders including Regulators.
- Ability to think strategically and 'see the bigger picture'
Key Competencies
- Competency 1: One Group, one team - 2. People Manager
- Competency 2: Agile - 2. People Manager
- Competency 3: Manage Risk - 3. Leader
- Competency 4: Accountable - 2. People Manager
- Competency 5: Amplify Capability - 2. 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: Nov 22, 2019
For further information, and to apply, please visit our website via the “Apply” button below.