Python Job: Senior Analyst - ECL Execution

Senior Analyst - ECL Execution- Bank of Ireland -Republic of Ireland

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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.

Bank of Ireland are delighted to be hiringSenior Analyst - ECL Executionto join our ECL Execution team!

This role will give you phenomenal exposure to pioneering expected credit loss methodologies. You will have the opportunity to develop your programming abilities and influence partners across Risk, Finance & externally.

Who are We

Our IFRS9 ECL Execution team is responsible for the estimation of expected credit loss (ECL) for financial instruments in line with the accounting standard. ?We run the monthly models which calculate the 12 month and lifetime ECL for all assets, for use in downstream processes and reporting.

What is the opportunity?

The successful candidate will be responsible for designing and implementing model change requests via the appropriate programming language, interacting with internal and external partners and contributing to the team's credit risk expertise.

You will also be responsible for maintenance and documentation of ECL models, completing model runs and checking outputs and investigating and addressing any issues and queries that arise.

Key Accountabilities

• Engage with peers within the team to design technical solutions to required changes in the underlying credit risk calculations for Expected Credit Loss Models
• Engage with internal and external partners on IFRS9 ECL modelling and outputs.
• Complete execution of ECL models on a monthly basis, to auditable standard.
• Review model outputs and investigate any potential issues or anomalies.
• Maintain and develop documentation to ensure ECL model documentation is kept up to date.

Who are You

Essential Qualifications

• Excellent analytical skills supported by a third Level qualification in mathematics, statistics or other numerical subject area.

Essential Skills / Experience

• Proficiency in SAS Programming language or ability to acquire proficiency
• Practical Third Level qualification in mathematics, statistics or another field including a significant numerical element.
• Experience working with datasets from multiple sources.
• Excellent written and verbal communication skills.
• Ability to deliver and achieve results within demanding timescales.
• Ability to work on own initiative or as part of a team.

Desirable Skills / Experience

• Proficiency in Python or other coding languages would be beneficial.
• Experience of Credit Risk Modelling in a financial institution (IRB / IFRS9 / Stress Testing / Validation)

Location

Working at Bank of Ireland doesn't have to mean working in an office to have an impact. Our commitment to enabling colleagues to thrive means that depending on role type you can have choice and flexibility in where you work and live, subject to your role, customer needs and our requirements. We have a hybrid working model, with home, agile hub and office based options available. We will always list a primary location which can be where you go for in person collaboration, and a location where you can best perform your role.

This job can be done anywhere in the Republic of Ireland with the primary office location as Dublin to which travel will be required for in person collaboration.

Exact frequency to be agreed with manager.

Please note you must live in the jurisdiction for the business to which you are contracted.