- Implement IFRS 9 models within the IFRS 9 ECL Execution framework ensuring that all governance, Regulatory and Audit requirements are met.
- Lead complex development of system changes into the IFRS 9 ECL Execution framework.
- Maintain strong working relationships with key internal and external partners.
- Maintain and develop documentation to ensure ECL model documentation is kept up to date.
- Excellent analytical skills supported by a third Level qualification in mathematics, statistics or other numerical subject area.
- Good communication skills and partner management skills.
- Demonstrable ability to work effectively with Senior Management and explain technical concepts to a non-technical audience.
- Excellent statistical, analytical and quantitative skills working with statistical software (e.g. SAS, R, Python etc.).
- Experience of Credit Risk Modelling in a financial institution (IRB / IFRS9 / Stress Testing / Validation)
- Ability to engage, support and train more junior staff members.
- Ability to deliver and achieve results within demanding timescales.
- Ability to work on own initiative or as part of a team.
- Proficiency in Python or other coding languages would be beneficial.
- One Group, one team - Self
- Champion Transformation - Self
- Manage Risk - Self
- Agile - Self
- Accountable - Self
Company
Location
Dublin - Ireland
Job type
Full-Time
Python Job Details
Lead Analyst, Expected Credit Loss- Bank of Ireland - Republic of Ireland
#li-hybrid #ij-hybrid
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 hiring aLead Analyst, Expected Credit Loss to join our ECL Execution team!
Who are We
Group Risk provides strong independent oversight and management of the Group's credit, market and operational risk strategies. We have responsibility for credit risk management information, credit & market risk underwriting as well as strategic oversight and management of challenged portfolios.
The IFRS9 ECL Execution team is responsible for the estimation of expected credit loss (ECL) for financial instruments in line with the accounting standard. The IFRS 9 ECL execution team runs 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 leading the design of and implementing model change requests via the appropriate programming language, managing interactions with internal and external partners and contributing to the team's credit risk expertise. The candidate will also be responsible for maintenance and documentation of ECL models, reviewing model runs and checking outputs and investigating and addressing any issues and queries that arise.
Key Accountabilities
Who are You
Essential Qualifications
Essential Skills / Experience
Desirable Skills / Experience
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.
Key Competencies
Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.
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.
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