Are you Bank of Ireland`s new model risk manager?

* Are you looking for experience across a range of different models, including market risk, liquidity, credit risk, provisioning and income forecasting?

* Do you enjoy unravelling new quantitative problems?

* Could you interact with stakeholders across every division of Bank of Ireland?

* Can you help us develop the next generation of risk managers?

The Risk Measurement Team within Risk Strategy aims at promoting enhanced risk measurement techniques and delivery of enhanced risk measures for use in credit approval processes and capital management and is responsible for the Group`s model risk policy and reporting model risk to the Group`s senior and executive risk committees. The team provides management oversight of the implementation of model standards and all credit risk measurement activities of the Group that are overseen by the Risk Measurement Committee (RMC). It maintains the body of policy documents outlining governance, standards and monitoring of all credit risk rating models and oversees the delivery of these by the business units within the Group. The team also provides the central point of engagement with the Group`s regulators in respect of the Group`s IRB permissions and provides oversight of all key deliverables to internal and external key stakeholders.

Key responsibilities

* Maintaining and updating the Group`s model risk policy, ensuring alignment with the Group`s Operational Risk policies.
* Researching best practice in model risk identification, management and measurement and model validation.
* Liaising with key stakeholders to ensure the Group`s model risk inventory is comprehensive and up to date.
* Preparing regular model risk reports to the Group`s senior and executive management.
* Managing the secretariat of the Group`s Risk Measurement Committee, including co-ordination of agendas, management of deadlines and circulation of papers, review and challenge of papers submitted to the Committee.
* Leading quantitative work-streams for RMT projects ensuring high quality deliverables which are reflective of industry best practice.
* Developing an environment which encourages and rewards innovation and development.
* Managing risk analysts and supporting cross team analysis activities and training and/or mentoring of junior staff as required.

Key Requirements;

* Strong academic background with a good primary degree and/or an appropriate professional qualification, in a strongly quantitative discipline (e.g. mathematics, statistics) and 5 - 7 years` experience of risk management or measurement.
* Strong analytical, communication, presentation and interpersonal skills. Excellent writing and Excel skills are essential.
* Ability to understand and develop principles underlying the different risk measures; and to translate these into policy for senior management and into guidance for model developers and owners.
* Strong stakeholder management skills
* Organisation skills with an ability to manage multiple deliveries

Desirable Requirements;

* Experience in managing risk analysts

Remuneration

This is an exciting full time permanent position. Salary will be commensurate with the candidate`s experience with a strong benefits package attached.

This is a key role within Bank of Ireland offering excellent insight and future opportunities to the successful applicant across the group

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