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Quantitative Analyst Job at Bank of Ireland – in Dublin, County Dublin

Job Description

Group Risk guides the Group in its definition and articulation of risk appetite and provides strong independent oversight and management of the Group’s risk profile, as the Group fulfils its Purpose to enable our customers, colleagues and communities to thrive and pursues its Ambition to be the National Champion Bank in Ireland and selective international diversification . As the Group progresses its Strategic Priorities to Serve customers brilliantly, Transform the Bank and Grow sustainable profits the Group Risk adopts the philosophy that great customer outcomes and great risk management are intrinsically linked through culture. The Function maintains a robust risk culture, in support of the Group’s strategic goals, by ensuring that the appropriate structures, systems, policies and controls are in place to provide effective management of risk. Group Risk strives to support the Group in optimising returns over the longer term through robust and value adding risk management. The Function’s ambition is to ensure that Group Risk is an enduring source of strategic advantage to the Group.

Equality Statement

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.

Description of business unit

Decision Science is the analytical centre of excellence within Group Risk. Our responsibilities include:

Developing all of the Group’s credit risk models, both for use in operational decision-making and for IRB regulatory capital calculation and IFRS9 impairment calculation

Increasing the use of credit risk models to automate decision-making and move away from manual processes

Maintaining and monitoring these models, and generating appropriate insight

Maintaining credit risk data and producing regular and ad hoc credit risk reporting and insight

Implementing and maintaining all of the Group’s credit risk models in appropriate technical infrastructures

Decision Science is a pioneer of the new ways of working and offers flexible working options, agile working arrangements, laptop, and a newly designed collaboration space to connect and innovate with the team

Purpose of the Role

The analyst position provides a fantastic opportunity to join a dynamic team within Decision Science and help deliver transformative change in credit risk reporting and insight. The successful candidate will support the oversight and delivery of business critical regulatory compliance monitoring, ensuring the Group meets the requirements of the EBA Loan Origination and Monitoring Guidelines.

Key Accountabilities

Support the remediation of existing EBA Loan Origination and Monitoring non-compliant data infrastructure and reporting gaps and enhancement of monitoring capabilities by the regulatory mandated June 2024 deadline.

Identification of core source systems and business processes required to address and remediate the non-complaint gaps across the data infrastructure, reporting and monitoring areas.

Support the delivery of the implementation plan, aligned with wider technology and business initiatives.

Support the wider Team in the following key areas:
Data analysis and interrogation

Out of course advanced analysis and investigations

Development of dashboards & reports

What is the opportunity

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.

The role is open to those based in both ROI or UK with the primary office location as Dublin or Bristol to which travel will be required for in person collaboration. Exact frequency to be agreed with manager.

Essential Qualifications

Academic qualifications either in a numerical discipline or a discipline with a significant numerical element and/or business experience.

Essential Skills & Experience

Ability to work on own initiative or as part of a team

Able to manage competing priorities and deliver within demanding timeframes.

Excellent written and verbal communication skills.

Excellent organisational skills and attention to detail.

Strong computer skills: Word/Excel/PowerPoint.

Highly organised, enthused and energetic – with drive and motivation to achieve agreed goals.

Desirable Qualifications, Skills & Experience

Practical experience and proficiency working with data tools to analyse data or implement IT changes

Expertise in Presenting analytical results to a non-technical audience

Previous Credit Risk Modelling, Reporting, Architecture experience

Strong problem solving skills and a growth mind-set

Key Competencies

Customer Focused – Self

Accountable – Self

Agile – Self

Manage Risk – Self

One Group, one team – Self

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.

About Company

Company: Bank of Ireland –

Company Location:  Dublin, County Dublin

About Bank of Ireland -