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Analytical role - Model Validation


Analytical role - Model Validation

Dublin | Ireland

Description of business unit

Description of business unit The Independent Validation Unit ("IVU") is part of Model Risk Management and is the analytical centre of excellence within Group Risk for review and assessment of the Group's models. The IVU's responsibilities include:

  • Independent evaluation of models, both Retail and Non-retail for Credit IRB along with other models including IFRS9, ECAP, Decision Making, Market Risk, etc., within the Group.
  • Providing reports on each model, whether initial or periodic with an overall assessment of the model to the Risk Measurement Committee.
  • Ensuring models are fit for purpose or providing challenger analysis and recommendations for same.

Purpose of the Role

The Validation unit assesses all models used across the Group and offers the opportunity to obtain a wide variety of experience to different models supporting relevant processes including new business origination, pricing, capital, market/liquidity etc..

The successful candidate will be primarily responsible for sourcing and generating validation datasets, analysis and critical review of related data, assessment of model performance and ultimately delivering validation reports on the status of the underlying models

Key Accountabilities

  • To be the analyst in the validation of allocated models working with the team to ensure their adherence to internal Group Standards.
  • Data management and analysis of information from various sources.
  • Undertake statistical analysis and critical review of same. This includes discrimination, calibration, population stability & sensitivity measures; interpret and report on the results of this analysis.
  • As part of the validation activities, ensure active and positive communication exists with the team and with relevant stakeholders involved in the model validation process.
  • Produce validation reports for all model validations to a standard appropriate for reporting to internal and external stakeholders.
  • Explore new approaches to model validation assessment and experiment with new techniques that could enhance the validation process.

What is the opportunity?

We are looking for a driven and enthusiastic individual to join our Validation Team, offering an opportunity to learn and be involved in the review/challenger analysis of a wide variety of statistical models and exposure to a wide variety of Group activities.

Essential Qualifications

Third level qualification in mathematics, statistics, science, economics or similar discipline involving significant numerical modules.

Essential Skills & Experience

  • Experience in a quantitative discipline and ability to work with datasets.
  • Good excel skills and knowledge of statistical analysis packages.
  • Excellent team player with enthusiasm and energy, able to deliver under tight deadlines.
  • Good written and verbal communication skills
  • Commercial awareness - to recognise and analyse issues/consider alternative approaches to achieve appropriate outcomes

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: Mar 22, 2019
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