People, Person

Head of Stress Testing


Head of Stress Testing

Dublin | Ireland

Description of Business Unit

Risk Strategy is responsible for developing and maintaining the Group risk measurement methodologies and standards to support key decision-making processes including setting the Group Risk Appetite, conducting Solvency and Reverse Stress Testing, determining internal capital adequacy requirements (ICAAP) and producing Portfolio Risk Analytics and Insights to key stakeholders.

Externally, Risk Strategy interacts with Regulators, industry bodies, banks and consulting firms to ensure both adherence to the European regulatory requirements, and to remain at the forefront of industry best-practice in risk measurement standards.

Purpose of the Role

The Head of Stress Testing is responsible for leading a team of quantitative specialists to:

  • Design, build, implement and maintain IFRS9 Impairment and Regulatory RWA and EL forecasting models for Bank of Ireland Group;
  • Build and maintain the modelling capability for generating forward looking information (FLI) to be used for identifying and selecting a suite of macro-economic scenarios;
  • Run the forecasting models and related sensitivity analysis and produce management information (MI) under multiple scenarios for use in internal planning and forecasting (ICAAP) as well as internal and external regulatory stress testing exercises (EBA/ECB);
  • Design, build and execute Reverse Stress Testing processes and ensure linkages with recovery and resolution planning;
  • Ensure new and emerging regulatory guidelines on stress testing (e.g. EBA, BCBS etc.) are appropriately interpreted, assessed and incorporated in the Group stress testing governance framework and processes.

We are looking for motivated, problem solving and ambitious analytics professionals, to work as part of a continuously growing community in Bank of Ireland, who are focussed on using current and developing leading edge risk measurement tools and techniques to solve complex business issues & problems. Reporting to the Head of Risk Strategy, this role offers the opportunity for an experienced risk professional to become one of the key leaders in a well-established team and work to further drive our scenario analysis, loan loss forecasting and stress testing modelling capabilities. In addition to a competitive compensation and benefits package, this role offers unique exposure to the wide range of predictive risk analytics activities, interaction with senior internal and external stakeholders, while perfectly positioning you for a career path within our newly launched Group Career Framework that facilitates accelerated career development and fosters a sense of belonging and progression.

Key Responsibilities

Key responsibilities include:

  • Design and implement a methodological framework and models for generating Forward Looking Information under IFRS9
  • Identify stress case scenarios for use in ICAAP/strategic planning processes
  • Develop and implement IFRS9 Expected Credit Loss Model for use in Stress Testing across all lending portfolios in line with industry leading practices and regulatory standards for use in internal ICAAP and regulatory stress testing purposes (eg. EBA/ECB/PRA/IMF, etc.)
  • Develop and implement Reverse Stress Testing and related control framework and establish linkages with Business Recovery & Resolution Planning
  • Conduct stand-alone Stress Testing sensitivity analysis as required (eg. for individual risks)
  • Deliver Stress Testing Governance, including development and maintenance of Solvency & Reverse Stress Testing and of Loan Loss Forecasting Governance framework and documentation
  • Continuously research, enhance and align the Group`s stress testing capabilities with leading practices and regulatory guidelines (EBA, BIS, PRC, SSM etc.); Pro-active assessment of implications of changing legislation / guidance / and official/market reports on stress testing activities; development of plans to deliver any necessary changes; management of communication with stakeholders; direction re technical improvements to models & processes.

Essential Qualifications

  • Strong technical academic background with a third level qualification in a highly quantitative discipline (e.g. mathematics, statistics, econometrics, etc)
  • Proven track record as a senior quantitative risk manager at a leadership level for 10+ years

Essential Skills and Experience

  • Sound commercial acumen and market awareness, with up-to-date understanding of the risk profile of the Group loan portfolios, business units and industry.
  • Strong risk modelling background, with deep knowledge and/or experience across a broad range of risks in Financial Services including experience of credit & balance sheet modelling with a strong focus on credit risk.
  • Deep technical experience in quantitative credit risk modelling techniques and standards.
  • Ability to deal with new and emerging best practice concepts including in the key areas of stress testing, risk measurement, regulatory and Pillar 2/internal capital requirement, constantly benchmarking against peers and leading towards development of synergies and innovation.
  • Strong people management skills, with the ability to lead and motivate a team of professionals in a complex and changing environment; ability to coach/lead consistent with the Group`s Leadership standards, supporting a high performance culture and high levels of ethics and engagement
  • Strong interpersonal and clear communication skills, particularly in discussing results of analyses and implications with senior internal and external stakeholders
  • Ability to make critical decisions, influence and build consensus, building on networking skills
  • Enthusiasm and energy to achieve agreed goals, including under tight deadlines and pressure
  • Project management skills, delivery focused, with ability to conceptualise, plan and execute new ideas.
  • Ability to think strategically and `see the bigger picture`.
  • Strong goal orientation and proven track record in achieving results

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 supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.

Closing date: Nov 22, 2018
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