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Risk Manager


Risk Manager

Dublin | Ireland

Description of Business Unit

The Risk Strategy function within the Group Risk Division is a central unit responsible for Loan Loss Forecasting & Stress Testing , Economic & Regulatory Capital Strategies, and providing support to important Group initiatives including Capital Allocation, Risk-adjusted Performance Measurement (RAROC), Loan Portfolio Optimisation, Transaction Pricing and Strategic / ICAAP planning initiatives. It is also responsible for oversight of model risk across the Group, and for leading the development and implementation of the Group Risk Appetite Statement, Risk Measurement Policy and Standards.

The Enterprise Stress Testing Team sits within Risk Strategy, and is responsible for a number of critical Group wide activities, including:

  • Designing and implementing a methodological framework for simulating Forward Looking Macro-Economic Information for use in IFRS9
  • Identifying stress case scenarios for use in ICAAP/strategic planning processes
  • Developing and implementing IFRS9 Expected Credit Loss Model for use in Stress Testing across all lending portfolios in line with industry leading practices and regulatory standards
  • Developing and implementing Reverse Stress Testing and related control framework and establishing linkages with Business Recovery & Resolution Planning
  • Conducting stand-alone Stress Testing sensitivity analysis as required (eg. for individual risks)

Purpose of the Role

As part of IFRS 9, Forward Looking Information (FLI) macro-economic scenarios will need to be generated as input to the Impairment Models. The Enterprise Stress Testing Team will be required to play a key role in this process. In particular, to develop and update models to simulate macro-economic variables.

The role holder will be responsible for managing annual model updates, and associated documentation for internal governance. It is expected that the simulation model may be run at multiple points throughout the year, requiring significant interaction with team across the Bank. The role holder will be responsible for managing these engagements, ensuring alignment across processes and producing material for communication with Senior Stakeholders.

The role will also feed into broader Enterprise Stress Testing deliverables, including ongoing development of models to project Loan Losses and Credit RWAs, feeding into the ICAAP, EBA Stress Test, etc.

Key Responsibilities

  • Developing and updating macro-economic simulation model.
  • Running the simulation tool and communicating outputs with stakeholders across the Group.
  • Development of material for discussion with senior management.
  • Data analysis and ongoing development of model to measure trends and emerging risks.
  • Loss forecast model development as input to internal and regulatory stress tests.
  • Generating automated and manual MI for discussion with senior management.

Essential Qualifications

  • Undergrad/Masters in Statistics/Maths/Economics

Essential Skills & Experience

  • Experience in presenting information and dealing with senior stakeholders
  • Strong communicator
  • 6+ Years working in professional environment
  • Attention to detail, and ability to deliver to deadlines.

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.

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.

Closing date: Oct 24, 2017

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