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:
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.
Essential Skills & Experience
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.
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