Financial Services Risk Management - IRB Model Development - Dublin

Financial Services Risk Management - IRB Model Development - Senior Manager/ Manager/Senior Consultant - Dublin

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you, we are counting on your unique voice and perspective to help EY become even better, too. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY have a number of career opportunities available, and we are interested in meeting candidates who are looking for a new challenge, one where you can develop your range of skills significantly. Be that a move out of industry into practice, or from within practice into advisory services. We are looking for future leaders with a genuine creative vision and the confidence to make it happen. Our opportunities will allow you to apply your expertise to a variety of projects whilst offering you excellent career progression opportunities.

The EY Financial Services (FS) – Consulting team is continuing to grow and develop our unique consulting propositions aligned to the market needs and demands. The ideal candidate will have a proven track record of developing and implementing successful IRB models, as well as experience managing a team of risk modelling professionals.

The role will need a primary focus on developing and maintaining IRB models for various portfolios, adhering to IRB regulations, and collaborating with stakeholders to discuss technical and business matters. The ideal candidate will have experience working with large volumes of data and using programming languages such as SAS, SQL, and Advanced Excel. This position requires excellent communication skills, leadership abilities, analytical skills, and proficiency in managing a team and people, working across EMEIA.

What we offer and how we will support your Career progression

Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

Continuous learning: personalised career development including coaching, experiences, and formal learning so you’ll develop the mindset and skills you’ll need to thrive in the future. Transformative leadership, we will give you the insights, coaching and confidence to be the leader the world needs.

Career progression: When you join EY, you will be supported to ensure that you are enhancing your skills from day one. As you grow and develop here, you’ll discover opportunities to help customise your career journey, so that it’s as unique as you are.

Benefits: We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, with a wide range of discounts, offers and promotions. Your experience in EY will also include:

• Free enrolment in EY’s Tech MBA Programme accredited by Hult International Business School
• Discounted health insurance
• Pension
• The purchase of additional annual leave
• Hybrid Working model

Responsibilities:

• Develop and maintain IRB models for various portfolios, including Consumer SME, Retail SME, Investment Property, and UK Corporate
• Prepare and analyse data for IRB model development, including data engineering, handling large volumes of data, and data remediation
• Develop models for PD, LGD, and EAD, and test model accuracy and effectiveness
• Understand and adhere to IRB regulations, including the EBA Guidelines and ECB Guide to Internal Models (EGIM)
• Collaborate with stakeholders, including senior management, to discuss technical and business matters related to IRB model development
• Manage and mentor a team of risk modelling professionals to ensure successful execution of IRB model development initiatives
• Measure and report on the effectiveness of IRB models, making recommendations for optimization and improvement
• Stay knowledgeable about industry and regulatory IRB model development trends, and apply insights to drive innovation and competitive advantage

Requirements:

• Bachelor's degree in Mathematics, Statistics, or related field
• 8+ years of experience for Senior Manager, 6+ years for Manager and 4+ years for Senior Consultants in IRB model development, with a proven track record of success and experience working across cross functional teams.
• Ability to manage team is must for Senior Manager role
• Strong leadership and management skills, with the ability to motivate and develop a team of risk modelling professionals
• Excellent communication skills, with the ability to communicate effectively with stakeholders at all levels
• Strong analytical and problem-solving skills, with the ability to apply data insights to drive innovation and decision-making
• Proficiency in programming languages, including SAS (macros), SQL, and Advanced Excel
• In-depth understanding of IRB regulations, including EBA Guidelines and ECB Guide to Internal Models (EGIM)
• Familiarity with IFRS/ST and experience in Irish and UK asset portfolios an advantage

Inclusion & Diversity

We hold a collective commitment to foster an environment where all differences are valued and respected, practices are equitable and everyone experiences a sense of belonging: Inclusion, diversity, and equity are part of who we are at EY. We believe that the highest-performing teams maximize the power of different perspectives and backgrounds. These teams are both diverse and inclusive and are willing to invite and learn from other perspectives. Our ability to include various viewpoints into our mindsets, behaviours and operations is fundamental to driving innovation, building strong relationships, and delivering the best solutions for our clients.

We recognise the strength that comes from having a diverse workforce and building a culture where we support all our people to achieve their potential. You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

Apply

If you are interested in the above role, please submit a CV via the EY Careers Site at: EY Career Page

To hear stories from professionals within our business around their experience, career advice and progression, and belonging and flexibility please visit us here.

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