Job Description
PTSB is one of Ireland's leading retail and SME banks, with an innovative range of products and services powered through an evolving digital landscape, our focus is centred on ensuring we deliver what our customers, colleagues and communities need to be successful. Your Role As the Senior Manager in the Regulatory Models team you will lead a team of highly skilled individuals to deliver and maintain the bank's IFRS 9 models that underpin the bank's role holder will report to the Head of Regulatory Models. Your Team The Regulatory Models team is responsible for all regulatory models in the bank including IRB, IFRS9, Forecasting and Pillar II modelling. The team comprises the Head of Regulatory Models who reports to the Chief Credit Officer, two Senior Managers, four Managers and a team of 15 Modelers (also supplemented from time to time with contractors) to deliver a multi-product suite of models. This role represents a third senior manager position that has been created and will have a manager as a direct reports plus six modelers. This is a new role and will lead all of the IFRS9 modelling. Your Responsibilities Functional Strategy & Delivery As a member of the Credit Leadership team, support the Head of Regulatory Models by creating a high performance culture, representing strong leadership and delivering all IFRS 9 regulatory model development initiatives. Lead the development of a regulatory models roadmap for the IFRS 9 models under your remit to create and maintain a suite of models that are aligned to the bank's strategy and developed in line with rigorous regulatory standards. Risk Management & Control Demonstrate thought leadership in respect of the model environment including model design, AQR readiness, model limitations, model risk and the future proofing of model developments to ensure models meet regulatory requirements and maximise performance over time. Continue to foster a risk conscious culture by embedding and promoting key risk controls for model development. Lead an Inspiring Culture Drive and develop the behaviours and performance of team members through effective performance development and performance reviews. As a Senior Leader, embody and role model the Group's values and standards Continue to build bench strength through development, robust performance management, mentoring and recruitment. Stakeholder Engagement Manage the interaction with the bank's Model Risk and Validation team and the wider business to ensure optimal and timely model development Proactively manage all key stakeholders including Model Risk & Validation and the Central Bank of Ireland and all other internal stakeholders including Central Data Office, Impairment and Forecasting and Arrears Management to ensure alignment on key development projects and any remedial work. Develop a strong talent pipeline and succession plan and act as a role model for delivering on our high performance agenda Requirements Essential A degree in a Mathematical/Statistical/ Computer Science or associated discipline. Have several years? experience in a SAS risk modelling (or comparable) environment building credit risk models preferably across the full credit risk lifecycle. Expertise in statistical techniques (such as regression, cluster analysis, principal component analysis etc.). Expertise in relevant model development regulation (eg. CRR, EBA Guidelines, RTS, IFRS9). Significant management experience in a relevant financial services (or comparable) environment with a good understanding of all retail products (Mortgages, SME, Revolving Credit, Term Loan) and channels.