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The Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.

The Bank currently has a vacancy for the role of Associate Quantitative Analyst on a Contract of Indefinite Duration, in the Financial Risk Division. This role is aligned with the Bank Executive grade and the BE salary scale applies Please click here for further information on our salary scales.

It is important to us that our people have flexibility in their role and we will shortly transition to a hybrid working model where they can balance their time between working from home and our office.

The purpose of the role is to assist the Capital Quants Team in the provision of advice and input to support the prudential supervision of entities, identification of cross-sectoral or firm specific risks and ensure compliance with regulatory standards.

Capital Quants Team - This team aims to ensure that firms are appropriately capitalised to cover the risks they face by providing technical quantitative expertise around ICAAP, SREP, stress testing and forward looking assessments. It also ensures firms have appropriate processes, systems and governance in place to appropriately manage and report on capital.

The team’s areas of expertise include:  qualitative and quantitative ICAAP framework reviews with a focus on economic capital models, capital plan reviews and Stress testing framework assessment. It also performs/supports solvency stress testing and/or scenario analysis exercises and contributes to policy developments in the area of Pillar II capital requirements.

  • Assist the Quantitative Analysis team in the provision of quantitative analytics in relevant/related area to support the prudential supervision of assigned entities and identification of cross-sectoral or firm specific risks to ensure the stability of the financial sector.
  • Assist the team with on-site/off-site investigations, quantitative risk assessments, development of relevant frameworks and delivery of relevant programmes/projects. Provide input to elements of large-scale quantitative projects.
  • Provide support to the team in delivering On-Site Inspections and producing draft inspection reports that facilitate the development of appropriate risk mitigation programmes and actions to help the team ensure they take into account the relevant legislative requirements, guidelines, industry best practice and peers so the inspections are comprehensive.
  • Take responsibility for own work and ensure appropriate outcome of supervisory work that has been completed is communicated clearly and effectively to the team and relevant stakeholders, particularly across the Prudential Regulation Pillar.
  • Aid the implementation of approaches that relate to, for example, internal model investigations, quantitative risk modelling and stress testing to ensure the Directorate can deliver on key projects and challenge entities on their own estimates.
  • Deliver investigations, quantitative risk assessments, framework design as relevant to the team/area. Likewise, deliver elements of relevant large-scale quantitative projects
  • Carry out such other ad-hoc quantitative analyst activities as may be determined by the team manager/ senior quantitative analyst, such as participation in projects, to support them in fulfilling the mandate of the team. Be responsible for own work outcomes and communicate these effectively within the team.
  • Collaborate with colleagues, particularly across the Prudential Regulations pillar, developing professional relationships, to ensure effective delivery of projects and supervisory programmes.
  • Appreciate the need to support in the process for identifying/understanding/communicating the emerging issues and evolving landscape for the relevant risk area through horizon scanning, peer analysis and quant analysis and any other relevant means, as well as participating in the actions to mitigate/manage these issues.
  • Support in the process for identifying/understanding/communicating the emerging issues and evolving landscape for the relevant risk area through horizon scanning, peer analysis and quant analysis and any other relevant means, as well as participating in the actions to mitigate/manage these issues.
  • A third level honours degree or professional qualification in the area of business, accounting, finance, economics, maths, risk or any related professional discipline. Working towards a Master’s degree or equivalent professional qualification (e.g. Chartered Financial Analyst (CFA), PRMIA) in the area of business, accounting, finance, economics, maths, risk or any related professional discipline is desirable.
  • Typically between 1 and 5 years relevant experience in financial regulation and/ or relevant financial services. Relevant experience includes inter alia: working in credit/ equity analyst role, financial supervision, working in the banking or financial services sector, or financial/ economic modelling.
  • Have quant experience/skills.
  • Some understanding/experience of the financial sector and the practical operation of companies within that industry and quantitative risk management techniques and approaches.
  • Analytical, problem solving and organisational skills.
  • Understanding of some of the relevant areas.
  • Drive, ambition, enthusiasm.
  • Flexible and critical thinker.
  • Ability to take responsibility.
  • Good verbal and written communication in particular the ability to communicate to team.
  • Good capability in managing own workload/ multiple requests.
  • Ability to act professionally, ethically and with integrity.
  • Provide specialist knowledge and technical expertise on a wide array of topics:
    • ICAAP assessment, focussing on the internal capital quantification and stress testing framework as part of the SREP process, authorisations, deep-dives by performing desktop reviews of the institutions’ risk quantification methodologies.
    • Risk framework and capital plan assessment for banks, investment firms, fund service providers, e-money and payment firms contributing to the improvement of management practices and resilience of the financial system.
    • Stress testing framework assessments as well as support for the EU-wide stress test exercises or similar SSM exercises.
  • Support solvency forward looking assessments –covering a wide variety of scenarios and hypothesis, assessing  the financial resilience of the banking sector
  • On-site investigations, deep-dives on ICAAP and capital.
  • Working groups and policy work around the aforementioned topics in the CBI, ECB, SSM, EBA etc.  
  • Improving the crisis preparedness of central bank
  • Support Climate risk developments both at the CBI level as well as in international initiatives led by the SSM and EBA.
We know it's our people who make the Central Bank special and we are focused on creating a diverse, inclusive, fulfilling and progressive work environment. We encourage applications from candidates with different backgrounds, experiences and perspectives as it strengthens us, as individuals and as an organisation.  We are committed to positively supporting candidates with disabilities. If we can make any reasonable accommodations for you in the recruitment process in order to give you the opportunity to perform to your best, please let us know. Any information that you provide will be used only for the purposes of providing relevant support and will have no bearing on how your application will be viewed.  

Flexible working arrangements will be a consideration for the right candidates and we are open to applications from candidates seeking part time or job share arrangements.

Application Details: 
Closing Date: 18th June 2022

To apply, please complete the application form attached (via the “apply” link). This allows you to tell us why you are the best fit for us.

Before starting your application you will be asked to create a profile with us, this will allow you to track and review your application throughout the process. Click "register" to create a profile and complete the application process.Once your application has been successfully submitted you will receive an automatic email from us acknowledging receipt. If you do not receive this auto-acknowledgement, please contact recruitment@centralbank.ie.

The Central Bank pension scheme mirrors the rules of the civil service pension scheme. Details of the appropriate pension scheme will be provided upon determination of the appointee’s status.
Cuirfear fáilte roimh chomhfhreagras í nGaeilge.
The Central Bank of Ireland is an equal opportunities employer.

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