Manager - Quantitative Risk Advisory - Job Opportunity at Grant Thornton Ireland

Dublin, Ireland
Full-time
Senior
Posted: February 8, 2025
On-site
EUR 85,000 - 120,000 per year based on Dublin financial services market and role seniority

Benefits

Comprehensive professional development program
Recognition through Shout Out scheme
Equity, Diversity and Inclusion initiatives
Flexible working arrangements
Global career opportunities across 130+ countries

Key Responsibilities

Lead quantitative risk model validation and assessment programs for major financial institutions
Develop and implement independent model validation frameworks focusing on IRB, IFRS9, CECL, IRRBB, and Stress Testing
Drive business development and client relationship management
Manage and mentor junior team members while leading complex engagements
Provide strategic input on model risk management and regulatory compliance

Requirements

Education

Master's degree or equivalent professional qualification in quantitative risk, business, accounting, finance, economics, maths

Experience

5-7 years experience in relevant financial services roles

Required Skills

Strong analytical and problem solving skills Statistical/coding packages (SAS, R, Python, VBA, C++) MS Word, Excel and PowerPoint Banking regulatory framework knowledge Model validation expertise Communication and stakeholder management Project management under tight timeframes
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Sauge AI Market Intelligence

Industry Trends

Increased regulatory focus on model risk management in banking sector post-Basel III implementation Growing demand for IFRS 9 and CECL expertise as financial institutions adapt to new accounting standards Rising importance of stress testing capabilities due to economic uncertainties Shift towards more sophisticated risk modeling approaches incorporating machine learning and AI

Role Significance

Typically leading a team of 3-5 analysts while collaborating with multiple stakeholders across the organization
Senior position with significant influence on risk management strategy and regulatory compliance

Key Projects

Independent validation of credit risk models for IRB approach IFRS 9 implementation and validation programs Regulatory compliance frameworks development Stress testing methodology enhancement

Success Factors

Deep understanding of banking regulatory landscape and risk modeling methodologies Ability to balance technical expertise with business acumen Strong stakeholder management skills across multiple organizational levels Proven track record in model validation and risk assessment

Market Demand

High demand position due to increasing regulatory requirements and shortage of quantitative risk specialists

Important Skills

Critical Skills

Model validation expertise - essential for core role responsibilities and regulatory compliance Quantitative analysis skills - fundamental for assessing complex financial models Regulatory knowledge - critical for ensuring compliance and providing strategic advice

Beneficial Skills

Programming skills in modern languages like Python - increasingly important for automation and efficiency Business communication skills - valuable for client relationship management Project management capabilities - essential for leading multiple engagements

Unique Aspects

Exposure to diverse client base including GSIBs and European Supranational Institutions
Combination of technical modeling and strategic advisory responsibilities
International project opportunities across Grant Thornton network

Career Growth

Typical progression to Senior Manager within 2-3 years, Director level within 4-5 years

Potential Next Roles

Senior Manager - Risk Advisory Director of Model Risk Management Head of Quantitative Risk Chief Risk Officer

Company Overview

Grant Thornton Ireland

Grant Thornton Ireland is part of a global professional services network with significant presence in risk advisory and financial services

Top-tier professional services firm with strong reputation in financial risk management and regulatory compliance
Leading position in Irish market with strategic expansion across Europe and international markets
Professional yet collaborative environment with strong emphasis on personal development and work-life balance
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