Model Risk Manager

Job Title: :

Model Risk Manager

Vacancy ID :

099426

Vacancy Type :

Permanent

Post Date :

14-Jan-2026

Close Date :

20-Feb-2026

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.

The responsibilities of a Manager in Model Risk is to provide the first level of review and sign-off for all validation work within the Model Risk area. A key aspect of this role is the periodic validation of newly developed Interest Rate Risk in the Banking Book (IRRBB) models, driving improvements in validation practices, and engaging with senior management and stakeholders to facilitate effective model risk governance. In addition to this, the role will involve ensuring that all validations are completed within the agreed timeframe and according to documented regulatory guidelines. As part of the role, oversight of the automated validation processes, and the model risk assessment process, may be required as will management of all Business-As-Usual activities, including the Issues Log. An important part of this role is to develop the behaviours and performance of team members through effective performance development and performance reviews. The role will involve supporting Senior Managers/Head of Financial Risk with Model Risk in challenging model design, development implementation and use, and in setting out the validation planning schedule.

This team works in parallel to the Financial Risk team, with both teams reporting to the same Head of Function. As such there is scope for cross-team work with the Financial Risk team, who are responsible for the on-going monitoring and oversight of the treasury/capital risk elements of the Group (counterparty credit, interest rate and FX risk, liquidity risk, and regulatory capital).

Responsibilities:

• Support and monitor the work of analysts in your team to ensure accuracy and timeliness.
• Provide the first level of review and sign-off for all validation work in the areas of model monitoring and robotics-and-replication.
• Present and provide your opinion as to the fitness for purpose of models to Model Owners and Governance committees which is a condition for approval for use.
• Work with your Senior Managers/Head of Financial Risk with Model Risk to plan and develop the validation schedule.
• Ensure that all validations are completed within the agreed timeframe and according to documented guidelines and internal standards.
• Drive enhancements in validation frameworks and methodologies, particularly for emerging IRRBB models and related risk parameters.

Requirements:

• A high level of quantitative ability up to at least undergraduate degree level in a highly numerically oriented subject such as physics, mathematics, statistics, econometrics, quantitative finance, actuarial science, engineering or general science.
• Well-developed report writing and presentation skills and an ability to interact at senior levels in the organisation.
• A proven ability to communicate the output of quantitative analysis, in particular to a non-technical audience who will need to make decisions based on your advice.
• Previous experience in a model development or model validation role.
• Good and proven programming ability in any language, e.g., Python, Java, SAS, R, etc.
• Good analytical, problem-solving, communication, organisational, and interpersonal skills.

This is a Permanent position, based in Dublin (Hybrid).

Is this you?

Please apply online on our website or via the apply link of this role. Your application will be sent through to our Talent Acquisition team and they will be in touch regarding your application.

We reserve the right to draw up a shortlist for interview.

The Bank understands the importance of a consistent and relentless focus on championing diversity and inclusion. We aim to attract, recruit, and retain individuals with diverse backgrounds, skills, competencies and abilities to work collaboratively to enhance the service we provide to all of our customers and the communities we serve.