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Credit & Market Risk

The Opportunity


Credit & Market Risk Function (CMRF) is the core of Credit Risk Management in Bank of Ireland. Not only do we provide independent review and assurance on lending, we’re strategic thinkers who use analytics to help direct the Bank’s strategy.

We support credit decisions for all the Bank’s customers across all segments; from student credit cards, to mortgages and property, to mergers and acquisitions or management buyouts across Ireland, UK and international markets.

The people in CMRF are not just bankers; we’re also, statisticians, mathematicians, engineers, data scientists, accountants, economists, negotiators and real estate experts.



What you can expect in return


The CMRF Graduate Programme offers roles with real responsibilities and deliverables, working alongside some of our most talented credit risk leaders. We will develop your capability, provide you with new skills and challenge you to bring a new perspective to our business.

Over the two year programme, you will be provided with three different credit risk roles with market-leading specialists, on and off the job training to build the necessary knowledge, skills and experience and a contact network to develop a very successful career.


Risk Strategy, Analysis & Reporting

Risk Strategy, Analysis & Reporting provides insight and analysis to the CEO and the Bank’s Court of Directors and uses modelling and statistical analysis to help direct the Bank’s strategy. We evaluate the economic situation now and in the future and predict how this will impact the Bank’s P&L and Balance Sheet.

As a graduate in RSAR, you will work in small, fast paced teams working on live business issues. You will have opportunities to develop analytical skills, prepare reports and models for senior committees and attend strategic business meetings. You will help measure the amount of risk the Bank is exposed to, and demonstrate how the Bank can generate a return on that risk.


Challenged Assets Group

Challenged Assets Group - This team is responsible for leading the overall management of challenged risk in the Group including the development and delivery of appropriate recovery strategies. This is a Group wide function spanning different lending types including property, corporate and SME. You will gain experience in credit risk management and deal structuring whilst developing relationship management skills.  There are also central areas covering strategy and reporting, asset sales and regulatory compliance.


Credit & Market Risk – Corporate & Treasury

Corporate Banking Credit is responsible for critically assessing all lending proposals from Bank of Ireland’s Corporate Banking business.   As a graduate, you will be involved in lending proposals from major Irish and international corporations across Corporate Banking’s three key business units - Corporate Ireland & UK, Global Property Finance, Global Leveraged Finance - in addition to working on transactions from Corporate Banking’s challenged lending unit. Working in the area provides an excellent insight into Bank of Ireland’s large ticket lending to domestic and global businesses and allows you to build relationships, lending and analytical skills in a dynamic and fast paced environment.

The Bank and Country Risk unit is co-located with the Market Risk function and Global Markets and Corporate Banking businesses. The team is responsible for analysing risk in global financial institutions and global economies and for setting bank and country limits for these areas as well as for  Bank of Ireland’s Trade Finance  business.


Retail Credit (Ireland & UK)

Retail Credit (Ireland & UK) is responsible for defining and implementing credit risk management and underwriting standards for consumer and business exposures; and together with the business, for the development of credit strategy and policy, consistent within the Group’s risk appetite. The team covers underwriting, debt re-structuring, credit risk analytics, portfolio management , credit risk modelling and policy and operates in Dublin, London, Belfast and Bristol.

The Retail Credit analytics teams are responsible for the maintenance of our suite of internal capital models and the management of best practice automated credit decisioning technology across our retail products. Demand for data-driven reporting, modelling and insight is growing exponentially with the appetite for digital banking and real-time response rates, cognisant of a changing regulatory environment. Graduates are given the responsibility to work on real data and key strategic initiatives from day one as we seek to develop future industry leaders in credit risk management.


IFRS 9 and Impairment Unit (IIU)

The IFRS 9 and Impairment Unit has a dual mandate: it is responsible for reporting and analysis of loan losses under the current accounting standard; and for the delivery of a new suite of expected credit loss (ECL) models and go-forward operating model, in line with the new global accounting standard IFRS 9 which will be effective from 1st January 2018.

As a graduate within IIU, you will have the opportunity to work as part of a high profile unit responsible for implementing a significant Programme for the Bank of Ireland Group.


The closing date for this application is 31st October.



Fiona McGonigle

BA Mathematics & Education from NUIG

The rotations help you to quickly expand your network. I have been exposed to different areas of the Bank through my rotations. Throughout my first rotation, I gained great insights into Global Markets which I found really interesting. I’m now in a completely different area, doing reporting and analysis on the Bank’s mortgage books. These experiences have given me a much better idea of which area I want to work in when I finish the Graduate Programme.

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