Level 3- Treasury Professional Economist Economic Research Unit

Profile

 

ROLE: Economist, Economic Research Unit, Treasury

REPORTS TO: Chief Economist

CAREER STRUCTURES: Level 3

CORE JOB: Treasury Professional, Economist, Economic Research Unit

PRIMARY LOCATION: Dublin

VACANCY SCHEDULE:

REGISTER INITIAL EXPRESSION OF INTEREST IN THE ROLE BY SUBMITTING YOUR NAME TO OLIVER MANGAN BY 06/01/22, FOLLOWED BY CV AND RATIONALE FOR YOUR SUITABILITY FOR AND INTEREST IN THE ROLE BY 07/01/22

Closing date for expression of interest: 06/01/22

Submission of application and CV 07/01/22

Expected shortlisting: 12/01/22

Expected Interviews: week beginning 17/01/22

Expected Results: 24/01/22

 

SUMMARY OF ROLE:

A vacancy now exists for Treasury Professional, Economic (Level 3) role in the Economic Research Unit.

While the Economic Research Unit (ERU) is located within Treasury, it acts as the Economics unit for the whole bank, servicing a wide range of internal and external customers. It publishes a considerable amount of research and produces detailed economic and markets forecasts. The Unit does a large number of presentations, both internally and to external customers in the UK and Ireland. It provides considerable support to Treasury, in particular the liquidity and funding desk and CTS. It is also actively involved in investor relations work and meetings.

The unit also plays a critical role in the bank stress tests, planning and ECLs, producing the scenarios and macroeconomic forecasts that underpin these processes, and bringing these forward to ALCo and Board for approval. It is also required to engage in a significant amount of media work on behalf of the bank, especially with regard to the monthly manufacturing and services PMI surveys that AIB sponsors.

The team is small, comprising a Chief Economist, Senior Economist and Economist, but plays a critical role within the bank in regard to stress testing/ECLs/Planning, engaging with institutional investors, briefings for CEO/CFO/Board, analysis of economic risks facing the bank and its customers (e.g. Brexit, Covid-19, interest rate environment) as well as engagements with customers and the media.

 

 

THE KEY ACCOUNTABILITIES/RESPONSIBILITIES ARE AS FOLLOWS

 Working as a key part of a small team in the ERU:

*Collate, analyse, produce and communicate quality real time information and forecasts on all major foreign exchange, interest rate markets and economies in order to support the business objectives of Treasury and the wider AIB Bank *Provide a comprehensive economics service to Treasury, the wider Bank and its customers, by means of daily, weekly, monthly and quarterly economic and market publications and commentaries, including producing detailed economic and market forecasts *Do weekly and monthly economic and market briefings for AIB personnel and teams, especially in the Treasury department *Conduct customer presentations and meetings in both Ireland and the UK *Support the Treasury liquidity & funding desks and AIB Investors Relations in their engagements and meetings with institutional investors, including on AIB road shows *Produce comprehensive forecasts and scenarios for the AIB Stress Testing, ECLs, ICAAP and Planning stress testing exercises, which are presented to ALCo and Board for approval *Provide briefings and information for the CEO and CFO in support of their engagements with stakeholders, customers, the media and on other public forums
 

AIB BRAND VALUES

The role holder will be a strong role model of the AIB Values: Drive Progress, Show Respect, Be One Team, Own the Outcome, Eliminate Complexity.

 

MINIMUM CRITERIA: Please address the following criteria in your rationale for your suitability for and interest in the role.

 

*Minimum two years' experience working as an economist and in a Bank Treasury environment desirable *Given the level of direct interface undertaken by the ERU with customers, investors and senior management, excellent interpersonal and communication skills are required. In particular, good presentational skills are needed *Some knowledge about bank stress testing and the role of macroeconomic scenarios and forecasts in the process desirable *Strong IT and numeracy skills *Masters Degree in a relevant discipline is desirable (i.e. Finance, Economics)
 

 

AS PART OF THE SELECTION PROCESS, THE SUCCESSFUL APPLICANT WILL BE EXPECTED TO DEMONSTRATE THE AIB BEHAVIOURS AND ABILITY IN THE BEHAVIOURAL AND TECHNICAL CAPABILITIES AS REFLECTED BELOW: (Please note that the below capabilities will only be referred to at interview stage)

 

*Customer Focus: Builds and delivers solutions that meet customer expectations by cultivating and maintaining business relationships, partnerships and alliances internally, externally and virtually with key stakeholders. *Collaborates: Proven constructive working relationships and excellent communication skills across internal stakeholders and impacted business areas. A dynamic, confident self-starter with experience of collaborating with colleagues across all areas of an organisation. *Ensures Accountability: Establishes clear responsibilities and processes for monitoring work and measuring results. *Streamline and Simplify: Seeks ways to improve processes, separates and combines activities into efficient workflow
 

*Demonstrates Self-Awareness: Knows strengths, weaknesses, opportunities, and limits. *Be Brave: Readily tackles tough assignments. Faces difficult issues and supports others who do the same. *Team Player: Willingly shares ideas, expertise and knowledge with others, both within the Economic Research Unit and the broader bank
 

BY SUBMITTING AN EXPRESSION OF INTEREST TO OLIVER MANGAN BY EMAIL, YOU ARE CONFIRMING THAT YOU HAVE HAD THE RELEVANT CONVERSATION WITH YOUR PEOPLE LEADER.

 

Further information on this role is available from Oliver Mangan, Chief Economist, (****) or your respective SMT member.

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