Dear Graduates, Future Colleagues,

We are very proud to launch the 2019 – 2021 Graduate Talent Programme and take a number of bright, enthusiastic, top graduates on a journey to grow their careers with our support. This new and unique programme is specifically targeting graduates interested in joining a best practice Group Risk division. Managing risk is a fundamental part of the financial services management, including a necessary adaptation to regulations that emerged from the global financial crisis, growing competition and innovative banking products offering, as well as technological advances.

Permanent tsb’s Graduate Talent Programme lasts 24 months and is carefully designed to allow new practitioners to gain insight into the various Risk disciplines in the banking environment, through job rotation within your chosen job profile – Data Analytics and Modelling Graduate, or Group Risk Banking Graduate, as well as exposure to other banking disciplines through a combination of short secondments, training and study tours. Our Graduates will have an opportunity to experience a truly authentic banking environment, gain unparalleled experience and skills and build a network with various stakeholders within the Bank, across all levels of seniority and roles. The programme has been tailored to offer career advancement, subject to satisfactory results.

Group Risk Vision, “Setting new standards for Risk Management and strengthening sustainable results for permanent tsb” is deliberately optimistic and forward looking, anchoring the contribution which we aspire to make for permanent tsb, for our own future and the future of our bank.

Permanent tsb Graduate Talent Programme will facilitate your next, right and rewarding move in life.

Best Regards,

GTP Team, permanenttsb.ie

Read the full Foreword

About Risk Management in Permanent tsb

The Group Risk function is an integral part of the way permanent tsb manages risk and ensures that we comply with our regulatory obligations. Group Risk is a key component of the Group's Second Line of Defence and is responsible for overseeing risk management across the organisation. This approach underpins profitable and prudent risk taking throughout the Group.

The Group Risk function comprises units responsible for financial and non‐financial risks, including:

Credit Risk Team

The primary role of the Credit Risk Team is to support the Group in meeting key credit related business objectives in a controlled manner e.g. new lending, which safeguards the Group’s profits and reputation.

The Credit Risk Team also maintains professional relationships with the Regulator and other key stakeholders and independently provides assurance to the Board on the management of credit risk throughout its full life cycle.

The Credit Risk Team embraces the following:

  • Acquisition Strategy and Underwriting
  • Impairments, Management Information (MI) and Credit Policy
  • Decision Science
  • Collection Strategy
  • Business Excellence and Project Management Office (PMO)
Conduct Risk Team

Conduct Risk at permanent tsb is described as the “risk that the conduct of the Group or its staff towards customers or within the market leads to poor customer outcomes, a failure to meet its customers' or regulators’ expectations or breaches of regulatory rules or laws”.

The Conduct Risk team are responsible oversight and challenge of the first line business units in respect of Conduct Risk identification, assessment, monitoring and control in accordance with the Conduct Risk framework.

Governance and Strategy Team

The Governance and Strategy Team report to the Chief Risk Officer (CRO) and are responsible for the creation and maintenance of enhanced governance and standards within Group Risk, in order to ensure the function maintains a credible presence with its stakeholders at all times.

The function achieves its mandate through engaging in risk culture initiatives; monitoring and reporting on the Group’s top risks; co-ordinating and overseeing the development of the Group’s risk appetite framework and statements; and compiling Group Risk reporting for relevant Risk Committees.

Non-Financial Team

The Non-Financial Risk team, reporting into the Chief Risk Officer (CRO), is part of the independent Risk Management Function and is a key component of the Group’s Second Line of Defence. It is responsible for overseeing, monitoring and challenging the implementation and effectiveness of the Bank’s management of Operational and IT risks.

Included in this remit, the team also has responsibility for monitoring the design and operating effectiveness of key controls Bank-wide through setting the approach and standards for, and reviewing the results of, First Line control testing, as well as conducting limited independent Second Line control testing.

Financial Risk and Risk Analytics Team

The role of the Financial Risk and Risk Analytics Team, reporting to the CRO, is to develop and maintain a culture that promotes the integration of robust financial risk management, oversight and controls with relevant regulatory requirements into the business.

Regulatory Compliance Team

The Regulatory Compliance Team is an independent Second Line function that supports the Group Executive Committee and the Board in managing regulatory compliance risk across the PTSB Group. The remit of the team spans across:

  • Conduct of Business Regulations
  • Data Protection, Prudential Regulation
  • Financial Crime Compliance
  • Upstream Risk and Policy
  • Compliance Monitoring

In addition to maintaining a professional relationship with the regulators, the team provides independent reporting to the Board on the management of regulatory risk.

Treasury Risk Oversight

Treasury Risk Oversight is responsible for the oversight of Interest Rate, Foreign Exchange, Counterparty Credit and Liquidity Risks. This encompasses monitoring limit compliance, reviewing proposals from the Treasury and Commercial Teams as well as ensuring robust processes are in place for managing the risks. 

If you are looking for a career that is both challenging and fulfilling, then Group Risk is the place for you.

Pillars of the Programme


  • Multiple rotations across best in class Risk function
  • 3 x 8 month rotations across one of the following:
    • Role Profile Stream 1: Group Risk Data Analytics and Modelling Graduate
    • Role Profile Stream 2: Group Risk Banking Graduate

Learning and Development

  • Best in class learning and career development platform
  • 3-tier support network to facilitate career progression
  • Educational assistance and a study tour


  • Competitive salary and progression opportunities
  • Tailored induction & networking forums
  • Active social and volunteering calendar
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