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As the largest bank in the UAE, FAB has taken decisive steps as a regional pacesetter in the financial industry to bind both ambition and action together to accelerate the pace of positive environmental change. As the first bank in the MENA region to have committed to a target of net-zero emissions by 2050, we're making advances across our own operations in addition to walking alongside our clients as their strategic partner to ensure they can achieve their climate goals.... |
Bangalore, India
Full-time
Sub Division: Operational, Technology, Fraud Risk, Risk Assurance, and Model Validation
Division: Group Risk Management
Company Description
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.
FAB GBS India is looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
Job Purpose:
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.
FAB GBS India is looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Key Accountabilities:
Quantitative Analysis
Use programming skills for working hands on model validation data analysis, perform statistical tests.
Use statistical knowledge to interpret and advise on the statistical tests results.
Stakeholder interaction
Work across multiple teams (Model Development, Credit, Credit Risk) to understand data issues, modelling and business-related issues for performing good model validation.
Work closely with GBS and remote HO validation team.
Write final validation reports as per regulatory expectations.
Governance Functions
Keep the Model inventory updated.
Onboard new models, Action items and their timelines.
De-commission retired models.
Send follow up reminders on existing Action items.
Mentorship
Beside working hands-on on validation projects, should also have the necessary aptitude to mentor junior team members, review their work and ensure high quality final delivery.
Senior Management Support
Support the senior management in HO to prepare presentations and response for committee meeting, Audit etc.
Job Context:
Specific Accountabilities
Understand all key statistical tests used for modelling viz. model stability, accuracy and risk discrimination and their consequent impact on Bank’s risk profile.
Should challenge model development teams on techniques, model design, variables logic etc.
Keep close watch on Audit and regulatory expectations and incorporate them during validation assessment.
Maintain timelines and expected quality for final deliverables.
Qualifications
Minimum Qualification
Bachelors / Master’s degree in quantitative science (statistics, mathematics, economics) from a reputed institution.
Minimum Experience
8+ years of experience in successfully executing Model Validation and Monitoring role for a bank of similar product landscape and complexity.
Should have hands-on validation experience on Corporate Ratings Models and Regulatory models (IFRS9 - PD, EAD and LGD)
Should have understanding of traditional and new modelling techniques: linear and logistic regression, timeseries, Decision Tree etc. & Random Forest, XGboost, Neural Networks, etc), Pluto tasche method.
Should have experience and strong knowledge of SAS, Python and R. Should be willing to learn newer technologies which are open source based and should be comfortable in working in collaborative manner on a cloud based environment.
Excellent interpersonal & communication skills – verbal and written, and have experience of working with stakeholder.
Full-time
Sub Division: Operational, Technology, Fraud Risk, Risk Assurance, and Model Validation
Division: Group Risk Management
Company Description
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.
FAB GBS India is looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
Job Purpose:
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.
FAB GBS India is looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Key Accountabilities:
Quantitative Analysis
Use programming skills for working hands on model validation data analysis, perform statistical tests.
Use statistical knowledge to interpret and advise on the statistical tests results.
Stakeholder interaction
Work across multiple teams (Model Development, Credit, Credit Risk) to understand data issues, modelling and business-related issues for performing good model validation.
Work closely with GBS and remote HO validation team.
Write final validation reports as per regulatory expectations.
Governance Functions
Keep the Model inventory updated.
Onboard new models, Action items and their timelines.
De-commission retired models.
Send follow up reminders on existing Action items.
Mentorship
Beside working hands-on on validation projects, should also have the necessary aptitude to mentor junior team members, review their work and ensure high quality final delivery.
Senior Management Support
Support the senior management in HO to prepare presentations and response for committee meeting, Audit etc.
Job Context:
Specific Accountabilities
Understand all key statistical tests used for modelling viz. model stability, accuracy and risk discrimination and their consequent impact on Bank’s risk profile.
Should challenge model development teams on techniques, model design, variables logic etc.
Keep close watch on Audit and regulatory expectations and incorporate them during validation assessment.
Maintain timelines and expected quality for final deliverables.
Qualifications
Minimum Qualification
Bachelors / Master’s degree in quantitative science (statistics, mathematics, economics) from a reputed institution.
Minimum Experience
8+ years of experience in successfully executing Model Validation and Monitoring role for a bank of similar product landscape and complexity.
Should have hands-on validation experience on Corporate Ratings Models and Regulatory models (IFRS9 - PD, EAD and LGD)
Should have understanding of traditional and new modelling techniques: linear and logistic regression, timeseries, Decision Tree etc. & Random Forest, XGboost, Neural Networks, etc), Pluto tasche method.
Should have experience and strong knowledge of SAS, Python and R. Should be willing to learn newer technologies which are open source based and should be comfortable in working in collaborative manner on a cloud based environment.
Excellent interpersonal & communication skills – verbal and written, and have experience of working with stakeholder.
