Holders of the Guinness World Record for the "Largest Fireworks Display" ever recorded and "Largest Pyrotechnic Image", Fireworks by Grucci is a sixth-generation, family-owned and operated company. Known as "America's First Family of Fireworks," the Gruccis have transformed the night skies to the delight of millions across the globe since 1850. They are world-renowned for pyrotechnic artistry, scientific innovation and old-fashioned values. Their signature performances include the official celebration of the 200th Anniversary of the National Anthem “Star Spangled Spectacular,†in Baltimore, countless performances in and around Las Vegas, NV., seven consecutive U.S. Presidential Inaugurations; the Olympic Games in Beijing, Salt Lake City, Los Angeles and Lake Placid; commemorations such as the Centennial of the Statue of Liberty and star-studded extravaganzas including the grand opening of the Atlantis Dubai and the Palm Jumeirah Island in the United Arab Emirates. On New Year’s Eve 2013, a stunning performance displaying 479,651 fireworks made its debut above Dubai’s iconic skyline. The Gruccis achieved their “Largest Fireworks Display†title with this performance and smashed the Guinness Book of World Record’s preceding mark. Phil Grucci currently serves as President/CEO of Fireworks by Grucci, Inc. and Pyrotechnique by Grucci, Inc., the manufacturing entity of the Grucci group of companies.... |
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.