• Job Description

  Req#: 301015BR

  Job Reference #

  301015BR

  City

  Mumbai

  Job Type

  Full Time

  Your role

  Are you an expert in analytics? Are you an innovative thinker who likes to question the status quo?
  You will be working within the Credit Risk team of Model Risk Management & Controls (MRMC). The team is responsible for the certification and the regular confirmation of all Counterparty Credit Risk models at UBS. We carry out independent model assessments in line with the internal governance of models’ policy and regulatory requirements.
  Are you interested in quantitative risk modelling? Are you wondering where the limitations of a model are? We are looking for someone to:
  o assess the model's conceptual soundness and methodology
  o check appropriateness of assumptions, parameters, model calibrations, qualitative or expert adjustments
  o review outcome, impact, or benchmark analyses and develop a benchmark model (as appropriate)
  o evaluate the model risk, including model robustness analysis, identification of limitations, and their assessment
  o document the assessment to the required standards
  o collaborate with model developers and communicate with key stakeholders across the institution

  Your Career Comeback

  We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.

  Your team

  You'll be working in the Counterparty Overnight Stress Model Validation team within MRMC India. We are a team of 7 people, located in Zurich, Krakow and Mumbai. The team is responsible for the independent validation of the overnight stress framework for the SFT / OTC / ETD portfolios.

  Your expertise

  You have:
  o 7-9 years of experience in quantitative risk modelling, model validation or related fields
  o Strong quantitative and modelling skills with Master’s or PhD degree in a quantitative field (e.g. econometrics, financial economics, financial mathematics, statistics, engineering, physics, mathematics) and preferably a few years of experience in risk modelling, model validation or related fields
  o Proven project management skills, taking end-to-end responsibility regarding quality and deadlines as well as timely escalating of issues
  o Showing high standards when it comes to report writing in a structured and transparent way
  o Strong communication skills and the ability to explain technical topics clearly and intuitively
  o Good computing and programming (coding) skills and experience utilizing programming languages such as R or Python
  o Knowledge of financial instruments and pricing methodologies for OTC/SFT/ETD derivatives and exotics, across various asset classes is preferrable
  o Knowledge of numerical simulation techniques (Monte Carlo-like) and stress testing methods is a plus
  o Familiarity with financial regulations, Basel, CCAR, CRR or IFRS9 is a plus
  You are:
  o Fluent in English, spoken and written
  o A team player with strong interpersonal skills
  o Motivated, well organized, and able to complete tasks independently to high quality standards

  About us

  UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..
  
  We have a presence in all major financial centers in more than 50 countries.

  Join us

  At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
  
  From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?

  Contact Details

  UBS Business Solutions SA
  UBS Recruiting

  Disclaimer / Policy statements

  UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
  
  

• About the company

  UBS is a global firm providing financial services in over 50 countries. Visit our site to find out what we offer in the United States of America.

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