Your role Does modeling excite you? Are you an innovative thinker who likes to challenge the status quo? Are you an engaged and motivated personality who likes to understand the big picture? For our risk model validation team we're looking for an experienced quantitative risk specialist who can do both quantitative validation works independently, as well as assist the team leads in their managerial duties: You are a quant who can: – carry out project-based independent model reviews in line with the UBS model governance policy, notably – assess a model"s conceptual soundness and methodology – check appropriateness of input data, the model assumptions and parameters, the accuracy of the model calibration, as well as of qualitative or expert adjustments, etc. – ensure implementation and model use are fit for purpose – review outcome, impact, or benchmark analyses and/or develop a benchmark model – perform model robustness analysis and identify and evaluate model limitations – verify compliance with regulatory expectations – document the assessment to required standards – interact and discuss with stakeholders (model developers, senior model owner, business representatives and model governance bodies) You are a manager and leader who can assist team leads in the: – planning of validation tasks – tracking of progress and deliveries of projects – guidance of more junior team members, especially the new recruits in our offshore team (India) – buildup of the team (recruitment) – tracking of regulatory developments and interaction with regulators
Your team You'll be working in the Model Risk Management & Control team in Zürich. Our team is responsible for the independent review and challenge of risk models used within UBS. The model universe of your future team covers market and firm-wide risk models including regulatory capital, economic capital, stress testing and internal risk management applications.
Your experience and skills You have: – an education that combines mathematics and in particular statistics with economics (at a minimum a master degree from a renowned university) – 7 - 10 years of experience as a quant with at least 3-5 years of experience in model validation – a very good understanding of financial markets and the banking business, the regulatory landscape, financial accounting, as well as balance sheet dynamics – expert knowledge of the methodology of stress models used for regulatory requirements (e.g. CCAR, LPA), and in more than one area from credit, market, business and operational risk. – very good communication skills and the ability to explain technical topics clearly and intuitively, both written and orally – had previous exposure to regulatory bodies (particularly to FED and Finma) – experience in project management or/and planning activities – worked in great multinational companies with exposure to an international environment and previous interaction with stakeholders from different world regions –
You are: – proficient in data bases and (statistical) modeling software – co-operative and team-orientated, while being able to motivate and organize yourself and complete tasks independently to high quality standards and in time – fluent in English, oral and written
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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.
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