Do you enjoy validating financial models? Do you have a knack for challenging current state processes and identifying risks? We are looking for someone like you to:
-validate Credit Risk models that are used exclusively in the US, and also perform detailed analysis and quality assurance on models validated at UBS Group or at offshore locations, to ensure alignment with SR 11-7, SR 15-18 and other US regulatory requirements.
-interface with US regulators, audit and model sponsors and US senior management on credit risk models, and therefore must be fully familiar with all the models in use and the corresponding regulations in the US.
-act as the first point of contact in the US for all models, including those that are jointly used in the US and UBS Group, to communicate status of validation of these models to US legal entity governing bodies and bridge the time gap between US and the other locations (i.e. London, Zurich and offshore locations.)
-coordinate with Group counterparts and ensure that Group validators as well as offshore teams are fully engaged.
Your team :
You will join the Model Risk Management & Control Team at UBS. We are a medium sized team based in Jersey City, NJ. Our group is responsible for model risk management and validation across all business lines at UBS.
-PhD/Masters in a Quantitative Discipline like Math, Statistics, Engineering, Quantitative Finance with a strong theoretical grounding in advanced probability, statistics, time series analysis and related concepts.
-achieved the Director or VP title equivalent at a reputable financial institution developing or validating credit risk models.
-5+ years of hands on experience in developing or validating Models in Credit Risk. Expert in modelling approaches to PD, LGD and related credit risk concepts.
-strong quantitative developing and modeling skills in at least two of the following languages: R, SAS, Matlab and Python.
-strong communication and presentation skills coupled with the ability to document validation reports effectively.
Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.
We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?
Are you truly collaborative? Succeeding at UBS means respecting, understanding and trusting colleagues and clients. Challenging others and being challenged in return. Being passionate about what you do. Driving yourself forward, always wanting to do things the right way. Does that sound like you? Then you have the right stuff to join us. Apply now.
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.