United Kingdom

Risk

Investment Bank

Your role

Are you a shrewd evaluator of risk? Are you able to distil complex problems down to their key drivers? Do you know how make the right call in challenging situations?

We’re looking for a CCP Risk Manager to:
• Serve as the first line of defence risk manager for centrally cleared ETD and OTC house derivatives
• Develop a framework for the identification of key risks by clearing venue, such as member default risk, member concentration risk, contagion effects, auction risk and CCP insolvency
• Perform detailed CCP rulebook analyses and highlight UBS requirements and alternatives in responding to CCP member default events, such as participating in auctions and porting client portfolios
• Complete resource optimization exercises relating to centrally cleared OTC/ETD exposures to minimize scarce resource such as Leverage Ratio Denominator (LRD), Risk weighted assets (RWA) and collateral posted.
• Develop and manage a group-wide CCP crisis management framework, including the development and maintenance of tools to support decision making in complex scenarios, such as optimal bidding strategy in a default auction
• Develop a scalable simulation tool prototype to help supporting scenario analysis and decision making in a crisis scenario
• Conduct periodic evaluations of the risk/reward tradeoffs of UBS's CCP relationships
• Provide transparent risk reporting to management and other internal units
• Engagement with other parts of the IB in change-the-bank projects, with focus on CCPs.

Job Reference #

318021BR

City

London

Job Type

Full Time

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 Risk & Resource Management team in London (focus on CCPs), and be expected to partner with our colleagues across Global Markets and Credit Risk Control. The team sits within Global Markets IB President’s Office and is responsible for measuring and managing the commercial risks that arise from interfacing with CCPs and 3rd party brokers and is responsible for measuring and managing the commercial risks that arise from interfacing with CCPs and 3rd party brokers. This benefits our continued, sustainable growth in partnership with our clients and Sales colleagues. As a CCP Risk Manager, you’ll play an important role in establishing and developing our newly created front-line team.

Your expertise

• 1 to 3 years' experience working in a risk management capacity, or in a role with considerable exposure to derivative products
• Broad product knowledge of derivatives. Able to understand, quantify and summarise key risks for futures and option contracts across the full spectrum of asset classes with ETD and OTC derivatives being a distinct advantage
• Fluency in main financial risk management models, such as stress testing and Value at Risk
• Highly organised, hands-on and proactive, capable of distilling vast amounts of qualitative information into a quantitative framework to support decision making
• Well-versed in the field of data science: ability to envisage a scalable solution to complex data interpretation problems. Coding ability a strong differentiator
• Desirable experience / areas of interest: market design, game theory, financial markets regulation
• Bachelor, Master degree or equivalent
• Fluent in English

*LI-GB

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 know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

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.