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Your role

Are you an expert in analytics? Are you an innovative thinker who likes to challenge the status quo? Do you know how to work well within a team and deliver effective solutions? We're looking for someone to carry out independent validation of forecasting models used in the UBS U.S. entity in Pre-Provision Net Revenue (PPNR) area, by

• assessing the model's conceptual soundness and methodology
• evaluating appropriateness of input data, model assumptions and parameters, calibration accuracy as well as of qualitative or expert adjustments, etc.
• reviewing model outcome, and performing impact analysis, benchmark and robustness analyses
• identifying model limitations and evaluating overall model risk
• documenting the assessment to required standards
• interacting and collaborating with stakeholders such as model developers, modeler users, line of business, model governance representatives in order to safeguard the quality of our model risk management framework

Your team

You’ll be working in the US Model Risk Management & Control team responsible for the independent validation of the CCAR PPNR models used in UBS U.S. entity. . Our role is to understand and assess the risks associated with the use of models throughout our firm. We focus on models used to monitor operational risks such as money laundering, rogue trading or market manipulations, as well as artificial intelligence models used across our bank. We are responsible for identifying corrective actions that promote model risk management process improvements and ensuring the timely remediation of identified issues. Our team interface with key stakeholders, US regulators and internal auditors to discuss justification and reasoning behind validation and review findings.

Your expertise

• a minimum Master’s degree in Economics, Mathematics, Statistics, Quantitative Finance; PhD is a plus.
• knowledge of Investment Banking business and products is preferred.
• 2-3 years of working experience in model validation or model development, preferably in a bank or a management consulting firm. Advanced degree may be considered for part of experience.
• familiarity with SR 11-7 regulatory guidance for model risk management.
• knowledge of model forecasting and statistical modeling approaches (ie. linear regression model, time series, error-correction model etc.).
• knowledge of financial markets and products.
• strong coding skills in excel, R, Python, SAS, MATLAB or similar.
• strong technical writing and communication skills. Fluency in English; both oral and written is strongly preferred.
• a team player with strong interpersonal skills.
• Motivated, well organized, and able to complete tasks independently to high quality standards.
• excellent English language skills, ability to prepare and present reports and presentations to senior level stakeholders.

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.

Model Validator Quantitative Analyst MRMC Americas | UBS - Experienced professionals - job boards