Credit Risk Model Validation Quantitative Analyst

Job Type
Temporary / Contract

Your role
Are you a quantitative analyst with hands-on working style and enthusiasm to ensure that models are fit for purpose? Are you an inspiring project manager with outstanding stakeholder management skills? Then we are looking for you!

In your role as Credit Risk Model Validation Quantitative Analyst, you’ll:

• challenge appropriateness of model assumptions, its calibration, and qualitative adjustments
• review model performance and develop benchmark models
• evaluate model risk, including identification of limitations and their assessment
• ensure timely completion of validation activities and adherence to internal quality standards including accountability for the delivery of the final report
• manage communication with senior project stakeholders, including discussions of main validation outcomes and agreement of follow-up actions

Your team
You will be working in the Credit Risk models validation unit within the Group Chief Risk Officer organization. Our role is to understand and assess the risks associated with the use of Credit Risk models to determine Probability of Default, Loss given Default and Exposure at Default in line with internal policies and regulatory requirements.

Diversity helps us grow, together. That’s why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.

Your expertise

• strong quantitative modelling skills, MSc or PhD degree in a quantitative field (e.g., econometrics, financial economics, financial mathematics, statistics, engineering, physics, mathematics)
• high standards when it comes to report writing in a structured and transparent way
• strong communication skills and the ability to explain technical topics clearly and intuitively
• experience utilizing programming languages such as R or Python
• preferably knowledge of financial instruments and pricing methodologies, Monte Carlo-like simulation techniques and stress testing methods and financial regulations (e.g., Basel Accords)
• able to manage/coordinate several projects in parallel and persistent in managing stakeholders and enforcing effective model governance
• fluent in English, verbally and in writing
• a role model for other colleagues, who fosters our diverse and inclusive culture

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.

How We Hire

This role requires an assessment on application. Learn more about how we hire: www.ubs.com/global/en/careers/experienced-professionals.html

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?

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.