Economist, Climate Risk

Job Reference #
258414BR

Job Type
Full Time

Your role
Are you passionate about the interaction between climate change, macroeconomics and financial markets? Does financial and economic forecasting excite you? Are you an innovative thinker?

We’re looking for an Economist, Climate Risk like you who can:

play a lead role in project managing our main climate change initiatives and new developments related to stress testing
perform economic analysis for the identification and assessment of macroeconomic and financial risks related to climate change
construct alternative forecasts and scenarios for business planning and stress testing purposes, with a focus on forecasting financial indicators such as equity indices, interest rates and exchange rates for countries, sectors and regions
utilize methodologies and econometric models for forecasting macroeconomic and financial variables under baseline and stress conditions
demonstrate soundness of scenario assumptions by means of robust research and monitoring of environmental, political, macroeconomic and market developments
interact with different teams across UBS for scenario analysis
be actively involved in the main regulatory initiatives and resulting new developments

Your team
You’ll be working as part of our Scenario Development (SDE) team within Forecasting and Scenario Methodology (FSM) and be based in London or Zurich. Our team is responsible for all aspects of economic stress testing and scenario analysis. Our main focus is on global macroeconomic and financial risks, as well as the development of baseline and stress scenarios for UBS and its regional entities. The scenarios are developed using research, subject-matter expertise, use of econometric models and input from management and other experts within UBS.

Stress scenarios represent an area of continuous development, as they are increasingly adopted by banks to assess the impact of external shocks on their business and by regulators to assess the resilience of the financial sector and the economy to adverse events and trends, including environmental concerns.

Your expertise

a Master’s degree in a relevant quantitative field (e.g. economics, macroeconomics, environmental economics, financial economics). Exceptional candidates without a Master’s degree but with highly relevant additional work experience will also be considered
at least three years’ work experience in a related role
keen interest in the interaction between climate change, macroeconomics and financial markets
experience involving economic analysis, forecasting of macroeconomic and financial variables, econometric modelling or generation of macroeconomic scenarios
solid knowledge of macroeconomic and financial indicators
strong analytical, problem-solving and synthesizing skills (you know how to figure things out)
team-oriented but able to complete tasks independently to a high standard
a strong communicator, able to clearly explain technical topics to non-technical audience
proactive, organized, and detail-oriented
fluent in English, with strong writing skills

About Us
UBS is the world’s largest and 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.

With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?

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.