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- Tasks: Join us as a CCP Risk Manager, tackling complex risk challenges daily.
- Company: UBS is a global leader in wealth management, committed to diversity and employee growth.
- Benefits: Enjoy flexible working options and a supportive, inclusive culture.
- Why this job: Make a real impact in risk management while collaborating with top professionals.
- Qualifications: 1-3 years in risk management; knowledge of derivatives and financial models required.
- Other info: Fluency in English and coding skills are strong advantages.
The predicted salary is between 43200 - 72000 £ per year.
Are you a shrewd evaluator of risk? Are you able to distil complex problems down to their key drivers? Do you know how to 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 identifying 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, highlighting UBS requirements and alternatives in response to CCP member default events, including participation in auctions and porting client portfolios.
- Complete resource optimization exercises related to centrally cleared OTC/ETD exposures to minimize scarce resources such as Leverage Ratio Denominator (LRD), Risk Weighted Assets (RWA), and collateral posted.
- Develop and manage a group-wide CCP crisis management framework, including tools to support decision-making in complex scenarios, such as optimal bidding strategies in default auctions.
- Create a scalable simulation tool prototype to support scenario analysis and decision-making during crises.
- Conduct periodic evaluations of the risk/reward tradeoffs of UBS's CCP relationships.
- Provide transparent risk reporting to management and internal units.
- Engage with other parts of the Investment Bank in change-the-bank projects, focusing on CCPs.
You will be working in the Risk & Resource Management team in London, focusing on CCPs, collaborating with colleagues across Global Markets and Credit Risk Control. The team is responsible for measuring and managing risks from interfacing with CCPs and third-party brokers, supporting UBS’s growth in partnership with clients and sales teams.
As a CCP Risk Manager, you will play a key role in establishing and developing our newly created front-line team.
Your expertise:
- 1 to 3 years' experience in risk management or roles with significant exposure to derivative products.
- Broad knowledge of derivatives, capable of understanding, quantifying, and summarizing key risks across various asset classes, with ETD and OTC derivatives experience being a plus.
- Fluency in financial risk management models like stress testing and VaR.
- Highly organized, proactive, and capable of translating qualitative information into quantitative frameworks.
- Knowledge of data science, with coding skills being a strong advantage.
- Desirable: experience or interest in market design, game theory, and financial regulation.
- Bachelor’s, Master’s degree, or equivalent.
- Fluent in English.
About UBS: UBS is the world’s largest and only truly global wealth manager, operating through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. We are present in over 50 countries, with a commitment to diversity, inclusion, and flexible working options. We value collaboration and are dedicated to supporting our employees’ growth and success. We are an Equal Opportunity Employer committed to diversity and inclusion. Reasonable accommodations are available upon request during the recruitment process.
IB Risk & Resource Management employer: UBS Financial Services
Contact Detail:
UBS Financial Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IB Risk & Resource Management
✨Tip Number 1
Familiarise yourself with the specific risk management frameworks and models used in the industry, particularly those related to CCPs. Understanding stress testing and Value at Risk (VaR) will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Network with professionals already working in risk management or derivatives. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 3
Showcase your analytical skills by preparing case studies or examples of how you've previously identified and managed risks. Be ready to discuss these scenarios in detail during your interview to demonstrate your problem-solving abilities.
✨Tip Number 4
Stay updated on current financial regulations and market design principles. This knowledge will not only help you in interviews but also show your genuine interest in the role and the broader implications of risk management.
We think you need these skills to ace IB Risk & Resource Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and derivatives. Use specific examples that demonstrate your ability to evaluate risks and manage complex scenarios, as these are key aspects of the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and UBS. Discuss your understanding of CCPs and how your skills align with the responsibilities outlined in the job description. Be sure to mention any relevant projects or experiences.
Highlight Technical Skills: Given the emphasis on data science and coding skills, make sure to include any technical proficiencies you have. Mention specific programming languages or tools you are familiar with, especially those related to financial risk management models.
Showcase Soft Skills: The role requires strong organisational and proactive skills. Provide examples in your application that illustrate your ability to work collaboratively, manage multiple tasks, and communicate effectively with various stakeholders.
How to prepare for a job interview at UBS Financial Services
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a CCP Risk Manager does. Familiarise yourself with key concepts like member default risk and auction risk. This will help you answer questions confidently and demonstrate your knowledge.
✨Prepare for Technical Questions
Given the technical nature of the role, be ready to discuss financial risk management models such as stress testing and VaR. Brush up on your understanding of derivatives and how they relate to risk management, as this will likely come up during the interview.
✨Showcase Your Problem-Solving Skills
The job requires distilling complex problems into manageable parts. Prepare examples from your past experience where you've successfully navigated challenging situations or made critical decisions under pressure. This will highlight your analytical skills.
✨Demonstrate Collaboration and Communication
Since the role involves working with various teams, be prepared to discuss how you’ve collaborated in the past. Highlight your ability to communicate complex information clearly, as this is crucial for engaging with different stakeholders within the bank.
