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- Tasks: Evaluate counterparty credit risk and improve business processes through innovative audits.
- Company: UBS, the world's largest global wealth manager with a diverse and inclusive culture.
- Benefits: Flexible working options, opportunities for growth, and a supportive team environment.
- Why this job: Make a real impact by safeguarding UBS and enhancing critical business processes.
- Qualifications: Master's degree and 5+ years in counterparty credit risk with strong analytical skills.
- Other info: Collaborative environment with a focus on AI and continuous learning.
The predicted salary is between 43200 - 72000 £ per year.
Overview
Job Reference #
326990BR
City
London
Job Type
Full Time
Your role
Are you a sharp evaluator of counterparty credit risk, who enjoys investigating complex business processes and products? Do you want to play a key role in improving the effectiveness of business-critical processes to help safeguard and strengthen UBS? At UBS, we have re-imagined the way we work, the way we connect with each other – our colleagues, clients and partners – and the way we deliver value. Being agile will make us more responsive, more adaptable, and ultimately more innovative: We’re looking for an Audit-Expert to:
- Drive or work as a team member on reviews and audits of specific business areas including providing practical, innovative and value-added solutions to issues identified.
- Evaluate the design and operative effectiveness of counterparty credit risk controls making recommendations for improvements where necessary.
- Conduct reviews of counterparty credit risk, in various business areas across the IB and GWM including Central Counterparties, Financial Institutions such as Banks and Insurance companies, Hedge Funds and Mutual Funds and provide practical, innovative and value-added solutions to issues identified.
- Meet our internal standards for the quality, execution and documentation of work, taking account of divisional, functional, regional and legal entity coverage expectations, where required.
- Highlight where controls are functioning well or where UBS needs to act to better manage current and emerging risks and escalate any significant concerns appropriately.
- Where relevant, develop issues and audit reports according to our internal reporting and issue disposition standards that are fully supported by the work done and require minimal feedback from reviewers.
- Leverage Data Analytics to drive efficiency of audit processes and risk assessment and monitoring across Group Risk Control.
- Successfully collaborate with peers in and across audit teams.
- Build and maintain constructive relationships with colleagues and relevant stakeholders at all levels including senior management.
- Analyze and assess the risks of specific business areas reviewed.
Your team
In our agile operating model, audit crews are aligned to business and functional areas, products and services and consist of a number of autonomous pods. The role will focus on audits covering primarily counterparty credit risk controls, CCR exposure metrics (stressed and unstressed), concentration and wrong way risks. Additionally, we periodically support front to back audits across other divisions such as the Investment Bank.
Your expertise
- Master’s degree with ideally 5 or more years of experience in a similar position, preferably with experience in counterparty credit risk across the three line of defense
- Strong product knowledge across cleared and non-cleared derivatives, prime brokerage, Repo and securities lending
- Strong analytical skills and quantitative approach to problem solving
- Able to work independently, quickly understand complex processes and challenge the status quo, identifying risks and inadequacies in processes
- Willingness to keep up with industry, regulatory developments and learn new concepts and methods.
- Strong written and verbal communication skills
- Ability to effectively communicate with senior 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 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. And we use artificial intelligence (AI) to work smarter and more efficiently. 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.
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Audit Expert, Counterparty Credit Risk Audit employer: UBS
Contact Detail:
UBS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit Expert, Counterparty Credit Risk Audit
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and audit sectors. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings at UBS!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of counterparty credit risk and current market trends. Practice common interview questions and think about how your experience aligns with UBS’s values. Confidence is key, so show them you’re the right fit!
✨Tip Number 3
Don’t forget to leverage our website for job applications! It’s super easy to apply directly through StudySmarter, and you’ll get access to exclusive resources that can help you stand out from the crowd.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from your conversation to remind them why you’re the perfect candidate for the Audit Expert position.
We think you need these skills to ace Audit Expert, Counterparty Credit Risk Audit
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Audit Expert role. Highlight your experience in counterparty credit risk and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. We love seeing genuine enthusiasm for the position.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these skills in past roles. We want to know how you approach problem-solving and risk assessment!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at UBS
✨Know Your Stuff
Make sure you brush up on counterparty credit risk concepts and the specific products mentioned in the job description, like cleared and non-cleared derivatives. Being able to discuss these topics confidently will show that you're not just a candidate, but a knowledgeable expert.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills during the interview. Think of examples where you've successfully identified risks or improved processes in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.
✨Communicate Effectively
Since the role involves liaising with senior stakeholders, practice articulating complex ideas in a straightforward manner. You might want to prepare a few key points about how you've communicated effectively in past roles, especially when dealing with challenging topics.
✨Emphasise Collaboration
UBS values teamwork, so be ready to discuss how you've collaborated with others in your previous positions. Share specific instances where you worked as part of a team to achieve a common goal, highlighting your ability to build constructive relationships.
