Audit Expert, US Credit & Global Commercial Lending/Credit Risk Audit

Your role

Are you a sharp evaluator of 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 a Credit Risk Audit Expert to:

• plan and timely execute audits and issue assurances in line with expected budgets
• meet our internal standards for the quality, execution and documentation of work, taking account of legal entity coverage expectations
• highlight where controls are functioning well or where UBS needs to act to better manage current and emerging risks, and expand any significant concerns 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
• 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

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 teams. The US Credit and Global Commercial Lending Team (including UK and Europe SE) is part of the Credit Risk Audit Crew. The role will be based in London and focus on audits covering primarily the Credit Risk Control functions that oversee the US Wealth Management and global Investment Bank lending businesses. Additionally, we periodically support audits of the first line of defense for specific products within Wealth Management and the Investment Bank.

Your expertise

• Bachelor’s degree with experience in a similar position focused on corporate lending within the Investment Bank or Wealth Management
• 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 verbal and written communication skills
• Solid credit risk foundation with in‑depth understanding of (i) IB corporate lending, including Leveraged Finance and/or Private Credit / Equity or (ii) problem loan and impaired asset management
• Understanding of local regulatory requirements (e.g., OCC Heightened Standards in the US) is an asset
• proficient user of Microsoft office applications
• Data Analytics / AI experience a plus

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe. We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves.

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. 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.