Front Office Risk Manager – Clearing & FXPB

Overview

We’re looking for a Risk Manager to manage counterpart and liquidity exposures for the EMEA Clearing & FXPB business area, ensuring that clients are maintained within appetite. You will work to manage distressed client situations liaising directly with the Client, Credit Risk Control, Senior Management and other stakeholders to minimise the risk of loss to UBS. You will monitor client exposures, significant market events and key industry developments on an ongoing basis. You will assess new client portfolios and negotiate legal and margin terms. You will review client profitability and understand key drivers of LRD and RWA, monitor client trading limits and intraday activity / alerts, develop new margin and risk models, and provide transparent risk reporting to management and other internal stakeholders.

Responsibilities

• manage counterpart and liquidity exposures for the EMEA Clearing & FXPB business area, ensuring that clients are maintained within appetite
• manage any distressed client situations liaising directly with the Client, Credit Risk Control, Senior Management and other stakeholders to minimise the risk of loss to UBS
• monitor on an ongoing basis client exposures, significant market events and key industry developments
• assess new client portfolios and negotiate legal and margin terms
• review client profitability and understand key drivers of LRD and RWA
• monitor client trading limits and intraday activity / alerts
• develop new margin and risk models
• provide transparent risk reporting to management and other internal stakeholders

Qualifications / Expertise

• extensive experience working within financial markets in a risk management capacity, trading or in a role with considerable exposure to this business area
• broad product knowledge of derivatives. Able to understand, quantify and summarise key risks for forwards, swaps and option contracts
• fluency in main financial risk management models, such as CCP margin models, stress testing and Value at Risk
• experience with cleared products from a front to back perspective and strong industry and product knowledge
• highly organised, hands-on and proactive, capable of distilling vast amounts of qualitative information into a quantitative framework to support decision making
• strong IT skills and systems experience with some coding knowledge and regular use of Python, VBA, SQL or C++
• desirable experience / areas of interest: market design, game theory, financial markets regulation
• Bachelor, Master degree or equivalent in a quantitative area such as Mathematics, Computer Science or Engineering

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.

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 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.