UBS' Credit businesses actively trade Corporate Bonds, CDS, Loans as well as Structured Credit Products such as CLOs, synthetic CSOs, CLNs, FTD/NTD baskets and various interest rate/credit hybrids.
The Market Risk team is broadly responsible for closely monitoring the portfolio risk of the Credit businesses to ensure that risk exposures are appropriately diversified, that the risk profile is in line with UBS's appetite, and that non-standard risks are adequately identified and controlled.
The successful applicant will play a key role in understanding market risk undertaken by the Credit businesses ranging from reviewing daily trading activity, market activity and resulting risk profiles and P&L evolution to the detailed analysis of individual positions. Participation in local, regional and global ad-hoc risk investigations / projects will be a part of the role.
The role requires someone with strong mathematical skills as well as experience in the analysis of credit markets who has the desire to understand in detail the risk profile of traded products and the markets they operate in, who has excellent interpersonal skills to deal with traders and support staff from a wide range of functions within the bank, and who can effectively prioritize their workload in a fast moving and dynamic environment. They will be expected to show initiative and to recommend and implement efficiencies or improvements where necessary. Given UBS’ significant investment in technology for Risk Management and for the Credit Trading businesses, a deep understanding of Trading systems and risk management infrastructure would be very helpful.
The ideal background would be someone coming out of a rating agency who has an understanding of credit risk and rating. This role could be filled at the Associate Director or Director level.
Basic Qualifications
3-5 years experience in risk-related functions within a global investment bank, buy-side institution or rating agency.
Bachelora degree or international equivalent.
Preferred Qualifications
The ideal candidate will have shown through their career the ability to adapt and learn and will have been rewarded with stretch assignments and promotion. They are now looking for a change that will give them the opportunity to progress to senior management levels in a highly regarded Risk Control function.
