As a Market Risk Quant in the Market Risk Model Validation team at UBS in Mumbai, your role involves independent validation of market risk models in accordance with the UBS model governance policy and regulatory requirements. Your key responsibilities include:
Assessing the model's conceptual soundness and methodology
Checking the appropriateness and quality of input data used for model development
Reviewing the model parameters and accuracy of the model calibration
Reviewing model outcomes and developing alternate benchmark approaches when necessary
Assessing model risk, providing effective challenge to model assumptions, and evaluating model limitations
Writing comprehensive validation reports to document assessments to required standards
Collaborating effectively with stakeholders globally to understand and challenge potential model risks, and communicating validation findings to relevant stakeholders
Supporting ongoing reviews of model performance and model change reviews to ensure models remain fit for purpose
You will be part of the Market Risk team within the Model Risk Management & Control function, which is present in Zurich, Mumbai, Hyderabad, and Pune. The team is responsible for independently validating all Market risk models used within UBS for regulatory and internal risk management purposes. To be successful in this role, you should have:
A Master's degree in financial mathematics, financial engineering, statistics, or a related quantitative field
Proven experience in Market risk or risk modeling or valuation models
Strong coding skills and the ability to apply quantitative techniques to solve practical problems
Understanding of financial products and their market risk exposures, financial markets, and regulatory landscape
Very good communication skills to explain technical topics clearly and intuitively, both in writing and orally
Proficiency in programming languages such as R/python
Fluency in English, both oral and written
Ability to work well in a team, motivate yourself, and organize tasks independently to high-quality standards
UBS is a leading global wealth manager and universal bank headquartered in Zurich, Switzerland, with a presence in over 50 markets worldwide. Collaboration is at the core of UBS's culture, driving success through diverse skills, experiences, and backgrounds of its people. If you require reasonable accommodations throughout the recruitment process, you can always contact UBS Business Solutions SA - UBS Recruiting. As a Market Risk Quant in the Market Risk Model Validation team at UBS in Mumbai, your role involves independent validation of market risk models in accordance with the UBS model governance policy and regulatory requirements. Your key responsibilities include:
Assessing the model's conceptual soundness and methodology
Checking the appropriateness and quality of input data used for model development
Reviewing the model parameters and accuracy of the model calibration
Reviewing model outcomes and developing alternate benchmark approaches when necessary
Assessing model risk, providing effective challenge to model assumptions, and evaluating model limitations
Writing comprehensive validation reports to document assessments to required standards
Collaborating effectively with stakeholders globally to understand and challenge potential model risks, and communicating validation findings to relevant stakeholders
Supporting ongoing reviews of model performance and model change reviews to ensure models remain fit for purpose
You will be part of the Market Risk team within the Model Risk Management & Control function, which is present in Zurich, Mumbai, Hyderabad, and Pune. The team is responsible for independently validating all Market risk models used within UBS for regulatory and internal risk management purposes. To be successful in this role, you should have:
A Master's degree in financial mathematics, financial engineering, statistics, or a related quantitative field
Proven experience in Market risk or risk modeling or valuation models
Strong coding skills and the ability to apply quantitative techniques to solve practical problems
Understanding of financial products and their market risk exposures, financial markets, and regulatory landscape
Very good communication skills to explain technical topics clearly and intuitively, both in writing and orally
Proficiency in programming languages such as R/python
Fluency in English, both oral and written
Ability to work well in a team, motivate yourself, and organize tasks independently to high-quality standards
UBS is a leading global wealth manager and universal bank headquartered in Zurich, Switzerland, with a presence in over 50 markets worldwide. Collaboration is at the core of UBS's culture, driving success through diverse
