CCP Risk Manager

UBS; Greater London; On-site; GBP 110,000 - 165,000; Full time

Job summary

UBS in London seeks a CCP Risk Manager to identify key risks arising from clearing venues and to distill complex risk drivers into actionable insights. You will help respond to CCP member defaults and contribute to decision making on auctions and porting portfolios.

The role involves building a scalable CCP crisis management framework and prototype simulation tools for scenario analysis, while reporting risk to senior management.

Qualifications

• 2 to 5 years' experience in CCPs or clearing firms in risk management.
• Broad derivatives knowledge; able to summarize risks for futures and options.
• Fluent in English.
• Bachelor, Master degree or equivalent.
• Strong data science orientation and coding ability.
• Interest in market design, game theory, regulation.
• Experience with risk models like stress tests and VaR.
• Curiosity about AI to improve workflows with policy alignment.

Responsibilities

• Develop a framework for identifying risks by clearing venue.
• Analyze CCP rulebooks and UBS requirements/alternatives in default events.
• Develop group-wide CCP crisis management framework.
• Develop scalable simulation tool prototype for scenario analysis.
• Evaluate risk/reward of UBS's CCP relationships.
• Provide transparent risk reporting to management.

Skills

CCP risk management

Derivatives knowledge

Risk models (VaR, stress testing)

Data interpretation / data science

Coding ability

English fluency

AI in workflows

Education

Bachelor/Master degree or equivalent

Job description

Key Responsibilities

Are you a shrewd evaluator of risk? Are you able to distill complex problems down to their key drivers? Do you know how make the right call in challenging situations?

We’re looking for a CCP Risk Manager to:

• Develop a framework for the identification of key risks by clearing venue, such as member default risk, member concentration risk, contagion effects, auction risk and CCP insolvency
• Perform detailed CCP rulebook analyses and highlight UBS requirements and alternatives in responding to CCP member default events, such as participating in auctions and porting client portfolios
• Develop and manage a group-wide CCP crisis management framework, including the development and maintenance of tools to support decision making in complex scenarios, such as optimal bidding strategy in a default auction
• Develop a scalable simulation tool prototype to help supporting scenario analysis and decision making in a crisis scenario
• Conduct periodic evaluations of the risk/reward trade-offs of UBS's CCP relationships
• Provide transparent risk reporting to management and other internal units

Job Type

Full Time

Job Reference #

342491BR

City

London

The team

You’ll be working in the CCP Risk & Financial Resource Management team in London, and be expected to partner with our colleagues across Global Markets and Credit Risk Control. The team sits within IB President’s Office and is responsible for measuring and managing the commercial risks that arise from interfacing with CCPs and 3rd party brokers. This benefits our continued, sustainable growth in partnership with our clients and Sales colleagues. As a CCP Risk Manager, you’ll play an important role in establishing and developing our newly created front-line team.

Your Skills And Experience

• 2 to 5 years' experience working at or with CCPs or a Clearing Firm, ideally in a risk management capacity, or in a role with considerable exposure to listed derivatives products
• Broad product knowledge of derivatives. Able to understand, quantify and summarise key risks for futures and option contracts across the full spectrum of asset classes
• Fluency in main financial risk management models, such as stress testing and Value at Risk
• Highly organised, hands‑on and proactive, capable of distilling vast amounts of qualitative information into a quantitative framework to support decision making
• Well-versed in the field of data science: ability to envisage a scalable solution to complex data interpretation problems. Coding ability a strong differentiator
• Desirable experience / areas of interest: market design, game theory, financial markets regulation
• Bachelor, Master degree or equivalent
• Fluent in English
• You’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use.

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. Want to find out more? Visit ubs.com/careers.

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.