Front Office Risk Manager - Clearing & FXPB

UBS; City of Westminster; On-site; GBP 75,000 - 90,000; Full time

Job summary

A leading global financial services company in the City of Westminster is looking for a Risk Manager to oversee counterpart and liquidity exposures, ensure client viability, and provide detailed risk reporting. Candidates should have 8-10 years of experience in financial markets, a strong background in derivatives, and proficiency in risk management models. This position offers a collaborative environment and opportunities for professional growth within a diverse team.

Qualifications

• Minimum 8-10 years' experience in risk management or related fields.
• Understanding of key financial risks and models.
• Experience with cleared products desired.

Responsibilities

• Manage counterpart and liquidity exposures.
• Assess and negotiate new client portfolios.
• Provide transparent risk reporting to management.

Skills

Financial markets experience

Product knowledge of derivatives

Fluency in risk management models

Strong IT skills

Proactive and organized

Experience in Python/VBA/SQL/C++

Education

Bachelor or Master's degree in a quantitative area

Job description

We're looking for a Risk Manager to:

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

• a minimum of 8-10 years' 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
• LI-GB

Our Culture and Values

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.

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.

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.

Your Team

You'll be working as part of the Financing Risk Management team in London and be expected to partner with our colleagues across Global Markets. We provide risk analysis, structuring and pricing solutions across the Equity Prime Brokerage, FX Prime Brokerage, Global Synthetic Equity, Listed Derivative Clearing and OTC Clearing business areas. The team is global with people based in London, New York and Hong Kong. This benefits our continued, sustainable growth in partnership with our clients and you will play an important role in developing the first‑line team with a focus on Clearing and FXPB activities.