Front Office Risk Manager - Clearing & FXPB

UBS; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading global financial services firm in London is seeking a Risk Manager to manage liquidity and counterparty risks. The ideal candidate will have 8-10 years of experience in financial markets, a deep understanding of derivatives, and proficiency in financial risk management models. This role involves collaborating with various stakeholders to mitigate risks and enhance client satisfaction. The firm values diverse skills and offers opportunities for professional growth, making it an excellent choice for career returners.

Benefits

Flexible working options

Supporting career returners

Qualifications

• Minimum of 8-10 years’ experience in financial markets risk management.
• Broad product knowledge of derivatives.
• Fluency in financial risk management models.
• Experience with cleared products from a front to back perspective.
• Strong IT skills with coding knowledge.
• Desirable experience in market design and financial regulation.

Responsibilities

• Manage counterpart and liquidity exposures.
• Liaise with clients and stakeholders to minimize risk.
• Monitor client exposures and market events.
• Assess new client portfolios and negotiate terms.
• Provide transparent risk reporting to management.

Skills

Financial risk management

Quantitative analysis

Derivatives knowledge

Organizational skills

Python

SQL

Education

Bachelor or Master degree in Mathematics, Computer Science or Engineering

Tools

Python

VBA

SQL

C++

Job description

Job Reference #

331321BR

City

London

Job Type

Full Time

Your role

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
• 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

Your Career Comeback

We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.

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.

Your expertise

• 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

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.