IB Risk & Resource Management

UBS Financial Services; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player seeks a dynamic CCP Risk Manager to lead risk management for derivatives. This role involves developing risk frameworks, optimizing resources, and creating simulation tools for crisis scenarios. Collaborating with Global Markets and Credit Risk Control, you'll play a pivotal role in managing risks associated with central clearing. Join a diverse team that values flexibility and collaboration, ensuring your contributions significantly impact the firm's growth and client partnerships. If you're passionate about financial risk and eager to make a difference, this opportunity is for you.

Qualifications

• 1-3 years experience in risk management or derivatives.
• Fluency in financial risk management models like stress testing and VaR.

Responsibilities

• Serve as the first line of defence risk manager for derivatives.
• Develop a framework for identifying key risks by clearing venue.

Skills

Risk Management

Derivatives Knowledge

Financial Risk Management Models

Data Science

Coding Skills

Education

Bachelor’s Degree

Master’s Degree

Tools

Stress Testing Models

Value at Risk (VaR)

Job description

Job Opening: CCP Risk Manager at UBS

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

We’re looking for a CCP Risk Manager to:

1. Serve as the first line of defence risk manager for centrally cleared ETD and OTC house derivatives.
2. Develop a framework for identifying key risks by clearing venue, such as member default risk, member concentration risk, contagion effects, auction risk, and CCP insolvency.
3. Perform detailed CCP rulebook analyses, highlighting UBS requirements and alternatives in response to CCP member default events, including participation in auctions and porting client portfolios.
4. Complete resource optimization exercises related to centrally cleared OTC/ETD exposures to minimize scarce resources such as Leverage Ratio Denominator (LRD), Risk Weighted Assets (RWA), and collateral posted.
5. Develop and manage a group-wide CCP crisis management framework, including tools to support decision-making in complex scenarios, such as optimal bidding strategies in default auctions.
6. Create a scalable simulation tool prototype to support scenario analysis and decision-making during crises.
7. Conduct periodic evaluations of the risk/reward tradeoffs of UBS's CCP relationships.
8. Provide transparent risk reporting to management and internal units.
9. Engage with other parts of the Investment Bank in change-the-bank projects, focusing on CCPs.

You will be working in the Risk & Resource Management team in London, focusing on CCPs, collaborating with colleagues across Global Markets and Credit Risk Control. The team is responsible for measuring and managing risks from interfacing with CCPs and third-party brokers, supporting UBS’s growth in partnership with clients and sales teams. As a CCP Risk Manager, you will play a key role in establishing and developing our newly created front-line team.

Your expertise

• 1 to 3 years' experience in risk management or roles with significant exposure to derivative products.
• Broad knowledge of derivatives, capable of understanding, quantifying, and summarizing key risks across various asset classes, with ETD and OTC derivatives experience being a plus.
• Fluency in financial risk management models like stress testing and VaR.
• Highly organized, proactive, and capable of translating qualitative information into quantitative frameworks.
• Knowledge of data science, with coding skills being a strong advantage.
• Desirable: experience or interest in market design, game theory, and financial regulation.
• Bachelor’s, Master’s degree, or equivalent.
• Fluent in English.

About UBS

UBS is the world’s largest and only truly global wealth manager, operating through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. We are present in over 50 countries, with a commitment to diversity, inclusion, and flexible working options. We value collaboration and are dedicated to supporting our employees’ growth and success.

We are an Equal Opportunity Employer committed to diversity and inclusion. Reasonable accommodations are available upon request during the recruitment process.