Director, Quantitative Analyst

UBS; New York (NY); Hybrid; USD 193,000 - 250,000; Full time

Job summary

UBS Securities LLC in New York, NY is seeking a Director, Quantitative Analyst to lead high-priority quantitative risk analytics and model development for pricing and risk management of derivatives.

You will analyze live products, enhance in-house tools, and liaise with front office while acting as the first line of defense for model risk. Hybrid in-office/remote work is available.

Qualifications

• Master’s degree or foreign equivalent in Engineering, Quantitative Finance, Applied Mathematics, Computer Science, or related field plus six (6) years of experience.
• Experience building and maintaining quantitative financial models and risk frameworks.

Responsibilities

• Develop and program high-priority quantitative risk analyses and pricing/risk models for derivatives.
• Analyze live financial products and in-house quantitative tools; monitor modelling libraries.
• Assist front office with understanding sensitivities and model governance for risk management.

Skills

C++

Python

GitLab

Education

Master’s degree or foreign equivalent in Engineering, Quantitative Finance, Applied Mathematics, Computer Science, or related field

Job description

Job Type

Full Time

Job Reference #

343962BR

City

New York

Key Responsibilities

UBS SECURITIES LLC is seeking a Director, Quantitative Analyst in New York, NY

Are you an innovative thinker? Do you enjoy delivering enhanced change capabilities across a range of business functions? Are you passionate about IT process automation using cutting edge tooling platforms?

We’re looking for a Director, Quantitative Analyst to:

• Develop and program high-priority quantitative risk analyses, including implementing new features and improvements to UBS’s pricing and risk framework. Develop models for pricing and risk management of financial derivatives
• Analyze and monitor live financial products and indices. Analyze in-house quantitative and trading tools and coding libraries
• Investigate and assess trade values and risks and underlying quantitative index strategies models. Assist front office roles, including trading, sales, and structuring in understanding the sensitivities of such derivatives and the elements that go into the fair price of such financial offering
• Act as the first line of defense for model risk. Understand the consequences of modelling decisions in various market conditions and scenarios, and liaise with the control functions to confirm the adherence to the model governance policies and standards of the investment bank
• Can work hybrid (In-office/remote)

Salary Range & Work Schedule: $192,500 to $250,000/year, 40 hrs/wk. This notice is being posted in connection with an application for permanent Alien Labor Certification. Any person may comment or provide documentary evidence bearing on this application to: U.S. Department of Labor, Employment and Training Administration, Office of Foreign Labor Certification, 200 Constitution Avenue NW, Room N-5311, Washington, DC 20210.

The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.

The team

Diversity helps us grow, together. That’s why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.

You’ll be working with the Quantitative Analyst team in New York, NY.

Your Skills And Experience

Education & Experience Requirement:

• Master’s degree or foreign equivalent in Engineering (any), Quantitative Finance, Applied Mathematics, Computer Science, or related field of study plus six (6) years of experience in the job offered or as a Quantitative Strategist, Cross-Asset Quant, Quantitative Analyst, or related occupation.

Position requires experience with the following:

• C++; Python; Gitlab; Implementing, maintaining, and modifying quantitative financial models; Reporting on analytical progress and results; Financial modeling; Equity swaps and convertible bonds; Improving risk management; Creating profit and loss attribution reports for equity indices; Index rules; Dividends; Corporate actions and planned additions.

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.

Salary information

The indicative gross base salary range as a full-time equivalent role:

• United States - New York - New York min USD 192500 - max USD 250000 /annum

The expected salary for this role will be determined by relevant factors which may include but are not limited to, role-required experience, qualifications, education, location and skill level. UBS offers a range of competitive benefits and for further information, please visit ubs.com/employee-benefits. We may, at our sole discretion, provide additional variable compensation or awards.

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.