Quantitative Analyst - Rates

UBS; New York (NY); On-site; USD 225,000 - 243,000; Full time

Job summary

UBS in New York is seeking a highly qualified quantitative analyst to develop and extend analytics libraries, partnering with QA teams to deliver cross-asset risk management and P&L solutions.

You will interact with trading and control functions on modelling and quantitative matters, applying machine learning insights and contributing to models for interest rate derivatives and related products. This role offers collaboration across teams and opportunities to influence quantitative workflows.

Qualifications

• Strong academic background in a quantitative field (mathematics, physics, engineering, etc) at a Masters or PhD level.
• Proficiency in programming (especially C++ or Python)
• Knowledge of quantitative finance, derivative pricing and/or machine learning techniques
• An understanding of financial products and markets, especially interest rate derivatives, with demonstrable hands-on experience in Interest Rate Options, Lightly Structured and Exotic Rate products and their modelling.
• Experience with calibration and risk-based P&L analysis of Interest Rate Option & Term-Structure models.
• Ability to communicate complex ideas in a fluent and articulate manner
• 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.

Responsibilities

• Develop and extend functionality within analytics libraries to cater for business and regulatory requirements
• Work closely with other QA teams to develop cross-asset solutions for risk management and P&L reporting
• Have frequent interaction with trading and control functions to provide support on modelling and quantitative matters

Skills

Mathematics/Physics/Engineering (MSc/9

C++

Python

Quantitative finance

Machine learning

Communication

AI/ethics awareness

Education

Masters or PhD in quantitative field

Tools

C++

Python

Job description

Key Responsibilities

Do you love an intellectual challenge? Are you dedicated to quality design? We're looking for someone outstanding who can:

• Develop and extend functionality within analytics libraries to cater for business and regulatory requirements
• Work closely with other QA teams to develop cross-asset solutions for risk management and P&L reporting
• Have frequent interaction with trading and control functions to provide support on modelling and quantitative matters

Job Type

Full Time

Job Reference #

344368BR

City

New York

Key Responsibilities

Do you love an intellectual challenge? Are you dedicated to quality design? We're looking for someone outstanding who can:

• Develop and extend functionality within analytics libraries to cater for business and regulatory requirements
• Work closely with other QA teams to develop cross-asset solutions for risk management and P&L reporting
• Have frequent interaction with trading and control functions to provide support on modelling and quantitative matters

The team

The Rates Quantitative Analytics (QA) team is the Front Office group responsible for the development and maintenance of models used for the valuation and risk management of the firm's trading positions in interest rate, credit and hybrid derivatives. The team works closely with multiple internal clients including trading, IT and control functions, as well as other QA teams in the firm, such as Equities, FX and the central infrastructure team.

Your Skills And Experience

• Strong academic background in a quantitative field (mathematics, physics, engineering, etc) at a Masters or PhD level
• Proficiency in programming (especially C++ or Python)
• Knowledge of quantitative finance, derivative pricing and/or machine learning techniques
• An understanding of financial products and markets, especially interest rate derivatives, with demonstrable hands‑on experience in Interest Rate Options, Lightly Structured and Exotic Rate products and their modelling.
• Experience with calibration and risk-based P&L analysis of Interest Rate Option & Term-Structure models.
• Ability to communicate complex ideas in a fluent and articulate manner
• 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.

Salary information

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

• United States - New York - New York min USD 225000 - max USD 242500 /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.