Equity Derivatives Middle Office Control recruitment

The role is within the Equity Derivatives Middle Office function, overseeing a large range of controls across all functions within EMEA Equity Derivatives Middle Office (Operations). The team has daily interaction with Equity Derivatives Sales, Trading and Support teams, other Operations areas, Finance and IT. The team also has regular interaction with Senior Equities Management in Operations and the Business. There is also an offshore framework built into the process providing preliminary analysis and investigation.

The Control team offers a fast paced, challenging work environment and requires an individual who has strong drive and commitment, as well as possessing excellent communication skills. The successful candidate will also demonstrate a high standard of professional behaviour and the ability to quickly develop their business and technical expertise. The ability to confidently resolve issues and develop strong relationships with colleagues and clients is essential.
The Equity Derivatives Middle Office Control Manager will require an excellent understanding of ‘Front to Back’ Investment Banking processes, across Flow, Exotics and other equity derivatives, as well as a strong knowledge of Operational Risk and the control processes that aim to mitigate this risk. Excellent communication skills are needed when dealing with all internal parties, as well as the ability and willingness to challenge, to effectively build relationships, to manage and network amongst people are a pre-requisite, as this role places a high emphasis on the interaction with a range of clients and other stakeholders in a number of functions and locations.

The role primarily involves, but is not limited to managing two teams (one based in London and one based in Shanghai), who perform a variety of regular control tasks and identify, manage and proactively resolve risk issues. The successful candidate is also expected to be the primary point of escalation for any issues and act as a conduit to senior management, as appropriate.

Providing management oversight and support for activities which have regulatory risk and control implications for the EMEA Equity Derivatives Middle Office, including:
- Intersystem and Internal reconciliations
- Brokerage control
- Transaction Processing Risk Reviews
- Business Continuity Management
- Regulatory Reporting (FSA)
- Sox Testing / Supporting Audit reviews
- Balance Sheet Substantiation
- Halt of Business management
- Loss Reporting
2. Providing Management and other internal clients analysis and reporting for the activities which have regulatory risk and control implications – In particular, escalating risks appropriately
3. Providing expertise and support to other specific regulatory risk and control related initiatives
4. Providing expertise in driving an improvement in the controls environment through influencing other Middle Office functions and recommending infrastructure improvements.
4. Liaising with global colleagues to maintain a consistent approach and to leverage existing processes in other regions that can be applied in EMEA
5. Providing support to each EMEA Equity Derivatives Middle Office teams for any regulatory risk and control related activities
6. Managing ad-hoc Control centred projects and performing detailed root cause analysis investigation where required
7. Risk and KPI monitoring for offshore teams.

UBS is an equal opportunity employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce.