European Head of Flow Products Risk and Control recruitment

The Flow Products Risk Control team performs a critical role with its functional face off to FXMM, Securities Operations and Prime Services functions within the IB globally. This comprises Securities Settlements, Asset Servicing, Cash Equities Middle Office, Fixed Income Securities Middle Office, SBL Middle Office, FXMM and Prime Client Services. Working closely with these teams to ensure a robust control framework exists, including: SAR risk meetings, SOPs, Checklists, Escalation Matrices, Daily Production Meetings, EOD reporting, testing evidencing, with a drive towards real-time risk management. Continuing to reinforce and deepen a risk-management focused culture, with ownership and accountability at all ranks.

Risk Control enable functional management and RTB teams to meet the required standards. This requires both control implementation support as well as functional assessment of control effectiveness.

As we strengthen and evolve our risk and control environment we are looking for a Risk Control European Head who is highly responsive, enthusiastic, dedicated, excellent man management skills, willing to challenge the status quo and possess strong communication and influencing skills. The candidate will require a deep technical background in Operations with the ability to apply risk and control principals in this area. As the role is a Regional responsibility, we expect the candidate to shape an overall strategy which will help to achieve risk mitigation, procedural improvements and application of common consistent standards

2012 will see a re-setting of the risk bar and an environment tending towards zero tolerance for risk failure.

Responsibilities include:
• Manage a team of approximately 8 FTE
• Responsible for people development, objective setting performance reviews for the team
• Face off to Risk Ops in Europe, ensuring team meet central targets and deadline
• Drive control initiatives implementation, e.g. GBSOV+, ORF2 / ICAP assessment, etc. by leveraging resources across different functions and regions
• Evolve the global control framework
• Perform deep dives and control effectiveness sample testing
• Enhance our risk reporting capabilities towards near real-time risk management
• Monitor non-transactional controls, e.g. ORI, Audit and SOX action plans
• Support the monthly GBSOV sub-ledger sign off process
• Represent department in cross spoke control discussions
• Monitor operational errors and losses
• Segregation of duty policing
• Become a trusted partner of the Global and Regional Functional Heads of Flow Products Operations

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.