Global Fraud Risk Controller – Wealth Management recruitment

Global Fraud Risk Controller – Wealth Management

83905BR

The primary objective of the WMSB (including WMA) Fraud Risk Controller is to establish an effective fraud risk framework and ensure that identified risks are properly assessed and have adequate remediation plans to reduce risk to an acceptable level. Key responsibilities include:

Developing, Implementing and Continually Assessing the Divisional Anti Fraud Frameworks
o Defining the anti fraud control framework including identification of tail risk scenarios and associated core controls
o Providing expert guidance on the development of relevant policies and control documentation within the Business Divisions
o Agreeing control monitoring requirements (positive affirmation of effective performance) and providing input to the definition of risk appetite (limits and constraints)
o Establishing and maintaining strong links within the industry to ensure that fraud related industry news and regulatory developments are embedded within the Framework

Development of an internal network of anti fraud stakeholders, including Business and Divisionally aligned ORC representatives
o Building close links with, and on going support to, ORC BD teams in relation to anti fraud risks and issues
o Providing oversight and coordination of anti fraud activities across WMSB and WMA

Risk Assessment Analysis
o Helping to develop centralised fraud risk metrics and oversight of decentralised Fraud Risk Metrics across the Business Divisions
o Analysis and follow up on fraud indicators and oversight of controls assessments within WMSB and WMA
o Assessment of known anti fraud control weaknesses and the adequacy of associated remediation activities
o In partnership with other key areas, coordinating root cause analysis on internal fraud risk events and, where deemed relevant, benchmarking analyses on events that occurred in the industry

Remediation Reporting
o Input to divisional remediation programmes
o Providing anti fraud assessment status and ensuring escalation of critical anti fraud issues to WMSB, WMA and anti fraud oversight committees

We are looking for a candidate with strong relationship building and communication skills who has a demonstrated ability to work effectively with and influence people across organizations. The candidate must be a self-starter and entrepreneurial with relevant experience in a global organization and strong knowledge of banking, capital markets / asset management, trading activity and cross-product support functions. This role requires specific technical knowledge and practical experience of anti fraud frameworks, procedures and controls.

Degree educated (Finance, Economics or Risk) with professional qualification preferred (ACA, CIMA, CFA)
2-5 years minimum of relevant experience including the following skills:
Must possess strong knowledge of internal control design, traded product front-to-back processes, cross-product support (incl. roles and responsibilities) and risk management principles.
Must have experience in one or more of trading, product control, middle office, operations, business management, risk control, compliance and auditing (ideally combined with more recent functional experience); good knowledge of anti fraud surveillance information technology.
Product knowledge ? Must have strong technical knowledge of equity products, a solid foundation in the building blocks of traded products, the functioning of capital markets and investment banking activities.
Specialist knowledge ? Must have industry experience in fraud risk mitigation practices. Investigation / interviewing skills are not a primary requirement of this role.
Must have experience in a global, multicultural, performance-driven organization; must have experience in process and organizational design; knowledge of Basel II and Sarbanes-Oxley preferred
Must have knowledge of banking/securities industry regulatory, legal and accounting frameworks.
Additional competencies:
i) Must have strong written and verbal communication skills with the ability to communicate complex issues succinctly and clearly to non-technical persons; Report writing for senior audience
ii) Ability to influence and persuade senior management and peers to adopt ideas
iii) Strong team building, relationship management, and project management
iv) Strong business analysis and problem solving skills. Ability to easily manipulate and analyse a broad range data
v) Demonstrable professional integrity and a strong work ethic
vi) Comfortable with ambiguity
vii) Self starter with a track record of success and progression

UBS can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual. Together we will shape and strengthen the UBS brand.

Want to further your career in a global organization that values individual talent? Apply now at www.ubs.com/careers. We look forward to hearing from you.

Corporate Center

Risk Control

UBS
HR Recruiting Switzerland
Ms. S. Marcilly
+41-44-234 75 51 +41-44-234 75 51