Market Risk
The non-core credit, legacy and REM MRC team is responsible for understanding and controlling the risks in the various desks in the non-core credit, legacy and CVA functions. There are many products types traded in these books, with the primary risk of these often being credit risk. These products range from vanilla bonds and CDSs to the more complex structured credit derivatives and CVA.
As the successful candidate you will:
- oversee the daily risk analysis of the books under our oversight
- proactively and independently analyse the trading book to ensure focus is given to the material risks
- understand the complexities of structured derivative credit trades, including the risks that are not easily visible
- understand the complexities of CVA risk management and ensure risks are transparent
- using market knowledge, understand the implications of hedging strategies
- perform analysis on structured trades to ensure the trades all risks are visible
- be able to understand the modelling implications used for the various products
- provide leadership and training for the team members
Your key interactions would therefore be with traders, the market risk reporting team and the quants.
Requirements -
You need to be a free-thinking individual with the ability to perform independent analysis for a variety of situations (e.g. reviewing new types of complex trades, risk management of positions, determining whether processes are coherent, etc).
You should have good problem solving skills with preferably a degree (or equivalent) in a maths/science/engineering discipline.
You need to have credit product and market knowledge; ideally also other other asset classes. You do not need to be a quant, but need to have enough modelling knowledge to be able to understand modelling implications, liaise with quants and train junior team members..
You must possess excellent written and oral communication skills; this is especially important given the complexity of the trades and attention to detail needed.
You need to be pragmatic, enthusiast, and be willing to get your ‘hands dirty’ on the job.
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.
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