Risk Operations Assurance Team Member recruitment
UBS Investment Bank is a global investment banking and securities firm, providing securities and other financial products in equities, fixed income, rates, foreign exchange and metals as well as advisory services and access to the world’s capital markets for corporate and institutional clients, governments, financial intermediaries and alternative asset managers.
Risk Operations is responsible for providing senior IB Operations management and internal partners with independent analysis and assessment of the process, risk and control framework across all IB Operation's functions. Risk Operations are establishing a team to complete a program of continual testing to provide assurance on the operating effectiveness of control standards within operations.
A set of control standards has been established to define minimum requirements for completing processes within Operations. The control standards exist to create a framework to address the inherent risk facing the Investment Bank operations activities. Operations are required to attest annually that they comply with the control standards applicable to their roles and responsibilities. Overall there are more than 10,000 global certifications completed annually.
Recent events have emphasised the need to have a well designed control framework which operates effectively as well as a process to identify inconsistencies in the way that controls have been implemented and operate.
The assurance team member would have the following responsibilities:
a) Review and assess the operating effectiveness of control standards in IB Operations and how they have been implemented by Operations Staff
b) Report findings clearly and concisely to Risk Operations management and Operations Functional Management
c) Provide input into the planning process for establishing a risk based testing matrix
d) Consider whether the control standards have been appropriately interpreted and associated actions are appropriate to manage the risks
e) Where risks are not managed effectively through the existing control environment identify the root cause for the gap
f) Identify action plans in conjunction with the operations line to address the root cause of the weakness in the control environment which are both timely and sustainable
g) Self-motivated individual, able to work independently, requiring minimum levels of supervision.
The scope of the role also includes liaising with Risk Operations staff as well as across Operations lines, WM Shared Services, Operations management and IT (where applicable) and all other relevant functions on both regional and global basis. You will gain exposure to all parts of operations and product types
Requirements;
• Proven related experience in financial services industry with focus on controls, auditing, and operational processes.
• Knowledge and experience in Operational risk in Investment Banking, with a focus on Operations and related risks.
• Strong Organisational Skills
• Graduate Education Required with preference for MBA/CPA/CFA
• Client-facing (internal) experience
• Strong risk and control mindset essential
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.
We can offer you an exciting, fast-paced working environment, a culture of mutual respect and teamwork and the opportunity to play a vital role in our growth. If you are attracted to joining an organization where every individual's contribution counts and where your talent will impact on our future, please apply for this position. It starts with you.
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.