UBS Global Decision Support Lead – Equity Derivatives Product Control recruitment
UBS is a leading global financial services firm. Our Investment Bank is one of the world’s top global investment banking and securities firms, providing a full spectrum of products to institutional and corporate clients, intermediaries, government and hedge funds worldwide.
The Finance Department at UBS Investment Bank is organised via a matrix of regional and global functions. Regional Controllers ensure the accuracy and integrity of our legal entity accounts and that all accounting, legal, tax and Regulatory requirements are met. Global Business Unit Controllers are business aligned to provide product, valuation and accounting control as well as value added management information and decision support. Taken together, they ensure that standards, policies and procedures are applied efficiently and effectively across the Investment Bank.
The Equities Product Control team are primarily responsible for the controlling and reporting of the global equities Business, a substantial business unit of the Investment Bank, and to provide management information support to senior heads of the equities business. This global team has over 150 staff based in London, Stamford, Sydney, Hong Kong, Tokyo and Zurich.
Decision Support (DS) is a function that is at the forefront of managing Product Control relationship with key stakeholders. Product Control acts as a CFO to the business and is pro-active in business analysis and assessing key risks. DS takes the lead in understanding derivatives risk items, driving their elimination, and by driving transformational programs that deliver product control requirements. It will also look to create the most efficient structure for performance of the control of the more complex accounting issues within the group.
We are looking for a global lead to help drive through a number of deliverables within the decision support and wider product control space. The main elements of the role are:-
Global coordinator for risk based PL vs. explain PL project
Interface with Accounting Control and Accounting Policy for complex accounting
Assist in the migration of PLs to new reporting system
Assist implementation of value add funding and balance sheet reporting
Assist in creating a global balance sheet review process and estimates including SPE accounting
Oversight and execution of global Own Credit and NPV processes
Managing revisions and enhancements to Own Credit process
Review and approve all regional NBIs, CTAs, BCIs and desk approvals
Coordinate the production of weekly, monthly and quarterly PL/BS commentaries
Management of balance sheet velocity and termloan execution process
Compilation of packs for recurring meetings, for example weekly mgmt pack, FBR, GEDOC etc
Liaison with Change The Bank (CTB) to ensure appropriate testing and signoff for risk system releases
Ad hoc work supporting Global PC head.
The role will include liaison with the Market Risk, Accounting Control, Operations, Valuations and Change departments. The candidate should be comfortable interacting with senior individuals across these functions.
The ideal candidate will come from a product control background with some experience of driving through change within product control.
They will have strong analytical and communication skills required combined with a good understanding of the business environment.
This is a great opportunity for someone to tackle as many initiatives as possible across a varied portfolio.