UBS Head of Equity Derivatives Complex and Hybrids Product Control recruitment

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 Business Unit 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 240 staff based in London, Stamford, Sydney, Hong Kong, Tokyo and Zurich.

This team will also engage in implementations required to deliver enhanced control processes around the GGL.

The controller will manage the Equity Derivatives Complex and Hybrid team in the London-based group.  

The role is managing a seven person team responsible for:-

Review of Daily PL validation and reporting to traders and senior management.

Daily, Weekly and MTD Commentary relating back to opening Risk and Market movements

Balance sheet validation and analysis.

Understanding and overseeing the Accounting for all aspects of the Complex and Hybrid business

Liaison with trading desk, Valuations, Operations, financial Reporting etc to discuss and resolve ad hoc issues concerning bookings, valuations, new business and other areas.

Working on Change the Bank initiatives that impact the Complex and Hybrid portfolio.

Core responsibilities of the role include:

Oversight of the controllers verifying and reporting the daily PL and daily/monthly commentary.

Oversight of Balance Sheet validation and sign off on the Balance Sheet.

Ensure all processes are followed within a robust control environment.

Execution of core controls in compliance with SOX and other control requirements.

Recommending ways to improve information flow, PL reporting, and value to Equity management.

Interaction with business Management, Operations, Regulatory, Accounting, Reporting and Risk Management and building strong relationships with these groups.

The business is fast moving and is large in terms of size and complexity, thus requiring a proactive, dynamic, and motivated individual to join the team. Excellent analytical, communication and people skills are required combined with a sound understanding of the business environment.

The ideal candidate will be:

A qualified accountant

Knowledgeable of equity derivative products, ideally exotics

Have experience leading a team

Have experience interacting with and influencing senior stakeholders

Have a strong control mindset