Job Update: UBS Hiring B.Com, M.Com, BBA, MBA

Overview:

UBS is hiring for an experienced Risk Specialist at their Mumbai location. You’ll be working in the Risk Methodology Department first Line of Defense being part of MPMC team, Mumbai, India. Your main responsibilities will be to maintain and perform model performance monitoring and model confirmations of credit risk models. Our modelling framework captures all products and businesses world-wide ranging from retail to non-retail credit risk (such as Investment Banking, Wealth Management, Lombard, etc.). You will be working with key stakeholders within our Credit Risk Modelling space.

The complete details of this job are as follows:

What will you be doing:

• Assess fitness of credit risk models through model confirmation process which include checking model assumptions and results through statistical tests & assessing overall model risk through quantitative and qualitive risk assessment
• Undertake frequent performance monitoring exercises by assessing key model performance indicators to check robustness of the models
• Perform model confirmations for bank’s credit risk models (both retail and non-retail) and analyse critically the outcomes during the process
• Challenge and provide support to update model methodologies.
• Bring innovation and automation in our model confirmation process
• Collaborate with credit risk managers, business managers, finance, Risk IT, Change and other stakeholders to
• check for proper implementation and execution of risk models (CCAR, CECL, IFRS9) and perform/ support regulatory exercises

Qualifications for this job:

• Bachelors/ Masters in Finance, Financial Mathematics, Statistics or Economics. Bachelors in Engineering with finance background
• Having finance or risk certifications (FRM, CFA, CQF, etc.) are good to have
• Sound practical understanding of financial products and associated risks
• Prior working experience in a credit risk environment would be beneficial together with knowledge of banking regulations such as Basel, CCAR, CECL, IFRS9, etc.
• Ability to apply techniques from numerical analysis, statistics and financial mathematics to solve practical problems
• Experience with high-level programming language, and knowledge of statistical modelling software (e.g., SAS, R, Python)

What skills are needed:

• Preferably have exposure to cloud and Git platforms
• Ability to timely and independently deliver high quality confirmations
• Showing high standards when it comes to report writing in a structured and transparent way
• Excellent communication skills with colleagues at all levels in the organization
• Ability to explain technical topics clearly and intuitively, both written and orally
• Fluency in English, both in oral and written form
• Strong quantitative analytic and modelling skills

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