Logo of Huzzle

Home

Matches

Explore

Manage

MRMC

image

UBS

3mo ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Mumbai

AI generated summary

  • You have an MSc (PhD preferred) in a quantitative field, coding skills in R/Python/MATLAB, analytical skills, and a strong interest in financial markets. You’re fluent in English and a team player.
  • You will validate PPNR models, assess conceptual soundness, review data and assumptions, analyze robustness, document assessments, and collaborate with stakeholders to ensure model risk quality.

Requirements

  • You have:
  • a MSc degree in Mathematics, Physics, Statistics, or quantitative Economics; PhD is a plus
  • knowledge of financial markets and products, strong interest in the financial services industry, preferably in risk management.
  • strong coding skills in R, Python, MATLAB or similar
  • excellent analytical skills
  • curiosity and a thirst for innovation
  • You are:
  • fluent in English, oral and written
  • a team player with strong interpersonal skills
  • motivated, well organized and able to complete tasks independently to high quality standards

Responsibilities

  • Are you an expert in analytics? Are you an innovative thinker who likes to challenge the status quo? Do you know how to work well within a team and deliver effective solutions? We're looking for someone like that to carry out independent validation of models used in the UBS group PPNR models area, by assessing the model's conceptual soundness and methodology checking appropriateness of input data, model assumptions and parameters, calibration accuracy as well as of qualitative or expert adjustments, etc. reviewing outcome, impact, performing benchmark and robustness analyses identifying model limitations and evaluating overall model risk documenting the assessment to required standards interacting and collaborating with stakeholders such as model developers, users, model governance representatives in order to safeguard the quality of our model risk management framework

FAQs

What is the main focus of the MRMC role at UBS?

The main focus of the MRMC role is to carry out independent validation of models used in the UBS group specifically in the Pre-Provision Net Revenue (PPNR) models area.

What qualifications are required for this position?

A MSc degree in Mathematics, Physics, Statistics, or quantitative Economics is required; a PhD is a plus.

What coding skills should a candidate possess for this role?

Candidates should have strong coding skills in R, Python, MATLAB, or similar programming languages.

What kind of team will the candidate be working with?

The candidate will be working in the Model Risk Management & Control team responsible for the independent validation of the PPNR models used at the Group level.

Is prior experience in the financial services industry necessary?

While it is preferred, strong interest in financial services and risk management is essential.

What are the working arrangements offered by UBS?

UBS offers different working arrangements including part-time, job-sharing, and hybrid (office and home) working.

What interpersonal skills are sought after for this position?

Strong interpersonal skills and the ability to work effectively as a team player are sought after.

How does UBS ensure diversity within its workforce?

UBS is an Equal Opportunity Employer and respects and seeks to empower each individual, supporting diverse cultures, perspectives, skills, and experiences.

image

UBS

Helping you answer some of life's most important questions

Finance
Industry
10,001+
Employees
1862
Founded Year

Mission & Purpose

From gaining new experiences in different roles to acquiring fresh knowledge and skills – at UBS we believe that you should never stop growing and learning because life never stops teaching. We know that it's our people – with their unique backgrounds, skills, experience levels and interests – who drive our ongoing success. Ready to be part of #teamUBS and make an impact? Find out more at ubs.com/careers. UBS works with individuals, families, institutions, and corporations around the world to help answer some of life's questions – whether through award winning wealth management advisory, investment banking and asset management expertise, or private and corporate banking services in Switzerland*. In June 2023, Credit Suisse became a UBS Group company. With more than 124,000 colleagues around the world**, we collaborate across all major financial centers in 50 countries**. Although we all come from different backgrounds and specializations, two things unite us: the conviction that we’re stronger together, and the will and curiosity to constantly innovate. That’s the key to us unlocking our full potential (and what we look for in everyone who joins us). It’s also why we’re regularly recognized as an attractive employer.*