Front Office Business Risk Expert

UBS • New York, NY

250d • $135,000 - $160,000

About The Position

The candidate will be working in the Business Control Unit (BCU) within the Risk & Trading function of UBS Global Markets reporting to the head of the unit. BCU will be a unit focused on early detection of potential signs of client distress covering a wide range of risks, such as regulatory, compliance, exchange, settlement, execution, and lending risk. The candidate will be responsible for understanding the types of risk a client can introduce that could put them in distress. They will develop strong relationships with key stakeholders including Business and Risk Heads, Compliance, Regulatory Relations, and Risk Control. The candidate will understand the current counterparty risk management practices of UBS across Global Markets and interpret how the BCU can add value to decision making. They will provide transparency to stakeholders on risks seen as assessed by BCU and will be involved in the ongoing monitoring of client exposures, activity, significant market events, and key regulatory and exchange considerations.

Requirements

• 3+ years experience working within financial markets.
• Varied experience of risk assessment frameworks of clients and business models.
• Knowledge of settlement and execution risk preferred.
• Operational risk experience is advantageous.
• Familiarity with how clients use brokers.
• Highly organized, hands-on, and proactive.
• Strong IT skills and systems experience with coding knowledge in Python, R, VBA, SQL, or C++ preferred.
• Bachelor's or Master's degree in a quantitative area such as Mathematics, Computer Science, Engineering, or Financial Engineering.
• Fluent in English.

Nice To Haves

• Experience in operational risk.
• Strong analytical skills.

Responsibilities

• Work within the Business Control Unit (BCU) in the Risk & Trading function.
• Focus on early detection of potential signs of client distress.
• Understand various types of risks that could put clients in distress.
• Develop relationships with key stakeholders including Business and Risk Heads.
• Provide transparency on risks assessed by BCU.
• Monitor client exposures, activities, and significant market events.

Benefits

• Flexible working arrangements including part-time, job-sharing, and hybrid working.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree