Credit Risk Model Validation Quantitative Analyst

Your role

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? Were looking for someone like that to carry out independent validation of models used in the UBS corporate credit risk area, by

• assessing the models 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
  
  

Job Type

Full Time

Job Reference #

317543BR

City

Mumbai

Your team

Youll be working in the Corporate Credit Risk Model Validation team within MRMC India. We are a team of 25 people, located in Zurich, Mumbai, and Pune. The team is responsible for the independent validation of the Corporate Credit Risk models used for various regulatory and internal purpose e.g., Pillar-1, Pillar-2, IFRS-9, internal credit risk controls etc.

Your expertise

• a MSc degree in quantitative Finance, Mathematics, Statistics, or quantitative Economics;
• 5+ years of working experiences in model validation or model development, preferably in a bank or a consulting firm
• knowledge of financial markets and products, strong interest in the financial services industry, preferably in risk management.
• knowledge and experiences in statistical and economic modeling techniques, ie. Linear regression, logistic regression, Probit Regression, time series, error correction model etc.
• Experience in low default portfolio modelling/ validation would be preferred.
• strong coding skills in R, Python, or similar
• excellent analytical skills
• curiosity and a thirst for innovation
• 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
  
  

About Us
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.

We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.

Join us

At UBS, we know that its our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

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