Market Risk Model Validation Quantitative Analyst

Responsibilities

• Perform independent validation of market risk models in accordance with UBS model governance policy and regulatory requirements
• Assess model conceptual soundness, methodology, and the appropriateness of input data and model parameters
• Review model outcomes and develop alternative benchmark approaches to challenge model outputs
• Evaluate model risk by providing effective challenge to assumptions and identifying model limitations
• Write comprehensive validation reports documenting all assessments to required professional standards
• Collaborate with global stakeholders to communicate validation findings and understand potential model risks
• Support ongoing reviews of model performance and model changes to ensure continued fitness for purpose

Requirements

• Master's degree in financial mathematics, financial engineering, statistics, or a related quantitative field
• Proven experience in market risk, risk modeling, or valuation models
• Strong coding skills with proficiency in R or Python
• Deep understanding of financial products, market risk exposures, and the regulatory landscape
• Excellent communication skills with the ability to explain complex technical topics clearly in English

About the Company

UBS is a leading global wealth manager and the leading universal bank in Switzerland, providing diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, UBS is present in more than 50 markets around the globe, driven by a culture of collaboration and excellence.