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Description:
Job Summary and Mission:
As the Chief Risk Officer (CRO) UBS Bank USA, you monitor and assess portfolio risk in all portfolios managed by UBS Bank USA. The CRO also has responsibility for the identification and assessment of relevant Operational Risks with the support of the Risk Assessment team.
Key Responsibilities:
- Serve as part of the Market Risk Control function and is responsible for the independent monitoring, proactive identification and assessment of portfolio risks and concentration risks in all portfolios managed by UBS Bank USA.
- Monitor all relevant limits established for UBS Bank USA (Value at Risk, Stress Loss and Issuer Exposure but also any relevant Operational limits)
- Determine that market risks are within the firms defined and approved risk capacity
- Act as the "Entity Market Risk Officer" for UBS Bank USA
- Verification of trading PnL in cooperation with the trading desk
- Reporting of Market Risk exposure within UBS Bank USA and within the Market Risk function
- Analysis of significant exposure and/or PnL swings and reporting
- Analysis of the overall impact of proposed transactions and/or hedging strategies
- Review of valuation models and risk methodologies used by UBS Bank USA and review of relevant model assumptions (i.e. pre-payment risk assumptions etc.)
- Review and approve requests for temporary limit extensions according to assigned authority levels
- Review and approve new business proposals from UBS Bank according to assigned authority levels
- The CRO for UBS Bank also has responsibility for the identification, assessment and reporting of Operational Risks and works with the Business functions to continuously improving processes and procedures as well as the effectiveness of controls to reduce exposure to Operational Risk. For the assessment of Operational Risk, the CRO will get support from the Risk Assessment team WMA
- Verify that business functions have completed and effective risk management processes in place to manage and mitigate operational risk
- Assessment of operational risk with a focus on cross-functional implications
- Advising the business on all relevant aspects of the Operational Risk Framework
- The CRO UBS Bank further actively follows financial market development and assesses risks and their (potential) impact on existing positions or businesses
- Review and develop policies and procedures to implement an effective risk control environment
- Stay informed about actual development of Credit Risk exposure, margin calls etc.
Qualifications:
- 5 years of related experience
- Bachelors Degree, Master Degree preferred
- Strong knowledge of markets (with an emphasis on fixed income) as well as their inherent liquidity and reputation risks
- Strong quantitative skills and an excellent understanding of risk management tools and structures in a market risk environment including underlying assumptions, limitations and their impact on hedging and risk representation
- Computer skills including Microsoft office products
- Proven ability to work independently in a challenging environment, comfort working on multiple activities simultaneously, the ability to take personal ownership and work on tight schedules where required
- Excellent written and oral communication skills
Salary/Benefits: Salary commensurate with experience
UBS can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual.
Job Location: Salt Lake City, UT
Job Number: 51111BR
Company URL: http://www.ubs.com /
Company Profile:
UBS is a client-driven global financial services firm. Corporate Center partners with the business divisions to ensure that the firm operates as an effective and integrated whole with a common vision and set of values.
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