Stress Testing & Validation Role - BFS (7-15 yrs)
Are you interested in financial modelling? Are you able to clearly communicate complex ideas? Do you enjoy working in a highly specialized team that develops and delivers stress testing solutions? We are looking for someone like that to:
- Carry out model confirmations for scenario expansion models in line with the relevant policies and guidelines; which includes Confirmation of a model's conceptual soundness and methodology
- Performing an evaluation of changes to the model environment, including macroeconomic factors, etc.
- Reviewing the output of the model and the monitoring of its performance
- Use techniques from econometrics, financial mathematics, machine learning and quantitative risk management to develop, assess, and change scenario expansion models.
- Implement models in R and produce clear documentation
- Bring new quantitative modeling ideas to our team to push ahead key projects within UBS
- Interact and discuss with key stakeholders (senior model owners, business representatives, model validation teams and model governance committees)
- You'll be working in the Stress Methodology team, Mumbai. Our role is to develop, maintain, and apply - stress testing framework for assessing the impact of global macro-economic scenarios on the firm's profitability and capital adequacy.
- The framework captures all risk types across all businesses world-wide. We develop and maintain a suite of scenario-aligned stress risk models, including scenario expansion models, and support diverse additional stress-related activities.
You have :
- A Master's or PhD degree in a quantitative discipline (e.g., Econometrics, (Financial) Engineering, Computational Science, Quantitative Finance)
- Experience in building statistical/econometric models
- Programming knowledge (e.g. R, Matlab,- ) and experience in writing code in a statistical or high-level programming language
- General understanding and interest in (macro) economic mechanisms and their influence on financial markets
- Very good communication skills and the ability to explain technical topics clearly and intuitively, both written and orally
- Analytically oriented with conceptual and organizational skills and the ability to work towards tight deadlines
- Team-orientated, while able to complete tasks independently to high quality standards
- A great communicator, you know how to handle challenging situations
- Fluent in English
We're a truly global, collaborative and friendly group of people. Having a diverse, inclusive and respectful workplace is important to us. And we support your career development, internal mobility and work-life balance. If this sounds interesting, apply now.
- We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
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