UBS - Internal Auditor - Valuation & Quantitative Risk

You role :

Are you a sharp evaluator of risk? Can you investigate complex situations and propose solutions? We- re looking for someone like that to:

- Conduct reviews and audits of models, including valuations models and controls across different business areas and specifically within the Investment Bank,

- Analyze and assess valuation risk and barriers to delivery, assumed by both the business (1st line of defense) and support functions (2nd line of defense), including Finance related,

- Identify and evaluate the effectiveness of valuations controls designed to address those risks,

- Monitor valuation risk profile through key risk indicators over independent price verification (IPV), reserves and valuation models as well as stakeholder interaction to provide input in the continuous risk assessment as well as in operational planning sessions,

- Identify and evaluate the effectiveness of controls designed to address those risks, provide practical, innovative and value-added solutions to issues identified,

- Document and communicate audit issues, root causes and risks, and prepare reports of audit findings for UBS senior management,

- Review remediation actions submitted by the business for closure to assess whether these have addressed the relevant original risks,

- Successfully collaborate with peers in and across audit teams.

- Develop and maintain relationships with senior management

- Keep up to date with regulatory developments.

Your team :

You will be working in Group Internal Audit (GIA) Team in Mumbai. GIA is an independent function that supports UBS in achieving its strategic, operational, financial and compliance objectives. We do this by assessing key processes as well as governance, risk management, and the control environment within all business divisions and Corporate Center (CC) functions globally. We are independent in our work and report directly to the Chairman of the Board and the Audit Committee.

We are a talent powerhouse that attracts and develops the best people by driving career growth in and outside the department. As Internal Auditor in the areas of Valuation and Quantitative Risk, you will be a member of the Market Risk, Valuations and Models Audit Team, who is responsible for auditing and assessing the market risk and valuations areas and the model risk across the entire Firm.

The position is based in Mumbai (Airoli Knowledge Park).

Your experience and skills :

You have:

- A university degree in a quantitative field (e.g. Mathematics, Physics),

- Several years of relevant experience, including experience in audit or internal risk management areas, with an understanding of audit methodology and / or understanding of risks. This experience could have been gained within the financial industry or professional services firms, ideally with valuation coverage,

- Strong analytical skills and willingness to keep up with industry, regulatory developments and learn new concepts and methods,

- An understanding of banking operations and regulations as well a quantitative approach to problem solving,

- An excellent verbal and written command of English with the ability to effectively communicate with senior stakeholders.

You are:

- Risk focused, and capable of using data analytics to gain insights into transactions, clients, and investment products,

- A flexible and committed team player, willing to travel to other UBS locations for audit assignments,

- Reliable when working independently, with sound judgment for when to escalate issues,

- Excellent communicator, able to effectively communicate at different levels of an organization, verbally and in writing,

- Able to prioritize and balance your own workload - you have strong time management skills and the ability to work under minimal supervision,

- Curious and willing to discover all aspects of the bank, with the ambition to advance your career in an international environment.