India

Risk

Group Functions

Your role

We are looking for a Quantitative Risk Specialist in MRMC Validation team in Mumbai location to:
• conduct an independent review and validate Firmwide Economic Capital and Stress Testing models which includes:-
-- assessing the model's conceptual soundness and methodology
-- checking appropriateness of input data, model assumptions and parameters, calibration accuracy etc.
-- reviewing outcome, impact, performing benchmark analyses
• review and implement model codes in Python and R
• collaborate with stakeholders globally to understand and challenge model and underlying risks
• write comprehensive validation reports and highlight issues
• support ongoing review of model performance and changes to ensure models remain fit for purpose

Job Reference #

335399BR

City

Hyderabad, Mumbai

Job Type

Full Time

Your team

You’ll be working in the Model Risk Management & Control team responsible for the independent validation of the models used across different areas within UBS e.g. Economic capital, Stress Testing covering Market Risk, Funding Risk, Pension Risk, Operational Risk etc. Responsibility is to assess that risk due to design, data, implementation and use of model is accurately managed and mitigated. The role is global and involves working with broad group of stakeholders.

Your expertise

• you’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use.
• MA / MSc degree in Statistics, Mathematics, or Quantitative Economics
• strong coding skills in R, Python, or similar
• excellent analytical skills
• knowledge of fi nancial markets and products, strong interest in the fi nancial services industry,preferably in risk management. Prior experience in model development or validation is a plus
• curiosity and a thirst for innovation
You are:
• 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 it's 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.

Contact Details

UBS Business Solutions SA
UBS Recruiting

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.