Audit Expert, Counterparty Credit Risk Audit

Job Reference #
326991BR

Job Type
Full Time

Your role
Are you a sharp evaluator of counterparty credit risk, who enjoys investigating complex business processes and products? Do you want to play a key role in improving the effectiveness of business-critical processes to help safeguard and strengthen UBS?

At UBS, we have re-imagined the way we work, the way we connect with each other – our colleagues, clients and partners – and the way we deliver value. Being agile will make us more responsive, more adaptable, and ultimately more innovative.

We're looking for an Audit-Expert to:

• drive or work as a team member on reviews and audits of specific business areas including providing practical, innovative and value-added solutions to issues identified.
• evaluate the design and operative effectiveness of counterparty credit risk controls making recommendations for improvements where necessary.
• conduct reviews of counterparty credit risk, in various business areas across the IB and GWM including Central Counterparties, Financial Institutions such as Banks and Insurance companies, Hedge Funds and Mutual Funds and provide practical, innovative and value-added solutions to issues identified.
• meet our internal standards for the quality, execution and documentation of work, taking account of divisional, functional, regional and legal entity coverage expectations, where required.
• highlight where controls are functioning well or where UBS needs to act to better manage current and emerging risks and escalate any significant concerns appropriately.
• where relevant, develop issues and audit reports according to our internal reporting and issue disposition standards that are fully supported by the work done and require minimal feedback from reviewers.
• leverage Data Analytics to drive efficiency of audit processes and risk assessment and monitoring across Group Risk Control.
• successfully collaborate with peers in and across audit teams.
• build and maintain constructive relationships with colleagues and relevant stakeholders at all levels including senior management.
• analyze and assess the risks of specific business areas reviewed.

Your team
and consist of a number of autonomous pods. The role will focus on audits covering primarily counterparty credit risk controls, CCR exposure metrics (stressed and unstressed), concentration and wrong way risks. Additionally, we periodically support front to back audits across other divisions such as the Investment Bank.

Your expertise

• master's degree with 5 or more years of experience in a similar position, preferably with experience in counterparty credit risk across the three line of defenses.
• strong product knowledge across cleared and non-cleared derivatives, prime brokerage, Repo and securities lending
• strong analytical skills and quantitative approach to problem solving.
• able to work independently, quickly understand complex processes and challenge the status quo, identifying risks and inadequacies in processes.
• willingness to keep up with industry, regulatory developments and learn new concepts and methods.
• strong written and verbal communication skills.
• ability to effectively communicate with senior stakeholders.

About Us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.

We have a presence in all major financial centers in more than 50 countries.

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.

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.