UBS Financial Services PD/LGD Quantitative Risk Model Developer in Weehawken, New Jersey

Your role:

Does quantitative modeling excite you? Are you experienced in credit risk? Do you enjoy working in a dynamic and innovative team to deliver high quality and efficient solutions to evolving regulatory requirements? We are looking for someone like you to:

• develop statistical and stress testing models for credit risk (PD-LGD -EAD)

• research and document best practices when working on a new model, including understanding of regulatory requirements

• collaborate with risk officers, business managers, and change team to establish the processes supporting the good execution of the model

• support regulatory exercises, such as CCAR, CECL, and IFRS9

What we offer:

Together. That’s how we do things. We offer people around the world a supportive, challenging and diverse working environment. We value your passion and commitment, and reward your performance.

Keen to achieve the work-life agility that you desire? We're open to discussing how this could work for you (and us).

Take the next step:

Are you truly collaborative? Succeeding at UBS means respecting, understanding and trusting colleagues and clients. Challenging others and being challenged in return. Being passionate about what you do. Driving yourself forward, always wanting to do things the right way. Does that sound like you? Then you have the right stuff to join us. Apply now.

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.

Your team:

You will be working within the Credit Methodology counterparty credit and wholesale team, which is part of UBS group-wide Risk Methodology. Our role is to develop and maintain rating and LGD models for wholesale clients.

Your expertise:

• a Master's or PhD in a quantitative discipline (e.g. Mathematics, Statistics, Econometrics, Financial Engineering, Physics)

• sound knowledge of statistical and econometric methods and their application

• excellent coding skills, preferably in R

• 1 to 3 years prior work experience in rating or LGD methodology, preferably in CCAR and IFRS9 context

• outstanding communication skills with colleagues at all levels of the organization

About us:

Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.

We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?

Your colleagues:

Job Reference #: 186666BR

Business Divisions: Corporate Center

Title: PD/LGD Quantitative Risk Model Developer

City: Weehawken

Job Type: Full Time

Country / State: United States - New Jersey

Function Category: Risk