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Credit Risk Senior Model Validation Quantitative Analyst
UBSIndiaSenior
Apply Your role
Do you have a challenging mindset? Are you an innovative analytical thinker who likes to question the status quo? Are you interested in quantitative risk modelling? Are you wondering where the limitations of a model are?We are looking for someone to:
• supervise and conducting independent validations of credit risk models in line with current regulatory and internal policy frameworks:
• collaborate with model developers and engage stakeholders across the organization.
• define validation scope based on model use case, complexity, and materiality.
• lead the development and maintenance of validation standards and stay abreast of regulatory and market developments.
• evaluate the model risk, including model robustness analysis, identification of limitations, and their assessment.
• promote consistency in validation practices
• guide and mentor junior validators.
• drive internal initiatives
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.
Your team
You'll be working in the Corporate Credit Risk Pillar-1 Model Validation team within MRMC India. We are a team of 13 people, located in Zurich and Mumbai. The team is responsible for the independent validation of the Corporate Credit Risk models used for regulatory and internal risk management purpose e.g., Pillar-1, IFRS-9 etc.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.• post graduate degree in quantitative Finance, Mathematics, Statistics, or quantitative Economics;• senior experience (8+ years) in model development and/or validation, preferably in banking or financial services.
• strong foundation in statistical and econometric methods and have worked in the area of credit risk.
• familiarity with financial regulations (Basel, IFRS9, etc.)
• excellent problem-solving skills, attention to detail and a challenging mind-set.
• ability to communicate technical findings to diverse stakeholders.
• self-motivated, collaborative, and capable of working independently to high standards.
• familiarity with statistical modeling tools (R or Python preferred).
• proven project management skills, taking end-to-end responsibility regarding quality and deadlines as well as timely escalating of issues
• strong communication skills across all organizational levels.
• curiosity and a thirst for innovation
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.