The Valuations Team conducts month end price and parameter testing, culminating in a Month End Valuation Review, critically analysing the portfolios balance sheet valuation, headline risk analysis, model & liquidity provisioning and all other valuation issues.

The group is responsible for driving BUC's IAS39 implementation of the treatment of Day 1 P&l for the Global Rates Derivatives business.

An important element to the development of this role, is to ensure it is focussed on adding value. This relates both to the product analysis, and also IT solutions/Valuation models built and used.

Specifically, the role will entail:

• Perform and strengthen valuation Price testing processes.
• Assist in the monthly TOTEM submission, ultimately improving/building price testing spreadsheets.
• Calculate provisions and assist in ensuring global consistency / strengthening provision policies.
• Contribute to the preparation of the monthly Valuations pack for Senior Management.
• Perform ad hoc reserve reporting requirements.
• The role requires extensive liaison with QRC, MRC and Front Office Traders

 Group objectives to be managed:

• Develop and enhance Provision management, documentation, reporting and analysis.
• Contribute to developing an integrated Parameter Control and Risk/P&L framework.
• Drive the development and implementation of Reserving methodologies for complex market instruments.
• Development of reserving policy framework for vanilla and non-vanilla trade types. This includes redefining the current valuation review methodologies and procedures, and increasingly adding value to the critical analysis performed.
• Identification of valuation parameters or instrument types that require particular attention with critical analysis of the risks involved.
• Obtaining relevant valuation and risk model parameter information (from Front Office/Quant Group) and implementing value added solutions to identified problems.
• Developing value-added control processes for complex securities
• Drive valuation-related initiatives. Must be proactive, and seek to drive the processes forward, to continually add value. This will involve working independently on self-contained tasks which will require the use of problem solving skills and the leveraging of resources.
• Identification of valuation parameters or instrument types that require particular attention with critical analysis of the risks involved.
• Assistance in building a variety of analytical tools to assist BUC portfolio valuation.
• Enhance price-testing, reporting and valuation risk control processes.

 Functional/Technical:

• Must add value to existing control processes within the department.
• Expand the current valuation and control framework.
• Develop specific product / risk based solutions.
• Maintain the bank's standards and professional approach, especially when under pressure
• Produce deliverables which comply with the bank's standards
• Develop solutions within current Business and IT framework

UBS's Investment Bank is one of the world's leading firms in the investment banking and securities business, providing a full spectrum of services to the world's key institutional investors, intermediaries, banks insurance companies, corporations, sovereign governments, supranational organizations and private investors. The Investment Bank provides product innovation, research and advice, and comprehensive access to the world's capital markets.

Your Team Requirement:

The ideal candidate will combine the following skill sets:

• Desired strong mathematical/analytical ability
• Familiarity with derivative instruments (fixed income options & derivatives and credit derivatives/exotics).
• Computing skills including Excel, VBA, Microsoft Access. Familiarity with database architecture, development of functional requirements desirable.
• Understanding of methodologies for managing traded risk.
• Good IT skills - Microsoft Access, , knowledge of database architecture advantageous, VBA programming skills [not essential], Microsoft Excel - extensive spreadsheet design skills incorporating knowledge and use of valuation function libraries is preferable.

Essential Education - Undergraduate Degree
Desirable Education - CA/CIMA

We can offer you an exciting, fast-paced working environment, a culture of mutual respect and teamwork and the opportunity to play a vital role in our growth.

If you would like to work for a global organization where individual contribution counts and where your ambitions and abilities can make a difference, please apply for this position. It starts with you.

UBS is an equal opportunity employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce.

Candidates must be eligible to work in the UK to be considered for this role 

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