Risk Management Quant Developer

Risk Management Quant Developer Description UBS is a leading global financial services firm. Our Investment Bank is one of the world's top global investment banking and securities firms, providing a full spectrum of products to institutional and corporate clients, intermediaries, government and hedge funds worldwide. By combining your talent and our strengths, we can achieve great results. We are creating a new team of highly technical and financially knowledgeable developers to build a new analytics platform for risk management. This will include development of new frameworks for market factor simulation, trade pricing, and risk quantification. As this is a firm-wide risk management system it will need to address derivatives and securities across fixed-income, equities, commodities, credit and FX including short and long-term instruments and taking into account securitization, collateralization, and hedging. Risk measures will be used to quantify current and potential credit and market risks, risk capital, and risk sensitivities. Technologies are expected to include compute and data grids, distributed services, databases, messaging, C++, Java, and Linux and provide links into reporting and end-user systems. This critical system will be developed as part of a global team and include participants from Credit Risk, Market Risk, Finance, Trading, Data and other IT teams. Our clients include risk management and front-office users. Systems and models must be well documented, auditable, and built in accordance with external regulatory and internal control frameworks and standards such as Basel II and SOX.Scope of Role: The quantitative developer will take complex financial models from concept to implementation. This requires a combination of technical, financial, and quantitative knowledge and experience. Technically the person must understand how to take complex algorithms and implement them efficiently using distributed computing solutions. Financially there must be a good understanding of a range of derivatives products include swaps, forwards, options, credit derivatives, and exotics. Quantitatively the person must understand financial calculus, be familiar with derivatives pricing models, market factor simulation techniques, and a variety of stochastic and numerical methods applicable to the problem of credit and market risk analysis. Working with other teams responsible for various aspects of the overall system this person must have excellent communication, management, negotiation, and consensus building skills. This person will need to build strong relationships with peers in IT as well as with quantitative modeling teams, and front-office sponsors. Other key attributes of this person should include experience in planning full lifecycle develop processes, working with large development teams. 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 are attracted to joining an organization where every individual's contribution counts and where your talent will impact on our future, 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. Contact Details UBS Investment Banking 38742BR           http://www.ubs.com/