About this job

Job description

UBS London seeks a senior AD/junior Director level (ideally 5+ years PQE experience) to join their Equity Derivatives Product Control team. Derivatives experience mangatory, accountancy qualification mandatory. alix.walton@ubs.com for more information.

Desired Skills and Experience

Equity Derivatives Valuation   Controller

The role exists within the Global   Equities Valuation Control group, based in London. The primary   responsibilities of the group are to

• independently verify the valuation of the Bank’s equity derivative and   other trading portfolios

• independently verify the valuation of the Bank’s collateral positions

• ensure that adequate provisions are booked to cover primary and   consequential risks

• report on the accuracy of reserves and valuations to senior management

• develop improved testing and analysis processes, based on understanding of   the business and positions

• ensure global consistency between regional control groups, and collate,   review, and report upon their results

• interpret the impact of accounting policy changes on the Equties portfolio   and monitor compliance with accounting policies

The controller will be responsible for testing involving a variety of   portfolios comprising of cash equities, vanilla and exotic options, swaps,   ETD’s, convertible bonds and a wide variety of structured products. They will   also be integral in the identification and resolution of global valuation   related issues ranging from those originating within the organisation and   from external regulatory bodies.

The individual will be expected to build strong working relationships with   all key areas within the organisation, including the trading desks, market   risk, quantitative risk, trade support and business unit controllers. All   valuation controllers are expected to be proactive, take ownership of issues   and work in a dynamic and often unsupervised environment which requires the   ability to work independently and within the group. Outgoing, confident   personality, with exceptional interpersonal skills and ability to identify   & manage risks effectively.

Maths, physics, or engineering     based degree or strong analytical skills demonstrated by maths / science     based A’levels an advantage.

ACACIMA qualification or equivalent preferred but not essential.

Aptitude for computing applications, including Excel, VBA and Access would     be an advantage