Job description
United States - Connecticut, United States - Florida, United States - New Jersey, United States - New York, United States - Pennsylvania, United States - Tennessee, United States - Utah
Audit
Group Functions
Job Reference #
270544BR
City
Miami, Nashville, New York, Philadelphia, Salt Lake City, Stamford, Weehawken
Job Type
Full Time
Your role
Participate in UBS' credit risk review function to ensure acceptable credit standards are maintained and the all extensions of credit conform to established lending policies and regulatory guidelines.
Your team
- Assist in the planning and preparation of credit reviews as directed.
- Complete individual credit reviews for all divisions including, but not limited to, reviewing loan terms and structures, analyzing borrowers/guarantor/counterparty financial performance, assessing economic/industry operating environment, and other relevant risk factors.
- Assess the accuracy of regulatory classifications, and UBS risk ratings and recommend changes as necessary.
- Identify deficiencies in credit processes.
- Verify adequacy of the Allocation for Loan and Lease Loss (ALL) process and reserve levels as necessary.
- Review probability of default (PD) and loss given default (LGD) analysis as necessary.
- Ensure all credit extensions have been made in compliance with UBS lending policies, procedures and U.S. regulatory guidance.
- Discuss potential issues with responsible account officers, credit officers, CRR management and other relevant stakeholders as necessary and/or directed.
- Prepare review reports of examination based upon CRR guidelines, as necessary.
- Ensure consistency of the risk rating and evaluation processes throughout the various units of UBS.
- Manage and/or participate in the review of self-assessment results as necessary.
- Manage and/or conduct review of borrowers subject to Close Watch monitoring.
- Proactively recommend changes to UBS credit policies and procedures as necessary.
- Maintain up-to-date knowledge of assigned industries and/or portfolios.
- Maintain up-to-date knowledge of U.S. and other regulatory environments as required including topical issues, and new/pending laws/regulations and their potential impact on UBS and the credit risk review function.
- Maintain a thorough understanding of UBS' compliance rules and regulations in accordance with UBS policy requirements.
- Undertake additional responsibilities/special projects as directed by management.
Your expertise
- Successful completion of a formal financial services credit training program.
- Approximately 10 years' experience in credit, credit review and/or credit administration with a financial institution and/or U.S. regulatory agency (OCC, FRB, etc.). Experience at both is highly preferred.
- Bachelor degree in Finance, Business Administration, Economics or Accounting or equivalent work experience is necessary. MBA or financial certification (CFA, FRM, etc.) is highly desirable.
- Ability to work independently with minimal supervision.
- Able to arrive at creative solutions.
- Ability to evaluate Counterparty Credit Risk in order to opine on ratings, adherence to relevant policies, procedures and limits framework. Assess counterparty exposure and evaluate transactional risks associated with various trading activities across Fixed Income, Equities and Foreign Exchange.
- Familiarity with a variety of credit products (e.g. corporate credit, acquisition financing, project financing, trade financing, leasing, securitizations, derivatives, etc.) and willingness to lean new credit products.
- Excellent interpersonal, communication (verbal and written) and negotiating skills.
- Through and/or advanced knowledge of Microsoft Office products suite.
- Some travel may be required.
About us
UBS is the world’s largest and only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?
With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?
Salary information
CA, CO, WA and NY based roles: The salary range for this role is $147,000 to $182,000 based on experience, education, and skill level. This role may be eligible for discretionary incentive compensation. For benefits information: ubs.com/usbenefits.
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?
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.
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