Valuation Model Quantitative Internship Program

Poland

Risk

Group Functions

Job Reference #

254905BR

City

Kraków

Job Type

Temporary / Contract

Your role

Are you an innovative thinker who likes to challenge the status quo? Are you an engaged and motivated personality who likes to understand the big picture? For our global model validation team we’re looking for an intern who can:
– assess model's conceptual soundness and methodology,
– check appropriateness of assumptions, parameters, model calibrations, qualitative or expert adjustments,
– review outcome, impact, or benchmark analyses and develop a benchmark model,
– assess model risk, test model robustness and identify model limitations,
– document the analysis, findings and conclusion in a validation report,
– interact with stakeholders (e.g. model developer/owner, model governance committees, and senior management).

Your team

You’ll be working in the Model Risk Management & Control Product Valuation Models team in Kraków (Fabryczna Office Park). Our global team is responsible for the independent validation of all risk models used within UBS. The area of focus is counterparty credit risk which includes modelling of market risk drivers, sensitivities, initial margin, collateral process, cross- and inter-asset correlations.

Our internship is an ideal way to gain the work experience you’ll need to launch your career. Your paid
internship will last 6-12 months with the possibility of extension, based on a 30-40 hour week.

Your expertise

– strong background in financial mathematics, statistics (preferably Bachelor’s or Master’s degree in one of those areas),
– sound knowledge of stochastic calculus and statistics,
– understanding of financial markets and derivatives,
– ability to apply quantitative techniques to solve practical problems,
– good programming skills in Python/C++,
– good communication skills and the ability to explain technical topics clearly and intuitively, both written and orally.
– fluent in English, in oral and written form,
– co-operative and team-orientated, while being able to motivate and organize yourself and complete tasks independently to highest quality standards.

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?

How we hire

This role requires an assessment on application. Learn more about how we hire: www.ubs.com/global/en/careers/experienced-professionals.html

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?

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.