Senior Audit Manager - UBS Europe SE Model Risk Audit (f/m/d)

Your team You will be working in the Internal Audit department of UBS Europe SE in Frankfurt. Our role, as an independent function, is to supports UBS in achieving its strategic, operational, financial and compliance objectives. We do this by assessing key processes as well as governance, risk management, and the control environment within all business divisions and Group Functions (GF) functions globally. We report directly to the Management Board of UBS Europe SE and are functionally aligned to Group Internal Audit (GIA), reporting directly to the Chairman of the Board and the Audit Committee
We are a talent powerhouse that attracts and develops the best people by driving career growth in and outside the department. Our team is responsible for auditing controls related to model risk in UBS Europe SE, stress testing models and other model types across the entire firm depending on our expertise. About us UBS is the world's largest and the 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.
We have a presence in all major financial centers in more than 50 countries.
Are you a sharp evaluator of risk? Can you investigate complex solutions? Do you have specific experience of model risk management, model development, model validation or model risk audit?….
We're looking for a Senior Audit Manager who can:
• drive, lead or work as a team member on reviews and audits of (i) model risk in various business areas and (ii) stress testing processes and controls, including thematic and front-to-back,
• lead and represent the model risk and stress testing audit coverage within UBS Europe SE
• lead a team including supervising activities and supporting individual team member development
• analyze and assess risks arising from both the business and support functions
• identify and evaluate the effectiveness of controls designed to address those risks
• document and communicate audit issues, root causes and risks, and prepare reports of audit findings for UBS Group and UBS Europe SE senior management
• develop recommendations for items that solution owners should consider when finalizing their action plans
• review remediation actions submitted by the business for closure to assess whether these have addressed the original risks
• support and act as Risk SMEs the quarterly continuous risk assessment
• successfully collaborate with peers in and across global audit teams
• develop and maintain relationships with senior management, in particular within UBS Europe SE In your role, you will be involved in UBS Europe SE and global model risk related audits.
• 8 years+ experience in developing, validating or auditing quantitative finance, risk and treasury models within the financial industry. This experience could have been gained at a consulting firm or in an internal audit function.
• a Master in a quantitative field (Mathematics, Physics, Engineering, etc.)
• Strong knowledge of European regulatory requirements and expectations
• Experience leading and supervising a team, including coaching team members
• strong analytical skills and quantitative approach to problem solving
• you are able to quickly understand complex processes and challenge the status quo, identify risks and inadequacies in procedures.
• willingness to keep up with industry, regulatory developments and learn new concepts and methods,
• ability to effectively communicate with senior stakeholders.
• risk focused, and capable of using data analytics to gain insights into model risk exposures
• reliable when working on your own, with sound judgment for when to escalate issues,
• fluent in English with excellent verbal and written skills. Additionally, fluency in German would be an asset.