Job Description

Business DivisionsGroup FunctionsYour roleJoin us as a Valuation Controller (VC) Intern in the Chief Financial Officer (CFO) - Product Control (PC) Team. Our primary responsibilities are as follows:\xef\x82\xa7 Independent Price Verification (IPV): Key control to ensure the firm\'s trading and banking assets and liabilities are accurately valued. Failure may lead to misstatement of the firm\'s financial-statements, risk information and regulatory reporting. IPV results are reported to Product Control Management and Front Office ensuring appropriate actions can be taken where differences arise. VC responsibilities include formulating and conducting independent price verification processes.
\xef\x82\xa7 Valuation adjustments are made to ensure the firm\'s positions are marked at their appropriate Fair Value in order that the financial- statements are accurate. Fair Value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. VC responsibilities include the calculation of valuation adjustments and coordinating with Model Risk Management (MRMC) / PC Line functions to report material moves and changes, benchmarking and uncertainty calculations for risk factors in scope.
\xef\x82\xa7 Prudent Valuation is a regulatory requirement to quantify Valuation Uncertainty for Fair Valued positions in PRA/EBA regulated entities in scope. The high-level requirement is to calculate the Fair Value to a 90% confidence level with the difference to the Fair Value Books & Records taken as a direct reduction of from Tier 1 Capital. VC will calculate additional valuation adjustments (AVA) for risk factors in scope, in accordance with documented methodologies and submit complete and accurate reporting templates (COREP) to the PruVal reporting team.
\xef\x82\xa7 Governance: Execute controls to detect unauthorized trading or unusual activity and report in a timely manner to senior management. Reporting and reporting of IPV and valuation issues at the relevant meetings/forums. Identification and review of Significant Unobservable Parameters and Prices (SUPP) by the SUPP process. Compliance with VC related SOX requirements.This is a critical role within CFO-Valuations Globally. Usually involvement is concentrated in the 1st and 3rd weeks of the month. The tasks performed by this team cover all the Regions. Expectation is that the skills should be fungible across asset classes.Function CategoryFinanceJoin usAt 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?Your teamYou\'ll be working in the Valuations Control team in Pune.Your expertise\xef\x82\xa7 0 to 2 years of relevant Investment Banking experience, preferably in Finance or Product control functions.
\xef\x82\xa7 Enrolled degree in Accounting, Finance, Mathematics, Engineering. Professional qualifications such as CA, CPA, CFA, FRM, CQF, Data Science course, Six Sigma, etc. would be an advantage.
\xef\x82\xa7 Knowledge of MS Office is expected. Knowledge of SQL, VBA, Python, R, Qlik etc. a plusAbout usUBS 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.

UBS