UBS

Director, Business Risk Manager

UBS$156K — $215K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Finance, Accounting, or related field with 6 years of relevant experience; or a Master's degree with 4 years of relevant experience.
  • Experienced in financial and product regulatory reporting and related compliance areas.
  • Strong understanding of operational risk management and auditing.
  • Familiar with front-to-back processes in finance, including transaction processing and settlement.
  • Solid grasp of financial reporting frameworks and regulatory requirements.

Responsibilities

  • Implement and monitor compliance with the UBS group-wide Non-financial risk Framework.
  • Manage and maintain Key Procedural Controls (KPCs) ensuring accuracy and completeness.
  • Research and analyze documentation to assess operational risk events and identify risk themes.
  • Present operational risk findings to senior management and stakeholders.
  • Organize training sessions to educate stakeholders on operational risk management.

Benefits

  • Hybrid work arrangement (in-office/remote).
  • Comprehensive benefits package as detailed on ubs.com/usbenefits.
  • Opportunities for professional development and training.
Full Job Description
Your role

UBS Business Solutions US LLC is seeking a Director, Business Risk Manager in Weehawken, NJ
Are you an innovative thinker? Do you enjoy delivering enhanced change capabilities across a range of business functions? Are you passionate about IT process automation using cutting edge tooling platforms?

We're looking for a Director, Business Risk Manager to:
• Implement and monitor compliance with the UBS group-wide Non-financial risk (Operational Risk (OR)) Framework as a member of the Risk Management team that supports the Americas Group Finance (GF) Function aligned to multiple business. Support and challenge the Financial and Regulatory reporting functions to ensure a robust risk assessment of identified issues and agree on sustainable remediation plans.
• Manage, and facilitate the documentation and on-going maintenance of Group Finance's Key Procedural Controls (KPCs), review completeness and adequacy of KPCs, and support the function in the review and challenge of the semi-annual KPC assessments for accuracy by comparing historical and known risks identified via operational events and issues. Work with the regional finance teams to understand and thoroughly challenge the flows and root cause of operational risk events, back-test these against risk indicators, present key learnings to senior management to reduce future events.
• Thoroughly research all documentation around related business, systems, flows, historical risks, email communication and existing risks/success criteria to provide comprehensive and fact-based challenge and assessment in responses to queries and when performing reviews across the broader portfolio to identify recurring risk themes, triangulate Risk Events to existing Non- financial Risk Issues (NFRIs) and KPC's to highlight gaps in front to back processes.
• Present findings to senior management and other stakeholders with timely and accurate reporting of all operational risk related activity and trends and organize training sessions to educate stakeholders on lessons learned and other Operational framework aspects. Interact with key stakeholders including peers in the global team, Compliance, Internal and external audit, Business Risk Manager's in other departments and regulatory relations.
• Can work hybrid (In-office/Remote).

Qualified Applicants apply through [redacted]. Please reference 001545. NO CALLS PLEASE. EOE/M/F/D/V

Salary Range & Work Schedule: $156,645 to $215,000 /year, 40 hrs/wk. This notice is being posted in connection with an application for permanent Alien Labor Certification. Any person may comment or provide documentary evidence bearing on this application to: U.S. Department of Labor, Employment and Training Administration, Office of Foreign Labor Certification, 200 Constitution Avenue NW, Room N-5311, Washington, DC 20210.

The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.

Your team

You'll be working with the Business Risk team in Weehawken, NJ.

Your expertise

Education & Experience Requirement:
• Bachelor's degree or foreign equivalent in Business Administration, Finance, Accounting, or a related field of study and six (6) years of experience in the job offered or as a Risk Manager, Product Control Manager, Senior Process Executive, Analyst, or a related occupation.

Alternate Education & Experience Requirement (if applicable):
• Master's degree or foreign equivalent in Business Administration, Finance, Accounting, or a related field of study and four (4) years of experience in the job offered or as a Risk Manager, Product Control Manager, Senior Process Executive, Analyst, or a related occupation.

Position requires experience with the following:
• Financial/Product Regulatory Reporting; Legal Entity Control; Front to back processes including front office booking process, transaction processing, settlement process, flows of Risk management systems into the General Ledger, processing of accounting data, accounting logic, sub-ledger controls, manual journal governance, P&L and balance sheet substantiation controls, regulatory reporting, and financial reporting; and Operational risk management, auditing, and compliance.

About UBS

UBS Group AG is a Swiss multinational investment bank and financial services company founded in 1862 and headquartered in Zurich, Switzerland. UBS is one of the largest and most respected financial institutions in the world, with a presence in over 50 countries. The company offers a wide range of financial services to its clients, including wealth management, investment banking, asset management, and retail banking. UBS is committed to providing its clients with innovative and effective financial solutions that meet their unique needs and goals.
Learn more about UBS
Size
71,697 employees
Market Cap
$64.8 billion
Industry
Founded
1854
5 Year Trend
-6.5%
NASDAQ

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