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Senior WM Risk Manager - Second Line of Defense -

Office
Geneva
Start Date
01.11.2024
Working hours
100%
Type of contract
Permanent

Mission

The Senior WM Risk Manager is active in identifying, assessing, monitoring, controlling, and reporting risk related to Wealth Management activities to Senior Management, under the leadership of the Head of Group WM Risk Management.


Main responsibilities

In this role, he/she shares responsibilities and coverage of the following activities:

Investment Process Control: monitoring, controlling, and reporting on the adherence of discretionary and advisory accounts to investment guidelines, investment strategy, Swiss Banking Association (SBA) Guidelines, LSFin, MIFID, and various local regulatory requirements.

Performance and Risk Analysis: conducting performance analysis, risk assessments, and portfolio analytics.

Risk Management Advisory: direct interventions and providing risk advice to relationship and portfolios managers.

Enhancement of the risk control system:  active participation in the enhancement and operating an independent second line of defense proprietary system for risk control and assessment of WM portfolios (value at risk, stress scenarios, risk modeling).

Operational Risk Control: evaluation, monitoring, and reporting on key operational risk indicators and active participation in WM operational risk mapping assessments.

Implementation of Control Procedures: collaboration with the Group COO WM, Business Monitoring, and the Group Operational Risk Head to define operational control procedures for WM activities.

Participation in WM Projects: active contribution from a risk management perspective to Wealth Management-related projects.

Validation of Pricing Models: evaluation of complex and illiquid products and validation of pricing models in WM underlying systems.

Review of Controls and Risk Assessments: review of the effectiveness of controls and risk assessments conducted by the first line of defense (1st LoD).

Investment Risk Reporting: participating in the monthly generation of WM investment risk reports as well as periodic risk reports for WM according to MFC definitions.

Crisis Management : anticipation, proactive recommendation, and management of crisis situations.

Compliance with Regulatory Requirements: ensuring, in collaboration with WM / Investment Services, Compliance and Legal Departments, strict adherence to regulatory and supervisory requirements, as well as standardization of investment guidelines across all entities.

Administration of Risk Management tools: administration, update, and operating underlying WM risk tools and reporting functionalities (VaR, illiquid positions, performance, concentration, derivatives analysis).

Coordination with Local Risk Managers: ensuring links between the Head Office and local risk managers in London and Jersey.


Personal skills

Strong teamwork spirit Excellent communication skills.


Education

  • Education: Master Degree

Experience

  • Years of experience: +10 : senior
  • Experience required: The candidate must have in-depth knowledge in analysis of financial data and quantitative risk management and possess strong IT experience in developing a proprietary risk system for WM portfolios (VaR, stress testing, etc.), adequate programming skills (C/C++, SQL, Python), with experience in wealth management, and be familiar with financial regulations.
  • Experience in private banking: Mandatory

Language

  • English: Fluent

OTHER

  • Swiss resident: Mandatory

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e-Recruitment Portal – Guidelines for handling personal data supplied by applicants

This online recruitment system (hereinafter, ‘e-Recruitment Portal’ or ‘Portal’) is used by the Geneva headquarters of Union Bancaire Privée, UBP SA (hereinafter, ‘UBP’) in accordance with Swiss law, in particular with regard to data protection, and with the principles below. The e-Recruitment Portal allows any person (hereinafter, ‘Applicant’), excluding recruitment consultants and headhunters, to submit either an application for a vacancy listed on the Portal or an unsolicited application.

UBP guarantees the confidential handling of any personal data received via the e-Recruitment Portal, such as names, addresses and other information relating to the Applicant’s identity and professional history (hereinafter, ‘Personal Data’). The Personal Data are securely saved and stored in-house and can be accessed only by those people dealing with the application. In sending their Personal Data via the e-Recruitment Portal, the Applicant accepts the inherent risks of transmitting data over the Internet, which cannot guarantee the data’s absolute protection and security. In sending their Personal Data to us, the Applicant consents to the use of this data by UBP and/or any affiliate of UBP Group (hereinafter, ‘UBP Group’) as part of the recruitment process, in particular by the human resources departments involved in assessing and following up the application. Should the vacant position be located outside Switzerland or should the Applicant’s profile be of interest to one of UBP Group’s entities abroad, the Applicant agrees in advance that their Personal Data may be transmitted to the entity in question. Moreover, they accept that the law applicable to that entity may not offer legal safeguards equivalent to those of Swiss law, as regards data protection and employees’ rights. UBP also pledges not to divulge, make accessible and/or sell Personal Data to third parties outside UBP Group without the Applicant’s consent, unless the communication of this information is ordered by a state body, a legal or supervisory authority, and/or required by law. Furthermore, if the Applicant supplies the name of a third party to UBP as a reference contact, it is the Applicant’s responsibility to inform the person in question beforehand. The Applicant also agrees to the reference being contacted by representatives of UBP. If the Applicant applies through a recruitment agency or headhunter, as well as via the e-Recruitment Portal, only the application that UBP receives first will be considered. Lastly, the Applicant is reminded that, under Swiss law, they have the right to access data concerning them, as well as the right to correct any inaccurate information that they may have submitted. To do so, the Applicant should contact UBP via the e-Recruitment Portal, clearly stating the subject of the request. The Applicant’s file will be kept as long as it is being processed by the departments concerned within UBP Group. The original documents will then be returned to the Applicant and the copies destroyed, unless the Applicant consents to their being kept on file. By entering Personal Data into UBP’s e-Recruitment Portal, I agree that my data be handled in accordance with the above rules and principles, which I have read and understood. I agree to UBP keeping my application on file, should UBP believe that my profile might be relevant to another position in the future.

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