Credit Risk Model Development Specialist

At UBS, we are looking for a Credit Risk Model Development Specialist to join our dynamic team. The Credit Risk Model Development Specialist will be responsible for developing, validating, and maintaining credit risk models. The ideal candidate will have a strong technical skillset with a background in risk management, quantitative analytics, mathematics, or a related field.The successful Credit Risk Model Development Specialist will have excellent problem-solving skills, be highly analytical, be able to interpret complex data, and be able to understand and apply sophisticated mathematical models. We are looking for a motivated individual who is able to work independently and as part of a team to deliver results.We are seeking a professional who is passionate about risk management and is excited to work in a fast-paced and innovative environment. This is an excellent opportunity for an individual who is looking to take on a challenging role and make an impact on the success of UBS.

Responsibilities:

1. Develop, validate, and maintain credit risk models.
2. Apply sophisticated mathematical models to interpret complex data.
3. Work independently and as part of a team to deliver results.
4. Monitor changes in the risk environment and implement changes to the models as necessary.
5. Identify areas of improvement for the existing models and implement changes to enhance their performance.
6. Research best practices in credit risk modeling and collaborate with the relevant stakeholders.
7. Prepare reports and presentations on the progress of the modeling activities.
8. Stay up to date with the latest developments in the credit risk modeling industry.
9. Collaborate with other departments to ensure that the models are correctly utilized and develop strategies to optimize their performance.

According to JobzMall, the average salary range for a Credit Risk Model Development Specialist in Weehawken, NJ 07086, USA is $81,000 to $129,000 per year. This salary range is based on data from Indeed, Glassdoor, and other sources.

UBS is a global firm providing financial services in over 50 countries. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide.