UBS's IB Quantitative Analytics Group at Shanghai is looking for a number of fresh graduates and professionals in expanding its quantitative analysis service to the Investment Bank's business units around the world. We encourage those who excel at their academic disciplines and have a strong interest in pursuing a career in financial engineering to apply. We have both full time and intern positions available. The intern positions are open at all time.
About UBS's IB Quantitative Analytics Group
The IB Global Quantitative Analytics Group builds the market-leading analytics across all asset classes and provides comprehensive quantitative analysis support to all the business units throughout the Investment Bank in all regions. The group offers the intellectual leadership in generating and exploring new ideas for trade generation, new models for superior risk monitoring, and new platforms for delivering the best solutions worldwide. It has presence in all major financial centers around the world.
About the Quantitative Analytics Team at Shanghai
The Quantitative Analytics Team at Shanghai is part of the IB Quantitative Analytics Group. It was established in 2006 and located in Lu Jia Zui (陆家嘴) of the Pudong New District. It currently has around 20 quantitative analysts and developers with a diverse academic background (e.g. Mathematics, Statistics, Computer Science, Physics, Engineering). They work closely with quantitative analysts at other locations to build analytic models and tools, explore trading strategies, provide timely analysis reports to the trading desks, structurers and risk controllers within UBS Investment Bank. The team is exposed to all market sectors (e.g. equities, rates, FX, credits and securitized products).
Responsibilities
As a member of the team, you will be involved in a number of responsibilities from the following:
- Applying statistical and other tools to the historical mortgage loan performance data to create or enhance the forecasting models for the future performance of those loans. Accurate forecast of the performances is essential for making sound trading decisions on investments backed by such loans.
- Building financial libraries and tools to make those forecasting models accessible by the traders and risk managers. Delivering customized tools is an integral part of our services and time to market is of utmost importance to maintain the lead in the market.
- Analyzing large internal or client's portfolios. The analysis reports are basis for making trading or hedging decisions on the portfolio.
- Testing trading strategies using historical market data. We work with both our clients and our structurers to search for and substantiate trading ideas. The testing is an important step to translate an idea into a strategy where many details can be fine tuned for its prime performance.
- Devising a comprehensive set of tests on our derivative valuation models to make sure it is sound under all market conditions. The tests should quantify the behavior of the model under normal market conditions as well as extreme market conditions. They should also quantify the performance of each model against its alternative or competitive models. Knowing what the model's "comfort zone" is key to its effective deployment in our risk monitoring.
- Providing our sales team with in-time pricing quotes on structured products (typically customized derivative products). Contributing to the creation of discussion materials for the presentation to clients (in both Chinese and English).
- Developing light spreadsheet tools to help traders analyze and monitor their trading exposures.
Requirements
- Minimum – Bachelor degree in a science or finance or economics major from a top tier university. Advanced degree is preferred.
- Native Mandarin preferred.
- Strong ability in communicating in English. Minimum – CET 6 or equivalent in English.
- Self motivated with independent thinking and practical mindset.
- An excellent team player that puts team goals in front of personal ambitions.
- Sound knowledge in Calculus, Linear Algebra, Basic Numericals, Probability Theory and Differential Equations.
- Familiar with at least one of these computer languages: Excel VBA, C++, C# and Java.
- Knowledge of capital markets and vanilla derivatives is a plus.
- Advanced knowledge in at least one of the following:
- Go to ' www.ubs.com/professionals' and ‘Search all jobs’
- In the search page, enter 66131 to the "Keyword" box.
- Click on the "Apply now" and follow the links after.
- Note that, please try to confine your resume to one-page English with a one-page Chinese translation.
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