Job Description

City

Pune

Job Type

Full Time

Location

India

Function Category

Finance

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Contact Details

UBS Business Solutions SA

UBS Recruiting

Disclaimer / Policy Statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

The team

You will join our Group Treasury Modelling team based in Pune and work closely with our U.S. team based in New York. Our mandate is to model interest rate risk in the banking book (IRRBB) for Wealth Management products and develop ALM strategies for hedging and optimizing interest income.

The team is responsible for modelling non-maturing loans and deposits and mortgages, as well as maintaining and documenting these models. Our U.S. team works closely with counterparts in Switzerland to meet both regional and global requirements.

Your skills and experience

• Education: Advanced degree in applied mathematics, statistics, financial engineering, computer science, econometrics, or a related quantitative field.
• Required Experience: Minimum 5 years in a Treasury or Asset-Liability Management function. Strong knowledge of interest rate and term structure risk modelling, financial markets, and derivatives. Hands-on experience with mortgage modelling required, including optionality and prepayment features.
• Preferred: Experience with deposit rate modelling (DRM), attrition modeling, and replication modelling. Familiarity with EVS/NII, FTP, and margin-stripping practices. Exposure to OCC, FDIC, or BCBS IRRBB regulatory guidelines.
• Quantitative skills: Proven ability to apply numerical analysis, statistics, and financial mathematics to design, validate, and maintain risk management models.
• Technical skills: Proficiency in Python, C++, SQL, and MS Office. Experience with time-series analysis, survival/ hazard modelling, regime-switching or state-space models, Monte Carlo simulation, optimization, and back testing. Strong documentation skills.
• Collaboration: Ability to work effectively with colleagues in Trading, Risk, Technology, Finance, and Model Validation. Team player with a can-do attitude, comfortable working in an international team environment.
• Mindset: Comfortable with change. Proactive, structured, and committed to high-quality model development and governance.

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.

We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.