Operational Risk Control Specialist

Job Reference #327286BRJob TypeFull TimeYour roleAre you a risk adverse professional? Are you interested in understanding and contributing to manage Non-Financial Risk in an EU financial institution?We are looking for an Operational Risk Control Specialist who will perform the following tasks related to the depositary function around: safekeeping and verification of the ownerships of the funds’ assets, cash flow monitoring, and oversight/supervision duties, i.e. ensuring (i) that the procedures and controls comply with the applicable laws and keep up to date with legislation, professional standards and regulatory changes, (ii) the performance of due diligences on fund service providers and (iii) the maintenance and enhancement of the depositary procedures, review programs and checklists.Your teamYou will be part of the UBS Europe SE (UBS ESE) ORC GWM Luxembourg team, embedded into the UBS ESE Group Compliance, Regulatory and Governance (GCRG). UBS ESE is a bank with Head Office located in Germany, it is supervised by the ECB, and is operating in the EU area across different jurisdictions.You will be located in Luxembourg, with a local reporting line to the Luxembourg Head of C&ORC and with the direct reporting line to the Head of UBS ESE ORC.Your expertiseThe candidate: Shall possess at least Bachelor degree Shall possess an extensive knowledge of the AIFMD as well as the legal and regulatory framework of Luxembourg investment fund vehicles and banking industry best practices, the role and responsibilities of a Depositary bank, the respective alternative asset classes such as Private Equity, Private Debt, Real Estate and Infrastructure. Shall have a minimum of 3-5 years demonstrable and relevant experience in the independent execution from a second Line of Defense (LoD) standpoint of the review of the design and operating effectiveness of the control framework established by the first line of defense. Shall demonstrate strong presentation, interpersonal and communication skills (verbal and written), strong analytical skills as well as conceptual and strategic thinking, self-organized way of working by delivering high quality results in time with a good sense of prioritization. Qualifications such as an experience in the AIF depositary function, especially ideally also in investment restrictions controls, and certifications in audit / control / risk management are considered advantages. Fluent in English, other language are considered as an asset Proficient in MS Office toolsAbout UsUBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.We have a presence in all major financial centers in more than 50 countries.Join usAt 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.Disclaimer / Policy StatementsUBS 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.When applying for this role, please note that additional background checks may be carried out and an original of your criminal record may be requested.Your Career ComebackWe are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.