Managing Director, UGM OTC Equity Solutions — UBS

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Geographic detail

This page corresponds to the job slug directeur-general-ugm-otc-equity-solutions-ubs (trailing token: Equity Solutions Ubs).

The reference location stated in the job ad is Ticino, Canton of Ticino. Remote-tagged roles still retain the city reference for tax, contract and G Permit enrolment purposes.

Original description

UBS Financial Services INC is seeking a Managing Director, UGM OTC Equity Solutions in New York, NY Are you an innovative thinker? Do you enjoy delivering enhanced change capabilities across a range of business functions? Do you know how to engage different kinds of people on a variety of topics? We’re looking for a Managing Director, UGM OTC Equity Solutions to: • Design new equity derivative financial products, using swaps, put options, call options, path-dependent Asian options, and exotics. Structure financial products with a sophisticated understanding of fundamental quantitative and mathematic analytical techniques, including calculus, to price and trade. • Develop models using the analytical and mathematical tools gained through work in mathematics. Analyze single stock volatility surfaces, market volatility surfaces, interest rate environments globally, and foreign exchange rates globally. • Predict changes in the strategy’s economics from the client’s perspective and the UBS’s perspective based on changes in stock volatility, interest rates, exchange rates, and the correlation of the three. Assist non-quantitative professionals to fully understand all the risks and potential outcomes of strategies based on changes and expectations in these markets. • Interpret client goals into equity products, equity derivatives to produce desirable economic outcomes for the client and acceptable UBS risk parameters Design equity products by manipulating the data to produce various results. Interpret results and changes value drivers to produce desired results. • Write user-friendly interfaces for the equity derivative pricing models built, which in turn are used by other team members for pricing and risk determination for use in presenting solutions to various parties internally for approval, and for client presentations. Adapt product features, models, and marketing materials for new changes in product design, and designs mathematical formulas on product and strategy imp

Job details

  • Company: UBS
  • Position: Managing Director, UGM OTC Equity Solutions
  • Location: Ticino, Ticino
  • Sector: Finanza / Banca
  • Expired on: 2026-06-11

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Information for cross-border workers

UBS is located in Ticino in the Canton of Ticino. Cross-border workers need a G Permit, renewable annually, to work in Switzerland. The Canton of Ticino applies withholding tax at variable rates on gross income. Since 2024, the New Tax Agreement introduces concurrent taxation between Italy and Switzerland.

Swiss social contributions include AVS (5.3%), unemployment insurance (1.1%) and LPP (occupational pension). Use our free tax simulator to calculate your net salary and compare the cost of living between Switzerland and Italy.

G permit and residence. To apply for this position as a cross-border worker you must reside in an Italian municipality within the 20 km border zone (Lombardy or Piedmont) and return home at least once a week. The employer files the G permit at the cantonal migration office after the contract is signed: first issuance takes 2-6 weeks and is then renewed yearly. Full-time remote work from Italy is not compatible with cross-border status; extended absences from the Italian home (more than a working week without returning) jeopardise the fiscal regime.

Net salary and the 2024 fiscal agreement. The gross salary advertised here is withheld at source by the Swiss employer at effective rates between 5 % and 19 % in the Canton of Ticino depending on income, marital status and dependants. Cross-border workers hired on or after 1 January 2024 fall under the new Italy-Switzerland concurrent regime: Italy taxes foreign employment income while granting a tax credit on Swiss withholding up to 80 %, declared in section RW of the Italian tax return. Together with social charges the typical gross-to-net gap is 18-28 %. For a personalised calculation on the gross offered by UBS open the salary simulator.

Commute and quality of life. Working in Ticino means a daily commute that depends on which crossing you use: Brogeda (A2 motorway) and Chiasso-strada cover the Mendrisiotto and Luganese areas; Stabio and Gaggiolo serve commuters from the Varese province; Ponte Tresa is the historic gateway for Luino and the Verbano lake region. At peak times a Como-Lugano leg runs 25-50 minutes; Varese-Lugano typically takes 35-60. For those considering relocation to Ticino, average rent for a 3.5-room flat in Lugano is CHF 1,500-2,200/month, against EUR 600-900 for an equivalent unit in the province of Como. The Swiss healthcare network (LAMal) offers shorter access times than the Italian SSN but at a monthly premium of CHF 350-500 per adult — a substantial line item in any net-vs-net comparison.

Frequently asked questions

What is the net salary for a cross-border worker in Ticino?
Net salary depends on gross income, marital status and number of children. In the Canton of Ticino, withholding tax ranges from about 2% to 15%. Together with AVS-AI-IPG (5.3%), unemployment insurance (1.1% up to CHF 148,200/year) and LPP (7-18% by age), the typical gross-to-net gap is 18-28%. Use our simulator for a personalised calculation against this listing.
Do cross-border workers need Swiss LAMal health insurance?
New cross-border workers since 2024 must enrol in Swiss LAMal within 3 months of starting work, unless they exercise the right of option to stay in the Italian SSN. Premiums vary by canton, insurance model (standard, family doctor, telmed, HMO) and deductible (CHF 300 minimum up to 2,500 maximum): compare LAMal premiums.
How do I get a G permit to work in the Canton of Ticino?
The G permit is filed by the employer at the cantonal migration office after the contract is signed. First issuance takes 2-6 weeks; the permit is renewed yearly up to the contractual limit. You must reside in an Italian municipality within the 20 km border zone (Lombardy or Piedmont) and return home at least once a week. Full-time remote work from Italy is not compatible with the status.
13th-month salary, vacation and overtime: what does Swiss law say?
The 13th salary is not statutory but is standard practice in Ticino and almost always specified in the contract: paid in December or split into two tranches (June + November). Minimum statutory holiday is 4 weeks (5 weeks for under-20s and over-50s with seniority). Overtime above 40-45 weekly hours, under the Labour Act (LL), is compensated with a 25% premium or equivalent time off within 14 weeks.
What documents do I need to apply for a Swiss job?
For the initial application: CV (European or Swiss format, in a cantonal language), cover letter, and a recent work certificate. After the contract is signed: valid ID card (passport recommended), Italian residence certificate, birth certificate for the G-permit filing, and — for regulated sectors (healthcare, schools, security) — recognition of the Italian degree by SBFI/SEFRI or the relevant cantonal authority, a process that takes 3-6 months.

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