Nicholas Syme works for UBS and is currently completing an MBA at Warwick Business School. In this interview, he describes his responsibilities at UBS and explains how his MBA is helping him do his job
There are a huge variety of jobs within investment banks, says derivatives platform manager and Warwick MBA candidate Nicholas Syme of UBS. While an MBA isn’t crucial to get into an investment bank, you’ll be more competitive for at least some of the roles.
Nicholas has worked at UBS for over seven years in a variety of operational, business analytics and project management roles. He started in 2004 in a temporary role as an OTC (Over The Counter) Derivatives settlements analyst, which became a permanent position after three months.
The OTC to CCP (Central CounterParty) programme is the UBS effort to prepare its OTC Derivatives and Prime Brokerage businesses for the new regulatory environment created by the Dodd-Frank Act in the US, and similar European and Asian regulatory initiatives expected in 2012. The regulations aim, among other things, to make derivatives markets more transparent.
“I am a project manager responsible for defining, building and implementing a Credit Checking solution for OTC derivatives, which helps UBS manage its counterparty exposure to clients and other institutions”, Nicholas explains.
“Day to day this means working with Risk officers, OTC sales and trading managers to establish the requirements and uses for the credit checking system. I then work with IT leads to help them design the software and integrate it with other trade management applications.
“I produce regular project status reports showing the issues and risks the project faces and how it is progressing against milestones. I work with stakeholders to resolve issues and mitigate risks as they arise.”
Currently enrolled in the Executive MBA program at Warwick Business School, Nicholas thinks the MBA has already proved useful in his job and it will continue to be in the future.
“In particular, the Operations Management module has been very helpful in requirements design and process architecture. I am also beginning work on my dissertation which will investigate how counterparty risk tolerance is determined and what impact this has on the performance of the Credit checking system we have designed and implemented”, he explains,
For him, an MBA is not “crucial to beginning a career with an investment bank”. However, he adds, “it obviously can't hurt your chances. Banks like UBS have a hugely diverse range of jobs which require very different skill sets and experience”. MBA graduates are better placed in some of these roles.
What Nicholas likes about his job is that his current project “is dynamic... you have to anticipate what the next issue will be and how you will find different solutions to each problem. I also like to know that I’m building something; it gives you a sense of accomplishment at the end of the project.”
Finally, he likes that his role involves working with people in divisions across the bank, from Sales & Trading, Risk management, IT and Operations.
He thinks the most challenging part of the OTC and CCP Programme is the fact that the US regulations aren’t finalised yet and that the rules haven’t been implemented: “so we have to try and anticipate how the market will work and build the Credit check solution based on those assumptions”.
We asked him what kinds of skills are necessary in order to start a career in investment banking. “It’s difficult to say”, he answers, “Investment banking includes a broad range of activities, and therefore, skills you need.
“Some people need exceptional numeric skills, some terrific strategic thinking about how the market will move, and what business opportunities will arise, while others have strong operational process backgrounds to ensure client service excellence. I would say everybody working in investment banking needs strong client focus, communication skills, problem analysis, drive and commitment”.
Student Reviews
BSc Management with Marketing
I loved Warwick business school.
The staff is supportive, my academic tutor was key in my development throughout the 3 years and you have to meet with her/him every term. Most professors are helpful and would happily offer support if needed. You also have office hours and can contact professors by email and through the forum.
In general, WBS instills in you the willingness to learn and the resilience needed for you for whatever career you choose.
Very international community which broadens your horizon and makes you more open minded and self aware. You will most certainly make friends and memories for life. I recommend that you get outside of your comfort zone and try new activities with your friends!
WBS also has a great reputation and offers careers opportunities, and careers support throughout the degree.
There is the opportunity to do a year abroad to further develop on a personal level. I wasn’t able to do this due to Covid but I would have loved to do it during normal circumstances! Would definitely recommend this.
Although Warwick is not a city university, the campus vibe has a lot of advantages, especially at an undergraduate level. You are always around familiar faces, and in a student environment. Moreover, Birmingham is only 20 mins away from Leamington spa and London is only one hour away! Perfect for a day trip or a weekend getaway!
Life at Warwick Business School
Pursuing my master's degree at WBS has been a game-changer in my life. With high-quality education, interaction with students from across the world, amazing campus life and much more. I was able to learn about business, finance, project management and strategy all in one course: MSc in Management at WBS. Besides the top-notch education from the best professors, I also enjoyed being a part of fun societies and participating in fun activities such as scavenger hunts and so much more.
The school also organises many company visits and interactions which help students get a head start at finding a job. As my course came to an end, I also have a good full-time job placement in my hands.
Overall, my experience at WBS was a great one.
Outstanding
The Warwick Business School was like a dream come to life for me. The University ranking speaks for itself, from top-tier facilities to some of the best professors I had to honour to study with I fell in love with my course. Interactions with people from all over the world gave me a newfound confidence in myself.
Career prospects after graduating are endless due to the contacts of the universities and the success rate for previous students, it does open a lot of doors for students in various career fields. The campus life is quite good as well with a lot of student groups and clubs, and extra circular activities to engage students at all times. Loved my experience.
A good business school
It is a very cutting-edge, career-oriented business school, all courses are very practical, and the college does a very good job of career service. From the hardware and facilities to the staff, the student experience is at the core of the school and student satisfaction is taken very seriously. I understand that many universities in the UK are relatively traditional and can occasionally be rigid in terms of rules and regulations, and although WBS has a relatively short history, this makes it more innovative and dynamic, which is essential for a business school. The downside is that because it is on the outskirts of Coventry, it is a long bus ride to the city centre, not to mention the difference in experience from a big city like London.
Campus
The people, campus, staff. It’s a very enjoyable environment and it’s particularly good for learning and playing sports. The people there are extremely friendly and welcoming and it’s very easy to make friends
What I Like About Warwick
I’ve personally liked my experience at Warwick so far because of the amazing people I’ve gotten to meet and how many opportunities we students are provided with to learn and grow.
Within Warwick, I’m part of the Business School, a learning haven comprised of well-structured modules and extremely helpful people
All in all, a great place to be :)
Campus Life
One thing that stood out for me was the campus life, you felt like part of a community. The social aspects of the student union and on-campus accommodation meant you can easily get together and enjoy with friends. Additionally, I felt the course provided a variety of subjects allowing me to enhance my knowledge, from Marketing to Law and Finance. Overall I would most definitely recommend this university to friends and family.
Excellence self catered
The campus is very welcoming and Modern. There are many opportunities at Warwick but it is up to the student how do they want to make the most out of it and the staff at the school will definitely helo as much as possible. The location and the ranking have been amazing.
Warwick business school
Warwick business school is one of the best universities around the globe with a solid base of economic and business studies. Moreover, students get a chance to study in a diverse and warm environment with professional stuff which tries to provide the best opportunities for career development. One of the memorable features of the university are great events which sometimes take a place in one of the landmarks of the London city, the Shard building.
BSc Management with Marketing
I loved Warwick business school.
The staff is supportive, my academic tutor was key in my development throughout the 3 years and you have to meet with her/him every term. Most professors are helpful and would happily offer support if needed. You also have office hours and can contact professors by email and through the forum.
In general, WBS instills in you the willingness to learn and the resilience needed for you for whatever career you choose.
Very international community which broadens your horizon and makes you more open minded and self aware. You will most certainly make friends and memories for life. I recommend that you get outside of your comfort zone and try new activities with your friends!
WBS also has a great reputation and offers careers opportunities, and careers support throughout the degree.
There is the opportunity to do a year abroad to further develop on a personal level. I wasn’t able to do this due to Covid but I would have loved to do it during normal circumstances! Would definitely recommend this.
Although Warwick is not a city university, the campus vibe has a lot of advantages, especially at an undergraduate level. You are always around familiar faces, and in a student environment. Moreover, Birmingham is only 20 mins away from Leamington spa and London is only one hour away! Perfect for a day trip or a weekend getaway!
Life at Warwick Business School
Pursuing my master's degree at WBS has been a game-changer in my life. With high-quality education, interaction with students from across the world, amazing campus life and much more. I was able to learn about business, finance, project management and strategy all in one course: MSc in Management at WBS. Besides the top-notch education from the best professors, I also enjoyed being a part of fun societies and participating in fun activities such as scavenger hunts and so much more.
The school also organises many company visits and interactions which help students get a head start at finding a job. As my course came to an end, I also have a good full-time job placement in my hands.
Overall, my experience at WBS was a great one.
Outstanding
The Warwick Business School was like a dream come to life for me. The University ranking speaks for itself, from top-tier facilities to some of the best professors I had to honour to study with I fell in love with my course. Interactions with people from all over the world gave me a newfound confidence in myself.
Career prospects after graduating are endless due to the contacts of the universities and the success rate for previous students, it does open a lot of doors for students in various career fields. The campus life is quite good as well with a lot of student groups and clubs, and extra circular activities to engage students at all times. Loved my experience.
A good business school
It is a very cutting-edge, career-oriented business school, all courses are very practical, and the college does a very good job of career service. From the hardware and facilities to the staff, the student experience is at the core of the school and student satisfaction is taken very seriously. I understand that many universities in the UK are relatively traditional and can occasionally be rigid in terms of rules and regulations, and although WBS has a relatively short history, this makes it more innovative and dynamic, which is essential for a business school. The downside is that because it is on the outskirts of Coventry, it is a long bus ride to the city centre, not to mention the difference in experience from a big city like London.
Campus
The people, campus, staff. It’s a very enjoyable environment and it’s particularly good for learning and playing sports. The people there are extremely friendly and welcoming and it’s very easy to make friends
What I Like About Warwick
I’ve personally liked my experience at Warwick so far because of the amazing people I’ve gotten to meet and how many opportunities we students are provided with to learn and grow.
Within Warwick, I’m part of the Business School, a learning haven comprised of well-structured modules and extremely helpful people
All in all, a great place to be :)
Campus Life
One thing that stood out for me was the campus life, you felt like part of a community. The social aspects of the student union and on-campus accommodation meant you can easily get together and enjoy with friends. Additionally, I felt the course provided a variety of subjects allowing me to enhance my knowledge, from Marketing to Law and Finance. Overall I would most definitely recommend this university to friends and family.
Excellence self catered
The campus is very welcoming and Modern. There are many opportunities at Warwick but it is up to the student how do they want to make the most out of it and the staff at the school will definitely helo as much as possible. The location and the ranking have been amazing.
Warwick business school
Warwick business school is one of the best universities around the globe with a solid base of economic and business studies. Moreover, students get a chance to study in a diverse and warm environment with professional stuff which tries to provide the best opportunities for career development. One of the memorable features of the university are great events which sometimes take a place in one of the landmarks of the London city, the Shard building.
