- Permanent, Full time
- Credit Suisse Asia
- 30 Sep 16
Credit Suisse Company Overview Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clients-and to help our employees grow. It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training, networking and mobility. Join us and let's shape the future of Credit Suisse together.
The CRO Regulatory Risk Management team (part of the Enterprise Risk Management team), reporting to the Group Chief Risk Officer, provides a regulatory consultancy service to the bank on all issues that impact compliance of the bank's risk models and risk management framework. The team's activities include managing regulatory visits and information requests involving Risk management issues, providing expert rules interpretation advice to all levels of management in CRO, monitoring evolving regulatory rules, interpreting and reviewing self-assessments against regulatory rules, and managing CRO's Policies framework. The team's coverage is global and covers Market, Liquidity, Credit, Operational & Enterprise Risk across London, Zurich, New York, Singapore and with addition of this role a presence in Hong Kong.
The team has an opportunity for an experienced regulatory and risk management professional to lead the risk management regulatory interaction with HK/China Regulators. Additionally the ideal candidate will also have in depth credit risk management ("CRM") or market and liquidity risk management ("MLRM") subject matter expertise ("SME") gained through previous direct risk management experience and act in the SME Regulatory advisory role across APAC. The role will report to the APAC Regulatory Risk Management Head and key clients will be the HK/China CROs, as well as APAC Head of CRM based in Singapore or the APAC Head of MLRM based in Hong Kong depending on the SME specialization.
The principle responsibilities of the HK/China Regulatory Risk Management are:
- Providing general advisory, guidance and interpretation of HK/China regulations, and how to amend risk models or processes to comply with specific local regulations
- Review and challenge of self-assessments against HK/China rules and participating in Quality Assurance panels to ensure all compliance gaps are correctly identified and appropriate remediation plans are put in place
- Keeping up to date with all HK/China regulations impacting CRO, understanding the implications of new regulations including impact on Risk Management processes and models, and communicating impacts to local management
- Acting as the central point of contact for all risk-related regulatory queries in HK/China. This includes organizing meetings with Regulators, organizing agendas, putting together briefing materials for Senior management prior to meetings, putting together presentations for Regulators, tracking outstanding regulatory commitments, keeping Senior Management updated on key regulatory issues
To qualify, you must possess:
- At least 10 years of financial sector experience preferably in a credit or market/liquidity risk management role in an investment or large commercial bank, consultancy firm or regulator
- Previous interaction with HK SFC, HKMA and CBRC are advantageous.
- Deep knowledge of credit or market/liquidity risk measurement techniques including application
- Deep knowledge of APAC regulations in credit or market/liquidity risk management
- Good network with regulators and industry organizations and willingness to participate in industry discussions and feedback to regulatory consultations
- Desire to get into detail of the rules, including taking both a legalistic approach and also understanding the "spirit" behind the regulation
- Ability to keep up to date with current and evolving requirements set out by APAC regulators and articulating the impact of those requirements internally at various levels
- Excellent organization and coordination skills and ability to consolidate complex material whilst working to tight deadlines
- Highly motivated, with a proven ability to work on own initiative within a challenging/dynamic work environment
- Strong project management skills, proven organization, coordination and action tracking skills
- High attention to detail, and excellent drafting and English comprehension skills
- Ability to communicate clearly and effectively, particularly across cultures and when working remotely
- Mandarin fluency is an advantage
- Last but not least, strong and flexible team player
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.