- London, England, United Kingdom
- Permanent, Full time
- Credit Suisse -
- 25 Mar 19
EMEA Equity VRC Team Leader # 118644
The Finance division at Credit Suisse aspires to be the best Finance division in the industry and a core driver of the bank's vision. Our focus is to manage the bank's capital, funding, liquidity and expenses to ensure we are well capitalized and have a strong enough balance sheet to withstand adversity and uncertainty. We are committed to drive cost efficiencies, improve control, quality and efficiency of our information and to engage with the businesses to actively prepare the bank for regulatory changes. To fulfill our mandate we need the skills, experience and engagement of our employees. We need to attract the best people and engage, grow and retain talents through a rewarding and inclusive partnership culture.
Equities Valuation Risk Control team is a specialist team within Product Control responsible for independent valuations, model validation, model governance and regulatory reporting. This is a technical management role which supports the Investment Bank's global Equity Derivatives businesses. The role is high profile with direct exposure to Front Office management and senior Product Control management.
Valuation Risk and Control (VRC) is primarily responsible for executing the independent Inventory Valuation control aspects of Product Control's primary role as the financial guardians of the Bank's sales and trading activities.
The ideal candidate will be responsible for managing the EMEA Equity Valuation Risk Control (VRC) function, overseeing a team of 8 people based in London and Zurich. The team supports Equity divisions comprising Structured Equity Derivatives, Prime Services and Fund Linked Products.
Other responsibilities include:
- Building trusted relationships with senior stakeholders from a business and regional perspective. This role has global coverage and requires frequent and effective communication with senior stakeholders across Trading, Market Risk, Accounting Policy, Model Validation & Quantitative Strategies.
- Leading senior valuation governance forums including monthly IPV, quarterly Level 3 deep dives, Prudent Valuation, model validation and governance.
- Providing timely and thorough analysis and commentary for price testing and performing unauthorized trading detection controls.
- Validating the rationale of financial and regulatory valuation adjustments.
- Conducting Fair Value Measurement analysis and advisory.
- Formulating and managing the independent price verification processes.
- Approval of new product and new business reviews from a valuation perspective.
- Review and approval of valuation methodologies.
- Analyse and review control gaps in existing processes to mitigate operational risk.
Open to discussing flexible/agile working.
- Bachelor's degree in finance, economics or quantitative-related subject. A recognised professional accountancy or financial qualification is preferred.
- 8+ years of experience in a Valuation Control, Risk or Product Control related function.
- Highly numerate with excellent product, financial modelling, and risk and valuation technique knowledge. Candidates with Equity Derivatives product knowledge are strongly preferred.
- Outstanding communication skills, able to articulate complex issues clearly and succinctly to senior management.
- Business partnership skills and experience in valuation control Target Operating Model design and implementation
- Strong team leadership and ability to partner across regional teams and with senior stakeholders to achieve organisational objectives.
- Excellent problem solving skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.
- High level of integrity and accountability with a strong sense of urgency and results-orientation.
Opening date: 17/09/2018
Closing date: 15/10/2018
Credit Suisse is committed to providing equal employment opportunities, regardless of ethnicity, nationality, gender, sexual orientation, gender identity, religion, age, civil partnership, marital or family status, pregnancy, disability or any other status that is protected as a matter of local law.