Financial Analyst - Valuations in Product Control # 102706
Product Controllers are the Financial Guardians of the Bank's sales and trading activities.
We fulfill this role through:
- Ensuring complete, accurate and timely P&L, Balance Sheets and analysis
- Validating of the value of our trading portfolios
- Working with the businesses and the new business product groups to evaluate & integrate new products and businesses into our financial environment in a controlled manner
- Provisioning of reliable and meaningful financial information to the business managers, external partners and other relevant internal constituents
What You'd Do:
As part of the Valuation Control (Product Control) job family, you would be primarily responsible for executing the independent pricing verification (IPV), aka price testing, of the portfolio. You would be supporting Loan businesses. Primary products include: Loans and derivative hedges. You would work closely with other Valuation Controllers, Business Controllers, traders, bankers, and other support teams as well as Senior Management.
Main responsibilities may include:
- Performing month end and intra month price testing. This will include pricing the portfolio against external transactions, third party vendor pricing, and comparable pricing by benchmarking off pricing of related facilities or comparable companies. For less liquid investments, you may research subject companies, perform enterprise valuation analyses and other appropriate analyses, perform credit analysis, and/or talk to the trading analysts and challenge their models and assumptions when necessary
- Reporting of commentary and presenting price testing results at monthly supervisory review meetings
- Providing ad hoc analysis on request to senior managers in Product Control and in Front Office
- Crafting IPV reporting packs for senior management
- Establishing a pro-active approach, actively seeking to identify valuation issues for investigation and resolution
- Delivering IPV process improvements
- Developing strong relationships with key partners amongst the internal team, Front Office, Risk, and other areas across the business in U.S., Europe and Asia
- Having regular interaction with and providing responses to internal and external auditors for both recurring, as well as one-time audits
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
Product Controllers should be highly attentive to risk and the importance of a strong control environment and show a high attention to detail in all aspects of their work. They should also possess highly developed analytic, interpersonal and communication skills to enable them to develop relationships with their key clients to understand and address their issues.
Each of the following qualifications/ skills and experience are preferred, but not required.
- Knowledge of fixed income products
- Understand the effects of risk as well as key drivers for valuation and Profit & Loss
- Excellent communication skills, able to articulate issues clearly and succinctly to senior management
- Ability to manage IPV processes and deliver IPV improvements
- Control background
- Ideally you will be flexible, diligent, organized and a team player