IBCM, Risk & Controls, Conflicts Officer, VP, NY
Credit Suisse holds a leading position across the spectrum of investment banking products -- all designed to help our clients achieve their strategic objectives. CS ranks in the top tier in nearly all major business segments and is a trusted advisor to all our clients in every investment banking aspect - from mergers and acquisitions and strategic advice to all aspects of capital-raising, such as Equity Capital Markets, Debt Capital Markets and Leveraged Finance.
Investment Banking and Capital Markets ("IBCM") team consists of professionals with expertise across the range of industries and products. Leading global equity and fixed-income sales and trading desks further support our global Investment Banking efforts. CS has unparalleled global vision, with a significant presence in major financial centers across the globe.
The Conflicts Group is accountable for registering and reviewing all new banking transactions, including pitches, substantive client discussions and receipt of confidential information, for the purpose of settling if there could be a real or perceived conflict of interest with other activities across the firm. The Conflicts Office is responsible for working with bankers (both junior and senior) and IBCM management, along with other groups such as Legal, Compliance and other Conflicts Officers in the EMEA, Switzerland and APAC region, to help identify and mitigate business selection conflicts. Conflicts officer works in a dynamic and fast-paced environment, where decisions may be made under time sensitive environment, but where accurate consultation, discussion and the consideration of different factors is critical to obtaining the best outcome and protecting our clients' best interests.
Group focuses on helping to determine and balance the risks of IBCM as well as instituting controls, policies and procedures. Its mandate covers Operational Risk, Compliance and Transaction Risk and is responsible, among other things for the IBCM Client ID function.
Typical Conflicts Group responsibilities may include:
- Reviewing and recording all new business/transactions in IBCM (advisory, underwriting and lending) and various other activities of the group to identify and address potential conflicts of interest from a CS/client or legal perspective
- Liaising with group management, Legal, Compliance and others to resolve differences of opinion, determine recommended course of action, coordinate any required approvals for special situations and confirm adherence to CS conflicts policies
- Work with group heads to screen potential transactions and help figure out preferred business opportunities for the firm.
- Providing regular reporting to management about new transactions, pitches, discussions, etc, to help coordinate new business and prioritize
- Maintaining a central database of transactions, conflict situations, discussions, resolutions, etc. for tracking and audit purposes, providing daily reporting of conflicts metrics to management and conducting reconciliations of conflicts records to other systems to verify data integrity
- Serving as a primary contact for sensitive and confidential transaction information for various parts of the organizations (Control Room, Litigation, Compliance, etc.)
- Balancing various group administrative functions such as conflicts training, new product development, project coordination, new joiner/group onboarding, etc.
- Equivalent work experience of 2-5+ years in a Conflicts Officer role required!
- Equivalent experience with investment banking transactions (i.e., mergers/acquisition, underwriting and lending) is a required!
- Ability to communicate effectively via email, phone or face to face at all levels (from junior employees to Managing Directors)
- Consistent track record in developing, improving and leading teams with excellent client and service orientation.
- Identify issues and provide detailed resolution.
- Discretion in the handling sensitive information?
- Strong attention to detail, ability to prioritize work, multi-task and act with a sense of urgency and responsiveness to all inquiries
- Excellent written and verbal communication skills
- Ability to learn and work on own initiative with a resilient attitude and, after sufficient training, to independently address potential conflict issues with minimal support from more senior group members
- Time management skills, handle conflicts clearance activities and make valuable contributions to variety of departmental projects and initiatives
- Outstanding interpersonal skills, ability to develop relationships with internal clients to understand and address needs with sensitivity
- Dedicated, proactive for process improvement and contributing towards their implementation