Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities, and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse.
We Offer The Chief Risk and Compliance Officer function is a highly visible, dynamic area where you can be an integral part of the decision-making that supports the bank's business. We drive strategic and sustainable returns, and offer risk, controls and regulatory advice. You will be part of a team that is renowned for its fast-paced, collaborative and diverse work environment. We believe our colleagues are our best asset. A department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global Conduct and Ethics Standards. Part of Enterprise Risk Management (ERM) at Credit Suisse, the Model Risk Management (MRM) team has a mandate to validate the Bank's business-impactful models firm-wide and more generally to identify, measure and manage model risk across Credit Suisse. The team is established in London, Zurich, Mumbai, Singapore, Warsaw, Hong Kong and New York. As a member of the MRM team in London, you will get exposure to modelling in a wide variety of models in areas such as pricing and risk models (VaR/RNIV, EPE) and other business-impactful models used throughout the bank etc. The team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management. Opportunities to present results to business partners as well as peers are numerous, allowing you to widen and develop their network and reputation.
An opportunity to manage independent validation reviews across a wide range of core Risk Capital, Pricing or other business-impactful models used throughout the bank. Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: choice of modelling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.
Review, verify and validate financial models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.
Being part of our diverse team and represent it in senior internal governance forums, prepare the relevant presentation materials and ensure flow of information to the respective validation teams. Participate in the relevant regulatory meetings and coordinate the activities pertaining to the material preparation.
We expect you to demonstrate independence in planning and business partner engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.
Open to discussing flexible/agile working.
Hold a Masters or PhD in a quantitative field, e.g. Mathematics, Physics, Engineering, Finance, Economics with experience in financial modelling and/or model validation.
Experience in modelling or validating VaR models. FRTB experience would be a plus.
Hands-on experience in risk and capital modelling, derivatives pricing. Demonstrate detailed understanding of capital modelling, financial and derivative products and mathematics.
A partnering mind-set, with a practical approach to problem solving. Outstanding communication with senior business partners. Demonstrate ability to explain complex topics to a broad range of audiences.
Good programming experience would be an asset (such as R, C++, C#).
Results-oriented, hardworking and have a proven record of delivering high quality results to strict deadlines.
Outstanding interpersonal and organizational skills combined with attention to details.
You understand the value of diversity in the workplace and are dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work.
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.
Credit Suisse is committed to providing equal 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. Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success