Credit Suisse - AVP - Counterparty Credit Risk

Job Description: AVP- Counterparty Credit Risk

Functional Responsibilities:

- Manage daily/weekly/monthly deliverables for PRA, FINMA regulator reports and internal stakeholders

- Manage the book of work on strategic remediation tasks and set targets on closures and ageing.

- Lead key regulatory projects pertaining to interpreting system and business logic and validation of exposure methodologies and manage team participation in various phases of the project.

- In instances where data/methodology issues are identified, liaise with partner teams on acceptance and prioritization of the required remediation work.

- Produce daily, weekly and monthly trend reports to reflect IB credit risk profile per Basel II & III norms

- Track trend of IB credit risk portfolio and provide suitable commentary on gross level movements for dashboard reporting

- Provide reasonable commentary for movements in risk measures

- Provide indicative estimates of VaR, PE, EPE to Credit officers, RWA management and business teams, CRM and CRR when the risk engine fails to capture exposure profiles accurately, using advanced simulation tools and models for factor based, sensitivity based (Historical simulation) and Monte Carlo (Taylor series approximation and/or Partial revaluation) risk calculators

- Understand end-to-end data flow and functioning logic of our proprietary Credit Risk Management tool

- Actively participate in working group/steering committees of key regulatory projects and BAU releases to understand exposure impacts and cascade to team

Managerial Responsibilities:

- Manage efficient resource allocation to ensure optimum turnaround time to stakeholders

- Manage escalations and stakeholders promptly through coordination with various partners and team members as required to ensure a prompt resolution

- Ensure process documentation and updating the QRA handbook, and other knowledge/training documents

- Conduct training sessions in respective SME areas and ensure knowledge sharing amongst team members

- Identify opportunities and facilitate continuous knowledge building through interaction with CRO partner and stakeholder teams

- Roll out appropriate mentorship programs for new joiners develop senior members skills to mentor new hires

- Capitalize on synergies between the different teams in CRDA for an efficient workflow and minimal redundancy in efforts spent on root cause analysis

- Actively participate in hiring process

- Maintain and strive to further the high performance standards that have been established by CRQRA and CRDV thus far in terms of contribution, work climate and relationship with others

- Build strong relationships with stakeholders and manage their expectations on quality of deliverables

- Collaborate closely with partner teams to develop solutions

- Challenge status quo and build strategies to improve workflows and achieve more efficiency, demonstrate significant initiative beyond BAU areas of responsibility

- Maintain the highest standards of professionalism and principled behaviour and be a role model to your team