Credit Suisse - Vice President - Market Risk Management - DIR

We offer :

- Market & Liquidity Risk Management Equities manages market risk and associated regulatory capital requirements for Credit Suisse Equities portfolio which includes Derivatives, Convertibles, Prime Brokerage, Cash and Systematic Market Making group (SMG), Equity Scenarios, Projects divisions across US, Europe and Asia Pacific.

- Risk Management framework primarily comprises of measuring and monitoring market risk using sensitivity (Greeks), Capital (VaR/RNiV) & scenarios (stress testing) & Scenarios (stress testing) accurate capture of risk exposures (sensitivities, capital, scenarios), as well as having deep understating of products, risks and P&L for the CS's Equities business & highlighting any large/unusual risks to senior management.

- This is supplemented by detailed analysis at trading desk, product and trade level to develop a deep understanding of complex products & associated risks to enable the bank to better manage its market risk.

- Managing key regulatory stress-testing requirements for the Equity business

- Analysis & sign-off of market risk capital measures - VaR, Stressed VaR & Risks-not-in-VaR (RNiV)

The candidate is required to have :

- A strong knowledge of equity products (Vanilla & structured derivatives), specific and macro drivers of risk, desk and business strategy (what are the primary trades and hedges, source of P&L), the IT infrastructure & flow of data (from pricing models to reporting infrastructure & databases) etc.

- Abreast of current regulatory environment e.g. FRTB, CCAR etc.

- Will be responsible for managing team of 25-30 people

- MLRM Mumbai Equities team comprise of Derivatives, Convertibles, Prime Brokerage, Cash and Systematic Market Making group (SMG), Equity Scenarios, Projects division in Mumbai.

Your responsibilities will include:

- Managing daily risk i.e. a Analysis, review and sign-off of risks/scenarios, focusing on understanding behavior of derivative products under various market conditions

- Managing capital i.e. analysis & sign-off of market risk capital measures - VaR, Stressed VaR & Risks-not-in-VaR (RNiV); also advising the business on hedging/mitigation strategies on capital/RWA utilization

- Liaising with the trading desk in case of large risk changes, analysis/approval of new trades/products, discussions on limit breaches & resolution plan

- Ensuring timely and high quality production and analysis of periodic Risk Reports (Monthly, Quarterly) resulting in meaningful, actionable commentary for use by senior management

- Analysis & sign-off of periodic regulatory submissions including a wide range of stress-test scenarios/sensitivities (like FDSF, CCAR etc.)

- Analysis of desk's P&L to understand trading/hedging strategy & P&L performance vis--vis risk exposures

- Liaising with Global Equities Risk Managers (US, EMEA, APAC) to understand/shape/drive/define requirements and provide ad-hoc risk analysis where warranted

- Generating ideas on forward looking/event-specific scenarios & using them to help business mitigate significant risks

- Working closely with senior stakeholders in Mumbai as well as globally to continuously enhance the value proposition of Mumbai team

- Review & sign off regulatory market risk scenarios like SFTQ, ICAAP etc.

You offer :

Degree in Finance/Maths/Engineering from a reputed institution

- 10-15 years of experience in a banking role with a focus on risk management, equities, markets, analytics, data management and reporting

- Sound knowledge of finance theory and products is a prerequisite. Knowledge of option pricing, derivatives, exotics is helpful

- IT; Solid IT awareness/skills to drive robotics/automation

- Understanding of Investment banking, Trading Lifecycle, Market risk, macro-economics and how all these impact the bank's portfolio

- Attention to detail to allow the candidate to identify potential errors in Risk numbers. Reports are used for business decisions and need to be highly accurate.

- Strong communication and interpersonal skills

- Multi geography and multi-function stakeholders management such as senior risk managers, traders, product control, India management etc.

- Excellent team management experience of leading a team, mentoring