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25/06 Sharbani Dutta
Head BFSI at RGF Management Search

Views:4646 Applications:214 Rec. Actions:Recruiter Actions:0

Credit Suisse - Senior Risk Manager - Model Risk Management (2-8 yrs)

Mumbai Job Code: 230923

About Credit Suisse:

Credit Suisse is a leading global financial services company, offering clients financial advice in all aspects of investment banking, private banking and asset management. Our integrated business model combines the resources of our two business divisions, allowing us to provide comprehensive solutions to our clients. Founded in 1856, we have operations in over 50 countries and employ 46,400 individuals from over 150 different nations. Our divisions are supported by our Shared Services functions, which provide corporate services and business solutions while ensuring a strong compliance culture. Further information can be found at www.credit-suisse.com.

Cultural diversity is essential to our success. Credit Suisse empowers employees to work openly and respectfully with each other and with clients, ultimately striving to deliver superior results while offering initiatives and programs to assist employees achieve a healthy work-life balance.

Departmental overview:

Part of the Risk Division at Credit Suisse, the Model Risk Management (MRM) team has overall responsibility for identifying, reporting and managing model risk across the firm. Comprehensive management of model risk is a relatively new industry development and the team is currently rolling out a global model risk management framework. The team is established in London, Zurich, Mumbai and New York.

We offer:-

The truly global scope and coverage of model risk means that this role offers a fascinating opportunity to experience the full diversity and evolution of model use in a leading modern financial services institution.

The candidate will be working with an incredibly broad group of stakeholders from every part of the firm. The expectation is that the candidate will become familiar with the risk validation and wider model risk management book of work, effectively manage aspects of the team's processes such as tracking of tasks and project status, be able to contribute to the development of processes and systems, support the MRM management team and help to develop and maintain good stakeholder relationships.

The role will also allow numerous opportunities to present results to stakeholders as well as peers, allowing the candidate to widen and develop their network and reputation. In particular there will be opportunity to develop senior stakeholder relationships whose cooperation and involvement in the MRM process is vital.

A Senior Model Risk Program Manager is required to assist in the roll-out and enhancement of firm-wide management and monitoring of model risk. The role will involve:

- Supporting the MRM management team to establish or review internal processes, such as tracking of tasks and project status, and to achieve its goal of delivering a business-focused, regulatory compliant model risk management framework at Credit Suisse.

- Identifying and managing model risk across the bank, including leading independent reviews of models, meeting business needs and regulatory expectations, with responsibility for highlighting key aspects of models under review.

- Continuous interaction and collaboration with stakeholders from a wide range of internal business areas, internal and external audit as well as regulatory authorities.

- Responsibility for the creation of model risk reports, including presentation of validation reports for the attention of senior management, regulatory authorities, and model stakeholders.

- Task tracking and management, data management, stakeholder management, developing reporting processes, etc.

The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm. The expectation is that the candidate will become familiar with the risk validation and wider model risk management book of work, effectively manage aspects of the team's processes such as tracking of tasks and project status, be able to contribute to the development of processes and systems, support the MRM management team and help to develop and maintain good stakeholder relationships.

You offer:-

Essential:

- At least 4-6 years of practical experience in the financial services industry. Business risk (eg. Market/Credit/Operational/Enterprise) and/or project/program/change management experience desirable.

- A bachelor's degree in a relevant discipline; post graduate qualifications (Masters in Finance, MBA, etc.) preferred.

- Proficiency in Excel is required for data analysis and report generation, along with the ability to develop compelling PowerPoint presentations.

- Client focus and the ability to communicate effectively with senior stakeholders, including the ability to explain complex topics to a diverse range of audiences.

- Interested in financial modelling, business process and banking regulations.

- Strong drive, motivation, customer focus (e.g. key stakeholders), proactivity and willingness to take ownership going the extra mile to achieve high quality of outputs and service.

- Candidates should be self-motivated, disciplined, task focused, able to structure their work and have a proven record of delivering high quality results to strict deadlines.

- Attention to detail coupled with a good top-down perspective.

Desirable:

- Experience of risk and capital modeling, derivatives pricing and/or broader financial modeling.

- Experience in data management and analysis or in Front Office IT would be an advantage.

- Additional certifications such as CFA, FRM, PRMIA, etc.

- A general understanding of global regulatory requirements is desirable to be a credible counterpart given the huge and challenging variety of models in scope.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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