Cleared Derivative Control, ENO

Employer
Credit Suisse
Location
Pune, India
Salary
Competitive
Posted
Jan 26, 2021
Closes
Jan 29, 2021
Ref
9948046
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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
Cleared derivative and control function's main responsibilities cover oversight of utility across, clearing, margining and other process for cleared derivatives in the trade life cycle.

The role will involve internal face-off with CS business partners and relationship management/direction interaction daily with our outsourced utility and service provider for Cleared Derivatives. The role will be fully accountable for the control environment and adherence to Credit Suisse Internal policies, including but not limited to the Funds Transfer Policy.

We are 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.

It will also involve cooperating with Front Office on any request for substitution of collateral pledged in order to ensure the efficient/the cheapest asset allocation for the firm. This function plays a very important role in the control environment built around the Firm's cleared margin activities

Margins

This is a critical function where accuracy and timeliness of daily reconciliations such as cash/non cash collateral, FX, positions, validation of static data records is performed, also margin postings are crucial to ensure that every margin requirement (start of day & intra-day) coming from various CCPs (Centrally Cleared Counterparties) is covered.

  • Responsible for handling critical, time-sensitive margin settlements with clients and exchanges/CCPs/brokers for cleared derivatives products across exchanges
  • Perform daily reconciliations such as cash/non cash collateral, FX, positions, validation of static data records, publishing daily reports to higher management
  • This also will include the processing of adjustments and instructions into a variety of internal and external systems
  • Due to often seen market volatility, this role will require working at a fast pace without sacrificing accuracy
  • Verify and Release of payments in accordance with Global Fund Transfer policy
  • Investigate Nostro breaks and ensure Nostro reconciliations is completed in time
Regulatory and Compliance
  • Review and submission of regulatory report
  • Seek to ensure compliance with the Bank's Regulatory Reporting Framework
  • Keep abreast with changes in regulatory landscape and its implication for risk management
Utility Oversight and Control
  • Managing margin requirements, collateral booking, reconciliations, interest processing, payment processing, associated Nostro break reporting, management and resolution
  • Daily engagement with Utility, Internal Client Service Teams, Risk Managers and Inventory Management & External CCP's
  • Collaborate with other divisions and departments in implementing standards and processes to support effective control environment and management of Client, Credit Suisse and CCP exposure
  • Daily management of all Key Performance Indicators/KRI's ensuring the department are in line with internal guidelines/policies, with affective communication and reporting.
  • This is a robust risk-focused unit which operates with an ethos of innovation, continual improvement and process development
Ad hoc Projects include
  • Continuous improvement of the current process and procedures
  • Response to strategic change initiated by and affecting the departments
  • Participate and coordinate in project initiatives and UAT


You Offer
  • 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.
  • Investment Banking experience of 5-7 years in Operations in listed Derivative and OTC space
  • Degree in Business, Finance or Accounting i.e. MBA/ CFA/ CA/ ICWA
  • Candidate willing to work in US time zone only need to apply
  • Proficient in different types of listed derivatives products, the trade lifecycle, margin settlements, fund transfer, knowledge of various swift messaging must
  • Trade and Position exception reconciliation and resolution, Stock record balancing, Collateral processing
  • Outstanding ability to prioritize tasks, meet deadlines and work in intraday cut off scenario
  • Proficient in MS Applications (Excel, macro's, power point) will be added advantage
  • Control approach, analytical problem solving skills and high degree of accuracy is required
  • Strong communication in written, verbal and presentation skills
  • Build strong positive relationships across departments and vendor partners
  • Result oriented, dedicated, hardworking and can work on own initiative whilst also working under pressure to deliver on time with a high level of integrity, sense of urgency, attention to detail and quality standards


Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.
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