Portfolio Market Risk Specialist

Credit Suisse
Raleigh, USA
Feb 17, 2021
Mar 19, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
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
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 cultural values
CRO Risk ENO/AVP covering the businesses across asset (Fixed Income, Equity and cross asset) classes in the US portfolios. This role would be the part of the team responsible for covering the market risk for US legal entities and Branches. The applicant will need to have a strong quantitative background, strong communication skills combined with an understanding of financial and risk management fundamentals. And derivative pricing concepts including MTM and P&L attribution.
DIVISION: The Chief Risk Officer (CRO) Division acts as guardian of the bank's risk appetite and provides effective and independent risk oversight: Challenge and proactively engage with the business in crafting its risk profile, strengthening the first Line of Defense (LoD) and aligning its strategy execution with shareholders' and regulatory requirements. Maintain a comprehensive bank-wide risk appetite framework and run well-controlled risk processes ensuring an effective bank-wide second LoD. Position CRO function as proficient, reliable and, where appropriate, exciting counterpart vis-à-vis regulatory authorities globally. Provide partners with visibility on all risk-related matters and ensure timely assessment and partner concern. Continuously strengthen the risk function by attracting, developing and retaining top talents and cultivate continuous learning throughout the organization. Drive the continuous enhancement and efficiency improvement of risk-related systems and infrastructure.
CUSO/CIB CRO: provides independent risk oversight for the Investment Bank, the Intermediate Holding Company in the US and its subsidiaries as well as New York, Cayman and Toronto Branches of Credit Suisse AG. The CRO defines US risk management framework for the CRO CSH USA and relevant US legal entities in close collaboration with the US CEO and the Legal Entity Board of Directors. The CRO CSH USA is directly responsible for the oversight of market, and enterprise risk for combined US operations and maintains direct control of the CRO CSH USA resources required to execute the combined US operations mandate. Focus areas include Market Risk model based Capital Measures such as Regulatory VaR, Stressed VaR, Incremental Risk Charge, Risks Not in VaR and internal measures such as Economic Capital and Risk Management VaR and model/methodology changes and their impact to Portfolio Market Risk Metrics.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.

You Offer

List of skills and qualification encouraged in an applicant:
  • Understands the value of diversity in the workplace and is 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
  • Undergraduate or post graduate degree in Finance, Economics, Engineering or other numerate subject area
  • Outstanding experience within Market Risk including knowledge of Value at Risk (VaR) models, Capital measures and Scenario Analysis.
  • Analysis of model/methodology changes and their impact to Portfolio Market Risk Metrics.
  • Assist in crafting and delivering risk MI for Senior Management and Regulators.
  • Strong communication skill is essential!
  • Detailed knowledge of products across asset classes with expertise at least in one asset class between Securitized Products, Global Credit Products and/or Equities
  • Proficient with Microsoft Excel and PowerPoint skills. SQL a plus!
  • FRM or CFA certification a plus!
  • Forward-thinking Self-starter, with ability to work independently, take ownership of tasks, and deliver under timeframes
  • Proven experience establishing, developing and automating processes, procedures and controls
  • Proven experience in providing input, implementing and updating governance policies and standards

Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories.