Product Control_Business Control_ENO

Recruiter
Credit Suisse
Location
Pune, India
Salary
Competitive
Posted
11 Sep 2020
Closes
17 Sep 2020
Ref
8417917
Job Function
Accounting/Audit/Tax
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
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
Divisional Description
Product Control are the Financial Guardians of the Bank's trading activities. We are a global function employing around 800 people, present in offices across EMEA, APAC and the Americas. Our crucial role is fulfilled by ensuring complete, accurate and timely P&L, Balance Sheets and analysis. We also conduct the independent validation of the value of our trading portfolios and work with the businesses and the new business product groups to evaluate & integrate new products and businesses into our financial environment in a controlled manner. Product Control also guards the banks trading activities via the provision of reliable and significant financial information provided to the business managers, external business partners and other relevant internal constituents. Importantly, we also execute controls to detect unauthorized trading or unusual activity and raise in a timely manner to senior management.
Key Responsibilities
  1. Production of daily P&L for a number of trading books across asset classes. Liaise with Front office and other end users on ad hoc queries.
  2. Reconciliation between front office and the back office P&L systems. This reconciliation pertains to all P&L activity including valuation of positions, cash balances, funding and provisions. These responsibilities require a good understanding of trade information process flows between different departments within the bank (Front Office, Operations and Financial Accounting departments).
  3. Analyse, explain and validate P&L daily according to market moves, new trades and other influences as well as perform risk based P&L. This requires understanding of the various trading strategies.
  4. Manage all marketing and risk provisions on the books to ensure accurate P&L reporting. This involves understanding how these provision values are derived and how they impact overall P&L.
  5. Take ownership of any issues that arise from the day to day and monthly processes with a view to resolving these in an efficient and timely manner.
  6. Perform month-end reconciliation of general ledger. Ensure that the inventory is appropriately accounted as per the relevant accounting policies.
  7. Ensure proper Fair value levelling of the inventory in the books.
  8. Improve the processes to make them more efficient or enhance controls.


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. This should be further elaborated on in your application.
  • Should be a C.A./ MBA from a reputed institute
  • CFA would be an added advantage.
  • Should have a good understanding of capital market products and proficient in accounting of the same
  • Phenomenal teammate and can work under pressure
  • Should be proficient in MS Office (Excel, Word, PPT)
  • Results-oriented, dedicated, hardworking who can work on own initiative and deliver on time with a high level of integrity and flexibility, 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.