Senior Risk Manager-Group Risk Appetite-AVP/VP

Credit Suisse
Mumbai, India
21 Jan 2021
27 Jan 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
The role is for a risk manager within the Risk Appetite, Emerging & Pension Risk team as part of the Enterprise Risk Group. The individual will be expected to participate in several key inter and intra department relationships, and be responsible for delivering the comprehensive Risk Appetite Allocation for Credit Suisse Group and Parent and for the further development of the Risk Appetite Framework with respect to firm-wide strategic objectives. The role will be embedded within a wider team working on the risk appetite of Business Divisions and key Credit-Suisse subsidiaries, ensuring an integrated bank-wide approach is in place across all organizational dimensions.

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

Keys to this position

The role is responsible for a high profile work-stream to deliver and further develop the Framework for CS. It is concerned with figuring out the types and levels of risk to which the Bank is willing to be exposed in order to achieve our financial objectives. Close interaction with the businesses, risk specialists and senior CRO executives is crucial to the successful delivery of the frameworks.

Core tasks will involve
  • Allocation of risk appetite from Credit-Suisse Group to legal entities/ branches and divisions
  • Seek to coordinate with senior partners (i.e. Divisional/LE CROs, Finance & Business) to explain risk metric movements and drivers of the various models used within Risk; can explain risk model linkage to capital, earnings, limit setting and the risk appetite process.
  • Preparation of high quality presentations and analysis for a diverse audience from senior management, to risk management committees and non-risk forums
  • Researching and developing appropriate methodologies and processes to establish Risk Appetite for CS, including updating of policies, procedures and risk appetites statements
  • Preparation of various regulatory submission material on the Framework to FINMA, Fed and other supervisory colleges
  • Outstanding partner management skills to ensure that task owners deliver on their commitments
  • Understanding movements and drivers of risk metrics down to the business line and product level, and to be able to discuss this level of detail within Risk to ascertain the trading strategy behind such positioning

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.
  • Proficient in broad risk measurement frameworks, including Market Risk (e.g. VaR) or Credit Risk management as it applies to Private/Retail Banking or to Investment Banking
  • Proficient in Internal Capital Models such as Stress Testing or Economic Risk Capital frameworks
  • Understanding of balance sheet accounting consolidation/non-consolidation rules, firm-level financial ratios and typical strategic financial objectives/targets
  • Outstanding communication skills in English is required in order to liaise with the globally distributed teams, and experience in producing formal high quality documentation
  • Seek to operate autonomously, to drive a project/task forward and produce an end state product that can be presented to senior management with minimal required revision
  • Proficiency in other areas such as Liquidity Risk or Capital Management would also be an additional asset
  • Experience within a risk department of a large bank or a consultancy firm
  • Ideally, experience in limit setting and in the design or implementation of Risk Appetite and wider Risk Frameworks, or previous experience in an Enterprise Risk function
  • Proficient across a wide range of products in Private/Retail Banking or Investment Banking
  • A degree-level education (or equivalent) in a numerate field
  • Professional or post-graduate qualifications within a relevant field i.e. ACA/ACCA, CFA, FRM, PhD would be an added advantage!
  • Result oriented, dedicated, hardworking and can work on own initiative whilst also working collaboratively and 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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