Jun. Operational Risk Contr.

Credit Suisse
Mumbai, India
23 Feb 2021
26 Feb 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

Credit Suisse [CS] businesses operate globally in all major locations like London, New York, Hong Kong and Singapore. CS AG also has branches and subsidiaries that operate as material legal entities [MLEs] across the world in Dublin, New York, Cayman, Nassau, Madrid, Frankfurt etc. In an increasingly competitive and complex regulatory environment, there is a need for a strong and dedicated control function to support the Business Divisions, Corporate Functions and Legal Entity Management teams within CS globally in furthering our market leading position, and doing so in a risk focused and controlled manner.

The Cross Divisional Controls Platform [CDCP] Mumbai team is a critical part of the GBIS [Global Business Integrated Services] organization and is responsible for ensuring an outstanding control environment is in place globally. The team provides Central guidance for all Operational Risk and Control Framework activities; including design, implementation, ongoing monitoring/reporting and testing/validation of FO Supervision and key Front to Back Controls and provides bespoke controls support to Businesses and Legal Entities. This is a rapidly evolving area of business as well as a dynamic changing environment that will be both challenging and demanding.

The successful candidate will work within one of CDCP Mumbai teams; each team caters to a specific Controls work stream. They will engage in execution of key control initiatives as well as assisting senior team members in delivering key risk and control forums. They will coordinate with the Business Risk Officers and Control COOs across Corporate Functions to ensure the required information is made available as per a scheduled Book of Work - to ensure an effective and robust controls' framework being in place. They will also drive a common culture, ethos and work practices as part of the CDCP team.

We are a department that values Diversity and Inclusion (D&I) and are committed to realizing the firm's D&I ambition, which is an integral part of our cultural values.

In this fast-paced and ever changing environment, in order to be successful, it will be important to operate via the following objectives:

Control Culture

  • Set tone and standard to emphasize the importance of controls across the team
  • Act in an independent manner to represent the best interests of the Bank when designing and implementing controls, and when evaluating the performance of controls
  • Assist the Team Lead & other senior members in implementing the mission statement & vision for the team.

Team engagement

  • Cultivate a strong team spirit across the team and work with other teams within the Mumbai Control team

Controls Framework - A flavor of some of our deliverables

  • Development of industry leading control reports and related management information e.g., Cancel and Corrections, Off Market Reports, loss analysis, trader mandates exceptions
  • Prepare & Analyze monthly risk and control metrics to assess supervisory and operational risks at a business, regional and global level.
  • With a forward-looking view on risk and control issues observed in the industry and internally that may impact the CS Function - assist in performing related read across and devising related remediation plans
  • Assisting with Controls Governance Framework, associated metrics, and reporting tools - with reporting of key risks to senior management
  • Developing & maintenance of Control tools used to monitor Trader performance, Desk performance and Business level performance
  • Performing tyre-kick/deep dives/thematic reviews into key trading metrics to understand the reasons for outliers and suggest remediation actions by enhancement to existing controls
  • Coordinate with First & Second Line Controls in delivering a robust Risk and Controls Framework; including the RCSA process
  • Drive a controls testing mandate across Design & Operating Effectiveness

Regulatory environment

  • Stay ahead of regulatory developments and has sufficient flexibility to meet changing requirements


  • A challenging & fast paced environment
  • Exposure to the functioning of a team of highly skilled professionals and a global working environment
  • Experience with one of the world's most reputed financial services organization
  • High quality content and responsibilities in the work role
  • Mobility opportunities within the team

You Offer
  • Understand 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.
  • Strong interpersonal ability and can influence others not in direct span of control
  • Strong business experience to allow for senior level business interaction
  • Outstanding presentation skills with a strong attention to detail
  • Experience having worked in a high pressure, delivery focused environment
  • Strong analysis skills and is intellectually inquisitive
  • A drive to learn and prepared to review detail
  • Confidence and ability to be self-starter
  • Strong work ethic
Technical skills needed
  • Investment banking experience in control/risk functions
  • Front to back knowledge of key sales and trading process flows
  • Operational Risk / Internal Audit / Regulatory background and/or experience
  • Project management experience - track record of delivery on projects, commitments
  • Proficient in MS Office

MBA and or post graduate qualifications (CPA, Chartered Accountant, CFA)

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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