Cleared Derivatives Control, ENO

Credit Suisse
Pune, India
21 Apr 2021
24 Apr 2021
Job Function
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 Cleared Derivative and Control (CDC) team is a globally distributed team functional aligned across asset classes responsible for maintaining control and supporting growth for the Prime Derivative Clearing business comprising Listed Futures and Options, & OTC client clearing
A typical day in this role would include supporting APAC margin function with critical payments to client/ CCPs. Monitoring nostro accounts and ensuring their funding across various APAC market.
Ensuring all relevant regulatory reporting is completed within cut off. Overseeing the utility and their key tasks on Margins, regulatory and reference data
As a member of the team responsibilities will include a number of activities not limited to:
1. Margins:
• Responsible for managing critical, time-sensitive margin settlements with clients and exchanges/CCPs/brokers for cleared derivatives products across APAC and EMEA exchanges.
• Responsible to ensure margin calls with various exchanges are funded in a timely manner and clients' movements are processed accordingly
• Verify and Release of payments in accordance with Global Fund Transfer policy
• Investigate nostro breaks and ensure nostro reconciliations is completed in time
2. Regulatory and Compliance:
• Review and submission of reports for entities in Singapore, Hong Kong and Australia to exchanges and regulators
• Ensure compliance with the Bank's Regulatory Reporting Framework
• Keep abreast with changes in regulatory landscape and its implication for risk management
3. Reference Data:
• Responsible for static set up for accounts on the back office systems
• Responsible for set up of standard settlement instructions for margin payments
4. Utility Oversight and Control:
• This includes oversight of Utility activities, performing verification/release of margin payments, regulatory/audit face-offs and engagement on business/project initiatives.
• Review and monitor outputs (i.e. KPIs, KRIs, SLAs) from our vendor partner, FIS Derivatives Utility and produce related MI reports
• Monitor high risk accounts and processes, produce MI reports and promptly resolve or escalate issues
5. 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
Your future colleagues
We have hired the best of team members from the industry to challenge the status quo rather than follow the existing process. We thrive on innovation mentality that would make you come out of the comfort zone and experiment new things.
We also believe that our process should be crafted to fix the problem rather than just resolving the exceptions.
The department 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 cultural values.

You Offer

To excel in this role, you should possess:
  • Investment Banking experience of 3- 5 years in Operations in listed Derivative and OTC space
  • Degree in Business, Finance or Accounting i.e. MBA/ CFA/ CA/ ICWA
  • Ability to prioritize tasks, meet deadlines and work in intraday cut off scenario
  • Strong control mentality, analytical skills and high degree of accuracy is required
  • Ability to forge strong working relationships across departments and vendor partners
  • Flexibility to work in both APAC. EMEA and US time zones depending on responsibility allocation
  • 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

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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