Credit Analytics Analyst
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Founded in 1856, Credit Suisse has a long tradition of meeting the complex financial needs of a wide range of clients, offering advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Further information can be found at www.credit-suisse.com.
Cultural diversity is essential to our success. As such, we employ people from more than 100 countries. Credit Suisse empowers employees to work openly and respectfully with each other and with clients, ultimately striving to deliver superior results while offering initiatives and programs to assist employees achieve a healthy work-life balance.
KPO ( Mumbai)
Credit Suisse’s fifth Center of Excellence, a Knowledge Process Outsourcing (KPO) operation, in Mumbai, India. Located in the City Park building in the suburb of Powai, Mumbai, and the CoE will initially house the Knowledge Center teams who work with and support the front office businesses of the Investment Bank. The teams are responsible for a full range of business functions from data gathering to investment analysis and risk and analytics modeling. A range of other functions from across the bank will also be included in the future.
Operating as a captive site, the Mumbai CoE has been operational since September 2009 and currently employs c300 staff.
Departmental overview
Risk Analytics and Reporting is a unit within the CRO Division. We are responsible for developing and documenting the methodologies used to measure credit risk as well as for reporting on those risks Credit Suisse is exposed to. These activities involve frequent interaction with a number of significant stakeholders such as front office, credit risk management, financial accounting as well as auditors and regulators.
Given enhanced regulatory scrutiny of large banks, our area has seen a substantial increase in the number of regularly required reports as well as the number of ad-hoc requests especially from regulators. We are therefore looking to expand our team to cope with the additional workload and at the same time remain proactive in further developing the methods we apply in measuring and managing our risks.
Role overview
(i.e. Mission)
The team in Mumbai will be part of the global Credit Risk Analytics IB team. The primary role of the team is to measure and verify counterparty credit risk for the investment bank. The objective of the role is to work closely with the colleagues in London and to provide top class level of service to internal clients. The end result should be to positively impact their capacity to deliver further.
Key Deliverables
(i.e. Outcome)
? Analyze biggest daily exposure and capital moves.
? Report risk drivers that are causing these changes and identify any data issues
? Raise data issues with controls team and follow up for resolution
? Running and maintaining all tactical tools (in MS Access and MS Excel) for exposure measurement used globally. These tools are in place to (1) calculate counterparty exposures for particular product types, (2) update parameters that are used in counterparty exposure calculations and (3) assess model performance (back testing)
Additional duties and responsibilities
Will need to take ownership of any tasks and see it through. Be a thinker and take proactive steps to improve process continually in order to take it to the next level.
Qualifications/ competencies
• Good MS Access skills
• Good VBA knowledge
• Should have experience with at least one of the following
o derivatives, fixed income, equities
o pricing models
o Risk sensitivities
• MBA/Analytical/Numerical degree
• Should have knowledge of basic programming, algorithm.
• Being responsible for deliverables
• Good Communication skills
Candidate Value Proposition
Being a part of one of the growing divisions within Credit Suisse CRO. Credit Suisse believes in internal mobility thereby giving the candidate both vertical and horizontal exposure.
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