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We Offer The Chief Risk Office (CRO) mission is to protect the Bank's capital by establishing a strong control environment for the relevant risks. To this end, the division uses four primary functions to handle all relevant issues: Market Risk Management (MRM), Credit Risk Management (CRM), Risk and Finance Data Analytics and Reporting (RFDAR), and Bank Operational Risk Oversight. The division also addresses critical risk areas such as business continuity and reputational risk management The role sits within RFDAR organization. The RFDP (RFDAR's division) post-calculation team is responsible for validating, explaining and adjusting various Credit / Capital risk measures - Potential Exposure (PE), Current Exposure (CE), Expected Positive Exposure (EPE), Exposure at Default (EAD). The team is ultimately responsible for ensuring accuracy and timeliness of the deliverables to the downstream consumers across Credit (CRM) and Capital (BMR - Basel Measurement and Reporting, Market Risk Management and the Front Office Businesses).
Exposure Moves Analysis (EMA) team which validates credit risk exposure variances for daily, weekly and monthly and adjusts exposure for regulatory RWA computation and Capital, Demonstrate & ICAAP reporting to PRA ,FINMA and Fed/IHC.
Exposure Queries Analysis - conduct the root cause analysis of queries raised by business partners- all users of Credit/Capital Risk Exposure - to support the validation of exposure from methodology and data flow standpoints and strategic remediation of gaps, if any.
Scenario Exposure Analysis (SEA) function involves analysing counterparty Credit Scenario exposure moves on a monthly basis, providing commentary on valid moves & adjusting any incorrect strategically calculated exposure for submission to Financial Accounting (FA) group for both FINMA & PRA B3 reporting. Apart from this, the analysis on Scenarios RWA is used to establish Credit Suisse's capital requirements in stress situations.
The potential exposure moves analysis team is aimed to validate & explain exposure moves and breaches on daily /monthly basis and provide trend report, commentary & indicative adjustments to exposures to credit risk managers and Credit risk reporting.
Innovation: Additionally, organization has invested in building out an enterprise scale platform by marrying a set of capabilities - data analytics, machine learning, visualization & work-flow to reduce human intervention for various manual activities to the extent feasible This is a lead role for the risk measures validations, exposure explain and reporting across products and regulators (FINMA, IHC, PRA, CBI, FINRA). New processes and calcs are being onboarded. Significant impact of the Change initiatives on RFDP Credit & Capital landscape, a seasoned lead is needed to run with a dedicated focus. In our team, you will also lead the key Change initiatives from BAU impact standpoint to exposure calculation landscape. Key Responsibilities:
Handling the EMA book of work - Delivery of daily and monthly Basel III credit risk exposure moves commentary and analysis for RWA and Capital reporting to our key regulators - PRA, FINMA and IHC.
Prompting exposure moves validation for daily and month-end in order to monitor total exposure at entity and group levels
Contribute and provide indicative estimates of VaR, PE, EPE profiles to Financial Accounting, RWA management and Front Office business teams when the risk engine fails to gather exposure profiles accurately, using advanced simulation tools and models for factor based, sensitivity based (Historical simulation) and Monte Carlo (Taylor series approximation and/or Partial revaluation) risk calculators
Effective design of root-cause analysis methods for exposure movements to ensure minimum turnaround time
In instances where data/methodology issues are identified, strive for strategic resolution and coordinate the prioritization of remediation work with partner teams, with a view to reduce number of tactical adjustments
Prioritize and allocate resources for SME support on key regulatory projects pertaining to interpreting system and business logic and validation of exposure methodologies
Understand end-to-end data flow and functioning logic of our proprietary Credit Risk Management tool
Directing and handling efficient resource allocation to ensure optimum turnaround time to business partners
Manage business partners and issues raised promptly through coordination with various partners and team members as required to ensure a timely resolution
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.
You are a Graduate/Post Graduate in Finance/Statistics/ Economics/ Sciences/ Mathematics
You have 12+ years of work experience in Credit Risk or related control function, with good product knowledge and good understanding of Risk management tools and techniques
You possess strong analytical and problem solving skills to identify the scope of issues and to provide appropriate solutions
Good knowledge of financial products across various asset classes, risk management principles and risk measurement methodologies
Ability to work around complex data systems. Strong problem-solving skills
Strong people leadership experience
Strong interpersonal, presentation, written and verbal communication skills, especially with business partner groups, including senior management face-off
You have the experience and ability to manage business partners and maintain positive relationships
You are ambitious, hardworking who can work on own initiative whilst also working collaboratively and deliver on time
You 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.