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
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
The truly global scope of model risk means that this role will involve coordinating with an exceptionally broad group of partners from every part of the firm, investigating model risk and model governance standards and performing detailed validation of stress-testing models.
Responsibilities:
- Lead and manage independent validation reviews across a wide range of Scenario and Stress Testing models used throughout the Investment Bank Division including the CCAR for US entity, ICAAP for UK as well as Group-wide tests
- Meeting business needs and regulatory expectations, with investigating key aspects of each model under review: choice of modeling approach, the underlying assumptions and associated limitations, performance and efficient use of the model, etc.
- Review, verify and validate stress-testing models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well as work in the firm-wide model risk and control assessment.
- Encouraged to demonstrate independence in planning and client engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.
- Build model risk reports, including authoring and presentation of validation reports for the attention of senior management, supervisory authorities, and model collaborators.
- Partner with peer validation leads covering Private Banking and Wealth Management products to produce comprehensive, firm-wide and entity-wide assessments of model risk
- Represent the bank in interaction with Regulators, as required.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
You Offer
Essential: - 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.
- Hold a first degree in a quantitative field, e.g. Mathematics, Physics, Engineering, Finance, and preferably a Masters or PhD.
- Extensive experience in financial modeling and/or model validation, in statistical quantitative models as well as qualitative empirical driven methodologies
- Outstanding written and verbal communication skills to effectively interact with senior partners (internal, external, Regulators), including the capability to explain complex topics to a diverse range of audiences.
- Experience of managing/leading teams, ideally in the context of model validation and/or financial modeling is a big plus
- Hardworking, result oriented with the ability to learn quickly in a fast paced environment
Desirable: - Experience in validation of stress testing models, preferably across the model types of PPNR, balance sheet, loss and RWA projections as well as models used in the market shock / GMS part. Experience with Credit Products and Securitized Products is desirable.
- A general understanding of global regulatory requirements to be a credible counterpart given the challenging variety of models in scope. This includes SR letters 11-7 and 15-18
- Detailed knowledge including programming experience of software applications such as R, Matlab, SQL and SAS is a plus
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories. |
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