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 Finance division at Credit Suisse aspires to be the best Finance division in the industry and a core driver of the bank's vision. Our focus is to manage the bank's capital, funding, liquidity and expenses to ensure we are well capitalized and have a strong enough balance sheet to withstand adversity and uncertainty. We are committed to drive cost efficiencies, improve control, quality and efficiency of our information and to engage with the businesses to actively prepare the bank for regulatory changes. To fulfill our mandate we need the skills, experience and engagement of our employees. We need to attract the best people and engage, grow and retain talents through a rewarding and inclusive partnership culture.
This role entails working in the Basel Measurement and Reporting team (BMR) specifically focusing on the RRP (Recovery Resolution Program). BMR are responsible for the production and reporting of the key capital metrics (CET1 and leverage) for the primary regulators FINMA, PRA and the FED.
Regulators require systemically important financial institutions to find viable ways to deal with the negative impact of a crisis by designing and implementing a recovery and resolution plan to identify risks to the stability of the financial system. The recovery resolution plan outlines how a systemically important financial institution can be restructured and exit the market in an orderly fashion. This requires Credit Suisse to be in the position to prepare Core Regulatory metrics in a timely manner to enable Point of Non-Viability (PONV) determination.
BMR will drive the design and implementation of the Capital JOP, the overlay of restructuring and projections and the final reporting. This will involve working closely with both change and IT, to provide SME input in defining the requirements and then embed the delivery in BAU process. This all needs to be achieved in a 2-3 year timeframe.
This role will be the BMR lead for the capital horizontal of the RRP, and should have an entrepreneurial attitude and be strongly drawn to opportunities, innovation and new value creation.
Detailed duties and responsibilities:
Coordination of activities across the Global BMR function:
BMR is located in multiple regions and there will be individuals in these regions focused on the RRP delivery. As the BMR lead, the role will require indirect management of these activities
Work within a virtual team consisting of BMR, change and IT to develop requirements and pragmatic solutions to meet the RRP deliverable
Develop requirements for a capital "Jump off point" and related projections
Assisting in the testing and delivery of the IT implementation
Drive embedding the process into BAU and eventually own this process
Act as the delegate for the sponsor for the Capital RRP delivery. Providing input and importantly challenge to ensure the solution, documentation and process is fit for purpose
Open to discussing agile/ flexible working
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. This should be further elaborated on in your application.
Proven experience in financial accounting & regulatory reporting (preferably Basel)
Accounting background and qualification is an added advantage – Legal Entity Controlling roles, Core Accounting roles etc.
Change management is not essential, but previous interaction with change programs (either from a line perspective or within change itself) is preferred.
Ability to liaise with business and technical teams of all levels.
Strong attention to detail
Ability to multi-task in a complex environment
Outstanding written and verbal communication skills
Ability to learn and apply learning quickly
Hardworking, ambitious individual and good teammate
Problem solving skills
Time management – organizing and prioritizing
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse is committed to providing equal employment opportunities, regardless of ethnicity, nationality, gender, sexual orientation, gender identity, religion, age, civil partnership, marital or family status, pregnancy, disability or any other status that is protected as a matter of local law.
Credit Suisse is committed to providing equal opportunities, regardless of ethnicity, nationality, gender, sexual orientation, gender identity, religion, age, civil partnership, marital or family status, pregnancy, disability or any other status that is protected as a matter of local law. Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success