Valuation Risk & Control - (C-828)

Valuation Risk & Control - (C-828)

08 Dec
|
Credit Suisse Securities (India) Pvt Ltd
|
Pune Division

08 Dec

Credit Suisse Securities (India) Pvt Ltd

Pune Division

Job Description

Valuation Risk & Control # 116833

India-Pune-Pune |

Full-time | Corporate Functions | Job ID 116833 Product Control English

Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clientsand to help our employees grow. It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training,





networking and mobility. Join us and let's shape the future of Credit Suisse together.

We Offer

VRC tasks
Submitting Trader prices to Consensus Data Providers
Calibrating the external risk parameters from the consensus data prices
Perform IPV of all trades, positions and risks within responsibility area by sourcing independent prices and parameters
Perform IPV in accordance with approved IPV methodology documents based on the appropriate frequency; monthly unless specified otherwise
Ensure IPV differences are actioned in accordance with the appropriate actionability framework category, and/or unadjusted differences properly recorded in the centralized reporting application
Ensure that the IPV methodologies and any explanations provided by Traders for unadjusted differences are fully understood and commented according to policy
Escalation of non-compliance with pricing procedures or unapproved product types in the portfolio
Inclusion of any positions with unverifiable prices or model parameters in reports for the Senior Management
Ensure prices and position sizes of internal trades are price tested and that the marks are compared between books
Apply Bid/Offer (Exit Risk) adjustments to the value of the instrument to the appropriate bid/offer level that would be realized in normal market conditions. The common risk categories for which a bid/offer determination would be expected are delta, vega, forward, correlation etc.


Your role
Perform price testing including self-review of population, completeness, calculation, and documentation and formula integrity.
Ensure all exceptions identified have been followed up with relevant parties and resolved
Ensure all exceptions and overrides to standard testing procedures are supported by documented requests from global stakeholders
Perform overall analytical review on impacts and month-on-month movements
Understand and explain results generated
Use complex Excel and VBA tools appropriately
Ensures supervisory feedback is incorporated into results
Escalate P&L; impacts > thresholds and exceptional outcomes to AVP / VP / Director
Provide e-mail confirmation that price testing results have been satisfactorily finalized and request review by a supervisor
Initiate and implement efficiency enhancement projects on a regular basis


You Offer


Qualifications / Experience
Degree level education from a Top Tier University
Qualified Accountant with Top Tier Firm / MBA
Preference will be given to any Relevant Investment Banking experience, preferably in Valuation Risk and Control functions. However this is not necessary.
Highly numerate with strong analytical skills and ability to define and apply logical approach to issue resolution
Ability to clearly articulate and present to Management and Stakeholders
Excellent communication (written, verbal, presentation) skills
Strong team player with the ability to work closely across locations
Strong control focused mindset and hands-on approach to investigating issues
Strong attention to detail
Expertise with Microsoft Excel
Sound understanding of derivatives and valuation principles
Good programming skills (e.g. C , VBA, although actual language is not important)

Current Team
The current team is 60 FTE with a diversified team from prestigious international and domestic universities. Backgrounds include financial engineers, engineers, MBAs, CFAs, FRMs, CAs.

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