- London, England, United Kingdom
- Permanent, Full time
- Credit Suisse -
- 14 Nov 18
EMEA RRO - Lead for Financial Capabilities # 117211
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.
The Recovery and Resolution Office (RRO) is a department within Treasury responsible for maintaining the Recovery and Resolution Plan (RRP) as well as interpreting and communicating resulting requirements and ensuring they are integrated in the bank's operational processes. The RRP details Credit Suisse's preparations to manage a severe financial crisis including documenting specific recovery options available to Credit Suisse as part of a Recovery Plan. Failure to recover from a severe stress could force Credit Suisse into resolution and therefore resolution information is also required. The RRP is refreshed on an annual basis and requires significant cross-divisional input and co-ordination.
The EMEA RRO reports jointly to the Global RRO and the UK CFO. The role includes a broad range of activities in the field of Recovery and Resolution, with a focus on ensuring the development and maintenance of financial capabilities relevant to recovery and resolution scenarios. This will include contributions to the development of the firm's response to regulatory requirements around valuation in resolution, the UK Solvent Wind Down (SWD) and UK recovery planning as well as working on, when appropriate, their transition to business as usual.
Within all areas of resolution capability Credit Suisse is looking for solutions that are effective and efficient globally. There will be a focus in all activities on global co-operation to achieve this.
The role entails a thorough understanding of the regulatory landscape as well as the bank's UK IB businesses and other operations in EMEA. Specific additional role requirements:
- Develop and oversee the annual SWD update according to the regulations in place, including.
- Help define and implement the SWD strategic approach to business engagement, data gathering and balance sheet modeling.
- Ensure required quality of review and challenge to business inputs, methodology and assumptions together with maintaining the overall SWD review & challenge framework.
- Work closely with treasury, risk, liquidity reporting and capital management to validate the delivery of a high quality and consistent output for these areas.
- Ensure linkage and consistency with global approach to balance sheet, capital and liquidity modeling impacting the UK entities in resolution working with Treasury, Capital Management and RRP groups globally.
- Work on integrating all activities into a BAU environment.
- Contribute to other RRP developments throughout EMEA and work closely with colleagues globally on RRP topics including.
- Being a local liaison for global projects on valuation in resolution.
- Assess the potential impact on financial metrics of global and local recovery options under various scenarios.
- Support efforts to embed above aspects of RRP in the firm and integrate them in to business as usual.
Open to discussing flexible/agile working.
SKILLS AND QUALIFICATIONS:
- Strong academic background; minimum of a Bachelor's degree.
- Relevant experience in Financial Services.
- Knowledge of investment banking products, valuations and financial modeling.
- Self-starter with the ability to operate independently.
- Solid understanding of a major bank's functions, particularly the treasury function and drivers of capital.
- Experience working within global teams.
- Evidence of strong stakeholder management skills on senior management level.
- Personal characteristics.
- Strong attention to detail.
- Ability to examine challenges from multiple perspective.
- Exceptional communication and presentation skills.
- Proven writing/editing skills.
- Excellent qualitative and quantitative analytical aptitude.
- Solution driven.