- Entry level
- No Education
- Salary to negotiate
Head of Enterprise Risk Management CSUK Ltd # 122284United Kingdom-London-London | Full-time | Corporate Functions | Job ID 122284Administration SupportMultipleWe Offer The Risk Division is a highly visible, dynamic area of the firm where you can be an integral part of the decision-making that supports the bank’s business. Our responsibilities range from Enterprise Risk management to risk and finance reporting, and regional risk teams covering the risk management for our entities. The Risk division's long-term success depends on our ability to achieve our vision and fulfill our mandate. Ultimately, this depends on the skills, experience and engagement of our employees. We offer a collaborative and entrepreneurial environment that offers direct contact with senior management and encourages leadership at all levels.
You will assist the Chief Risk Officer (CRO) to promote and challenge the culture of risk management within CS (UK) Limited and CS Asset Management Limited (CSAML) and to help the front to back platform to understand its risk thresholds, appetite and capacity. This role requires strong understanding of the risks associated with Private Banking and Asset Management businesses, so that it can help manage and implement a robust and coherent risk management framework, acting within the CRO function as a second line of defence.
The key responsibilities of the role are to have overall accountability to the CRO for the enterprise risk framework of CSUK and CSAML including:
Act as second line of defence for the overall CSUK risk performance, with a comprehensive focus on risks, including (i) business revenue and cost volatility (ii) positions risks such as those derived by market and credit positions (iii) non-position risks such as operational risk losses, regulatory, model risk or similar
Act as the focal point for any interaction in respect of IWM Division's strategy, exposure, limits, and risk mitigation
Interpreting PRA/FCA rule and guideline changes and analysis on the impact to both CSUK and CSAML
Drafting, production and seeking approval of the ICAAP, ILAAP and Pillar 3 disclosures
Produce and continually develop consolidated risk reporting (including BCBS 239) used by the Board Risk Committee and sub-committees, including monitoring the risk appetite against approved risk limits. Work with the platform to make sure that data delivered is fit for purpose
Responsible for management of the Risk Committee agenda items, deck preparation, preparation of focus topics and actions tracking. Other governance forums which you will be required to contribute to include Operational Risk & Compliance Committee, Credit Risk Committee, ALM CARMC, Scenario Analysis Committee and Fiduciary and Credit Risk Committees
Provide analysis and commentary on risk reporting including aggregation and correlations of risk
Ability to demonstrate robust identification, measurement and monitoring of risks by drafting and validating the Risk Appetite Statement. Includes advising the businesses on whether the risks inherent in its business strategy are consistent with its risk appetite and thresholds and in line with the wider Group strategy and risk appetite
Maintenance of the risk policy framework by regular review and attestation of key risk policies. Maintenance of key risk procedures and recommending enhancements where applicable
Scenario stress and reverse stress testing analysis and oversight. Working closely with Group’s Model Validation teams to ensure stress models are fit for purpose and SR11-7 compliant
The role will be a member of the:
CSUK & CSAML Scenario Analysis Steering Committees, which are responsible for:
Reviewing, assessing and updating the scenario analysis framework
Reviewing and challenging scenario methodology
Reviewing the outcome of stress test results and key management actions
Reviewing, assessing and updating the liquidity framework
Reviewing and challenging liquidity risk thresholds and analysis of present and future cashflow impacts
Oversight of the Contingency Funding Plan
CSAML Fiduciary and Credit Risk Committee which is responsible for:
Reviewing, assessing and monitoring of the credit and fiduciary risks inherent in the CSAML business, including concentration risks
Reviewing and approving new CLO launches or CLO refinance/redemptions
Reviewing changes in the credit risk strategy
Open to discussing flexible/agile working.You
About the company
Credit Suisse is a global financial services company providing Private Banking & Wealth Management services, and Investment Banking services and expertise, to companies, institutions and high-net-worth clients. We are active in more than 50 countries and employ over 46,000 people.
It’s our aim to build the bank of the future at Credit Suisse—to work as one integrated bank, servicing our clients across regions and businesses. It also means fulfilling our responsibility to help shape the global economy, and to make a difference in people’s lives.
We offer roles for experienced professionals and entry-level hiring programs in a variety of business areas. You will have the chance to make an impact from day one, and throughout your career with us, you will benefit from cross-business and international mobility opportunities.