Financial Associate in Valuation Risk & Control # 101864
What We Do:
Valuation Risk and Control (VRC), a centralized analytical group within Product Control, addresses valuation issues across the Firm. The VRC group is responsible for reviewing Firm's trading inventories and associated valuation models, and performing alternative valuation procedures for illiquid inventories. VRC is also responsible for valuation governance policies and valuation reporting.
What You'd Do:
You would be hired at an AVP level to support the US based Structured Product Trading Business. You would have a number of roles and responsibilities in maintaining key valuation methodology documentation and preparing reports and metrics surrounding this data which is presented to management on a monthly basis and quarterly basis. The primary products supported are Non-Agency Residential Mortgage Backed Securities, Asset Backed Securities, Credit Derivatives and hedges.
Other Responsibilities May Include:
- You will perform independent price validation of firm inventory and qualifications of 3rd party valuation assessments
- You will run independent structured trade reviews on complex/derivative transactions
- Participate in pricing model and valuation methodology workgroups
- You will take the lead on portfolio analysis and provide valuation assessments based on portfolio risk sensitivities and changing market conditions
- You will maintain process and system enhancements - working with IT and other CS departments supporting Securitized Products
- You will coordinate with other VRC groups, Front Office, Risk Management and Business Finance areas on various ad hoc projects
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
What you offer:
Valuation Controllers need to be highly attentive to both valuation and operational risks; they also need to exhibit a high degree of attention to detail in all aspects of their work. You will also need to possess highly developed analytic, interpersonal and communication skills to enable them to build relationships with their key clients and to understand and address their issues.
In addition, you should have the following skills and experience:
- 3+ years of Valuation Control or Risk experience within structured product line commensurate with the title
- Practical and technical understanding of both Cash and Derivative Structured Products required
- A Financial Engineering degree or equivalent is preferable
- Understanding of the market and be able to implement procedures and react appropriately to market condition changes
- Add input to help improve and automate relevant processes
- Team player with a can-do attitude, self-starter, who can be dynamic and implement process change