- Raleigh, NC, USA
- Permanent, Full time
- Credit Suisse -
- 17 Feb 19
OC&R Line Risk Officer # 124786
Group Operations delivers high quality, professional operations services for Credit Suisse and its clients in a clear, cost-efficient and controlled manner in line with the firm's strategy, ensuring an excellent execution of millions of transactions every single day.
This OC&R Line Risk Officer role is within Group Operation's second line of defense function, called Group Operations Control & Risk (OC&R). OC&R advises, supports and challenges Group Operations senior management who are responsible for the financial, reputational and regulatory risks of Group Operations. Our people provide risk and control expertise by partnering closely with Group Operations Line managers. We also interact with regulators, auditors and with other CS groups in carrying out our responsibilities. Our vision is to drive the control culture within Group Operations, while helping our partners consistently stay in sync with all external regulatory and internal policy demands.
This high-profile role, working with partners at the DIR & MD level, aims to evaluate & propose improvements to the control environment and provide challenge on various risk genres. Core responsibilities within the role include:
- You will prepare monthly Control Review Meeting materials with Group Operations senior management. This includes compiling the control pack, facilitating the meeting, working in partnership with the Global functional & regional line management team to provide independent risk challenge and ensure that all key risks & regulatory requirements are well understood and relevant issues are raised.
- You will risk assesses and understands current process, new business and deployment proposals to evaluate impact to various Operational functions. Ability to influence structure of projects to suit Group Operations strategy and ensure areas of control weakness is avoided.
- You will review existing risk metrics and targets to make sure risk is being appropriately measured and look to define or develop new metrics/targets as necessary.
- You will develop and cultivate relationships with senior members of line management responsible for underlying process & supervisory controls and ensure valued activities are done to understand & improve their control environment. Communicate and monitor identified risk issues and suggest/track appropriate corrective action.
- You will partner with line management to support Audit/Regulatory Examinations, internal RCSA (Risk Control Self-Assessment) and associated follow up actions.
- You will work with line management to identify and ensure operational incidents/losses are reported timely in the Firm's incident/loss monitoring system and risk assess each event to ensure appropriate remediation action is taken. Perform regular thematic read across to ensure risk is mitigated across other processes.
- You will complete prioritized "Operations Risk Assessments" reviews as required. This includes but not limited to reviewing events/processes where there is inherent risk to identify potential control weaknesses and perform root cause analysis where required to ensure future mitigation of risks.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
- You have a minimum of 4+ years of experience in Operations &/or Audit, Change, Risk Management in either Private, Commercial or Investment Banking.
- You have advanced communication & technical (e.g. PowerPoint, word, excel) skills to articulate complex risk proposals in a structured, targeted and impactful manner.
- You have an inquisitive, strong risk & control mindset with a dream to build strong professional relationships & partnerships with partners at all levels within the firm.
- Critical thinking with differential ability to perform deep-dive reviews, understand and document complex processes, procedures and controls, at a big picture or detailed level, as needed.
- You have the ability to be a principled partner to our clients, and act in their best interest, with transparency and accountability.
- You have a degree in Business, Finance or Accounting.