IBCM, Risk & Controls Group – Conflict Officer, AVP-VP, NY
Group overview Credit Suisse holds a leading position across the spectrum of investment banking products -- all designed to help our clients achieve their strategic objectives. Credit Suisse ranks in the top tier in nearly all major business segments and is a trusted advisor to our clients in every aspect of investment banking - from mergers and acquisitions and strategic advice to all aspects of capital-raising, such as Equity Capital Markets, Debt Capital Markets and Leveraged Finance.
Our Investment Banking and Capital Markets ("IBCM") team consists of professionals with expertise across the range of industries and products. Leading global equity and fixed-income sales and trading desks further support our global Investment Banking efforts. Credit Suisse has unparalleled global vision, with a significant presence in major financial centers across the world.
The Conflicts Group is responsible for registering and reviewing all new banking transactions, including pitches, substantive client discussions and receipt of confidential information, for the purpose of determining if there could be a real or perceived conflict of interest with other activities across the firm. The Conflicts Office is responsible for working with bankers (both junior and senior) and IBCM management, along with other groups such as Legal, Compliance and other Conflicts Officers in the EMEA, Switzerland and APAC region, to help identify and mitigate business selection conflicts. The Conflicts officer works in a dynamic and fast-paced environment, where decisions may be under time pressure, but where proper consultation, discussion and the consideration of different factors is critical to obtaining the best outcome and protecting our clients' best interests.
The Conflicts Group is a part of the IBCM Risk and Controls Group ("RCG"), which is responsible for helping to identify and manage the risks of IBCM as well as instituting controls, policies and procedures. Its mandate covers Operational Risk, Compliance and Transaction Risk and is responsible, among other things for the IBCM Client ID function.
Typical Conflicts Group responsibilities may include:
- Reviewing and recording all new business/transactions in IBCM (advisory, underwriting and lending) and various other parts of the Firm to identify and address potential conflicts of interest from a CS/client or legal perspective
- Liaising with group management, Legal, Compliance and others to resolve potential conflicts of interest, settle recommended course of action, coordinate any required approvals for special situations and confirm adherence to CS conflicts policies
- Working with group heads to screen potential transactions and help resolve preferred business opportunities for the firm to pursue
- Providing regular reporting to management about new transactions, pitches, discussions, etc., to help coordinate new business and allocate resources
- Maintaining a central database of transactions, conflict situations, discussions, resolutions, etc. for tracking and audit purposes, providing regular reporting of conflicts metrics to management and conducting reconciliations of conflicts records to other systems to verify data integrity
- Serving as a primary contact for sensitive and confidential transaction information for various parts of the Firm (Control Room, Litigation, Compliance, etc.)
- Managing various group administrative functions such as conflicts training, new product development, project coordination, new joiner/group onboarding, etc.
- The successful candidate will either have an investment banking or a transaction legal background
- Familiarity with investment banking transactions (i.e., mergers/acquisition, underwriting and lending) is a must
- Strong communication skills via email, phone or face to face at all levels (from junior employees to Managing Directors)
- Ability to identify issues and lead the resolution process
- Discretion in the handling of sensitive information
- Strong attention to detail, ability to prioritize work, multi-task and act with a sense of urgency and responsiveness to all inquiries
- Excellent organisational skills
- Highly motivated and able to work on his/her own initiative with a resilient attitude. With sufficient training, able to independently address potential conflict issues with minimal support from more senior group members
- Able to handle multiple assignments simultaneously, with strong time management skills, in order to handle both the day to day Conflicts clearance activities and to contribute to a variety of departmental projects and initiatives
- Good interpersonal skills, ability to build relationships with internal clients to understand and address their needs with diplomacy and sensitivity
- Strong sense of ownership regarding the successful completion of responsibilities
- Interest in finding opportunities for improvement and contributing towards their implementation