Operational Risk Controller, AVP #229089
The CFO Operational Risk and Control (ORC) – Regulatory Reporting Quality Assurance (RRQA) team acts as the 2nd Line of Defense to ensure an effective control environment over the Regulatory Reporting production and filing process across Credit Suisse departments. RRF is one of the key control programs of the bank covering over 3000 reports and playing a pivotal role in the overall regulatory reporting control environment having direct impact on both internal and external stakeholders of Credit Suisse. RRQA function is responsible for periodically monitoring and testing the controls surrounding the preparation and filing of regulatory reports in accordance with the risk assessment framework to ensure completeness and accuracy. The team operates independent of the day-to-day regulatory report preparation process.
As a team member your responsibility would be to:
- Execute the RRQA plan by scheduling and performing Quality Assurance Review (QAR) activities which includes process walkthrough meetings with Reporting team and Data Providers, gaining understanding of the controls over reporting process and assessing the adequacy of the same, performing sample/ transaction testing, compliance against regulatory requirements on test check, etc
- Review applicable report procedures, work papers, processes and controls documenting and escalating any identified issues/gaps as part of QARs
- Analyze and document testing results and tabulate the recommendations/ QAR report. Conduct subsequent follow ups on those issues/recommendations that where formally raised as a result of the QAR
- Assist in preparing Global RRF STC packs on a monthly basis and also provide inputs to the Regional RRF STC forums to ensure adherence to required Governance levels
- Actively participate and drive the project work to be carried out on the enhancement of the Regulatory Reporting framework that includes aspects related to Overall Governance, Key Controls Documentation, Thematic reviews, Data Governance, Policy enhancement, Risk Appetite etc.
- Liaise with Multiple senior stakeholders globally including CRO, CCO, APAC BPS/PB, LEF, GF (BMR/LMR/FMAR teams) in assisting and driving the framework enhancements
- Perform a read across with other policies and Global control programs to ensure standardized and robust Enhancements
- Assist in building dashboards, enhance and expand the Monitoring metrics suited for various types of stakeholders including data providers.
- Further liaise with third party contractors to establish the requirement as well as ensure appropriate execution
- Participate in the Regional RRF STC meetings and work around actions therefrom
- Review issues reported by the reporting team and identify root cause, analyze robustness of remediation plan and prepare summary for monthly reporting
- Provide regional support in the regulatory framework by addressing exceptions within reporting inventory tool, follow ups for periodic signs of various forms within the inventory tool, annual attestation, etc
Your future colleagues
Our team is dedicated, hardworking and used to work independently as well as collaboratively. We work with a high level of integrity, attention to detail and look for a colleague who shares our passion and high standards. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm’s D&I ambition which is an integral part of our global cultural values.
We are looking for:
- Chartered Accountant with 7+ years of experience in Internal/External Audit function with preferred experience in Big4 or banking/financial services industry
- Solid background and understanding of banking controls and financial services industry
- Strong analytical skills as well as Strong attention to details
- Strong communication skills, especially since the role warrants liaising with very senior management across divisions and departments
- Proficient in Microsoft applications
- Ability to learn and apply learning quickly
- Ability to meet strict reporting deadlines by organizing, prioritizing, and having the ability to multi-task
- The ability to rise to many different challenges that the job may throw up; make steps to problem solve, act appropriately, responsibly and mitigate risks at all stages
- Dedication to fostering an inclusive culture and value diverse perspectives
For further information, and to apply, please visit our website via the “Apply” button below.