Product Control - Fixed Income Structured Notes TOM # 119366

Credit Suisse
London, England, United Kingdom
30 Oct 2018
03 Nov 2018
Contract type
Full time
We Offer
The Finance division at Credit Suisse aspires to be the best Finance division in the industry and a core driver of the bank's vision. Our focus is to manage the bank's capital, funding, liquidity and expenses to ensure we are well capitalized and have a strong enough balance sheet to withstand adversity and uncertainty. We are committed to drive cost efficiencies, improve control, quality and efficiency of our information and to engage with the businesses to actively prepare the bank for regulatory changes. To fulfill our mandate we need the skills, experience and engagement of our employees. We need to attract the best people and engage, grow and retain talents through a rewarding and inclusive partnership culture.

We offer

This is an ENO role in the Fixed Income Structured Notes TOM Products Business Control ("BC") team within the Product Control department in London encompassing the Interest Rate, Foreign Exchange, Credit and Commodities note issuances. The main responsibilities of BC are advising and independently challenging key stakeholders on accounting and valuation matters impacting the financial statements, including daily P&L and balance sheet movements. As such, this BC team owns the face-off to the Front Office trading management, and other support departments such as Market Risk Management (MRM), Accounting Policy Group (APAG), Financial Accounting (FA), Middle Office and Operations. Team members of BC generally have extensive product control experience and deep product knowledge that allows them to make decisions that requires a high level of judgment and also performs more demanding analytical reviews. The BC team provides qualitative, analytical, value-add service to the business and are accountable for the financial results. In addition to being an integral control function, business controllers are commercial in their approach when collaborating with their business partners on a daily basis.

The FI Structured Notes TOM Products Business Control team in London is seeking a talented professional at the ENO level. The core focus of this role is to execute business controls covering the challenging FI Structured Notes business in EMEA, based in London.

The role will assist in the following BC's responsibilities:

  • Validate Daily P&L calculated by Line Control
  • Produce daily commentary for trade groups including commentary for variances with estimate
  • Produce Weekly P&L and Monthly P&L cut by MIS and legal entity
  • Complete / Review Weekly New Deal Template
Balance sheet analysis
  • Monthly Balance Sheet Review (PC owned accounts)
  • Inventory analysis
  • Fair Value Levelling
  • Fair Value Option
  • Analytical Review of month on month trends and cross referencing with market and business knowledge
Facilitate new business
  • Support New Business initiatives
  • Ensure Pre-Trade Approval and Structured Trade Review processes operate effectively
  • Acquire a detailed understanding of all significant new deals and their associated risks
  • Ensure all caps and caveats are adhered to
  • Ensure compliance with GAAP accounting rules
  • Ensure Line Control are brought into the process in their capacity as SMEs for system flows
Manage relationship with front office senior management team
  • Act as the key contact for FO business queries
  • Partner FO on strategic decisions and effect change quickly
Business control
  • Be accountable for Business Control KPI Scorecards
  • Monitor progress of Business Control against pre-defined success criteria
  • Perform and evidence Supervisory Controls in accordance with SOX guidance
  • Comply with all internal policies and procedures in accordance with the Governance framework
Change agenda
  • Identify opportunities to develop & streamline analytical activities and to improve controls
  • Participate on all strategic change initiatives initiated by the FO
  • Set Business Requirements and perform Systems/UAT testing

Open to discussing flexible/agile working.

You Offer
  • Fully qualified accountant (ACA, CIMA, ACCA or equivalent)
  • Strong academic background
  • Honours degree (or equivalent)
  • Strong communication skills - written and verbal
  • Strong prioritization and time management skills
  • Challenge mind set
  • Ability to think on your feet

The candidate should be highly-numerate, have attention to detail, be able to work well under pressure and have a keen interest in complex products. To demonstrate good control over deliverables, the candidate will also need to be pro-active and have a highly-methodical approach to manage the large number of tasks that are expected to be completed on a daily/monthly basis and responding to ad-hoc queries.

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