AVP - Capital & Liquidity Management #163604
Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities, and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse.
The Investment Bank - Capital & Liquidity Management Group sits within CFO organization, with responsibility for all aspects of Capital and Liquidity affecting the Investment Bank, including reporting, forecasting, planning as well as analysis of market risk and hedging activity, liability management and funding costs, and optimization of Capital and Liquidity resource usage.
The CALM team has significant interactions with the Line of Business Treasurers and CFOs, as well as Group functions including BMR, LMR, Treasury, Product Control, Legal Entity Management and Group Capital reporting. The team is primarily based in New York, with a team member in Mumbai.
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 Conduct and Ethics Standards
The role will report to Shubhangi Kini and would be based in Mumbai.
The roles & responsibilities fall primarily into key areas:
1) Liquidity Assessment for IB:
- The liquidity requirements can broadly be broken down in to Long-term usage and short-term usage. Long-term usage is regulated by NSFR and the short-term by LCR. There are internal metrics as well that applies.
- Present a monthly IB view for NSFR for group, Parent, CSI, CSSEL, IHC – calculation of IB NSFR using trade-level details at a group level and entity level which are governed by different regulations
- Resolve implementation discrepancies and data quality issues with LMR by Q2 2021 by which time NSFR is expected to go live
- Present NSFR forecast to LMR monthly
- Come up with a monthly HQLA allocation using the Binding Metrics – LCR for Parent/ Branches, PRA LCR for CSI/CSSEL, Barometer for IHC, APAC Subs and Other entities and work closely with LMR to resolve the differences and to obtain a consolidated reporting from LMR which would be updated monthly
2) Liquidity Management & Forecasting:
- Monitor HQLA usage using Cash forecasting tools like LDR, Cash Control Tool etc.
- Continuous interaction with the Line of Business Treasurers, Treasury and LMR to monitor if the liquidity usage is as per plan and if not, highlighting the same to Treasury to avoid too much or too little liquidity at the reporting dates and thereby achieve the goal of maintaining optimum liquidity
- Liaise with Risk , Treasury and LMR for implementation of any methodology change(s) which may impact the short term or/ and long term liquidity
3) Other functions in Capital & Liquidity Management:
- Assess the impact of change in HQLA usage on Capital thereby impacting Leverage
- Support the Annual Financial Planning process for capital perspective.
- Manage the Funds Transfer Pricing process on a monthly basis in order to ensure a correct allocation at a sub-divisional level by understanding, validating and providing inputs to the monthly allocation and forecasting process
- Coordinate with businesses to optimize to help bring down FTP costs
- Respond to business queries
- Assist analysis of future regulatory changes
- Seek to assist with the development of BI/Analytic tools within CALM and broader CFO, using available tools, Tableau, TM1, Finance Portal development, etc.
- Translate business LRE/RWA forecasts into liquidity forecast – HQLA, inflows, outflows.
- Support liquidity initiatives with respect to the corporate bank, including activities to improve liquidity usage and reduce costs
- Ad-hoc analysis on drivers of liquidity and costs
The expansion of IB increases the scope and also with the regulatory changes, there would be additional work:
- Increase in the scope of work on account of the re-org - erstwhile IBCM and APAC Markets also fall under IB now
- IB Assessment (at trade-level) of NSFR for Group and entities(Parent, CSI, IHC) governed by the respective regulations. NSFR will go live by mid-2021
- Coordinate with functions to bring down funding cost.
- Moving to binding constraint metrics for HQLA allocation. The data quality issues any other items identified as a result will thereby go on to reduce ELCA thereby creating bottom-line saves for the firm
- Production of NSFR forecasts at an entity level
- Run monthly FTP process, develop/run standard analysis, prepare funding forecasts for business
- Understand the value of diversity in the workplace and is dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work.
- Strong communication, analytical and problem solving skills
- Ability to build strong positive relationship with business partners
- Understanding of the Investment Banking business and Capital/Funding implications thereof
- Outstanding Excel skills and other BI Tools
- MBA with specialization in Accounting/Finance; CA
- Min. 5 Years+ financial markets work experience
- Result oriented, dedicated, hardworking and can work on own initiative whilst also working under pressure to deliver on time with a high level of integrity, sense of urgency, attention to detail and quality standards
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.
For further information, and to apply, please visit our website via the “Apply” button below.