Senior Recovery and Resolution Lead

Credit Suisse
Singapore
Not disclosed
09 Nov 2020
09 Dec 2020
160950
Permanent
Full time
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.

We Offer

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 Standard

Recovery and Resolution Planning (RRP) is a top priority for Credit Suisse as both systemically important banks and regulators are in the final phase of delivering on Too Big To Fail regulations and respective solutions which are intended to avoid a repeat of some of the failings which were observed during the financial crisis of a decade ago. Whilst international regulators have agreed on key RRP concepts, the focus now is on their refinement and translation into practical capabilities and their integration into business as usual banking functions and processes. Credit Suisse is strongly committed to build RRP capabilities to ensure it is fully resolvable.

The Recovery and Resolution Office (RRO) is a department within Treasury which drives Credit Suisse’s preparations to manage a severe financial crisis, advises on strategic changes required in response to global Too Big To Fail regulations and generally works on promoting the resolvability of the firm. Our role therefore as second line of defense is to review and challenge how RRP capabilities are developed and implemented so that we can ensure that resolvability objectives are met. The RRO has offices in Zurich, London, New York, Singapore and Wroclaw.

For this open position we seek a candidate to join the team in Singapore (or Hong Kong). The role entails a thorough understanding of the regulatory landscape as well as the bank’s APAC businesses and other operations. The role offered would cover the following tasks:

  • Ensuring resolution capabilities built (ViR, FiR, OCIR, Restructuring/Global Wind Down) are fit for purpose in APAC
  • Contributing to the Group’s Recovery Plan and ensure alignment with APAC requirements such as Hong Kong recovery planning or Japan resolution regime
  • Ensuring framework designed to execute the presumptive path for the Group’s resolution plan is operational and can be executed in APAC
  • Liaison for APAC on all regulatory matters relating to RRP
  • Ensuring APAC representation at regional and global working groups including regular communication flows and highlighting any risks and issues
  • Coordinating and driving the yearly APAC College with regulators
  • Managing other RRP developments throughout APAC and liaise with regulators on RRP topics coordinating with Global RRO counterparts where required
  • Ensuring consistency of local requirements with global plan, manage RRP dependencies regionally and globally, including assessing areas for changes in the Global RRP
  • Support efforts to embed RRP in the firm and the move to business as usual
  • The mix of tasks and responsibilities on offer should enable the candidate to get exposure to senior management in APAC, to the main APAC authorities as well as to our home regulator FINMA.

  • This is a challenging role as part of Global Recovery and Resolution Office. Opportunity to work closely with senior business partners in Group Finance, Treasury, Risk and Compliance, Legal and Divisions as well as the RRP Program
  • A phenomenal platform to improve the personal skillset and subject matter expertise across all areas of Recovery and Resolution Planning (Finance, Operations and Governance)
  • Contributing to yearly Crisis Management College, driving APAC College attended by regulatory authorities and develop high quality presentation materials for Credit Suisse senior management including Executive Board members
  • You Offer

  • Understand the value of diversity in the workplace and are 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.
  • University Degree or equivalent experience
  • 10 - 15 years minimum of proven relevant work experience in Financial Services or management consulting in a fast-paced environment
  • Deep understanding of a major bank’s functions
  • Ideally familiar with Finance, Risk and key concepts of RRP or regulatory background would be an advantage
  • A phenomenal teammate with an experience of working with global teams
  • Solution driven and open to discussing flexible/agile working
  • The ability to operate independently
  • High attention to detail and mature analytical skills paired with a high degree of initiative and willingness to cope with pressure
  • Strong stakeholder management skills on senior management level
  • Strong interpersonal and communication skills which allows you to gain, trust and build up effective relationships
  • Self-motivated with a “positive can do approach”!
  • 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.