Model Validation - Model Risk Management # 134816
United States-NC-Raleigh | Full-time (FT) | Corporate Functions | Job ID 134816
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 Risk division is a highly visible, dynamic area of the firm where you can be an integral part of decisions making that supports the bank’s business. Our responsibilities range from enterprise risk management to risk and finance reporting and regional risk teams covering the risk management for our entities.
The Risk division's long-term success depends on our ability to achieve our vision and fulfill our mandate. Ultimately, this depends on the skills, experience and engagement of our employees. We offer a collaborative and ambitious environment that offers direct contact with senior management and encourages leadership at all levels.
The Model Risk Management (MRM) team has a mandate to validate the Bank's business-impactful models firm-wide and more generally to identify, measure, and handle model risk across Credit Suisse. The team is established in London, Zurich, Mumbai, Singapore, New York, Warsaw and now Raleigh.
As an entry level member of the MRM validation team you will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team’s broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management.
You will review, verify and validate risk models for theoretical soundness.
You will test model design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.
You will be expected to demonstrate independence in testing.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
You hold a bachelor’s degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, and Finance/Economics. Masters or PhD preferred.
You have knowledge in financial modeling and model validation and can demonstrate proven understanding of capital modeling, financial and derivative products and mathematics.
You are able to communicate effectively with business partners and to present complex topics to a diverse range of audiences.
You have analytical and computational skills in addition to a deep understanding of qualitative methodologies.
You bring strong presentation and collaboration skills with the ability to work within a global team.
Programming experience of software applications such as R, Matlab, SQL and SAS.
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories.