Credit Suisse PC Structured Notes Branch Control # 110773 in London, United Kingdom

This role falls within the Structured Notes team, which comprises 3 aspects:

  • The team controls front-to-back, the Structured Notes issuance portfolio for the three key note issuing entities – London, New York and Nassau Branches across all Divisions

  • The team validates the calculation of own credit (also known as debit valuation adjustment) on the Structured Note population across all entities

  • Management of migration of Structured Notes from Legacy platforms to the Target Operating Model (TOM) platform

The combined team works closely with Front Office (FO), COO’s, Treasury, Finance and Operations and are responsible for the integrity of the books and records. The bespoke architecture and operational complexities surrounding Structured Notes and the significant own credit exposure means that this is a high profile space with numerous challenges as Structured Notes are migrated from Legacy to TOM platforms, involving close interaction with the Structured Notes Project team and FO. The area is complex due to its operational processes, dispersed FO ownership and accounting and valuation challenges.

The key deliverables of the role are as follows:

Daily

  • Own credit/risk-free P&L production/review and analysis

  • Ad-hoc tasks as required

Monthly and Quarterly

  • Balance Sheet & P&L review and analysis

  • Review of multi-GAAP journals/adjustments - US GAAP, IFRS & Swiss

  • Reviewing month-end and quarter-end production tasks, which include Account Ownership, Legal Entity and Regulatory Reporting and Accounting Policy implementation

  • Control reporting, which includes customer concern, audit points, control improvement points, incident reporting and SOX documentation and testing

  • Partner and liaise with various stakeholders which include Front and Middle Office, other PC teams, Operations, Accounting, Technical and New Business

  • Reduction of operational risk and cost through automation and process efficiency projects

Staff Management

The role involves line management responsibilities for 1 to 2 team members

Open to discussing flexible/agile working.

  • Confirmed Product Control experience

  • Staff supervisory experience preferred

  • Strong technical knowledge regards financial products

  • Qualified Accountant (ACA, ACCA, CIMA) preferred but not essential

  • Cross-functional knowledge of support and financial accounting departments within an investment bank

  • Proven ability to implement change, particularly in improvement of controls & automation

Title: PC Structured Notes Branch Control # 110773

Location: GBR-London-London

Requisition ID: 110773