The Risk Division is a highly visible, dynamic area of the firm where you can be an integral part of the decision-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 fulfil 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 EU Portfolio Management team is part of the CS EU Portfolio Management and EORM team.
The team is responsible for the following activities :
Articulating and documenting the risk appetite frameworks for relevant entities.
Identifying, measuring, monitoring and controlling portfolio risk in accordance with the legal entity and group risk appetite frameworks and applicable regulatory requirements.
Ensuring legal entity capital is sufficient to absorb losses in worst case scenarios, through maintaining a programme of regular stress tests and undertaking the Pillar 2 capital adequacy assessments (ICAAP) where applicable.
Managing the reporting of risk to senior management and relevant committees on a regular basis.
Dynamic, reciprocal and diverse work environment that will support innovation, creativity and ambitious ideas.
The Credit Risk Portfolio Manager reports to the Head of EU Portfolio Management, EORM and COO, with a functional reporting line to the Head of Strategy & Portfolio Management in EMEA CRM.
The role is responsible for managing portfolio risk activities in CSSSV and CSD for Credit Risk Management as follows :
Full day-to-day accountability for credit risk portfolio risk management activities.
Lead the credit risk identification exercise.
Lead credit risk portfolio analysis.
Lead the credit risk Pillar 2 capital adequacy assessments.
Support credit risk regulatory initiatives and interactions.
Liaise with support functions including RFDAR, Audit, and Risk Analytics.
You are going to be part of a highly dedicated team of qualified individuals with deep knowledge within an international and diverse environment.
Your responsibilities will include :
Credit Risk Portfolio Management :
Lead the risk identification exercise, including a review of market / business trends that may lead to emerging risks and / or the emergence of new forms of concentration risk.
Build and maintain the local credit risk appetite frameworks, including calibration of portfolio appetite limits linked to business strategy / capital / earnings as appropriate.
Partner with colleagues in EMEA Credit Risk to ensure harmonisation of frameworks.
Monitor and manage portfolio risk limits in accordance with the local entity and group risk appetite frameworks.
Recommend risk management actions to address emerging risks, portfolio concentrations and or potential limit breaches.
Undertake event risk management activities and the production of deep dive portfolio reviews (or ad hoc risk analysis).
Support regulatory initiatives and interactions.
Stress Testing and Capital Adequacy :
Lead the calibration of appropriate stress testing scenarios, ensuring that they meet regulatory requirements for both counterparty credit risk and legal entity stress testing.
Lead reverse stress testing for the entities.
Support the design and development of the Pillar 2 capital adequacy (ICAAP) risk assessments and ensure it remains in line with regulatory requirements.
Undertake the ICAAP assessments and prepare the document for submission to local regulators.
Member of CSSSV and CSD Credit Risk Committees.
Supplement RFDAR reporting with risk commentary to facilitate executive risk reporting to the Credit Risk Committees.
Maintain relevant policies related to stress testing and portfolio management activities.
Liaison with supporting teams :
RFDAR : Contribute to the definition of risk reports enabling effective risk management and transparent management information.
Audit : Ensure corrective actions identified through independent assessment of the risk management processes related to portfolio management are implemented on time.
Risk Analytics : Provide input into the design and monitoring of risk models and methodologies applicable to CSSSV and CSD.
Risk Change : Contribute to implementation of the risk change agenda.
Are you a problem-solver with a strong sense of ownership?
Do you love to work in teams and do you have the ability to foster positive relationships?
Flexibility and dedication describe your work ethics.
Education / Experience :
Master’s degree (preferably in a quantitative discipline) or equivalent work experience.
Experience in a portfolio risk management role.
Experience of credit risk management.
Understanding of risk appetite frameworks and stress testing with a financial institution.
Understanding of credit risk AIRB and IMM models.
Familiarity with EU credit risk regulatory requirements.
Understanding of Pillar 2 capital assessments (ICAAP).
Proficient communication skills in English.
Spanish would be an advantage.