Securitized Products-Asset Finance
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POST DATE 8/20/2016
END DATE 10/28/2016
JOB DESCRIPTIONJob ID:
SECURITIZED PRODUCTS-ASSET FINANCE
CREDIT SUISSE COMPANY OVERVIEW
Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clients and to help our employees grow. It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training, networking and mobility. Join us and let's shape the future of Credit Suisse together.
Product Control are the Financial Guardians of the Bank's sales and trading activities. We fulfill this role through: Ensuring complete, accurate and timely P&L, Balance Sheets and analysis. The independent validation of the value of our trading portfolios. Working with the businesses and the new business product groups to evaluate & integrate new products and businesses into our financial environment in a controlled manner. The provision of reliable and meaningful financial information to the business managers, external stakeholders and other relevant internal constituents.
Individuals within the Line Production Product Control (PC) job family are responsible for executing the Daily, Monthly and Quarterly Production aspects of Product Control's primary role which is the financial guardianship of the Bank's sales and trading activities. They are responsible for ensuring complete, accurate and timely P+L and Balance Sheets.
Line Production PC are also responsible for any aspects of inventory valuation and control not covered by dedicated Line Valuation Product Controllers and also for providing input into the development and improvement of strategic systems and implementation and continuous improvement at a local level in terms of process and EUCs.
This Product Controller role is supporting the Mortgage Structured Product trading desks in Fixed Income. The desk originates, purchases, securitizes and sells Commercial, Residential and Asset Backed loans. Additionally, Credit Suisse makes markets in US Agency Passthroughs (FNMA, FHMLC), Residential and Commercial Mortgage Backed Securities (RMBS & CMBS), Asset Backed Securities (ABS) as well as Collateralized Debt and Mortgage Obligations (CDOs & CMOs). Hedging products include: US Government Debt, Listed Interest Rate Futures, OTC Credit, and Interest Rate Derivatives.
Other responsibilities may include:
* Consolidation of daily/weekly/monthly reports which include P&L analysis, trade vs. mark variance analysis, provision summaries, and stale mark analysis
* Management reporting of various metrics including FOBO break trends, DART system usage, and P&L completion times
* Providing analysis and information in response to ad hoc requests from various areas throughout the firm (e.g., Front Office, Tax, and Regulatory)
Product Controllers must be highly attentive to risk and the importance of a solid control environment and show a high attention to detail in all aspects of their work. They must also possess highly developed analytic, interpersonal and communication skills to enable them to develop relationships with their key clients and to understand and address their issues.
In addition, ideal candidates should have the following skills and experience:
* 2 - 4 years of financial service, banking or accounting experience
* PC skills including Excel, Peoplesoft Financials, and Essbase as well as comfort with manipulation and presentation of financial data
* Team player, proactive, self starter, who can be dynamic and implement process changes
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.