The Emerging Markets (EM) Trading Product Controllers take ownership for ensuring the accuracy and completeness of underlying financial information, and its timely delivery to clients. In this regard, they provide a vital service to the Front Office and other departments including risk management, regulatory reporting and senior management.

The EM Europe Local Currency business is a multi-entity, multi-product business covering Eastern Europe, the Middle East and Africa. The business utilizes the CSi, CSSEL and London Branch entities across the product suite offered, and risk management is performed predominantly in CSi-style FO spreadsheets. Originally, the business was predominantly focused on more vanilla flow products (FX, bonds, Money Market Loans and Deposits), but the level of exotic products has increased substantially across the desks.

The EM Local Currency Trading Europe business has grown considerably in the last 3 years. Expansion into new markets (Ukraine, Kazakhstan, Egypt, Israel, Romania and Serbia) was initially over a relatively simple product set (FX, NDFs, Money Market Loans and Deposits) as CS sought to establish a presence and build a client base. The business is now expanding into more complex, higher margin products especially in the FX Option product spectrum.

Credit Suisse Overview:

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Further information can be found at www.credit-suisse.com.

Role Specifics

The VP will be responsible for a team of 6 controlling the Turkey and Local Currency Derivative (exotic) books. The product set includes FX Forwards and complex options, interest rate and cross currency swaps, government and corporate bonds, credit linked notes, total return swaps and money market loans and deposits.

The VP will have direct accountability for Daily P&L production including P&L analysis and commentary, and be responsible for maintaining the high standards expected of the team. This will include the correct reporting of Clean P&L to RMM. Review and authorisation of Structured Trade Reviews on the more complex products traded. Ensuring the timely delivery and supervisory review of all month end work including price testing, provisioning, GL balance verification, fair value levelling, product mapping and fair value option templates. Ensuring the compliance with all accounting policies across USGAAP and IFRS for the businesses controlled. Managing the interaction with the front office, especially on price verification and signoff.

Other responsibilities will include Managing the relationship across the front office and other support departments including FOIT, FA, Middle Office, Ops, RMM, Tax and Reg. Ensuring the compliance with all Product Control policies and procedures across the team, and that all processes are in-line with SOX requirements. Driving the Product Control input and testing on the numerous infrastructural development programmes, both on the front and back office systems. Managing the produce control due diligence and testing on all new business initiatives. This will include new products in existing markets or entire new markets. Managing the continual development of the team through coaching on product and process issues, and advising on career progression.

Skills

Experience / qualifications:

A proven track record managing a product control team, with the associated control focus, product knowledge, and management of tight deadlines will be key to success in the role. Strong Product Control experience, with a high level of Fixed Income product experience is also essential.

Honours degree - Finance or Mathematics based courses preferred along with a qualification in ACA, CIMA or ACCA accountant (or equivalent)

Credit Suisse is an Equal Opportunity Employer and does not discriminate in its employment decisions on the basis of any protected category.

To the extent permitted or required by applicable law, a candidate who is offered employment will be subject to a criminal record check and other background checks before the appointment is confirmed.

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