Internal Auditor - Pillar 2 and Market Risk, Subject Matter Expert

Job description

Internal Auditor - Pillar 2 and Market Risk, Subject Matter Expert

We Offer...

Credit Suisse Group Internal Audit is a global function comprising in excess of 300 staff based predominantly in London, Zurich, New York, and Singapore.  It supports Credit Suisse Group board and management through the conduct of financial, operational and information technology audits, and plays a vital role in evaluating the effectiveness of internal controls across all business within Credit Suisse Group. The Internal Audit Department plays a pivotal role in safeguarding the Bank's control framework, seeking at all times to deliver insightful and value-adding audits that help improve the way the Bank runs its business.  We are currently seeking a candidate to take on a newly created role for an Internal Auditor - Pillar 2 and Market Risk, Subject Matter Expert. This role is based in London, although the individual will participate in audits on a global basis. Key aspects of the role include:

· Maintaining subject matter expertise in market risk management, including: best practices, regulatory requirements (in particular relating to Basel 3) and key control processes
· Contribute to the definition, and participate in the delivery, of the audit plan relating to market risk measurement and management processes to ensure the use of sound risk management controls and regulatory compliance
· Maintain subject matter expertise in risk-related Pillar 2 disciplines, particularly relating to scenario analysis approaches to assess capital adequacy and linkage to risk appetite setting and over-arching risk appetite frameworks
· Perform periodic audits of specific focus areas relating to Pillar 2 and market risk, e.g. assessment of scenarios and stress testing practices and procedures and alignment to regulatory requirements and good practice in this area (e,g CCAR for US entities, ICAAP for UK entities)

Typical activities of an Internal Auditor will include:

· Assist with the planning of global audits of functions within the CSG Credit Risk Officer (CRO) dept with particular focus on market risk and Pillar 2 related matters 
· Completion and documentation of assigned audit work within budgeted time constraints;
· Advise audit management of ongoing issues;
· Liaison with other team members during the audit;
· Raise and draft impactful audit observations to help the Bank manage its risk.

You Offer...

· Experience in market risk management and Pillar 2 requirements gained through being a market risk analyst and/ or enterprise risk analyst OR working in a market risk and/ or Pillar 2 focused Internal Audit role at a major investment/commercial bank
· A good understanding of market risk measurement requirements and Pillar 2 concepts under Basel regulatory capital calculation approaches.
· Experience of auditing or substantial exposure to internal audit.
· A degree-level education (or equivalent) in a numerate discipline – post graduate/ professional qualifications within a relevant field (e.g. ACA, CFA, FRM and/ or PRMIA)   

The following background would be advantageous:

· A sound understanding of risk exposure measurement methodologies (e.g VaR models and stress testing models) and risk appetite concepts
· Strong understanding and knowledge of market risk regulation for key jurisdictions, i.e. USA, UK and Swiss
· Good product knowledge (specifically derivatives and other traded products)
· Strong communication skills and experience of liaising across control areas
· Experience of working cross-regionally as part of a global team

*LI-AM1*

EEO Statement

Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.

Desired profile

You Offer...

· Experience in market risk management and Pillar 2 requirements gained through being a market risk analyst and/ or enterprise risk analyst OR working in a market risk and/ or Pillar 2 focused Internal Audit role at a major investment/commercial bank
· A good understanding of market risk measurement requirements and Pillar 2 concepts under Basel regulatory capital calculation approaches.
· Experience of auditing or substantial exposure to internal audit.
· A degree-level education (or equivalent) in a numerate discipline – post graduate/ professional qualifications within a relevant field (e.g. ACA, CFA, FRM and/ or PRMIA)   

The following background would be advantageous: