eFinancialCareers

• Company

  Credit Suisse

• Location

  Singapore

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  23 Nov 2009

• eFC Ref no

  576961

Our Product Control EMG Rates division are looking for an experienced Product Controller to join their team in our Singapore office.

The Product Control teams are our financial guardians of the bank's sales and trading activities and therefore play a critical part within the broader finance organisation in delivering service excellence to our clients.

There are four key functions performed by the Product Control department:

• Preparation of daily trading P&L
• P&L analysis
• Review of Structured Trades
• Independent price testing of market variables

THE ROLE INVOLVES:

Managing a team of four junior staff and you will also be responsible for the following activities:

• Production of daily profit & loss for a number of trading books.
• Reconciliation between front office spreadsheets and the back office profit & loss systems, which are pertaining to all profit & loss activity including valuation of positions, cash balances, funding and provisions. These responsibilities require a good understanding of trade information process flows between different departments within the bank (front office, operations and financial accounting departments).
• Analyse, explain and validate profit & loss according to market moves, new trades and other influences.
• Manage all marketing and risk provisions on the books to ensure accurate profit & loss reporting, which require an understanding of how these provision values are derived and how they impact overall profit & loss.
• Where appropriate, assist in valuation issues and substantiate pricing relative to market levels.
• Where appropriate, act as line representative on major change projects.
• Take ownership of any issues that arise from the day to day and monthly processes with a view to resolving these in an efficient and timely manner.
• Liaise with front office and other end users as to process development and other ad hoc queries.
• Reconciliation of general ledger Drive application of SOX, US GAAP accounting standards and Basel II reporting requirements.
• Managing human capital, including recruiting, retaining and developing high quality staff.

THE PRODUCT COVERAGE: Fixed Income products coverage consisting of Interest rate (bonds, swaps, FRAs, swaptions) and some credit - CDS (credit default swaps).

TO QUALIFY YOU MUST POSSESS:

• Degree in Finance, Accounting or related field.
• Possess a CFA, ACCA or CPA qualification would be an advantage.
• Analytical ability.
• A total of 5 years work experience 2 of which should be Product Control.
• Leadership skills to manage a small team.
• Communication, leadership and organisational skills.
• Accuracy and attention to detail.
• Good expertise with Excel.
• Good understanding of products.

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Founded in 1856, Credit Suisse has a long tradition of meeting the complex financial needs of a wide range of clients, offering advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally. Credit Suisse is active in over 50 countries and employs approximately 46,000 people. Further information can be found at www.credit-suisse.com.

Cultural diversity is essential to our success. As such, we employ people from more than 100 countries. Credit Suisse empowers employees to work openly and respectfully with each other and with clients, ultimately striving to deliver superior results while offering initiatives and programs to assist employees achieve a healthy work-life balance.

Right place, perfect opportunity
www.credit-suisse.com/careers

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.