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VIEW PROJECT DETAILS

PS TYPE PS-II(Semester-I)

Station
Name :
Website :

Current Batch 2015-2016

Credit Suisse ,Mumbai

www.credit-suisse

Project No.1/1
Titleoftheproject

Credit Suisse Business Analytics (India) Private Limited, Powai, Mumbai

Descriptionofthe

Total Requirement: 21 students split across 4 types of roles as detailed

project

below. 1) Market Risk Management: 12 Job description: Overview of Market

Risk Management (MRM) MRM is responsible to provide best in class
management of market risk through deep level of engagement with and
understanding of the firms business and use of a wide range of risk
management tools. SRM acts as the guardians of the banks risk appetite,
shares responsibility for unexpected or out of strategy losses incurred in
the business. To ensure that risk limits are established; and to approve risk
limits, enforce limits, own escalation process and address excesses. To
promote risk awareness across all levels of the organization and risk
adjusted returns. To function as an advisor to front office management on
risk related matter & ensure ownership of risk limits and to hold front
office accountable for risk decisions. Projects/Assignment Offered: Intern
working in Strategic Risk Management, on market risk related areas like
Value at Risk (VaR), Sensitivity Analysis (Delta, gamma etc), Scenario
Analysis and Basel 3 work Testing/analyzing time series & market risk
feeds/systems for Basel 3, supporting teams on analyzing portfolio
consisting of vanilla/exotic products (rates/fx/credit) Student
Requirement/Qualifications: Bachelors program or integrated Masters

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program (only in Mathematics/Finance/Computer Science/Economics), we

are not looking at pure Masters students i.e. who have not done their
Bachelors at BITS, CGPA 7.5 & above Familiarity with technology (Excel /
MS Access / SQL) Team player Good communicator Proactive approach
to work Problem Solver Ability to multi-task with competing deadlines
Market Risk Management Equities: Market Risk Management Equities
manages market risk for Credit Suisse Equities portfolio which includes
Derivatives, Convertibles, Prime Brokerage, Cash and Systematic Market
Making divisions across US, Europe and Asia Pacific. Risk Management
framework primarily comprises of sensitivity (greeks), VaR & Scenarios
(stress testing). The role of a risk analyst to ensure that correct sensitivity,
VaR and scenarios numbers are reflected in the risk reports and senior
management understands which trading positions are the drivers of risk
numbers and periodic changes in these numbers. In order to perform
his/her task the analyst is required to develop a strong knowledge of
equities products (including structured derivatives) desk and business
strategy (what are the primary trades and hedges, source of PnL), the IT
infrastructure & flow of data (from pricing models to reporting
infrastructure & databases), macro-economic drivers of risk, etc. Through
the role you will develop subject matter expertise in Equities products,
especially the behavior of various Greeks and proactively engage various
stakeholders in identifying the issues relating to market data & systems as
well as help in developing and enhancing risk reports. You will also develop
an understanding of market risk management process, systems and
associated roles in investment banks. Specific Role Description: Cluster:
Understanding desk strategy, developing a knowledge of structured
derivatives, development and validation of reports for senior risk
managers; review & remediation of risk presentation by liaising with
various stakeholders in Risk IT, Risk feeds and Risk reporting & Quant
teams Scenario: The role is expected to cover numerous aspects,
candidates will be expected to learn the business and the environment by
starting with scenario analysis tasks, as their knowledge and experience

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increase they will take over more complex portfolio analysis, sign-off IT
implementation and scenario calibration roles, specifically the following
tasks will be performed: Analysis and review of scenario results,
understanding behavior of allocated portfolio and products under various
scenario and market conditions Liaising with Cluster Managers (US, EMEA
or APAC) to understand their business requirements and provide them
with adhoc analysis and build reports as per specifications Thorough
analysis of periodic Risk Reports (Monthly, Quarterly) resulting in
meaningful, actionable commentary for use by cluster managers Projects:
Working on regulatory and internal projects to analyze risks across the
business by building automated reporting and analysis tools; working with
diverse senior stakeholders across the bank to understand requirements
and methodologies Cash, SMG, Prime: Candidates will get firsthand
experience of Risk sign-off, understanding business, working on high stake
projects, performing daily risk and VaR analysis, interact with Front Office,
drive from Cluster perspective 2) Credit Analytics: 2 Job Description: Credit
Risk Management (CRM) is part of the Risk Division. The CRM mission is to
manage overall credit risk for Credit Suisse consistent with the
bank's appetite, policies and business objectives. Products covered
include loans, derivatives, trading, inventory positions, mortgages and
asset backed lending. CRM responsibilities include developing and
administering credit policies and procedures, working in partnership with
the business divisions to facilitate and approve transactions, rating
countries and counterparties, approving credit limits appropriate to the
strength and standing of the counterparty, monitoring counterparty
exposures and performance and mitigating unacceptable risks, working
out distressed credits and dynamically monitoring exposures, including
country exposure and impaired assets, and setting and managing portfolio
limits. Credit Analytics is the credit risk methodology team within CRM. The
teams main responsibilities include: Development, calibration,
implementation, maintenance, back testing and documentation of credit
risk models and methodologies Provide quantitative credit risk analysis

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and assessment on a transaction and portfolio level Key Responsibilities

Intern would have an opportunity to work across various teams within
CRM - Credit Analytics area in Mumbai. The candidate would be involved in
one or more projects in the following areas: Develop and maintain models
required for estimation of obligors: Probability of default (PD), Loss given
default (LGD) and Exposure to default (EAD). Provide credit exposure
analysis on pre-and live-trades across all markets (FX, Rates, Equities,
Credit) and financial products (Loans, Derivatives) to Trader and credit
officers. The exposure is used to determine Credit charges and to assess
the impact of new trades on regulatory capital. Back-test IMM credit
exposure models, works on the enhancement and maintenance of these
models and tactical tools; Credit scenarios stress testing including stress
testing methodology, new scenario definitions and regulatory reporting.
Assess issuer risk on the trading book, develop, implement and maintain
IRC models. Develop and calibrate Risk Factor Estimation (RFE) models in
Monte Carlo Engine (a statistical technique to calculate exposure) for all
asset classes. Develop and improve inputs, models and controls for
collateralized exposure (EPE, PE) calculations (in INSIGHT) Collaborate with
global teams in delivering Strategic projects in meeting our regulatory
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commitments Qualifications / Competencies Work performed within the
CRM - Credit Analytics team is technical and the candidate is required to
have a sound mathematical background with interest in Quantitative
finance. Candidates must be able to demonstrate the following
qualifications and competencies: Good MS Access/SQL and VBA
knowledge; knowledge of basic programming (C/C++, R, Matlab) Analytical
and confident personality with excellent relationship skills in order to
interact with senior stakeholders. Ability to multi-task and prioritize work
load on a daily basis, adapting to changing workloads. Excellent written
and interpersonal communication skills Knowledge of Financial products
and risk methodologies would be preferred. 3) Prime Services: 2 Job
Description: Prime Services is a business unit within the Securities Division
within the Investment Banking umbrella. Credit Suisse is a market leading

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provider (globally 2nd) within this space & is a partner of choice for more
than 400 leading hedge funds & other marquee institutional clients. We
provide traditional prime brokerage cover & financing offerings across
multiple asset-classes with value added services for our partner Hedge
Fund Clients including; business consultancy, capital services
(raising/structuring), securities lending, clearance, custody, asset servicing.
Our aim is to support the growth of our clients and deliver the full suite of
products available across Credit Suisse. We emerged as the best Prime
broker according to the statistics drawn by the Global Custodian magazine
soon after the crisis in 2009 and since been reigning in the league of the
big banks globally. Reputed as the safest Prime Service provider we
currently manage a assets in excess of $350bn and we continue to witness
robust growth in terms of revenues, clients in recent times. Our Mumbai
office is a front office hub which blends experience and informed insight to
create practical solutions that are grounded in an understanding of the
unique needs and challenges faced by our clients & the business. This
team supports all three regions US/ Europe/ APAC and is quickly moving up
the value chain in terms of quality and content of services offered. The
team in Mumbai is an integral part of the business with bottom-line
contribution and possesses expertise spanning key functions such as index
management, trade-idea generation, risk & margin assessment, analytics,
pricing & balance sheet management, client onboarding, order
management, controls, etc. Employee Profile: The responsibilities offered
range from quantitative analytics, risk analysis, collateral management,
stock borrowing/ lending, trade idea generation, structuring of index
related products for Hedge fund clients, pricing / financing, client servicing
to actual trade booking depending on the team chosen. Strong analytical
capabilities with attention to detail will be elementary for all candidates.
Prior knowledge of financial products, market structure and financial
services in addition to some technical skills relating to MS Excel, VBA will
help but is not a pre-requisite. 4) IB Controls COO: 5 Job Description: IB
Controls COO Team is a senior specialist team operating within the central

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executive COO function. The team is closely aligned with the businesses,
providing central guidance for all FO (Front Office) Operational Risk and
Control Framework activities, including design, implementation and ongoing monitoring (oversight and QA) of FO Supervision and key FO
Controls. This is a rapidly evolving area of our business, a dynamic
changing environment, which will be both challenging and demanding. The
Candidature should be in similar lines: Preferably M.Sc (Finance), M.Sc
Economics, Computer Science Strong Microsoft skills (Excel, PowerPoint,
Word), with ability to develop Macro using VBA codes Preferred project
should on Financial Market (E.g Equities Pricing, Internal Finance, etc.)
Acute analytical and quantitative skills, with strong attention to detail
Excellent communications skills and ability to coordinate and liaise at all
levels; strong drive for performance, positive can do attitude and solid
work ethic

Requiredskillsets

Ability to learn fast , Adequate Knowledge in Finance , Basic Knowledge of

Accouting , Fluent in English , Good Analytical , problem solving skills ,
Good Communication Skills , Good Programming skills , MS OFFICE ,
Presentation skills , Strong analytical skills , Strong Interpersonal Skills ,
Writing skills

BroadAreaof

PreferredCourse

Preferred

project

Requirement

Disciplines

Any

Remarks

Note: It may be noted preferred discipline does not mean that organization is not open for other
disciplines. If any student is having sufficient skills to undertake a particular project, he/she may give
options accordingly. The final allotment need not necessarily follow the pattern of preferred discipline.

Facilities Extended By the Organization

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Address of the work place

City Park, Central Business Avenue Mumbai

Monthly Stipend:

25000

Weekly Holidays:

Saturday , Saturday , Sunday , Sunday

Accommodation:

Students to make their own arrangements

Remark for

Accommodation:
Accommodation Address
For Boys:
Accommodation Address
For Girls:
Contact Person Details
(Accommodation for Boys ):
Contact Person Details
(Accommodation for Girls) :
To & Fro from Home to PS
station:
Local transportation from

stay to office:
Whether work space will be
provided to students:
Computer Terminal:
Subsidized food:

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