Jay Khait

Director @ Credit Suisse | Software Development, Resource Management, Project Management, Information Security

Brooklyn, NY, United States

Details

Education: Bachelor's degree

Finance, General

Baruch College

Master of Science - MS

Information Technology

Pace University

Experience: Manage a team supporting Risk, Finance, Legal and Information Security areas in Asset Management. Responsible for driving information security, technical risks, and controls topics in Asset Management.

• Own systems that perform fiduciary risk assessment and reporting, forecasting, budgeting, planning, AuM/MA calculations, NNA, NNR, principal capital, servicing fees calculation, Swiss Lux, revenue controlling, performance, distribution, product, and platform management.

• Work closely with business to identify innovative technology opportunities to help business achieve its goals and deliverables.

• Responsible for division and functional oversight + challenge of key control performance and adoption

• Proactively drive remedial actions and adoption of key controls (e.g., remediation of end-of-life assets, SOX, adoption of CSEP controls)

• Act as an escalation point into and out of the division or function to perform read across

• Serve as liaison between CTOO and the business units and focal point for all technology risk related matters within division or function.

• Provide input and help with application development, data security, data loss prevention, cloud, security logging, third party risk management, robotic process automation, regulatory compliance, network and cyber risk, vulnerability management, etc.

• Review issues and action plans, monitor reporting status, act as escalation point, and perform reviews and / or verification of implemented solutions / sustainability, where required.

• Play a Technical Risk Manager role for Asset Management Division.

• Engage with CISO on specific cyber risks.

2022 : Present

Credit Suisse

Director/ Head of Asset Management Corporate IT and Information Security

Manage 40+ IT people running Finance and Risk for Asset Management divisions. Face off to CFO and CRO to create product roadmaps, architect systems and run global teams.

• Lead a successful Architecture Simplification Program for AM Finance, which resulted in $6.5M of benefits and ROI of 271%.

• Proposed and implemented “Run to Kill” program to decommission AM MIS platform, which resulted in over $10M benefits and less than 3-year payback period.

• Envisioned, proposed, and implemented semantic rule engine. This innovative solution provides capabilities to consolidate all cross-border, regulatory, restriction, risk appetite, local rules, and tax laws into a central NOSQL database and uses semantic methodology to query across all rulesets to identify applicability of products for given clients or identify clients for potential offering.

• Introduced Master Data Management Capabilities and implemented counter-party model in Fiduciary risk function.

• Implemented Agile methodology in Risk and Finance IT teams.

• Spearheaded Dev-Ops and CI/CD and automation efforts.

• Implemented Data Analytics and Self-Service reporting platform.

• Manage over 7 mCHF of budgets and run teams of over 40 people globally.

• Worked closely with business partners to develop short term and long-term strategy for the application teams and align technical goals to business plans and initiatives.

• Implemented development best-practices like code reviews, test driven development, continues integration, documentation guidelines etc..

• Created and managed highly motivated and efficient software development team of highly skilled developers, business analysts, architects and project managers.

• Couched the team to improve their technical and soft skills and guided them in their carrier aspirations.

2017 : 2022

Credit Suisse

Director/Head of Asset Management Finance and Fiduciary Risk IT group

Owner of finance platforms for Asset Management, APAC IB CFO Equities and STS. These platforms support businesses with >470 bCHF of assets.

• Designed and implemented FRAMES All-In-One Platform Solution for IHC & CCAR - system won iCMG Global Enterprise & IT Architecture Excellence Award in 2015.

• Sole IT provider of the CFO of Asset Management. This global business function, located in New York, Zurich, Poland, and India, is responsible for managing the close of the sub-ledger and General Ledger, consolidating financial information from multiple sources, delivering financial results to internal/external stakeholders, IHC, LE CH, Volker, Form PF, USGAAP, FIN46 AND FINRA and CCAR reporting for Asset Management.

• Successfully managed creation of a new development team in India and changing model from extended team to managed capacity.

• Lowered labor costs while improving performance, quality, and efficiency by restructuring staffing, eliminating redundancies, and re-aligning initiatives with goals.

• Cultivate team-oriented environment that elevated morale, improved performance, and decreased employee turnover.

2013 : 2017

Credit Suisse

VP/Head of Asset Management Finance IT

Managed an Employee Investment Plan Administration program consisting of multiple projects aligned to Alternative Investments strategic EIPA development initiative. Lead development team of Finance IT group.

• Designed and implemented AM Finance strategic platform (Vantage) which enables Finance to support all their major processes in one system. Platform was built with following 4 guiding design principles : Reduce Complexity, Cost Efficiency, Agility and Responsiveness.

• Responsible for managing Master Data Management platform for Asset Management Finance group.

• Created a redesign strategy for Employee Plans platform and convinced business of necessity of the changes. The new system requires less maintenance and is much faster, more robust, and extendible.

• 70% RTB budget reduction achieved by utilizing better technology, reducing platform complexity, and changing operations support model.

2009 : 2013

Credit Suisse

VP/Development Manager

• Responsible for design, architecture and development of all Project Management related tools at Lehman which allow centralized status and deliverables tracking across the firm and facilitated better communication between IT and business.

• Worked closely with ITD PMO to assess client’s requirements and proposed improvements in processes and applications.

• Created various proposals and presentations around project management improvements for Lehman IT.

• Managed initial roll out of various governance tools and worked with clients to facilitate adoption.

• Performed training and wrote documentation on Lehman’s governance tools and governance best practices.

• Created and maintained itgov website which provided a central point for IT governance related information.

• Designed and created numerous LehmanLive websites to provide central point for communication and knowledge management.

• Managed a team of onshore and offshore resources.

2008 : 2009

Barclays Capital

VP/Project Manager

Company: Credit Suisse

Years of Experience: 28

Skills Agile Methodologies, Agile Software Development, Analytical Skills, Analytics, Big Four Accounting Firms, Business Analysis, Business Process Improvement, Business Relationship Management, Change Management, Computer Science, Data Governance, Data Warehousing, Employee Management, End-to-End Project Management, Information Security, Information Technology, IT Strategy, Leadership, Management, Microsoft Excel, People Management, PMO, Process Improvement, Product Management, Program Management, Project Delivery, Project Management, Project Plans, Project Portfolio Management, Project Reporting, Resource Management, Risk Management, Scope Management, Scrum, SDLC, Skill Development, Software Development, Software Development Life Cycle (SDLC), Software Project Management, Sox, SQL, Stakeholder Management, Tax Reporting, Tax Software, Team Leadership, Team Management, Team Mentoring, Teamwork, Technical Leadership, Technological Innovation

About With over 25 years of experience in the financial services industry, I am a seasoned IT professional and a certified project management and information security practitioner. I have a proven track record of delivering complex and innovative IT solutions that support the business goals and needs of global asset management organizations.

As the Director of IT and Information Security at Credit Suisse, I lead a team of IT professionals who own and manage the systems that perform fiduciary risk assessment and reporting, forecasting, budgeting, planning, and other critical functions for the Asset Management division. I work closely with the business stakeholders to identify and implement technology opportunities that enhance efficiency, accuracy, and compliance. I also oversee the divisional and functional control performance and remediation, and act as an escalation point for IT governance and security issues. Additionally, I have initiated and executed several strategic IT programs that resulted in significant cost savings, platform simplification, and business agility.