Head of Market Risk, APAC

Permanent contract|Hong Kong|Risks

Head of Market Risk, APAC

  • Hong Kong, Hong Kong
  • Permanent contract
  • Risks

Responsibilities

  • The Head of RISQ/ASI/RMA contributes to risk management processes for market activities in Asia-Pacific and validates the adequacy of risks (market, counterparty, liquidity or structural) steering versus the Risk Appetite.
  • He/She reports to the ASIA CRO and functionally to the Global Head of Risks on Market operations and/or delegated deputy and provides local and global management with sound analysis and reporting.
  • He/She keeps tight connection with global RMA teams.
  • He/She is in charge of the independent second level supervision and validation of:

·   The market risk management framework for books managed in Asia-Pacific

·   The counterparty risk management framework for Hedge Fund, PTG and CCP when the risk cell is in Asia-Pacific

  • He/She is responsible for:

·   The profit/loss and market risk metrics certification

·   The monitoring market risk limits and breaches follow-up

  •  He/She is a relay in Asia-Pacific for RMA global missions performed from Paris:

·   The design of the methodologies for economic and regulatory measures (counterparty and market risks)

·   The validation of the pricing model and the adequacy model/pay-off (FOPI process)

·   The monitoring of the counterparty credit risk metrics.

    Mission details:

    • Strive for efficiency in materiality-based risk assessment and control team own costs strictly within budget
    • Sign-off on market and counterparty risk assessment to the New Product Committee
    • Oversee activity and exposures to market risk for the business lines of SG ASIA, and provide the management with sound analysis and reporting
    • Define and validate a framework of limits/thresholds for the market risk according to the delegation set-up
    • Analyze transactions and provide authorization according to the validated delegation framework
    • Define measures and methodologies to assess market risks and counterparty risks while combining market and counterparty expertise
    • Contribute to the definition of valorization methods of market transactions
    • Contribute to the definition of internal regulatory model

    Profile required

    • 10+ years of managing risks on market activities with required trading experience.
    • Good understanding of Equity and Fixed Income activities. Strong knowledge on market and counterparty risk management.
    • Experience on Asia Pacific Markets and activities, Asia-Pacific regulations and regulators.
    • Establishes a culture of responsibility, trust and exemplarity communicates clearly on expected behaviors, acts with courage. Makes decisions towards a stimulating and serene working environment, whilst favoring autonomy.
    • Spots and grows Talents within his/her scope to ensure sustainable managerial succession and retention of the key profiles.

    Business insight

    Company Description:

    Societe Generale is one of the leading European financial services groups. Founded in 1864, we have been playing a vital role in the economy for over 150 years. With more than 133,000 employees based in 61 countries worldwide, we accompany 32 million clients throughout the world on a daily basis. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth.

    ASIA-PACIFIC (ASIA), as one of the Business Units of Societe Generale, operates in 12 locations across the Asia Pacific region, employing over 2,500 employees with the regional headquarter located in Hong Kong. Our activities here are centered on Societe Generale's Global Banking & Investor Solutions pole (GBIS), a major growth engine for the Group and a key pillar of Societe Generale's universal banking model. Our expertise in Asia Pacific focuses on Corporate & Investment Banking (Advisory, Financing and Global Markets) and Global Transaction Banking. In addition, Societe Generale's Global Solution Centre (SGGSC) in Bangalore and Chennai offers customized business solutions to the Societe Generale Group globally including ASIA.

    Department Description:

    The main mission of the Risk Management Division (RISQ) is to contribute to the sustainable development of the Société Générale Group's activities and profitability by defining, with Finance Division and Business Units, the risk appetite and by establishing, in its role as second line of defense, a risk management and monitoring system. In carrying out its duties, RISQ combines independence from the business lines with a close collaboration with core businesses which are responsible in the first instance for the transactions they initiate.

    The RISQ Division in Asia Pacific (RISQ/ASI) is responsible for identifying, measuring, monitoring, approving, controlling and reporting risks pertaining to the Group’s activities in the Asia Pacific (i.e. conducted by SG’s Asia-Pacific Business Unit - “ASIA BU” or booked in one of the Asia-Pacific entities). RISQ/ASI oversees credit, counterparty, market, liquidity, structural, operational and model risks while compliance and reputational risks are under the supervision of compliance department (CPL). Strategic risk remains under the supervision of the Head of the ASIA BU.
    RISQ/ASI comprises seven departments (RMA, CIB, OPE, CTL, ERM, ALM and COO), plus representatives (“local CROs”) in various entities of Asia Pacific.

    We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

    Reference: 24000F4S
    Entity: Societe Generale Hong Kong Branch
    Starting date: 2024/08/01
    Publication date: 2024/06/01
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