Head of Market Risk Framework

 New York, United States       Permanent contract        Risks

Responsibilities

The Head of AMER MRF Department has direct responsibility and manages a team of market risk experts (~6-7) to


In coordination with global teams:

  • Analyze transactions and provide authorization according to the local and global framework
  • Provide a framework of limits/thresholds for the market risk according to the delegation set-up according to the local and global delegation framework
  • Take part in the validation of new products proposed by FO (Local and Global NPC)
  • Take part in the validation of limit increase requests

 

Your local team of experts is responsible to:

  • Detect and address AMER specifics: market dynamics & trends, products, client activities
  • Contribute for AMER to the definition and validation of the global RISQ/MAR policies and methodologies
  • Identify new risks or potential improvements to risk measurement methodology and implement changes
  • Analyze and report risks to general management (Monthly Risk Management Committee & contribution to Group reporting)

 

As team manager:

  • Ensure that market risks are well understood, correctly measured and timely reported - spread risk culture locally and support local CRO
  • Guarantee the quality of analysis provided by the team
  • Ensure the risk framework is consistent, comprehensive and up-to-date
  • Ensure that you meet local regulators requirement
  • Exchange with high level local management of business lines and support functions
  • Ensure the team performance, processes' quality and proper documentation
  • Lead the team (recruitment, development, carrier evolution, compensation...), implement roadmaps and changes
  • Ensure good relationship with local Management, business lines, support functions, auditors and regulators

Profile Required

Skills and Qualifications:

  • Graduated from an Engineering or Business school with master’s in financial mathematics or similar degree
  • Strong experience of market environment and capital market activities
  • Solid technical expertise on risk assessment- including cross market/counterparty risks
  • Ability to manage in an international environment
  • Very high communication standards
  • Ability to work well with various departments within SG (Global Markets, partner with Fiannce, Legal, Compliance and international teams)

 

Leadership model

Responsibility:

  • express risk convictions and informed decisions with courage;
  • empower team members appropriately
  • manage ethically and with courage

Client Focus:

  • ensure sustainable growth and long-term positive impact on businesses of decisions and those of the team;
  • listen with genuine concern to clients and internal partners needs with courtesy and respect

Innovation:

  • lead on transforming trends and practices (external, internal)
  • think outside of the box and find innovative means for risk management

Commitment

  • communicate a clear vision and strategy to achieve within our means and best practices
  • lead by example on how to take the extra steps to achieve goals

Risk Management:

Employees should understand the institution’s approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework. 


Our Culture:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Société Générale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate. 




Business Insight

The RISQ Division's mission is to contribute to the development of the SG Group's activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring. The RISQ division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively SGCIB-oriented. 

Risk on Market Activities (RISQ/AME/RMA) is the team of SG US Risk division overseeing the risks taken by market activities within SG, either booked in the SG or originated in the US. More specifically, RISQ/AME/RMA oversees market risks, counterparty risks for Prime, Hedge Fund and CCPs, liquidity and structural risks and model risks for pricing and liquidity risk models. The team also designs Market and Counterparty risk models and metrics (VaR, Stress VaR, Credit VaR, …). Finally, the team monitors and certifies market and counterparty risk metrics and the P&L for market activities.


RISQ/AME/RMA functionally report to the global RISQ/RMA team, headed in Paris.


RISQ/AME/RMA/MRF is the team in charge of the market risk framework and associated methodologies.


The scope covers the combined US operations (CUSO), and all operations originated in the U.S., Canada or Brazil (“AMERICAS”) that are conducted within the Americas business line and whose risks are managed and monitored in the Americas.


Key Purposes of the role:

  • Ensure that market risks assumed by SG are properly assessed, measured, validated and managed in compliance with the bank’s risk policies and risk appetite.
  • Risk Assessment
  • Deal flow validation
  • Limit approvals
  • Participation in innovation processes (NPC)
  • Regularly review the exposure and follow-up on excesses
  • Report the risks to the Management by conducting transversal portfolio analysis  

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000VKG
Business unit: SG CIB
Starting date: Immediate
Date of publication: 14/08/2020
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Head of Market Risk Framework

Permanent contract   |   New York   |   Risks