Head of Market Risk Framework Equities

Permanent contract|Hong Kong|Risks

Head of Market Risk Framework Equities

Hong Kong, Hong Kong Permanent contract Risks


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 (New Product Committees)

The Head of Market Risk Framework Equities, in coordination with global teams, will:
•    Review 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

Local responsibilities will include:
•    Detect and address Asia Business Unit specifics: market dynamics & trends, products, client activities
•    Contribute for Asia BU to the definition and validation of the global RISQ/RMA 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)
•    Ensure that market risks are well understood, correctly measured and timely reported - spread risk culture locally and support local CROs
•    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 good relationship with local Management, business lines, support functions, auditors and regulators

Profile required

•    Ideal degree within Engineering or Business
•    Strong experience of market environment and capital market activities focused on equity products, including structured equity derivatives
•    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 Finance, Legal, Compliance and international teams)

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 ranges from Corporate & Investment Banking (Advisory, Financing and Global Markets) to Asset Management, Global Transaction Banking and specialised financial services like Equipment & Vendor Finance and Vehicle Leasing & Fleet Management. In addition, Societe Generale's Global Solution Centre (SGGSC) in Bangalore and Chennai offers customised business solutions to the Societe Generale Group globally including ASIA.

Department Description

The market risk team for the ASIA region is part of the Asia Risk division: RISQ/ASI and the global market Risk team: RISQ/RMA, headquartered in Paris. All strategic decisions are made with the full cooperation of both teams RISQ/ASI and RISQ/RMA and adhere to Directive 36 Appendix 3 on Market Risk. The Market Risk department oversights for the Asia CRO and SG Group Risk division Market Risks in ASIA region.
As part of Market Risk department in Asia, MRF teams frame market risks from the desks originating transactions from Asia (either local booking or global booking). The teams are organized by asset classes (Equity and Fixed Income), measurement of the counterparty risk is managed by a dedicated team. He/She reports to the APAC Head of Market Risk and functionally to the global Global Head of Market Risk Framework Equities.

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: 21000YSY
Entity: Societe Generale Hong Kong Branch
Starting date: 2022/03/01
Publication date: 2021/11/23