Internship - ERM, Risk Identification and Assessment

Internship|New York|Banking Operations

Internship - ERM, Risk Identification and Assessment

New York, United States Internship Banking Operations

Responsibilities

The risk professional sought for this position will be a member of the Risk Identification and Assessment (RIA) team being part of the SG US Enterprise Risk Management Team.
 

Day to day responsibilities include but are not limited to:

1. Risk Identification and Assessment (RIA) campaign execution 

  • Interact with the Front Office (MARK, GLBA, GTPS) and dedicated risk functions (e.g. Market, Credit, Operational) to collect data and ensure accuracy

  • Support the team in executing the Regional Risk Assessment campaign: follow-up on schedule, collect data, prepare and minute meetings, create draft reports, etc.

  • Support in the aggregation process and integration with other risk assessments

  • Help develop data analytics

  • Aid in the production of the final report and other communication to senior management



2.Development of an IT tool or Risk Identification and Assessment

  • Assist in the development of the technology platform to enhance the RIA workflow process

  • Update relevant documents (e.g. business requirements)

  • Test and ensure functionality

3. Tasks related to integration of risks with ERM, including risk appetite and stress testing -

  • Work with different risk functions to ensure material risks captured in RIA are considered for use in Enterprise-Wide Stress testing

  • Ensure material risks are appropriately monitored through the monthly committee review process

  • Check to make sure material risks captured through the RIA campaign are linked to the Risk Appetite Statement

4.New Product Committee

  • Assist in the weekly NPC meeting preparation by tracking the opinions provided by each of the RISQ stakeholders

  • Collect risk stripe opinions for each and consolidate them into a comprehensive memo for presentation to the US CRO

  • Ensure adequate closure of any conditions assigned to stakeholders during the NPC process

  • Perform Quarterly Controls on the NPC process

Profile required

  • Competencies

    Required: 

  • Strong interpersonal skills
  • Ability to critically think and analyze data
  • Handle various ad-hoc requests
  • Prone to take initiatives
  • Proactive, detail-oriented, driven to work in a fast learning environment
  • Solid verbal and written communication skills
  • Ability to prioritize and work in a dynamic, deadline-focused environment
  • Self-motivated and proactive
  • Willingness & a strong desire to learn

 

  • Technical skills

    Required:

  • Knowledge in risk management concepts and measurement techniques.
  • Understanding of key activities linked to a financial institution operating a large capital markets activity, inclusive of trading portfolios and lending activities in the Americas.
  • Quantitative and technical skills needed for risk reporting and analysis,
  • Prior involvement project management from user’s perspective, especially innovation projects, preferred.
  • Strong MS Office skills (Word, Excel, Powerpoint); working knowledge of a business intelligence tool (Power BI, Tableau, etc.).
  • Knowledge of various risk types including Financial (Market, Credit, Liquidity) and Non-Financial (Operational, Reputational)
  • Strong analytical skills
  • Highly Proficient in VBA/SQL programming and Python/R programming

 



 

  • Prior Work experience

Required:

N/A

 

Desired/ Plus:

Experience in a financial industry company

 

 

  • Education

Required:

  Bachelors or Master in Finance or similar

 

Desired/ Plus:



 

  • Languages

Required:

Fluent English

 

Desired/ Plus:

French

Business insight

The RISQ Division's mission is to contribute to the sustainable and predictable growth of the SG Group by overseeing and independently challenging the objectives and strategies of the Business Lines. RISQ’s mission is to independently analyze, challenge, opine and monitor on the risk-taking activities of the Business Lines in order to get to the best possible outcome for the Bank. 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. 

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.

Reference: 20000S60
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/01/25
Publication date: 2021/01/12
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