Responsibilities
Model and Valuation (MVA) team embedded within the Risk Management function in SG CIB is responsible for independent validation of
pricing models and reserves methodologies. The team consists of a diversity of talents led by the head of MVA who is active in both
industry and academic forums. Training, entrepreneurial spirit, and professional development are encouraged in this growing, dynamic
team.
We are looking for an enthusiastic intern to join our team in the New York office in Model and Valuation team.
Your primary role, as part of the second Line of Defense on pricing models, is to review the first Line of Defense modeling proposal.
During your internship you will be in charge of these responsibilities:
• Identify key risk factors associated with pricing models
• Evaluate conceptual soundness of model choice
• Challenge model assumptions
• Challenge model implementation: check model is implemented and working as intended, check and review implementation tests performed, review
controls and procedures put in place
• Perform independent tests on the models (statistical tests, coherence tests, benchmarking, etc)
• Write validation reports comprising tests performed and findings
• Follow up on model recommendations and opine on the remediaiton sufficiency.
Profile required
• Graduate with a Master degree from an Engineering or Business School or University with a specialization in Math/Physics/Computer
Science/Engineering or similar field.
• Good communication and presentation skills.
Required:
• Strong analysis skills, especially notions of mathematics and computer science for finance (probability, stochastic calculus, and numerical methods).
• Strong ability in coding (like Python, C, …).
• Strong reasoning and communication skills.
• Knowledge of Excel.
Plus:
• Understanding banking and market products,
Business insight
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. Societe Generale 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.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION & SALARY RANGE:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.
Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.