The position is an integral part of the support team MMG, dedicated to the Fixed Income business line of MARK (Global Markets) at SG Americas offices in New York City. The main missions of the team are to:
Produce, certify and publish the risk and P&L metrics of the trading desk;
Help traders understand and manage their positions and risks through various reports and analysis;
Be a major contributor to the different regulatory projects that impact the bank.
The position is located on the trading floor.
This is a 6 month (potentially extended to another 6 months) internship role in a NYC based team.
MMG XRP CCR is a team of 5 that owns Credit Counterparty Risk (CCR) metrics certification and monitoring for all OTC products for the region.
Our main mission is daily certification of counterparty credit metrics on market operations, performance analysis and process improvements, data quality remediation and monitoring the counterparty risk limits.
The new Counterparty Credit Risk Analyst will interact with all actors involved in market transactions: Front Office, Risk, Middle Office, Finance, Product Control, Back Office, and Information Technology. The main accountabilities include but are not limited to certification of credit counterparty metrics (potential future exposure, also known as CVaR, and credit stress test), monitoring of credit limits, producing and commenting on management and regulatory reporting, enhancement and data quality project management, contribution to Regulatory topics and projects, participation in local and global projects impacting MMG/XRP.
Credit metrics certification
Daily certification of counterparty credit metrics (CVaR and credit stress test) on market operations
With the team, in charge to implement new CCR metrics in AMER (concentration risk, etc.)
Manage data quality issues, follow up on resolution with Business Lines and/or Information Technology and optimize/automate processes
Stand as a point of contact on all Credit Risk metrics for the Americas. Answer ad hoc requests on computation of counterparty risk metrics (e.g. limit excess checks and explanations, monitoring and validating large moves in exposures, explanation of Pre Deal Check simulation results, etc.)
Contribute to different regulatory projects (SR 11-10, SR 11-7…) impacting the Counterparty Credit Risk to represent the department interests
Lead initiatives in the conception/realization/improvement of the Excel based tools using VBA, SQL and Python
Report daily KPI (key performance indicators) to management
Credit limits monitoring
To ensure on a daily basis the credit overshoot monitoring
To censure relevant and methodical analysis of the overshoot by following the procedures and keep a full audit trail of any proof of declaration
To provide analysis of the overshoots on a timely manner
To ensure the daily scrubbing process and the production of the dedicated reports
To initiate and contribute change management with the Front Office and other departments to improve daily work process
Good communication skills as the position will require interactions with Business Line management in AMER as well as with other RISQ, DFIN and MARK teams locally and in other regions.
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.