Internship - Risk on Market Activities

Internship|New York|Risks

Internship - Risk on Market Activities

New York, United States Internship Risks


Job Description

Within the team the CCP analyst will focus on assessing the risk on CCPs and related entities (FMIs – financial market infrastructures). His/her main missions will be: (i) assessing the risks related to SG’s clearing activities (for its own account as well as for its clients) with various CCPs, through quantitative and qualitative analysis; (ii) assessing the risks related to SG’s bilateral activities with CCPs and related FMIs; and (iii) monitor risk metrics in SG systems for breaches in clearing or bilateral activity at CCPs.

Main Responsibilities
  • Monitor SG’s risk metrics and stress test results on CCPs and create reports (PPT and Spreadsheets) on these metrics for SG’s various internal committees.
  • Assist in the CCPs’ annual review process
  • Assess the first level analysis produced by MARK/RSR (1st line of defense, within front office) regarding the risks related to individual CCPs;
  • Conduct further analysis and due diligence of the CCP through reviews of CCPs’ rulebook, procedure, methodology documents, financial statements and other risk metrics;
  • Write annual review (risk analysis) reports and make recommendations regarding limits.
  • Review CCP bilateral lines limits and follow-up on any breaches.
  • Work on ad-hoc projects periodically on CCP related topics and asks from management.

Profile required

General Skills
  • Should have a good understanding of the derivatives markets and products – the risks covering OTC and listed products.
  • Should be knowledgeable of Financial Market Infrastructures (FMIs), especially CCPs and their activities.
  • Should have good analytical and writing skills (in English).
  • A quantitative background, especially in margin modeling and methodology will be a plus.
  • Should be pro-active and a team player and have good communications skills.
Required Education and Experience
  • A degree majoring in finance, economics mathematics or equivalent.

Business insight

HPC operates within SG’s risk department on market activities (RISQ/RMA) and is in charge of covering Hedge funds (including also Funds of Hedge Funds, as well as Principal Trading Groups), Prime activity (MARK/PRM) and CCPs (clearing and bilateral risks).

While Hedge Fund Risk is a service provider, its client is SG and by extension SG’s shareholders. As such, like all departments within RISQ division, it adheres to the philosophy of complete independence from commercial activities. In particular, it is a control function, not a support function to the business.

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: 210009I4
Starting date: 2021/04/19
Publication date: 2021/03/29