Junior Quantitative Advisor

Permanent contract|New York|Risks

Junior Quantitative Advisor

New York, United States Permanent contract Risks

Responsibilities

Your primary role, as part of the second Line of Defense on liquidity models, is to review the first Line of Defense modeling proposal. This includes, but not limited to, the following:
• Identify key liquidity risk factors
• Evaluate soundness of liquidity model choices
• 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
• This role requires working closely with the US Liquidity Risk Management team and the Group liquidity model validation team.
The role also require interactions with different functions part of the first line of defense (Finance, Treasury, IT teams, Front Office…) and the third part of defense (Audit) in order to prepare for the validation of the models under regulatory standards and for continuous review and monitoring of the liquidity stress tests models. 

This role also requires frequent communications to internal validation committees composed of senior level experts in the bank. As such, oral and written communication skills are important.
 

Profile required

Required: 
• Strong analysis skills, especially notions of statistics for finance.
• Strong ability in statistics and data analysis programs (like R, Python…)
• Strong reasoning and communication skills
Plus: 
• Understanding banking and market products, risk methodologies, practices and procedures, liquidity risk management principles
• Valuable experience within a similar area

EDUCATION 

Required: 
• MS in Finance/Engineering or similar field
 

Risk Management 

Employees should understand the institution’s approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework.

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. Société Générale 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.

Business insight

Division Description: 
Société Générale Corporate & Investment Banking (SGCIB) is the third largest investment bank in the European Economic Area and is present in more than 75 countries around the world.
 
The RISQ Division's mission is to contribute to the development of the SG Group's activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring. The RISQ division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively GBIS-oriented. 

The Market Risk Department of Société Générale in New York contains a Model Validation Team (6 persons at Master/PhD levels). This independent team is responsible for conducting product and model validation to help assess and mitigate the risk embedded in pricing and liquidity models.

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: 20000IU2
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: immediate
Publication date: 2020/10/30
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