Market Risk Officer

Permanent contract|New York|Risks

Market Risk Officer

New York, United States Permanent contract Risks

Responsibilities

The Global Risk Methodologies team acts as a designer and owner of the market and counterparty risk models. The team is an expertise center for the market and counterparty risk transversal metrics, both from a regulatory and an economic standpoint. The team is:
1.    Model owner for market and counterparty credit risk models in the Americas, 
2.    Expert on market and counterparty credit risk transversal metrics, both from a regulatory and an economic standpoint:
3.    Defining and monitoring internal models for calculating regulatory capital requirements for market and counterparty risks in compliance with regulation,
4.    Performing periodical quality checks of the models in compliance with the regulatory framework,
5.    Defining, in coordination with the FO, of the counterparty risk modelling used for the daily risk management,
6.    Performing Counterparty risk quantification for non-automated products,
7.    Defining the stress tests methodologies for global market risks and crossed risks.


For the open position, the roles objective is to deliver model design improvements and ongoing monitoring/governance on market risk regulatory and economic measurements such as VaR, SVaR and stress testing. Tasks include but not limited to:
-Participate and lead model/measurement design related improvements for key metrics of the bank
-Organize, manage and deliver on working group and committee-based materials for senior management 
-Ongoing monitoring of key measurement to identify design or implementation improvements
-Work with various end users to help improve their understanding of risk management metrics
-Close partnership with the model risk and enterprise risk management teams 
-Ensure regulatory measurements comply to regulatory requirements and best practice

Profile required


Technical Skills:         
•    Strong understanding in financial products and main market risk metrics
•    Strong analytical and mathematical skills
•    Strong Knowledge of risk regulatory requirements and concepts
•    Proficient Python, VBA, SQL, other scripting languages
•    Strong Knowledge of Excel, Power Point, and other MS office applications
Competencies:
•    Strong quantitative orientation and analytical skills
•    Highly motivated and fast learning individual
•    Project management skills, and overall strong integration with key shareholders of the regulatory initiative Knowledge of market instruments, risk analysis and methodologies / valuation models of financial products
•    Strong knowledge of risk regulatory requirements and concepts
•    Curiosity, detail-oriented, autonomous, self-motivation, pro-active
•    Integrity and responsibility
•    High sense of teamwork: inspire and work well with others
•    Problem solving skills to get things done
•    Ability to work in a challenging fast paced environment 
Experience Needed:
•    5+ years with strong experience as market risk officer or in a similar role
•    Programming experience using VBA and Python
•    Previous experience in Market Risk monitoring a plus

Business insight

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 Global Risk Methodologies risk team (GRM) for the AMER region is part of the US Risk division and part of the global risk on market activities team (RISQ/RMA). The GRM team is responsible to design regulatory and economic models & methodologies in alignment with regulatory requirements and principles.

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: 210003GQ
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: immediate
Publication date: 2021/03/19
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