Market Risk Officer

Permanent contract|Hong Kong|Risks

Market Risk Officer

Hong Kong, Hong Kong Permanent contract Risks

Responsibilities

Responsibilities :

Oversee activity and exposures to market risk for the framed activities of SG Asia, and provide the local and global management with sound analysis and reporting;

  • Provide a framework of limits/thresholds for the market risk according to the delegation set-up; according to the local and global delegation framework
  • Analyze transactions and provide authorization according to the local and global framework;
  • Collaborate with the global projects or the global governance leads by RISQ RMA Paris teams;
  • Define, in collaboration with the global team, measures and methodologies to assess market risks and counterparty risks while combining market and counterparty expertise;
  • Contribute to the definition of valuation methods of market transactions;
  • Contribute to the definition of internal regulatory model, including the analysis of the model outcomes;
  • Be vigilant on other types of risk.

Under the supervision of the local head of market risk framework, he/she will:

  • Review transactions according to the local and global framework,
  • Propose a framework of limits/thresholds for the market risk according to the delegation set-up, according to the local and global delegation framework,
  • Take part in the validation of new products proposed by FO (Local and Global NPC)
  • Take part in the validation of limit increase requests,

Local responsibilities will include:

  • Detect and address Asia Business Unit specifics: market dynamics & trends, products, client activities
  • Contribute for Asia BU to the definition and validation of the global RISQ/RMA policies and methodologies
  • Identify new risks or potential improvements to risk measurement methodology and implement changes
  • Analyze and report risks to general management (Monthly Risk Management Committee & contribution to Group reporting)
  • Ensure that market risks are well understood, correctly measured and timely reported - spread risk culture locally and support local CROs
  • Ensure the risk framework is consistent, comprehensive and up-to-date
  • Ensure that you meet local regulators requirement

Profile required

  • Ideal degree within Engineering or Business
  • Strong knowledge of the market and the instruments of the business line oversee
  • Understanding of the regulatory and compliance environment
  • High communication standards
  • Ability to interact in an international environment
  • Ability to work well with various departments within SG (Global Markets, partner with Finance, Legal, Compliance and international teams)

Business insight

Company Description
Societe Generale is one of the leading European financial services groups. Founded in 1864, we have been playing a vital role in the economy for over 150 years. With more than 133,000 employees based in 61 countries worldwide, we accompany 32 million clients throughout the world on a daily basis. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth.

ASIA-PACIFIC (ASIA), as one of the Business Units of Societe Generale, operates in 12 locations across the Asia Pacific region, employing over 2,500 employees with the regional headquarter located in Hong Kong. Our activities here are centered on Societe Generale's Global Banking & Investor Solutions pole (GBIS), a major growth engine for the Group and a key pillar of Societe Generale's universal banking model. Our expertise in Asia Pacific ranges from Corporate & Investment Banking (Advisory, Financing and Global Markets) to Asset Management, Global Transaction Banking and specialised financial services like Equipment & Vendor Finance and Vehicle Leasing & Fleet Management. In addition, Societe Generale's Global Solution Centre (SGGSC) in Bangalore and Chennai offers customised business solutions to the Societe Generale Group globally including ASIA.

Department Description

The Market Risk team for the ASIA region is part of the Asia Risk division: RISQ/ASI and the Global Market Risk team: RISQ/RMA, headquartered in Paris. All strategic decisions are made with the full cooperation of both teams RISQ/ASI and RISQ/RMA, and adhere to Directive 36 Appendix 3 on Market, Liquidity and Structural Risks. The Market Risk department oversights for the Asia CRO and SG Group Risk division Market Liquidity and Structural Risks in ASIA region, designs regulatory models and validates pricing and liquidity models.
As part of Market Risk department in Asia, MRF teams frame market risks from the desks originating transactions from Asia (either local booking or global booking). The teams are organized by asset classes (Credit - Equity/CTY – Fixed Income), measurement of the counterparty risk is managed by a dedicated team. He/She reports to the Head of Market Risk Framework (MRF/FIC).

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, 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: 2200003Z
Entity: Societe Generale Hong Kong Branch
Starting date: 2022/02/07
Publication date: 2022/01/04
Share