Responsibilities
- Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies
- Provide a deep analysis of trading desk positions and risk exposures
- Explain P&L by its attributes tying back to risk sensitivities
- Continuous enhancement of P&L/Risk processes and systems using Python
- Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.)
- Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall
- Monitoring of risk limit consumptions and follow-up of breaches with Front-Office and Risk management
- Provide explanation about the different metric highlights to trading and senior management
- Provide analysis and sign off of valuation and risk metrics for new products or major projects such as IBOR transition
- Work with other departments and Paris head office on transversal and regulatory projects
Profile required
Division Description:
The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage, and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.
Within RISQ, the Metrics Monitoring Group(MMG) major missions are to meet the regulatory challenges of tomorrow, to support the development of the business lines and to enable the Group to meet its ambitions in terms of client satisfaction and efficiency.
The risk professional sought for this position will work actively on key market risk and counterparty credit risk initiatives within the region. The Counterparty and Market Exposures analysis team works in coordination with other risk departments (asset class specialists, market and counterparty risk officers, enterprise risk teams) to ensure the risk management program is of the right standards and evolves in accordance with best practices.
The Fixed Income Group(FIC) is responsible for covering all Fixed Income trading desks, including vanilla and exotic rates products, credit trading, financing and Asset Backed Products.
Skills and Qualifications:
Must Have:
- Masters degree in Finance or applicable experience
- Prior work experience in financial services with good knowledge of Fixed Income risk and PnL metrics
- Understanding valuation components of Fixed Income and Credit derivatives
- Knowledge of Greeks(Delta, Gamma, Vega, Basis, Forex)
- Strong analytical and mathematical skills
- Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging
- Self-motivated and proactive
Business insight
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. Societe Generale 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.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION & SALARY RANGE:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.
Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.