Markets Product Control Specialist

Permanent contract|New York|Risks

Markets Product Control Specialist

New York, United States Permanent contract Risks

Responsibilities

The main accountabilities of an analyst on credit counterparty risk include but are not limited to:
 Credit MetricsCertification:

  • Supervision of the daily certification of counterparty credit metrics (CVaR and credit stress test) on market operations performed by our offshore team.
  • Implementation of new CCR metrics in AMER (concentration risk, etc.)
  • Stand as a point of contact on all Credit Risk metrics for the Americas. Answer ad hoc requests on computation of counterparty risk metrics (explanations of the metrics, explanation of Pre Deal Check simulation results, etc.)
  • Contribute to different regulatory projects (SR 11-10, SR 11-7…) impacting the Counterparty Credit Risk to represent the department interests
  • Lead initiatives in the conception/realization/improvement of the tools used for analysis and monitoring.
  • Report daily KPI (key performance indicators) to management
  • Analysis of daily, weekly and monthly metrics, deep dive on specific counterparties

Credit Limits Monitoring:

  • Ensure on a daily basis the credit overshoot monitoring
  • Provide analysis of the overshoots on a timely manner
  • Initiate and contribute change management with our partners to launch new tools or new metrics monitoring

Communication:

  • Strong communication skills as the position will require interactions with Business Line management in AMER as well as with other MMG, DFIN and RISQ teams locally and in other regions, with project management teams and with other departments.
  • Providing better, more comprehensive and more fexible reporting to our partners.
     

Profile required

Competencies:

  • Excellent verbal communications skills with the flexibility to communicate and build relationships with internal clients (Front Office, Risk, Back Office) across different cultures
  • Curiosity, self motivation and passion    
  • 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 

Technical Skills:

  • Team members need understanding in the following areas: 
  • Counterparty credit risk metrics 
  • Good knowledge of financial products (Equities, Fixed Income, Commodities…) 
  • Strong organizational skills
  • Strong presentation skills
  • Driven by process changes
  • Proficient in coding language such as Python

Work Experience: 

  • 3-5 years of experience in traded products with prior experience in counterparty credit risk metrics 
  • Prior experience either in Risk analysis

Education:

  • Bachelor/Master in Finance, Statistics, Financial mathematics or Economics would be an advantage

Business insight

MMG – Metrics Monitoring Group - OVERVIEW

  • Within Société Générale Corporate and Investment Banking, MMG's 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, while measuring and monitoring the risks. Ultimately, our task is to ensure that the Front Office and Finance departments are able to carry out their respective roles within a carefully-controlled risk and cost management structure. MMG works closely with other teams within Risk Market Activities and with other departments within RISQ.
  • When you join MMG, you are joining a team of very diverse people who are driven by excellence and whose recognized expertise is dedicated to always better serve our clients. You will be located on the trading floor having daily interactions with Front Officers and Risk Officers with exposure to senior management in New York and Paris.

 
MMG MISSION STATEMENTS

  • Production, analysis, certification, consolidation and reporting of all financial data, and production of risk and regulatory indicators of market and brokerage activities for MMG partners and stakeholders including but not limited to P&L, P&L attribution, VaR, Stressed VaR, Market and Credit Stress Tests, Market Risk sensitivities, Counterparty Risk monitoring, etc.  
  • Support of business lines, Risk and Finance departments on regular reports and ad hoc requests 
  • Control and monitoring of risk limits (market and counterparty) and follow up on breaches 
  • Definition and implementation of a control framework aiming to secure the production and certification processes 
  • Maintenance and quality controls of market data related to all businesses 
  • Contribution to the definition of Information System strategies and lead initiatives related to organization and process developments 

CAREER DEVELOPMENT

  • MMG seeks to develop the expertise and skill set of each and every one of its employees. Our recognized technical knowledge and capacity for analysis enables us to bring real and lasting value for our business line partners. Moreover, MMG is looking for people who have a variety of strengths and passions, and offers a place to design, propose, create, and implement revolutionary business solutions for our clients.

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: 21000RVT
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/10/18
Publication date: 2021/09/15
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