Operations Manager - Hedge fund

 Bangalore, India       Permanent contract        Risks

Responsibilities

RISQ/RMA/HPC provides counterparty risk management for hedge funds, proprietary trading groups and CCPs for all core business lines within the SG Group that transact with, invest in, or take hedge fund shares as collateral.  HPC defines the counterparty risk framework for managing these risks, including associated limits and thresholds.

Main roles and responsibilities include:

  • Assessment of in-scope counterparties and transactions, (performs due diligence, initial and annual credit reviews, obligor ratings, reviews deal structures). In-scope counterparties include:
    • Investment Management sector having light regulation, high leverage, and complex or esoteric investment strategy; most commonly Hedge Funds and Proprietary Trading Groups
    • Market Infrastructure Institutions operating as central clearing or exchange that Societe Generale engages in bilateral market activities; CCPs
  • Approval of counterparty limits, thresholds and ratings in accordance with delegated Validation Authorities (initial, annual and ad-hoc reviews).
  • Monitoring of counterparty exposures (including exposure evolution and stressed exposure) vs risk appetite and ongoing counterparty creditworthiness (monthly NAV and performance monitoring, manager discussions,  external news sources, Watchlist).
  • Mitigation of counterparty risk exposure (sets margin terms, collateralization, credit terms for trading and netting agreements, ATE management).

 

Within the global RISQ/RMA/HPC setup, the GSC/HPC team is currently in charge of the following key responsibilities:

  • Collection of credit data (NAV and performance) from Hedge Funds and Proprietary Trading Groups. Timely collecting this data (which is usually private information on these type of counterparties), securing its quality and making it available as early as possible to all risk analysts across HPC is the cornerstone of the ongoing monitoring of our clients’ creditworthiness.
  • The Quick Filter process which is a fast track alternative to onsite due diligence for assignment of investment ratings (i.e. not obligor ratings) on Hedge Funds. Quick Filter is principally used to make a qualitativeassessment of all Hedge Funds pledged as collateral in the context of FoHF financing transactions. It is also used to assess Hedge Funds eligibility for direct investment purpose.

 

As part of its strategic roadmap, HPC will leverage further on the GSC platform with ambitious objectives of growth as a response to the continuous increase of regulatory pressure and requirements.


Profile Required

Profile:

+10 years of experience (at least 5 years managing a production team) .

Strong knowledge of capital market activities and good understanding of the associated risks. Good knowledge of counterparty credit risk is recommended but not mandatory.

Candidate should demonstrate:

-              Strong oversight and ownership of all the production tasks performed in the team.

-              Capacity to exercise critical thinking of the current processes and the data quality (of the input and the output) and deliver alerts when necessary.

-              Continuous improvement oriented mindset. Be able to propose and follow-up of actions to improve processes or remediate recurring issues.

-              Ability to discuss with IT teams or commandos in the context of improvement projects.

-              Good organization and management skills in particular in a context of a significant team ramp-up.


Why Join Us

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”

Business Insight

Societe Generale Global Solution Centre (SG GSC), a 100% owned subsidiary of European banking major Societe Generale (SG), Our role and purpose is to enable the strategic vision of Societe Generale Group. We are doing this by pioneering cutting edge innovation from Design Thinking to Smart Automation & Artificial Intelligence, and applying it to banking.


SG Global Solution Centre provides services in the areas of Application Development and Maintenance, Infrastructure Management, Business Process Management, and Knowledge Process Management, to Societe Generale's business lines around the world.


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.

Job code: 20000FDN
Business unit: SG-SSB
Starting date: 01/10/2020
Date of publication: 15/09/2020
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Operations Manager - Hedge fund

Permanent contract   |   Bangalore   |   Risks