Prime Services Risk Advisor - Vice President

Permanent contract|New York|Corporate & Investment banking

Prime Services Risk Advisor - Vice President

  • New York, United States
  • Permanent contract
  • Corporate & Investment banking

Responsibilities

Portfolio Analysis, Front Office and Client Interaction

  • Covers primarily Hedge Funds, Asset Managers, Proprietary Trading Groups, Family Offices, Pension Funds and Private Equity Funds.
  • Supports Sales on client pitching by providing risk information with the necessary explanation on the risk measures applied to the client’s portfolio.
  • Assists in due diligence meetings for prospective and existing clients. Assists the Second Line Risk/Credit if requested.
  • Performs and provides analyses on
    • client strategies and trading patterns
    • risks in client portfolios: market risk, liquidity and concentration risks, wrong way risk, etc.
    • margin coverage relevance
    • risk measurement adequacy
    • balance sheet and capital usages if required.
  • Identifies emerging risks (market events, client-related early warnings) and escalates to the First Line/Business senior management and the Second Line Risk/Credit.
  • Participates in implementing client-specific monitoring, as required.
  • Ensure clients exposures are in line with overarching frameworks.
  • Ensure Front Office is trained on the Counterparty Credit Risk “CCR” Framework.

Risk Limits

  • Proposes new limits and / or renewals of expiring limits.
  • Participates in Account Closure and Renewal Processes (Trading Limits and Market Access connections).
  • Reviews and provides recommendation for Complex Transactions.

Monitoring / Reporting & Overshoot Management

  • Ensures first level monitoring of daily limits.
  • Comments limit overshoots and prepares remediation plans in concert with the Front Office.
  • Escalates potential client issues to the First Line/Business senior management and the Second Line Risk/Credit.
  • Performs Daily, Weekly, Monthly, Quarterly and Regulatory reporting with relevant drilldowns, as needed.
  • Participates in providing material to the relevant committees.
  • Monitors margin disputes and aged/failed payments.
  • Monitors Uncleared Margin Rule “UMR” exposures for bilateral clients if applicable.


Client Margining

  • Defines and updates margining rules with client, under the constraints of the risk limits.
  • Ensures margin levels remain adequate for the risks of the client’s portfolio.
  • Ensures that margination is set up appropriately in various back office and margination systems.
  • Computes or validates ad-hoc margin amounts.
  • Liaises with Operations to monitor delayed payment of margin calls and escalates if appropriate.
  • Responds to margining inquiries from Operations, the Second Line Risk/Credit and clients.
  • Provides adequate Independent Amount “IA” quotes for Complex Transactions.
  • Participates in updating the IA policy and IA grids.
  • Assists Sales in computing risks for a client’s portfolio.

Client Onboarding

  • Provides risk opinion on new clients.
  • May be requested to provide portfolio simulations for new clients, including Risk-Weighted Assets “RWA” impacts.
  • Participates in the Legal Documentation negotiation for credit related terms.

Special projects

  • Participates in projects to enhance the productivity of the team.
  • Participates in projects to enhance the risk framework.
  • Automates various reporting as requested by management and senior members of the team.
  • Suggests enhancements to the processes.

Profile required

Required:

  • Analytical capability and Problem solving: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply them pragmatically.
  • Results oriented: participates in setting goals and meets deadlines to bring value to the team and to the First Line/Business while maintaining high quality work product and safeguarding the bank.
  • Interpersonal effectiveness: is self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest, consideration and respect in others opinions.
  • Communication Skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders and ability to relay complex technical concepts to both technical and non-technical audiences. Ability to present and escalate issues to Senior Management.
  • Client focused with strong advisory skills.
  • Organized, detail oriented and eager to learn.

Technical Skills & Knowledge: 
Required:

  • Solid knowledge of financial markets and financial products.
  • Good knowledge of derivatives.
  • Good knowledge of financial risk, margining and portfolio analysis techniques: VaR models, Stress Testing, Greeks.
  • Good knowledge of hedge funds and investment strategies.

Desired:

  • Familiar with databases and business intelligence (e.g., Tableau, Power BI, etc.)
  • Programming in Python and SQL.
  • Good knowledge of Excel.

Qualifications (Experience & Education):
Required:

  • Bachelor’s degree in Finance, Economics, Engineering or Mathematics.
  • 4-6 years in risk management, preferably in market risk, model risk or hedge fund risk.
  • Must be a self-starter and be able to operate independently in a fast-paced environment.
  • Proven change management abilities.

Desired:

  • Master’s degree
  • Good knowledge of Prime Brokerage

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:
For most positions, 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.

Reference: 24000H2K
Entity: SG Americas Securities
Starting date: 2024/08/12
Publication date: 2024/06/24
Salary or Compensation Range: $126,000 - $275,000
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