Senior Counterparty Credit Risk Officer

Permanent contract|Hong Kong|Risks

Senior Counterparty Credit Risk Officer

Hong Kong, Hong Kong Permanent contract Risks

Responsibilities

Responsibilities:

  • The successful candidate’s main missions will be:
  • Assess the creditworthiness of Funds, PTG and CCPs.
  • Enforce and enhance a risk framework to maintain exposure within the group’s risk appetite.
  • Monitor counterparty credit exposure on an ongoing basis.
  • Lead/contribute to transversal/roadmap projects as required.
  • Contribute to reporting on CCR to Senior Management.

Mission details

Credit Assessment

  • Perform recurring due diligence of a portfolio of Funds, PTG and CCPs.
  • Write credit reviews.
  • Define, implement and maintains the specific counterparty risk framework required for the agency business.
  • Propose/validate internal ratings.

Risk framework

  • Negotiate legal documentation terms and covenants.
  • Review 1LOD limit requests and approve deal flow.
  • Follow the evolution of margining methodology and internal systems capabilities.
  • Propose / implement risk framework enhancements.
  • Participate to New Product Committees.

Ongoing monitoring

  • Monitor CCR metrics, failed trades/payments, and margin call disputes.
  • Perform in-depth portfolio analysis.
  • Liaise with counterparts in Europe and in the US on cross-region topics.
  • Know and comply with the applicable regulations, rules and procedures.
  • Stay tuned with market and industry developments.

Profile required

Profile Requirements:

Specific skills

  • Solid knowledge of the Hedge Fund industry and risk assessment.
  • Additional experience with Mutual Funds would be considered an advantage.
  • In-depth understanding of Funds Prime Brokerage, Clearing, Flow and Exotics Trading businesses.
  • Good fundamentals in finance and market risks, covering OTC and listed products.
  • Familiarity with CCP risk is a plus.

Required education and experience

  • Post graduate degree in finance, economics, or mathematics.
  • At least 5 years experience in financial markets, in a Front Office or Risk position.

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 148,000 employees based in 76 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

Within SG Market Risk department (RISQ/RMA), HPC is the 2LOD team in charge of managing the Counterparty Credit Risk (“CCR”) towards Hedge Funds, Proprietary Trading Groups (“PTG”), Mutual Funds and Central Clearinghouses (“CCP”).

The scope covers all operations originated in APAC. that are conducted within the Global Banking & Investor Solutions (GBIS) business line and whose risks are managed and monitored in APAC.

Activities include Prime Brokerage, Clearing, Flow and Exotics Trading.

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: 21000S1C
Entity: Societe Generale Hong Kong Branch
Starting date: 2021/11/01
Publication date: 2021/09/15
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