Responsibilities
As a Senior Member of the HPC team, the successful candidate will:
- Identify and frame CCR risk arising from activities with funds and CCPs.
- Contribute to local and global projects to enhance risk metrics, monitoring tools and procedures in regards of activities with Funds and
- Be the main expert within RISQ/RMA regarding Prime business and CCR overall.
- Assume a leadership role within the team.
Mission details
Funds and CCPs Credit Risk Cycle
- Review First Line Of Defense (1LOD) counterparty credit risk assessment, formulate recommendations and approve limits within Delegated Authority.
- Lead due-diligence of hedge fund clients in the portfolio and propose credit ratings and write annual review memos.
- Ongoing monitoring of client portfolio: Limit Overshoots, Market News, Early Warning Indicators, Credit Events.
- Challenge margining levels proposed by 1LOD.
- Ramp-up knowledge of CCP risk (secondary mission): review CCP rule books, participate to CCPs consultations and industry forums.
Counterparty Credit Risk Management
- Contribute to various local and global CCR instances.
- Provide opinion to the New Product Committee.
- Contribute to local and global projects to enhance risk metrics, monitoring tools and procedures.
- Hands-on client portfolio deep-dives: assess tail market risk from a given client strategy, identify blind spots in existing risk monitoring.
- Routinely review portfolio margining requirements.
Team Leadership
- Interact on a regular basis with Senior Management within the Risk Department and Business Lines.
- Maintain a close working relationship with other teams within the Market Risk Department.
- Respond to internal and external audit requests.
- Coordinate the team’s handling of BAU tasks and projects.
- Groom Junior Members of the team.
Profile required
Specific skills
- Solid experience in managing counterparty credit risk.
- First hand knowledge of the Prime Brokerage and Clearing business.
- Proven track record in engaging with senior stakeholders and in communicating clearly to a wide audience.
- Recognized leadership skills in an international environment.
- Solid knowledge in finance and market risks, covering OTC and listed products
- Familiarity with the relevant regulatory environment.
Required education and experience
- Post graduate degree in finance, economics, or mathematics
- At least 10 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. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale seeks to build together with its clients, a better and sustainable future through responsible and innovative financial solutions. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 employees and supports 25 million individual clients, businesses and institutional investors worldwide (figures as of August 2023). We have a presence in 11 locations across Asia Pacific. With our regional headquarters in Hong Kong – a core hub of the worldwide Societe Generale Group – we employ around 2,300 employees in the region. In addition, Societe Generale's Global Solution Centre (SGGSC) in Bangalore and Chennai supports the Group in Asia Pacific and globally with customized business solutions.
Department Description
Within SG market risk department (“RISQ/RMA”), “HPC” is the Second Line Of Defense (2LOD) team in charge of mitigating the Counterparty Credit Risk (“CCR”) from the group’s business with Hedge Funds, Mutual Funds and Central Clearinghouses (“CCP”s). In addition, HPC is instrumental in the enhancement of Counterparty Credit Risk management practices across all client types.Like all departments within RISQ division, it adheres to the philosophy of complete independence from commercial activities. It is a control function, not a support function to the business.
Scope
The team’s coverage includes:
- Hedge Funds, Mutual Funds, CCPs domiciliated in Asia.
- Global Banking and Investor Solutions (“GBIS”) transactions that are originated in Asia and the risks of which are managed and monitored in Asia.
- Cash, Derivatives and Prime business.
- All Asset Classes across Equities and FICC.
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, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.