TRAINEE: Funds Counterparty Credit Risk

Trainee|Hong Kong|Risks

TRAINEE: Funds Counterparty Credit Risk

  • Hong Kong, Hong Kong
  • Trainee
  • Risks

Responsibilities

The key purpose of the role is to provide support to RISQ/RMA/HPC analysts in performing the team’s core missions.

  • Provide support to the analysts in credit risk assessments including evaluating stated strategies, the investment process, risk controls, team capabilities, fund particulars (such as structure, fees, liquidity terms and other factors) and an array of quantitative measures, on predominately hedge funds and proprietary trading companies.
  • Provide support to the analysts in preparing due diligence meeting’s minutes and well written and cogent credit memos.  
  • Assist the analysts in their daily monitoring of exposure, addressing daily overshoots across all applicable CCR metrics and escalate any deterioration in credit quality as per Credit Policies.
  • Support the team in production of daily, weekly, and monthly reporting of exposure and overshoots associated risk and analysis and escalation as necessary.
  • Propose ratings using our approved rating models on certain counterparties.
  • Participate in different initiatives run by the team.  
  • Stay connected with industry trends and macro issues which may impact the portfolio; be able to recommend changes or action impacting specific clients or groups of clients.
  • Have a good understanding of the regulatory environment that each of our counterparts operates in.

Profile required

  • Bachelor's degree in finance, Accounting, Economics, or other business-related discipline.  A CFA designation would be highly beneficial.
  • Basic knowledge of counterparty credit risk, OTC & Listed derivatives and/or securities financing transactions.
  • Strong analytical and critical thinking abilities
  • Attention to details; unaffected under high pressure
  • Good written and spoken communication skills in English
  • Proficient in Microsoft Excel, Word, PowerPoint, Power BI. Coding in VBA / Python is a plus.
  • Self-starter with the ability to learn quickly and to meet deadlines.
  • Ability to work independently while understanding when to involve other team members as needed and to work effectively in a team environment.

This is a fixed term 12-month Trainee contract with Societe Generale. You will form part of the team on a full time basis. In order to apply for the Trainee position please ensure you have completed your qualification and will be available to work full time for the duration of the Trainee contract.

Behavioral Skills:

  • Client - Risk: I strive to satisfy clients while taking into account risks for the company
  • Team Spirit - Open mindset: I listen and share my views and my expertise in an open mode
  • Team Spirit - Synergies: I make cooperation with colleagues in and outside my team a priority
  • Innovation - Thinking out of the box/Creativity: I propose new ideas and solutions
  • Responsibility - Risk awareness: I am constantly on the lookout for risks
  • Commitment - Sustainability: I strive to develop my skills and knowledge

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 133,000 employees based in 61 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 specialized 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 customized business solutions to the Societe Generale Group globally including ASIA.

Department Description:

Within the Hong Kong risk department, our team is responsible for the assessment and mitigation of credit counterparty risks on APAC Funds, Proprietary Trading Groups and Central Clearinghouses.

Working with us, you will gain a hands-on experience in counterparty credit risk and will expand your understanding of derivatives products. Last but not least you will discover a stimulating, creative and challenging work environment in an international Investment Bank.

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.

Reference: 24000G41
Entity: Societe Generale Hong Kong Branch
Starting date: 2024/08/01
Publication date: 2024/07/02
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