VP/Director, Global Markets Risk and Scarce Resources, Asia Pacific
Responsibilities
- Monitor markets, change of policies and events, in particular in Asia, that can affect exposures and business development
- Monitor trading activities from a front-office perspective, including analysing and understanding risks, and identifying areas of risk concentration
- Provide an effective challenge to front-office on risk taking and risk limit utilisation
- Assist the Trading desk with limit changes, one-off transaction approvals, validation of new products or new business and work with them on maintaining the SG risk framework consistency
- Monitor business and entity limit consumptions, with a pro-active understanding of the dynamics of the consumptions so that alerts can be raised in anticipation of potential breaches of limits and thresholds.
- Liaise with Risk Department to formalize the market risk limit requirements for the Asian perimeter
- Escalate risk issues and exceptions according to internal governance and prepare concise reporting to management.
- Conduct a continuous monitoring of business needs and priorities through regular discussions with the business lines, follow-up of relevant business committees, allowing Risk and Scarce Resources (RSR) to pro-actively propose subjects to be submitted to risk review committees
- Ensure cooperation and knowledge/information/best practice diffusion within Global Markets and the Risk department
- Large autonomy in daily management / daily tasks
Profile required
- The focus of this role is to cover the Market Risks of Equity Markets and Products in Asia Pacific. The role is based in Hong Kong.
- A background in Equities trading and/or Equities risk management is preferred
- Extended experience of Asian financial markets and products is preferred
- Understanding of linear products, deliverable/non-deliverable markets, basis, repo
- Understanding of risk of complex products (autocallable, range accrual, variance swap, corridor variance swap, vol target), across all asset classes
- Strong capacity to interact with other departments, with Global Markets Trading Desk Heads, and to challenge traders
- Ability to understand and challenge business needs based on exchanges with highly technical stakeholders (i.e. traders, risk experts) on a large variety of subjects.
- Experience in implementing and strengthening risk and control frameworks
- Excellent communication skills both written and verbal (i.e. ability to present information in a well-structured, clear and concise manner).
- Strong analytical, problem-solving and organizational skills.
- Ability to prioritize and work in a dynamic, deadline-focused environment.
- Proactive and detail-oriented, able to work independently with minimal supervision.
- Strong partnering skills (“team player”).
Behavioral Skills
- Client - Client focus: I put long term relationship with our clients at the center of my actions, whatever my position
- Team Spirit - Collective mindset: I favour the team’s interest over my own results
- Innovation - Thinking out of the box/Creativity: I propose new ideas and solutions
- Responsibility - Courage: I express my convictions and make decisions with courage and respect.
- Commitment - Inspiration: I support the vision and the strategy
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 customised business solutions.
Department Description
- The Risk and Scarce Resource (RSR) team in Asia is part of the Global Markets department. The role of RSR as an first line of defense team includes:
- Monitoring market, credit and country risks, and monitoring the consumption of scarce resources for Global Markets Asia Pacific
- Working with trading desks to define, monitor and request market risk limits
- Producing analysis of risks of activities or of new products as needed
- Liaising with the RSR/Asset Liability Management team in Paris for efficient allocation of scarce resources such as leverage exposure, Liquidity Coverage Ratio, Net Stable Funding Ratio and unsecured funding
- Providing Global Market management with a clear visibility on market, counterparty and country risks
- Supporting the development of Global Markets while ensuring that risks are monitored and clearly understood
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.