Junior Capital and Liquidity Specialist

ABOUT THE JOB:

The Finance Department of Global Banking and Investor Solutions (GBIS) is a global organization with a local presence. Our core mission in the Americas involves delivering sound financial reports, supporting Business Units, Service Units and General Management with financial and strategic steering, effectively scrutinize business plans, and offering good advice on the efficient use of our capital, liquidity, and funding resources. The Finance Department performs independent certification of all financial aggregates and creates the daily P&L explanation on market activities. In addition, our robust teams also oversee and execute cross-business projects in the financial and regulatory areas of the industry by providing expertise on accounting, prudential and tax norms while ensuring compliance.

DFIN’s Asset and Liability Management Department (DFIN/ALM) in in charge of the following activities:

·       Maintains and provides Liquidity Expertise for the Americas Region

·       Liquidity model ownership, including model design and calibration (first line of defense)

·       2nd level review and explanation of Liquidity Dashboard and Reporting exposures – including regular presentation of the report to Management and the business lines

·       General Secretary of the ALCO – Ensures it is regularly held, prepared and properly minuted

·       Scarce Resources Steering – proposes and monitors liquidity targets and limits

·       Adherence to Liquidity Regulatory Requirements

·       Liquidity and funding risk management and execution

·       Conducts balance sheet monitoring, associated limit framework monitoring and structural risk monitoring

·       Reviews major strategic initiatives that would have significant impact on balance sheet structure and risk

What will be your DAY-TO-DAY?

ALM is seeking to add a Liquidity Modeler to their team in the near future. Day-to-day responsibilities will include, but not be limited to:

·       Annual Model Review:  support of annual model review, including updating and adding to existing models and documentation.  Provide high quality documentation with quantitative and qualitative explanation of the models, their implementations and the business behavior.

·       Ad hoc portfolio and (stressed) balance sheet analysis.  Stress test by business line analysis.

·       Weekly review of LST results, including all drivers of stressed balance sheet, and commentary for presentations of the LST

·       Driving liquidity modeling projects, including the following efforts:

·       Participate in the design and implementation of the models and (large) data set analytics, usually Excel-based.  

·       Describe modeling and liquidity risk in documentation (Power Point, Word formats)

·       Test and validate the models implemented including unit tests and non-regressions tests

·       Enhance business line analysis of stress testing

·       Collaborating with Treasury, Second Line of Defense (2LOD) / Risk department, various business lines, Operations to ensure completeness and accuracy of the business being modeled

·       Collaborating with Liquidity Reporting, IT, Data Quality and other functions supporting the implementation of the models

Skills and Qualifications:

Must Have:

• Undergraduate or Master’s Degree in one of the following areas Accounting, Business, Finance, Mathematics, Engineering, or Computer Science
• Established knowledge in one or more types of funding or asset product lines (Deposits, Loans, Secured Funding, FCM, Prime Brokerage), or extensive Accounting / Balance Sheet knowledge
• 1-3 years of industry experience
• Financial Balance Sheet knowledge
• Excel Skills:  Data management, Pivot Tables
• Ability to translate technical modeling and business line analysis into various written formats, succinctly and clearly
• Strong written and verbal communication skills with ability to interface with key partners
• Leadership, project management, and effective liaison between business, quantitative research and technology teams.

Nice to Have:

• Applied Math or Data Analytics, Data Science, Statistics and time series analysis skills
• Skilled in programming using an Object-Oriented Language (e.g, Python)
• Prior experience in either ALM / Treasury / Business line (e.g., Capital Markets or Loans) departments
• Prior liquidity / capital stress testing, or IRRBB modeling
• Knowledge of IT modeling tool (In-house:  FARMS; External: QRM)

Languages:

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).

OUR BENEFITS:

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive compensation & benefits offering, including but not limited to:

• Minimum of 20 Vacation days + 4 personal days 
  • Supportive Maternity, paternity, parental and adoption leave policy 
  • Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)

Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family

Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.

• A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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:
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.