Market Product Control Specialist
Responsibilities
- Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies
- Provide a deep analysis of trading desk positions and risk exposures
- Explain P&L by its attributes tying back to risk sensitivities
- Continuous enhancement of P&L/Risk processes and systems using Python
- Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.)
- Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall
- Monitoring of risk limit consumptions and follow-up of breaches with Front-Office and Risk management
- Provide explanation about the different metric highlights to trading and senior management
- Provide analysis and sign off on valuation and risk metrics for new products or major projects such as IBOR transition
- Work with other departments and Paris head office on transversal and regulatory projects
Profile required
DIVISION DESCRIPTION:
The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage, and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.
SKILLS AND QUALIFICATIONS:
Must Have:
- Master's degree in finance or applicable experience
- Prior work experience in financial services with good knowledge of Equity Derivatives risk and PnL metrics
- Understanding valuation components of Equity Derivatives
- Knowledge of Greeks (Delta, Gamma, Vega, Basis, Forex)
- Strong analytical and mathematical skills
- Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging
- Self-motivated and proactive
- Willingness and desire to learn
Business insight
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.
COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.