Credit Officer
Responsibilities
Credit Officer (SG Americas Operational Services, LLC, New York, NY)
Perform hedge fund and fund of hedge funds due diligence including the review of relevant documentation,
analyzing investment and operational risks, performing background checks, arranging and attending onsite due diligence meetings and drafting well-written, cogent, due diligence documents; Provide analysis
and assist in opining on transactions and associated risks and limits; Maintain a deep understanding of the
counterparty risks metrics and exposures; Active continuous monitoring across a broad range of metrics
and indicators and management of counterparty exposures in accordance with developing market
conditions, counterparty risk profile and defined risk appetite; Follow up on limit, threshold and policy
breaches and maintain up to date risk information and the ongoing monitoring of hedge fund performance
and creditworthiness; Enforce procedures designed to mitigate against losses in the event that a hedge
fund defaults, including assisting in negotiating credit terms of legal documents (e.g. ISDA ATEs),
negotiating and opining on Independent Amounts or margin requirements; Challenge the front office
requests, approve specific credit files and limits (per prevailing policy requirements) and the associated
credit ratings; Approve specific one-off transactions as required and facilitate the approval of files that are
to be escalated further; Handle validation requests on credit limits and internal ratings, as well as approval
of certain types of trades within delegated credit approval authority (where applicable); and Develop, test,
and deliver solutions relating to assigned projects and goals as applicable. Telecommuting permitted 2 days
per week. When not telecommuting, must report to New York office. Salary: $135,000-$240,000 per year
Profile required
MINIMUM REQUIREMENTS: Bachelor’s degree or U.S. equivalent in Finance, Financial Engineering, or
related field, plus 2 years of professional experience as a Finance Analyst, Risk Analyst, or any
occupation/position/job title involving product control and market risk analysis.
Must also have the following: 2 years of professional experience performing product control and market risk
analysis and validation (including profit and loss metrics) in support of a fixed income or derivatives trading
desk; 2 years of professional experience performing product control and market risk analysis across asset
classes (including Rates, Equity and Clearing products); 2 years of professional experience analyzing
hedge fund and proprietary trading industry and legal structures, strategies, and risks (including
counterparty credit risk); and 2 years of professional experience analyzing trading firm structures and
trading strategies.
LINK TO EMPLOYEE REFERRAL PROGRAM: Incentives offered through the firm's Employee Referral Program are applicable to this position. For more information, please visit our "Employee Referral Program" link in the Human Resources section of our intranet under the Talent Management tab at: http://entrenet.us.world.socgen/support_groups/human_resources/talent_management/employee_referral_program.html
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.