Hedge Funds, Corporates and Complex Transaction CCR Advisor

The Americas Hedge Funds, Corporates and Complex Transaction Client Risk Team (RSR/CCR/FCC) “FCC” acts as the 1st Line of Defense  risk team for Counterparty Credit Risk “CCR” in relation to Hedge Funds, Proprietary Trading Groups, Family Offices, Mutual Funds, and other clients trading Complex Transactions (e.g. Exotic Trades, Alternative Risk Transfer, etc.). The Risk Advisor covers:

• Agency Scope: Prime Services & Clearing (PSC) activities within the Equity Derivatives (EQD) Business Line in Global Markets (MARK)

• Principal Scope: Bilateral Trading Activities where any MARK Trading Desk is a Principal of the activity. It includes Equity Derivatives (EQD), Fixed Income and Currencies (FIC) andDistribution and Credit Solutions (DCS).

The team is primarily responsible for the following areas:

Portfolio Analysis

Limit Recommendations

Client Margining

Risk Monitoring

Limit Overshoot Management

Ensure that the risk limits remain in line with:

-        SG Risk Appetite

-        Changes in Clients risk profile

-        Scarce Resource targets (Profitability, RWA, Balance Sheet, LRE, NSFR, Cash, LCR)

Day To Day Responsabilities :

Portfolio Analysis, Front Office and Client Interaction

• Supports Sales on client pitching by providing risk information with the necessary explanation on how SG define risk and how measures are applied to client portfolios.

• Assists in due diligence meetings for prospective and existing clients and assists RISQ if requested.

• Performs and provides analyses on

o   Client strategies and trading patterns

o   Risks in client portfolios: market risk (systemic, idiosyncratic or dislocation/basis risks), liquidity and concentration risks, wrong way risk, etc.

o   Margin coverage relevance

o   Margin period of risk relevance

o   Scarce resource usage if required.

• Ensures relevance of Risk framework by engaging in on-going discussions with clients regarding their activity.

• Identifies emerging risks (market events, client-related early warnings) and escalates to MARK senior management and RISQ.

• Participates in implementing specific post-conditions (for example if a framework/a limit is approved with post-conditions) and/or exceptions if needed. Ensure such post-conditions and/or exceptions are monitored, annually reviewed and renewed.

• Ensure clients exposures are in line with global frameworks (e.g., financing envelopes for specific assets, CCP limits, etc.)

• Ensure Front Office is trained on the CCR Framework.

Risk Limits

• Proposes new limits and / or renewals on upcoming expired limits to MARK senior management and RISQ for validation.

• Participates in Account Closure and Renewal Processes (Limits and Sponsored Direct Market Access “SDMA” connections).

• Reviews and provides recommendation for Complex Transactions (e.g., Alternative Risk Transfers, etc.)

Monitoring / Reporting & Overshoot Management

• Ensures first level monitoring on EOD risk and agency specific limits.

• Comments overshoots and prepares remediation plans in concert with Front Office for FCC clients.

• Escalates potential client issues to RISQ and MARK senior management.

• Performs Daily, Weekly, Monthly, Quarterly and Regulatory reporting as needed (drill down as relevant).

• Participates in providing material to the relevant committees (e.g., Counterparty Credit Risk Committee “CCRC”, Liquidity and Concentration Committee, etc.).

• Monitors margin disputes and aged/failed payments.

• Monitors Uncleared Margin Rule “UMR” regulatory overshoots for bilateral clients if applicable.

Client Margining

• Defines and updates margining rules with client, under the constraints of the risk limits.

• Ensures margin levels remain adequate for the risks of the client’s portfolio.

• Ensures that margination is set up appropriately in various back office and margination systems.

• Computes or validates ad-hoc margin amounts.

• Liaises with GBSU Operations to monitor delayed payment of margin calls and escalates if appropriate.

• Responds to margining inquiries from GBSU, RISQ and clients.

• Provides adequate Independent Amount “IA” quotes for Complex Transactions.

• Participates in the updates of the IA policy and IA grids.

• Assists Sales in computing Standard Initial Margin Model “SIMM” amounts for new transactions covered by UMR.

Client Onboarding

• Provides risk opinion on new clients and participates in the PSC Business Acceptance Committee (BAC) as needed.

• Provide portfolio simulations for new clients, including RWA impacts and Profitability.

• Participates in the Legal Documentation negotiation for credit related terms

Special projects

• Participates in projects to enhance the productivity of the team.

• Participates in projects to enhance, develop and implement new and existing risk frameworks.

• Automates various reporting as requested by management and senior members of the team.

• Suggests enhancements to the processes.

Competencies:

Required:

• Analytical capability and Problem solving: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply them pragmatically.

• Results oriented: participates in setting goals and meets deadlines to bring value to FCC and MARK while maintaining high quality work product and safeguarding the bank.

• I

  nterpersonal effectiveness: is self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest, consideration and respect in others opinions.

• Communication Skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders and ability to relay complex technical concepts to both technical and non-technical audiences. Ability to present and escalate issues to Senior Management.

• Client focused with strong advisory skills.

• Organized, detail oriented and eager to learn.

Technical Skills & Knowledge:

Required:

• Solid knowledge of financial markets and financial products.

• Good knowledge of vanilla derivatives.

• Good knowledge of financial risk, margining and portfolio analysis techniques: VaR models, Stress Testing, Greeks.

Desired:

• Familiar with databases and business intelligence (e.g., Tableau, Power BI, etc.)

• Programming in Python.

• Good knowledge of Excel.

Qualifications (Experience & Education):

Required:

• Bachelor’s degree in Finance, Economics, Engineering or Mathematics.

• 5-7 years in risk management, preferably in market risk, model risk or hedge fund risk.

• Must be a self-starter and be able to operate independently in a fast-paced environment.

• Proven change management abilities.

Desired:

• Master’s degree

• Good knowledge of Prime Brokerage

• Good knowledge of Hedge Funds

Required Registrations :

3 & 7 preferred

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/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

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.