Credit & Counterparty Risk Associate - Financial Engineering New York

Our main mission is daily CVAR valuation and certification, performance analysis and process improvements, refining and monitoring counterparty credit metrics on market operations, and providing oversight on monitoring the counterparty risk limits.

This role requires interaction with all stakeholders involved in market transactions: Front Office, Risk, Middle Office, Finance, Product Control, Back Office, and Information Technology.

The main accountabilities include but are not limited to refining and implementing processes and data quality metrics for monitoring of credit limits, producing and commenting on management and regulatory reporting, enhancement and data quality project management, contribution to Regulatory topics and projects, participation in local and global projects impacting MMG/XRP.

Profile Required

Competencies:

Familiarity with VAR, Stress Testing and factor analyses as well as general regulatory requirements for risk measures and control

Excellent analytical and quantitative skills

Excellent communication skills and time management; ability to work as part of the team and as an individual contributor

Technical Skills:

Strong Excel and SQL skills; familiarity with Python is a plus

Work Experience:

3+ years of experience in Credit Risk measurement and scenario analyses, risk reporting, counterparty risk assessment, or exposure control

Education:

Bachelor's degree in finance, economics, business or related field

Master's degree or CFA/FRM certification is a plus

Business Insight

MMG - Market Analysts & Certification Community - OVERVIEW
Within Société Générale Corporate and Investment Banking, MMG's major missions are to meet the regulatory challenges of tomorrow, to support the development of the business lines and to enable the Group to meet its ambitions in terms of client satisfaction and efficiency, while measuring and monitoring the risks. Ultimately, our task is to ensure that the Front Office and Finance departments are able to carry out their respective roles within a carefully-controlled risk and cost management structure. MMG works closely with other teams within Risk Market Activities and with other departments within RISQ.

When you join MMG, you are joining a team of very diverse people who are driven by excellence and whose recognized expertise is dedicated to always better serve our clients. You will be located on the trading floor having daily interactions with Front Officers and Risk Officers with exposure to senior management in New York and Paris.
MMG MISSION STATEMENTS
Within MMG, you will perform a wide variety of missions including:

Production, analysis, certification, consolidation and reporting of all financial data, and production of risk and regulatory indicators of market and brokerage activities for MMG partners and stakeholders including but not limited to P&L, P&L attribution, VaR, Stressed VaR, Market and Credit Stress Tests, Market Risk sensitivities, Counterparty Risk monitoring, etc.

Support of Business Lines, Risk and Finance departments on regular reports and ad hoc requests

Control and monitoring of risk limits (market and counterparty) and follow up on breaches

Definition and implementation of a control framework aiming to secure the production and certification processes

Maintenance and quality controls of market data related to all businesses

Contribution to the definition of Information System strategies and lead initiatives related to organization and process developments

CAREER DEVELOPMENT
MMG seeks to develop the expertise and skill set of each and every one of its employees. Our recognized technical knowledge and capacity for analysis enables us to bring real and lasting value for our business line partners. Moreover, MMG is looking for people who have a variety of strengths and passions, and offers a place to design, propose, create, and implement revolutionary business solutions for our clients.

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000M76
Business unit: SG CIB
Starting date: Immediate
Date of publication: 11/12/2019