Job Location: New York, NY
Responsibilities
Responsibilities
The SGUS Risk on Market Activities Department (“RISQ/AME/RMA”) is organized under the authority of the US Chief Risk Officer (“CRO”). It constitutes the primary independent risk management function (second line of defense “2nd LOD”) for market and structural activities and ensures the continuous and independent oversight of risks generated on a large range of the SGUS businesses under both normal and stressed conditions.
Under the US Chief Risk Officer (“US CRO”), the RISQ/AME/RMA Department establishes and maintains a framework that is both appropriate for the size, complexity, and risk profile of SGUS and aligned with the Market Activities and Risk tolerance defined within SG RAS. The purpose of the framework is to capture SGUS’s material risks and confirm that the bank operates within the approved risk tolerance.
The functions performed by RISQ/AME/RMA Department are critical components of the bank’s Enterprise Risk Management function. The RISQ/AME/RMA Department is actively involved in market activities business transactions by influencing and challenging risk-taking decisions. The RISQ/AME/RMA Department can escalate items of concern or interest to Senior Management through the ERC process. The US CRO can escalate issues to senior management (through the RiskCo) and the SG Board USRC when activities do not align with the firm’s overall market risk
During your VIE mission you will be in charge of these responsibilities:
- Daily Counterparty Credit Risk Monitoring;
- Compute Credit Value-At-Risk calculations on exotic payoffs
- Help in the workflow in case of credit risk limit breaches
- Participate in continuous improvement of our daily daily monitoring (automation, improving tools and pricers, work closely with risk managers and FO to define and validate risk factors)
- Help document methodologies and processes
- Projects
- Work on new pricing methodology for the Credit Value-at-Risk of exotic payoffs
- Update of Credit Value-at-Risk Indicative Level for FO for divers products
- Develop new tools (e.g. tool to formalize a large quantity of correction at once, excel interface, etc.)
Profile Required
Profile
Graduate with a Master degree from Business/Engineering School or University with a specialization in Finance
A previous experience in 1 year would be appreciated
Good communication and presentation skills
Proficient/Good command of MS Office
Fluent in English
The VIE assignment in a nutshell
This VIE in New-York is to begin as soon as possible but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 18 months.
The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space.
Please see Civiweb www.civiweb.com, in order to have more details regarding your financial indemnities.
We would like to draw your attention to the fact there that your VIE mission could potentially get postponed, depending on the evolution of the health crisis and subjects to the decision made by the Crisis and Support Centre of the Ministry of Europe and Foreign Affairs (MEAE). In addition, the selected candidate will only be paid upon confirmation from Business France and arrival in the country of assignment.
To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.
Why join us
As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.
At the end of your VIE, various opportunities could be offered to you, in France and abroad.
Business insight
At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.
Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.
If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!
Still hesitating?
You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.
Submit CV To All Data Science Job Consultants Across United States For Free