HPC CCP Analyst HPC CCP Analyst …

SOCIETE GENERALE
in London, United Kingdom
Permanent, Full time
Be the first to apply
Negotiable
SOCIETE GENERALE
in London, United Kingdom
Permanent, Full time
Be the first to apply
Negotiable
To provide counterparty risk management for hedge funds, proprietary trading groups and CCPs. The team provides independent risk control services for SG when exposed to these counterparty client types. Performing risk assessment (due diligence, limit and rating validation) monitoring (exposure and counterparty creditworthiness) and risk mitigation processes for all core business lines within the SG Group that transact with, invest in, or take HF shares as collateral

  • Located in London, the role is for an analyst within the global RISQ RMA HPC team

Description of the Business Line or Department

  • The role of RISQ RMA HPC is to provide for counterparty risk management for hedge funds, proprietary trading groups and CCPs. The team provides independent risk control services for SG when exposed to these counterparty client types. Performing risk assessment (due diligence, limit and rating validation) monitoring (exposure and counterparty creditworthiness) and risk mitigation processes for all core business lines within the SG Group that transact with, invest in, or take HF shares as collateral.

Summary of the key purposes of the role

  • Located in London, the role is for an analyst within the global RISQ RMA HPC team

The key purposes of the role will be:

  • Assessing the risks related to SG's clearing activities (for its own account as well as for its clients) with various CCPs, through quantitative and qualitative analysis;
  • Assessing the risks related to SG's bilateral activities with CCPs;
  • Contribute to the definition, set up and enhancement of risk metrics, methodologies and procedures used for CCP risks assessment and monitoring at SG level.
  • The role also requires transversal, transformation project involvement for which a good knowledge of key RISQ processes and requirements and excellent communication and organisational skills will be required.

Summary of responsibilities

  • CCP Risk Management - the incumbent will be responsible for a portfolio CCPs will focus on assessing the risk on those CCPs and related entities (FMIs - financial market infrastructures) including:

  • Individual CCPs risk assessment regarding clearing risk
    • Assess the first level analysis produced by MARK/RSR (1st line of defense, within front office) regarding the risks related to individual CCPs;
    • When needed, conduct further analysis through CCP rule books, specific due diligence (assessing for instance the rules and procedures put in place by CCPs, associated documentation et financial statements), and risk metrics analysis;
    • Liaise with SEGL/JUR (legal) and OPER (operations) departments, regarding legal and operational aspects;
    • Write holistic risk analysis reports and make recommendations to the management regarding limits.
  • Potential participation to CCPs consultations, working groups and risk committees;
  • Deal flow: assess the risk related to bilateral transactions with CCPs, liaising with Front Office and relevant departments when needed, notably RISQ/ALM (liquidity risk management) and DFIN (finance) regarding liquidity aspects, and validate within delegations or make recommendations to the management;
  • Participate to the overall governance and projects around CCPs risk management (risk monitoring projects, definition and maintenance of rating models, set up of dedicated stress tests, …);
  • Participate to the analysis conducted through New Product Committees on activities that involve relations with CCPs (either clearing or bilateral);
  • Participate to the strategic surveillance of the market and regulatory context of CCPs, to propose relevant adaptations of the risk framework;
  • Projects: work on ad hoc and periodic projects around methodologies and tools, including procedures applied by the team.

  • HPC Transformation - playing role, as required by HPC management, in projects relating to HPC's roadmap and transformation, in addition to developing a deeper understanding of HPC's broader key roles, responsibilities and counterparty types.

Competencies

  • Solid knowledge in finance and risks, covering OTC and listed products
  • Good knowledge CCPs (activities, structures and operations)
  • Good quantitative skills
  • Good notions about the regulations
  • Rigor and reliability in the execution of procedures
  • Relevancy and objectivity in the analysis
  • Adaptability, anticipation, autonomy, dynamism and pragmatism
  • Good analysis and synthesis abilities
  • Good communication skills; articulate orally and in written form; fluent in English

  • Leadership model:
    • Team spirit: the employee encourages collective success; cooperation behavior both internally and with partners
    • Innovation: the employee will create conditions that encourages innovation
    • Responsibility: The employee acts with integrity and in ethical manner, respecting procedures, adhering to risk culture, and with good knowledge of compliance stakes
    • Commitment: the employee is committed to the role and inspires others; reactivity to business requests
    • Client orientation: the employee actively promotes process and behavior that serves the clients' needs while continuing to provide strong risk management.

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