Credit & Counterparty Risk Associate - Financial Engineering New York - United States
MMG XRP AMER is a team of 11 in charge of fronting MARK/Prime business line for P&L and credit counterparty risk as well as owning Credit Counterparty Risk (CCR) metrics certification and monitoring for all OTC products for the region.
Our main mission is daily P&L production and certification, performance analysis and process improvements, certification of counterparty credit metrics on market operations, and monitoring the counterparty risk limits.
The new Credit Counterparty Risk Analyst will interact with all actors involved in market transactions: Front Office, Risk, Middle Office, Finance, Product Control, Back Office, and Information Technology. The candidate The main accountabilities include but are not limited to certification of credit counterparty metrics (potential future exposure, also known as CVaR, and credit stress test), 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. Credit metrics certification Daily certification of counterparty credit metrics (CVaR and credit stress test) on market operations With the team, in charge to implement new CCR metrics in AMER (concentration risk, etc.) Manage data quality issues, follow up on resolution with Business Lines and/or Information Technology and optimize/automate processes Stand as a point of contact on all Credit Risk metrics for the Americas. Answer ad hoc requests on computation of counterparty risk metrics (e.g. and explanations, explanation of Pre Deal Check simulation results, etc.) Contribute to different regulatory projects (SR 11-10, SR 11-7...) impacting the Counterparty Credit Risk to represent the department interests Lead initiatives in the conception/realization/improvement of the Excel based tools using VBA and Python programming language Report daily KPI (key performance indicators) to management Credit limits monitoring To ensure on a daily basis the credit overshoot monitoring To censure relevant and methodical analysis of the overshoot by following the procedures and keep a full audit trail of any proof of declaration To provide analysis of the overshoots on a timely manner To ensure the daily scrubbing process and the production of the dedicated reports To initiate and contribute change management with the Front Office and other departments to improve daily work process Communication Good communication skills as the position will require interactions with Business Line management in AMER as well as with other RISQ, DFIN and MARK teams locally and in other regions.
All our positions are open to people with disabilities Profile Competencies: Excellent verbal communications skills with the flexibility to communicate and build relationships with internal clients (Front Office, Risk, Back Office) across different cultures Curiosity, self motivation and passion Integrity and responsibility High sense of teamwork: inspire and work well with others Problem solving skills to get things done Leadership Ability to work in a challenging fast paced environment Technical Skills: Team members need understanding in the following areas: Counterparty credit risk metrics Good knowledge of financial products (Equities, Fixed Income, Commodities...) Strong programming skills in SQL. Proficient in Python or Excel/VBA Work Experience: 1-4 years of experience in traded products with prior experience in counterparty credit risk metrics
Environment 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.
Job code: 190006KH
Business unit: SG CIB
Starting date: Immediate
Date of publication: 01/07/2019