Prime Services Risk Advisor

The Americas Risk and Scarce Resources Counterparty Credit Risk team (RSR/CCR) acts as the 1st Line of Defense CCR risk team within MARK. The Risk Advisor covers:
Principal Scope: Bilateral Trading Activities where any SG MARK Trading Desk is a Principal of the activity.
The team is primarily responsible for the following areas:
Limit Recommendations
Client Margining
Ensure that the risk limits remain in line with:
Changes in Clients risk profile
Scarce Resource targets (Profitability, RWA, Balance Sheet, LRE, NSFR, Cash, LCR)
Day-To-Day ResponsibilitiesSupervision of Junior Staff and RSR AMER Management Interaction
Supervise and manage work of two associates or analysts
Work with onshore CCR RSR AMER management to set priorities for Montreal team
Ensure timely completion of work assigned to Montreal team
Manage time off / ensure back ups, handle HR issues
Set specific objectives, provide regular feedback and perform annual reviews of Montreal team
Maintain list of existing and new bespoke reporting and systematically and periodically reviewing for potential automation enhancement
Prioritize the creation of new Tableau dashboards for bespoke client and activity reporting
Development of Risk Management Tools
Prioritize multiple analytics projects and creates technical specifications for the industrialization of risk management prototypes in concert with partners.
Suggest enhancements and participate in projects to enhance the productivity of the team.
Participate in projects to enhance the risk framework
Create various analytics dashboards as requested by management
Automate various tasks and reporting as requested by management, senior members of the team or partners.
Bespoke Agency and Principal Client & Activity Monitoring / Reporting / Escalation
Ensure coverage of daily first level bespoke monitoring and reporting on agency and principal clients
Ensure coverage of daily first level bespoke monitoring and reporting on agency and principal activities
Ensure appropriate commentary and reporting / escalating as needed
Participate in providing material to the relevant committees (e.G., Counterparty Credit Risk Committee “CCRC”, Liquidity and Concentration Committee, etc.).
Act as back up for intraday pnl reporting for holidays and outages
Work with onshore team to create / produce portfolio level reporting and dashboards for weekly, monthly and quarterly committees
Sample Portfolios and Margin Impacts for Transfers
Manage Sample Portfolio assignment of urgent and / or complex sample client portfolios, and if needed, running various metrics including VAR, CMFST, margins for discussion and review with RSR coverage analyst.
Perform and provide analyses on a limited subset of clients
Client strategies and trading patterns
Risks in client portfolios: market risk (systemic, idiosyncratic or dislocation/basis risks), liquidity and concentration risks, wrong way risk, etc.
Margin coverage relevance
Margin period of risk relevance
Scarce resource usage if required.
Identify emerging risks (market events, client-related early warnings) and escalates to RSR CCR onshore team, RISQ and Sales.
Participate 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 subset of client exposures are in line with global frameworks (e.G., financing envelopes for specific assets, CCP limits, etc.)
Propose new limits and / or renewals and margination regimes on upcoming expired limits to RSR onshore team and / or RISQ for validation.
Overshoot Management
Comment overshoots and prepare remediation plans in concert with Front Office for assigned clients.
Escalate potential client issues to RSR, Sales and RISQ for assigned clients
Monitor margin disputes and aged/failed payments.
Client Margining
Define and updates margining rules for assigned clients, under the constraints of the risk limits.
Ensure margin levels remain adequate for the risks of the client’s portfolio.
Ensure that margination is set up appropriately in various back office and margination systems.
Profile requiredMust have:
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.
Interpersonal 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 elevate issues to Senior Management.
Client focused with strong advisory skills.
Organized, detail oriented and eager to learn.
Technical Skills & Knowledge:
Solid knowledge of financial markets and financial products.
Supervisory experience
3+ years Counterparty credit risk monitoring / credit experience
Good quantitative knowledge of products within Prime brokerage
Good knowledge of risk measurement techniques: VaR models, Stress Testing, Greeks.
Programming in Python and SQL.
Nice-to-have:
Familiar with databases and business intelligence (e.G., Tableau, Power BI, etc.)
Object oriented programming, API, Threading, Front end (angular/react), Java.
Good knowledge of hedge fund strategies.
Good knowledge of Excel.
Qualifications (Experience & Education):
Bachelor’s degree in Finance, Economics, Computer Science, Engineering or Mathematics.
7-10 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.
Nice-to-have:
Good knowledge of Prime Brokerage and Hedge Funds
LANGUAGE:Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
Due to US Federal Securities law that may apply to this position, candidates who will apply for this position may be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).
Business insightSociete 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 (
D&I:Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (
#J-18808-Ljbffr