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:

• Agency Scope: Prime Services & Clearing (PSC) activities
• 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:

• Portfolio Analysis
• Limit Recommendations
• Client Margining
• Risk Reporting & Monitoring
• Limit Overshoot Management

Ensure that the risk limits remain in line with:

• SG Risk Appetite
• Changes in Clients risk profile
• Scarce Resource targets (Profitability, RWA, Balance Sheet, LRE, NSFR, Cash, LCR)

Day-To-Day Responsibilities Supervision 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

Database Maintenance, Report Automation & Enhancements

• 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.

Portfolio Analysis

• 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 escalate 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.)

Risk Limits

• 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.