RISQ/RMA oversees risks on market activities combining the following missions:
compute, analyse and certify PnL & Risk metrics;
determine the market risk framework, the metrics used to monitor risks and the reserves for market transactions, validate specific transactions (deal flow),and analyse exposure;
determine the counterparty risk management framework for hedge funds and clearing houses (large atypical market participants), validate specific transactions (deal flow),and analyse exposure;
design regulatory market and counterparty RWA models, perform quantitative audits of valuation models, and approve and manage structural risk and liquidity risk models and frameworks;
RISQ/ALM oversees and challenges the following elements:
liquidity risk exposures and processes
the modelisation of available assets over time
the market risk in the banking book exposures.
Located in London, RISQ/RMA/UK oversees risks on market and ALM activities for the UK perimeter. As such, it performs on its perimeter most risk management tasks under the responsibility of RISQ/RMA. RISQ/RMA/MMG's role is to acquire and maintain a strong knowledge of MARK activities to help defining market risk framework / appetite and to provide Market related expertise to other departments. MMG is in charge of production, certification and analysis of all market activities metrics aggregated in core processes, control and monitoring risk limits and follow up on breaches, answer our partners special requests and propose adequate solutions to their needs, implement of risk methodologies, perform regular business review and second level analyses of the risk exposures.
Summary of the key purposes of the role
Analyse the UK Performance and the risk factors (Greeks, stress-tests, VAR, SVAR etc) related to trading activities in compliance with the bank's risk policies and risk appetite.
Help following-up the activity of trading desks in Europe, including close collaboration with teams in charge of data computation and excess follow-up
Follow-up the market moves on a daily basis, in line with the positions on the trading desks
Help contributing to Weekly and Monthly Management reporting with overview of risks, results and exposures
Help detect UK specific market dynamics or alert both UK and Global management about key market events
Help designing and implementing Market and ALM risk frameworks
Help following the Liquidity and structural risk exposures of the UK entities. Work in collaboration with Finance department on the analysis of the risks in order to provide value added commentaries.
Summary of responsibilities
Extract relevant information from periodic reporting to detect trends or assist in performing a cross-asset control
Develops key tools to produce metrics links to overshoot statistics, limits in place, transversal graphs and overall risk metrics deployed at UK level
Communicate with Paris or local risk factor experts on stress test shocks calibration, Stress Test changes impact on UK perimeter, ad-hoc stress testing review, as well key risk factor review mechanisms
Interacts with Risk production teams to develop robust stress testing as well with RISQ-COO team to detailed specifications to ensure risk metrics, risk methodologies and risk limits are properly reviewed and documented from a quantitative point of view.
Develops understanding of main metrics to be able to report on key, high-level synthetic summaries to be included in committee Information Pack, as well as developing additional supporting documents based on management request
Develops in-depth understanding of risk-setting process, Regulatory metrics, Stress Testing (Historical, Hypothetical and Adverse Scenarios)
Profile required
Competencies
Operational Skills - Good level finance technical knowledge
Analytical Skills - understand underlying problematic issues and provide suggestions
Communication Skills - ability to communicate with the trading and other teams
Flexibility /Adaptability - ability to handle special request in short period
Ability to take initiative and think out of the box
Ability to Work Under Pressure - ability to handle very high business requirements
Teamwork - Able to integrate a multi-cultural team
Ability to develop tools
Why join us
People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like "hard work" and "dedication" together with "community" and "respect" has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.
We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.
