INTERNSHIP - Credit Counterparty Risk

Job description

Responsibilities

This role requires interaction with all stakeholders involved in market transactions: Front Office, Risk, Middle Office, Finance, Product Control, Back Office, and Information Technology.

The main accountabilities include but are not limited to refining and implementing processes and data quality metrics for 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

CAREER DEVELOPMENT

This is a 6 month (potentially extended to another 6 months) internship role in a NYC based team.

MMG XRP CCR is a team of 5 that owns Credit Counterparty Risk (CCR) metrics certification and monitoring for all OTC products for the region.

Our main mission is daily certification of counterparty credit metrics on market operations, performance analysis and process improvements, data quality remediation and monitoring the counterparty risk limits.

The new Counterparty Credit 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 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

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Daily certification of counterparty credit metrics (CVaR and credit stress test) on market operations

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With the team, in charge to implement new CCR metrics in AMER (concentration risk, etc.)

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Manage data quality issues, follow up on resolution with Business Lines and/or Information Technology and optimize/automate processes

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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. limit excess checks and explanations, monitoring and validating large moves in exposures, explanation of Pre Deal Check simulation results, etc.)

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Contribute to different regulatory projects (SR 11-10, SR 11-7…) impacting the Counterparty Credit Risk to represent the department interests

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Lead initiatives in the conception/realization/improvement of the Excel based tools using VBA, SQL and Python

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Report daily KPI (key performance indicators) to management

Credit limits monitoring

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To ensure on a daily basis the credit overshoot monitoring

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To censure relevant and methodical analysis of the overshoot by following the procedures and keep a full audit trail of any proof of declaration

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To provide analysis of the overshoots on a timely manner

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To ensure the daily scrubbing process and the production of the dedicated reports

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To initiate and contribute change management with the Front Office and other departments to improve daily work process

Communication

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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.

Profile Required

Competencies Needed:

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Excellent verbal communications skills with the flexibility to communicate and build relationships with internal clients (Front Office, Risk, Back Office) across different cultures

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Curiosity, self motivation and passion

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Integrity and responsibility

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High sense of teamwork: inspire and work well with others

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Problem solving skills to get things done

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Leadership

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Ability to work in a challenging fast paced environment

Technical Skills Needed:

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Counterparty credit risk metrics (understanding VAR, Stress Test, Greeks)

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Understanding of statistics and Monte Carlo simulations

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Good knowledge of financial products (Equities, Fixed Income, Commodities…)

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Strong programming skills in SQL. Proficient in Python or Excel/VBA

Work Experience:

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1-4 years of experience in traded products with prior experience in counterparty credit risk metrics

Business Insight

Our main mission is daily CVAR valuation and certification, performance analysis and process improvements, refining and monitoring counterparty credit metrics on market operations, and providing oversight on monitoring the counterparty risk limits.

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000G23
Business unit: SG AMERICAS OPERATIONAL SECURITIES
Starting date: Immediate
Date of publication: 06/08/2020