Market Analysis and Certification

Job description

Responsibilities

The position is an integral part of the support team MMG, dedicated to the Fixed Income business line of MARK (Global Markets) at SG Americas offices in New York City. The main missions of the team are to:

·  Produce, certify and publish the risk and P&L metrics of the trading desk;
· 
Help traders understand and manage their positions and risks through various reports and analysis;

· 
Be a major contributor to the different regulatory projects that impact the bank.

The position is located on the trading floor.

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

· 
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. limit excess checks and explanations, monitoring and validating large moves in exposures, 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, SQL and Python

· 
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.

Profile Required

The MMG Group is searching for a Market & Certification Analyst.

The traded financial instruments include bonds, ETF, Indexes and Fixed Income products such as forex, Options, , Swaps, CDS, Currency transactions and structured products.

The responsibilities include:

· 
Working closely with the trading teams to develop a deep knowledge of their business and clients;

· 
Production and certification of Greeks and sensitivities to different risk factors

· 
Monitoring and certification of Stress-Tests and regulatory metrics such as Value-at-Risk;

· 
Contribute to the backtesting of the VaR;

· 
Specific analysis to explain risk exposure and/or business performance to our different partners

· 
Monitoring of risk limit consumptions and follow-up of limit breaches with Front-Office and Risk management;

· 
Certification of the Profit & Loss and Income Attribution of the trading desk;

· 
Publish commentary about the Daily and Monthly P&L to senior management;

· 
Reconciliation of month end Economic P&L to the general ledger;

· 
Liaison with other departments to work on transversal and regulatory projects;

· 
Continuous enhancement of P&L/Risk processes and systems using VBA/Python for macros and ITEC teams for the global industrialized tools;

· 
Creation of daily and weekly Dashboards in order to better monitor the trading activity;

Capabilities – Required Qualification

· 
Competencies

Required:

Strong interpersonal skills

Handle various ad-hoc requests

Prone to take initiatives

Reactive, detail-oriented, driven to work in a fast learning environment

Solid verbal and written communication skills

Ability to prioritize and work in a dynamic, deadline-focused environment

Self-motivated and proactive

Willingness & a strong desire to learn

Desired/ Plus:

· 
Technical skills

Required:

Knowledge of Fixed Income instruments

Strong analytical and mathematical skills

Proficient VBA/SQL programming

Python programming

· 
Prior Work experience

Required:

N/A

Desired/ Plus:

Experience in a financial industry company

· 
Education

Required:

Master in Financial Engineering or Finance

Desired/ Plus:

· 
Languages

Required:

Fluent English

Desired/ Plus:

French

Business Insight

Metrics Monitoring Group is providing financial analysis and reporting to the different partners and stakeholders: Finance, Front-Office and Risk Management divisions.

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: 20000G24
Business unit: SG AMERICAS OPERATIONAL SECURITIES
Starting date: Immediate
Date of publication: 15/07/2020