Quantitative Advisor (Model Risk Governance)

Societe Generale; Montreal; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial services company is seeking a Quantitative Advisor to oversee model risk management. The role involves managing the model inventory, developing monitoring frameworks, and ensuring compliance with regulations. Ideal candidates will have a strong background in risk management and quantitative analysis, along with proficiency in Python and SQL. Excellent communication skills are essential for collaborating with cross-functional teams.

Qualifications

• 3+ years of risk management experience, including model development or validation.
• Fluency in English, both oral and written, is required.

Responsibilities

• Manage and maintain the AMER Model Inventory and the Model Risk Management platform.
• Develop and implement metrics to monitor model performance and environment.

Skills

Risk Management

Quantitative Analysis

Communication

Education

Bachelor's degree in a quantitative field

Master's degree

Tools

Python

SQL

Power BI

Job description

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The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage, and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.

ABOUT THE JOB :

Model Risk Management (MRM) team embedded within the Risk Management function in SG CIB oversees model risk management. MRM is responsible for the second line of defense for model risk and supervises the model risk management function for the SG America regions (US, Canada, and Latin America).

In detail, MRM’s main tasks are :

• The design of the SG America’s model risk management system, as well as its consistency, integrity, and compliance with regulatory provisions.
• The independent review of internal models within its scope. The review is carried out in accordance with fundamental principles of the MRM system, covering all model aspects required by regulations (conceptual soundness, implementation, usage, ongoing monitoring) and defined scope.
• Managing the model approval process within its scope.
• Monitoring model performance, effectiveness of the MRM framework, and the model business environment, ensuring regulatory compliance.

As a Quantitative Advisor, you will:

• Manage and maintain the AMER Model Inventory and the Model Risk Management platform (GRC Platform).
• Develop and maintain the continuous model monitoring (CMM) framework.
• Work closely with cross-functional teams including model validators, developers, stakeholders, IT, and auditors across various models and functions.

This role requires a deep understanding of the model lifecycle and collaboration across teams to ensure effective risk management.

DAY-TO-DAY Responsibilities include:

• Refining the Risk Framework and managing the Model Inventory.
• Overseeing approval processes for models.
• Developing and implementing metrics to monitor model performance and environment.
• Analyzing metrics and breach management, liaising with stakeholders.
• Supporting regulatory and audit preparations.
• Collaborating with technology teams on model inventory and workflow solutions.
• Tracking and reporting issues and remediation actions.

Required Skills and Qualifications :

• 3+ years of risk management experience, including model development or validation.
• Bachelor’s degree (Master’s preferred) in a quantitative field.
• Proficiency in Python, SQL, and BI tools such as Power BI.
• Experience working with large datasets and quantitative analysis.
• Familiarity with model risk management practices and US regulations (SR 11-07) is a plus.
• Excellent communication skills, autonomy, and organizational skills.

Languages : Fluency in English, both oral and written, is required.

Additional notes include background screening requirements due to US Federal Securities law.

Employment type : Full-time

Job function : General Business, Management, Business Development, Financial Services, Investment Banking