Quantitative Risk & Pricing Advisor

Societe Generale; Montreal; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

Societe Generale is seeking a quantified risk management professional for the Global Markets ARD group in Montreal. The role focuses on model risk management, pricing model certification, and documentation compliance within a hybrid work environment.

The candidate should possess a strong quantitative background with 2+ years in a similar role, proficiency in Python, R, and C++/C#, and a Master’s degree in a related field.

Qualifications

• 2+ years of experience in a similar role with a strong quantitative background.
• Strong understanding of pricing models, margining models, and risk metrics.
• Proficiency in Python, R, and C++/C#.

Responsibilities

• Monitor accurately and promptly the pricing and margining models for the AMER branch.
• Continuously improve existing monitoring methodologies to enhance accuracy and efficiency.
• Implement innovative solutions and best practices to streamline the monitoring process.
• Participate in the oversight of the SIMM model and other risk metrics managed by the Global Markets Department.

Skills

Pricing models

Margining models

Risk metrics

Quantitative background

Analytical skills

Communication skills

English-French bilingual (France/US)

Education

Master’s degree in Quantitative Finance, Mathematics, Statistics, Computer Science, or related field

Tools

Python

R

C++/C#

Job description

ABOUT THE JOB:

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

Responsibilities

ABOUT THE JOB:

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

The Global Markets Division provides investment and risk hedging solutions to its corporate and institutional clients. The person will join the R&D group and will be based in Montreal. This group is responsible for developing, implementing, and maintaining analytics, pricing, and risk-management tools for SG. Reporting directly to the local Head, the individual will concentrate on Model Risk Management (MRM) topics.

In this Front Office role working In accordance with the SR 11-7 regulation, SG must continuously review the conceptual soundness, accuracy, and implementation methods of its quantitative models. Throughout the model’s lifecycle, the Risk team issues a list of recommendations classified by different levels of criticality. Within the ARD framework, the MRM team is tasked with implementing and addressing these recommendations across the AMER region.

What will be your DAY-TO-DAY?

• Monitor accurately and promptly the pricing and margining models for the AMER branch.
• Continuously improve existing monitoring methodologies to enhance accuracy and efficiency.
• Implement innovative solutions and best practices to streamline and optimize the monitoring process.
• Participate in the oversight of the SIMM model and other risk metrics managed by the Global Markets Department.
  
  

In this role, you will:

• Work with global stakeholders to design solutions, develop coding architectures, and implement controls addressing quantitative recommendations from audits, RISQ, or regulatory bodies.
• Contribute to thorough and precise documentation of pricing models.
• Support the certification of pricing models, ensuring appropriate model ratings.
• Guarantee that all documentation complies with internal standards and regulatory requirements.
  
  

Required

Profile required

Skills and Qualifications:

Must Have:

• Strong understanding of pricing models, margining models, and risk metrics.
• 2+ years of experience in a similar role with a strong quantitative background.
• Proficiency in programming languages such as Python, R, and C++/C#.
• Strong analytical skills with exceptional attention to detail.
• Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
• Master’s degree in Quantitative Finance, Mathematics, Statistics, Computer Science, or a related field.
  
  

Languages: French and English

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).

Business insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

OUR CULTURE:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

D&I:

Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision:

• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients
  
  

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:

Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable business lines will determine and communicate the work arrangements that best meet their business needs.