Market Product Control Specialist

Societe Generale; New York (NY); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

401(k) plan with company match

Medical/dental/vision insurance

Hybrid work environment

Job summary

Societe Generale is seeking a Risk Management professional to join the division and partner with trading teams to deepen knowledge of business, clients and strategies. The role emphasizes analysis of desk positions, P&L sensitivities and enhancement of P&L/Risk processes using Python.

You will certify Greeks and risk factors, monitor Stress-Tests and regulatory metrics, and collaborate across departments to support valuation and major projects including IBOR transition.

Qualifications

• Master's degree in finance or applicable experience.
• Prior work experience in financial services with good knowledge of Equity Derivatives risk and PnL metrics.
• Understanding valuation components of Equity Derivatives.
• Knowledge of Greeks (Delta, Gamma, Vega, Basis, Forex).
• Strong analytical and mathematical skills.
• Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging.

Responsibilities

• Work closely with trading teams to develop a deep knowledge of their business, clients and strategies.
• Provide a deep analysis of trading desk positions and risk exposures.
• Explain P&L by its attributes tying back to risk sensitivities.
• Continuous enhancement of P&L/Risk processes and systems using Python.
• Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.).
• Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall.
• Monitoring of risk limit consumptions and follow-up of breaches with Front-Office and Risk management.
• Provide explanation about the different metric highlights to trading and senior management.
• Provide analysis and sign off on valuation and risk metrics for new products or major projects such as IBOR transition.
• Work with other departments and Paris head office on transversal and regulatory projects.

Skills

Strong analytical skills

Mathematical skills

Python programming

Self-motivated

Proactive

Education

Master's degree in finance

Job description

• Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies


• Provide a deep analysis of trading desk positions and risk exposures


• Explain P&L by its attributes tying back to risk sensitivities


• Continuous enhancement of P&L/Risk processes and systems using Python


• Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.)


• Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall


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


• Provide explanation about the different metric highlights to trading and senior management


• Provide analysis and sign off on valuation and risk metrics for new products or major projects such as IBOR transition


• Work with other departments and Paris head office on transversal and regulatory projects

Reference 260006IF

Responsibilities

• Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies


• Provide a deep analysis of trading desk positions and risk exposures


• Explain P&L by its attributes tying back to risk sensitivities


• Continuous enhancement of P&L/Risk processes and systems using Python


• Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.)


• Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall


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


• Provide explanation about the different metric highlights to trading and senior management


• Provide analysis and sign off on valuation and risk metrics for new products or major projects such as IBOR transition


• Work with other departments and Paris head office on transversal and regulatory projects

Required

Profile required

DIVISION DESCRIPTION

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.

SKILLS AND QUALIFICATIONS

Must Have

• Master's degree in finance or applicable experience


• Prior work experience in financial services with good knowledge of Equity Derivatives risk and PnL metrics


• Understanding valuation components of Equity Derivatives


• Knowledge of Greeks (Delta, Gamma, Vega, Basis, Forex)


• Strong analytical and mathematical skills


• Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging


• Self-motivated and proactive


• Willingness and desire to learn

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

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.

COMPENSATION

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.