V.I.E. Credit Risk Analyst

Société Générale; New York (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

Societe Generale is seeking a VIE candidate in New York to join the RISQ/RMA HPC/AME team. The role focuses on assessing CCP risks, monitoring exposures, and supporting quantitative analyses for clearing activities.

Applicants should hold a Master’s degree in Finance or Economics, have a quantitative background, fluent English, and strong communication skills. The program lasts 18 months, with an 3-month prep period and visa considerations.

Qualifications

• Master’s degree in Finance, Economics or a related discipline.
• Previous experience in a quantitative background would be appreciated.
• Fluent in English (B2-C1).
• Good communication and presentation skills.

Responsibilities

• Monitor risk metrics and stress test results on CCPs and create reports for SG committees.
• Continuously monitor CCP exposure and address breaches in CCP limits.
• Develop understanding of CCP risks metrics and exposure.
• Prepare weekly reports on CCP exposures and escalate relevant topics to stakeholders.
• Assist in implementing AI tools to support reviews and processes.
• Assist in CCP annual reviews and due diligence.
• Engage in ad-hoc projects and monitor daily overshoots across metrics.

Skills

Quantitative background

English fluency

Communication skills

Data analysis

Education

Master’s degree in Finance or Economics

Tools

AI tools

Job description

Responsibilities

HPC operates within SG’s risk department on market activities (RISQ/RMA) and provides counterparty risk management for hedge funds, fund of hedge funds, proprietary trading groups and Central Counterparty Clearing Houses (CCPs). As a second line of defense (LOD2), the department provides independent risk control services for SG when SG is exposed to these types of counterparties. It performs full risk assessment including client due diligence, limit setting, counterparty rating as well as monitoring of counterparty risk exposures.

Within the RISQ/RMA/HPC/AME team, CCP analysts focus on assessing the risk on CCPs and related entities (FMIs - financial market infrastructures). His/her main missions will be: (i) assessing the risks related to SG’s clearing activities (for its own account as well as for its clients) with various CCPs, through quantitative and qualitative analysis; (ii) assessing the risks related to SG’s bilateral activities with CCPs and related FMIs; and (iii) monitor risk metrics in SG systems for breaches in clearing or bilateral activity at CCPs.

Responsibilities:

• Monitor SG’s risk metrics and stress test results on CCPs and create reports (PPT and Spreadsheets) on these metrics for SG’s various internal committees.
• Continuously monitor CCP exposure and escape/ address any breaches in CCP limits and thresholds.
• Develop and maintain a deep understanding of the CCP risks metrics and exposure.
• Work on weekly report on changes to CCP exposures and, and report escalation topics and news in the clearing space to stakeholders that includes senior risk management. For instance, monitor changes to CCP rules, regulatory changes, and new products.
• Work on implementing AI tools to assist with the group’s reviews and processes.
• Assist in CCP annual reviews and due diligence.
• Work on ad-hoc projects for HPC group and assist in monitoring daily overshoots across all applicable metrics.

A questionnaire will be provided to you in order to check your VIE (Société Générale and Business France) eligibility. For an efficient analysis of your application, please make sure to truthfully answer all the questions.

Kindly note that it is also mandatory to provide us with a formal proof of your M2 diploma validation before the assignment start date. No VIE mission will start without this document.

*Grade sheets are not accepted as justification of the diploma.

Profile required

PLEASE NOTE that since this program is primarily an international development program, candidates cannot apply to a VIE assignment in their own country of citizenship.

To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.

Studies & experience:

• Graduate with a Master’s degree from a Business/Engineering School or University
  with a specialization in Finance, Economics or a related discipline
• A previous experience in Quantitative background would be appreciated
  Language skills:
• Fluent in English (B2-C1)
• Operational, technical & soft skills:
• Good communication and presentation skills
• Knowledge of the derivatives markets and products - the risks covering OTC and listed products. Some understanding of the workings of FMIs Exchanges and CCPs
• Familiarity with AI tools and applications
• Ability to analyze, interpret, and present complex data clearly and accurately
• Detail-oriented, proactive and prone to take initiative

The VIE assignment in a nutshell

This VIE in New York is to begin as soon as possible, but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 18 months.

In case a visa is necessary, please make sure your passport is valid up to 6 months after the end of the VIE contract to not delay your departure.

The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information (including your financial indemnities), please see Mon VIE-VIA Business France.

Why join us

As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.

At the end of your VIE, various opportunities could be offered to you, in the USA and abroad.

Business insight

At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

Diversity and Inclusion

Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.