V.I.E. Credit Risk Analyst

Societe Generale; New York (NY); On-site; USD 60,000 - 90,000; Full time

Job summary

Societe Generale in New York is offering a VIE assignment focused on CCP risk management within the RISQ/RMA/HPC/AME teams. The role involves assessing risks related to SG’s clearing activities with CCPs, monitoring FMIs, and supporting AI-enabled reviews.

You will engage in quantitative and qualitative analyses and contribute to risk reporting for senior management. The position requires a Master's degree in Finance/Economics or related field, fluent English (B2-C1), and a quantitative

Qualifications

• Graduate with a Master’s degree from a Business/Engineering School or University.
• Specialization in Finance, Economics or a related discipline.
• A previous experience in quantitative background would be appreciated.

Responsibilities

• Monitor SG’s CCP risk metrics and stress test results and create reports for SG committees.
• Continuously monitor CCP exposure and address breaches in limits and thresholds.
• Develop and maintain understanding of CCP risk metrics and exposure.
• Prepare weekly reports on changes to CCP exposures and escalation topics in the clearing space.
• Assist in CCP annual reviews and due diligence.
• Work on ad-hoc projects for HPC group and monitor daily overshoots across metrics.

Skills

Quantitative background

Communication skills

Derivatives knowledge

AI tools familiarity

Data analysis

Detail oriented

Education

Master's degree

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.

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.

Work on implementing AI tools to assist with the group's reviews and processes.

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.

Required

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.