SGS Soci--t-- G--n--rale de Surveillance SA
Location: New York,NY, USA
Date: 2024-11-12T16:28:28Z
Job Description:
Responsibilities
- Covers primarily Hedge Funds, Asset Managers, Proprietary Trading Groups, Family Offices, Pension Funds, and Private Equity Funds.
- Supports Sales on client pitching by providing risk information with the necessary explanation on the risk measures applied to the client's portfolio.
- Assists in due diligence meetings for prospective and existing clients. Assists the Second Line Risk/Credit if requested.
- Performs and provides analyses on
- client strategies and trading patterns
- risks in client portfolios: market risk, liquidity and concentration risks, wrong way risk, etc.
- margin coverage relevance
- risk measurement adequacy
- balance sheet and capital usages if required.
- Identifies emerging risks (market events, client-related early warnings) and escalates to the First Line/Business senior management and the Second Line Risk/Credit.
- Participates in implementing client-specific monitoring, as required.
- Ensures clients exposures are in line with overarching frameworks.
- Ensures Front Office is trained on the Counterparty Credit Risk CCR Framework.Risk Limits
- Proposes new limits and/or renewals of expiring limits.
- Participates in Account Closure and Renewal Processes (Trading Limits and Market Access connections).
- Reviews and provides recommendations for Complex Transactions.Monitoring / Reporting & Overshoot Management
- Ensures first level monitoring of daily limits.
- Comments on limit overshoots and prepares remediation plans in concert with the Front Office.
- Escalates potential client issues to the First Line/Business senior management and the Second Line Risk/Credit.
- Performs Daily, Weekly, Monthly, Quarterly, and Regulatory reporting with relevant drilldowns, as needed.
- Participates in providing material to the relevant committees.
- Monitors margin disputes and aged/failed payments.
- Monitors Uncleared Margin Rule UMR exposures for bilateral clients if applicable.Client Margining
- Defines and updates margining rules with clients, under the constraints of the risk limits.
- Ensures margin levels remain adequate for the risks of the client's portfolio.
- Ensures that margination is set up appropriately in various back office and margination systems.
- Computes or validates ad-hoc margin amounts.
- Liaises with Operations to monitor delayed payment of margin calls and escalates if appropriate.
- Responds to margining inquiries from Operations, the Second Line Risk/Credit, and clients.
- Provides adequate Independent Amount IA quotes for Complex Transactions.
- Participates in updating the IA policy and IA grids.
- Assists Sales in computing risks for a client's portfolio.Client Onboarding
- Provides risk opinion on new clients.
- May be requested to provide portfolio simulations for new clients, including Risk-Weighted Assets RWA impacts.
- Participates in the Legal Documentation negotiation for credit-related terms.Special Projects
- Participates in projects to enhance the productivity of the team.
- Participates in projects to enhance the risk framework.
- Automates various reporting as requested by management and senior members of the team.
- Suggests enhancements to the processes.Profile RequiredRequired:
- Analytical capability and Problem solving: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply them pragmatically.
- Results oriented: Participates in setting goals and meets deadlines to bring value to the team and to the First Line/Business while maintaining high quality work product and safeguarding the bank.
- Interpersonal effectiveness: Is self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest, consideration, and respect in others' opinions.
- Communication Skills: Excellent verbal, writing, and presentation skills with the ability to interact with stakeholders and relay complex technical concepts to both technical and non-technical audiences. Ability to present and escalate issues to Senior Management.
- Client focused with strong advisory skills.
- Organized, detail oriented, and eager to learn.Technical Skills & Knowledge:Required:
- Solid knowledge of financial markets and financial products.
- Good knowledge of derivatives.
- Good knowledge of financial risk, margining, and portfolio analysis techniques: VaR models, Stress Testing, Greeks.
- Good knowledge of hedge funds and investment strategies.Desired:
- Familiar with databases and business intelligence (e.g., Tableau, Power BI, etc.)
- Programming in Python and SQL.
- Good knowledge of Excel.Qualifications (Experience & Education):Required:
- Bachelor's degree in Finance, Economics, Engineering, or Mathematics.
- 4-6 years in risk management, preferably in market risk, model risk, or hedge fund risk.
- Must be a self-starter and be able to operate independently in a fast-paced environment.
- Proven change management abilities.Desired:
- Master's degree
- Good knowledge of Prime Brokerage #J-18808-Ljbffr