Day-to-Day Responsibilities: New Market Risk and P&L Analyst joining MMG/XBC (Cross Business Consolidation Team) will be involved in Profit & Loss (P&L) production, attribution and certification as well as in some Market Risk production, analysis, monitoring, and certification for SG US aggregated business activities. The candidate will be also closely involved in several regulatory initiatives within MMG with a focus on P&L and Market Risk, and will interact with all actors involved in market transactions: Front Office, Risk, Middle Office, Finance, Product Control, Back Office, and Information Technology. The main accountabilities include but are not limited to:
Market Risk and P&L
Ownership of daily production, analysis, certification and official reporting of the P&L and Income Attribution for SG Americas perimeters. Gather and perform all P&L evolution explanation.
Contribute to the effort of improving P&L analysis and comments (understanding of the portfolios and their composition, main drivers of risk and P&L, best way to visualize data).
Continuous streamlining and optimization of P&L and Income Attribution processes and systems using programming for local macros (VBA, Python), and strong participation in global IT projects for the global industrialized tools.
Ownership of the VaR Back Testing performed on Americas trading desk and SG US aggregated levels. In charge to monitor the VaR BT breaches, provide breach explanations, conduct weekly follow-up meeting with different stakeholders, responsible to produce quarterly memo on VaR BT for the management and the Regulators.
Ownership of monitoring the Volcker desk cases in preparation for the quarterly AMER Regulatory Oversight Committee. Responsible to provide explanations and comments on the Volcker trading desk cases for P&L variations and attributions as well as VaR BT breach explanations.
Production of periodic and ad hoc analysis on P&L, Income Attribution, VaR BT for main internal clients (Front Office, Risk) and external clients (FED, ECB, CFTC, etc.).
Maintain strong interaction with several MMG teams in Paris and New York in order to be aligned with the global framework, to optimize processes, etc.
Liaison with other departments to work on transversal, global and regulatory projects.
Be a reliable point of contact for Risk, Front office, Back Office, Finance and Information Technology teams on all metrics produced and certified by MMG/XBC Americas.
Actively contribute in the synergy/conception/realization/improvement of XBC Americas process optimizations and production quality.
Report daily Key Performance Indicators to management.
Formalize and update all procedures, and participate in training new joiners.
Strong understanding in financial products and main market risk metrics
Strong analytical and mathematical skills
Strong Knowledge of risk regulatory requirements and concepts
Proficient Python, VBA, SQL, other scripting languages
Strong Knowledge of Excel, Power Point, and other MS office applications
Strong quantitative orientation and analytical skills
Highly motivated and fast learning individual
Knowledge of market instruments, risk analysis and methodologies / valuation models of financial products
Excellent verbal communication skills with the flexibility to communicate and build relationships with internal and external clients; strong written communication skills; overall strong interaction with key stakeholders of the regulatory initiative
High sense of teamwork: inspire and work well with others
Problem solving skills to get things done
Ability to work in a challenging fast paced environment
5+ years with strong experience as market risk officer or in a similar role
Programming experience using VBA and Python
Previous experience in Market Risk monitoring a plus
Master in Finance, Statistics, Financial mathematics or similar field
MMG - Market Analysts & Certification Community - OVERVIEW Within Société Générale Corporate and Investment Banking, MMG's major missions are to meet the regulatory challenges of tomorrow, to support the development of the business lines and to enable the Group to meet its ambitions in terms of client satisfaction and efficiency, while measuring and monitoring the risks. Ultimately, our task is to ensure that the Front Office and Finance departments are able to carry out their respective roles within a carefully-controlled risk and cost management structure. MMG works closely with other teams within Risk Market Activities and with other departments within RISQ. When you join MMG, you are joining a team of very diverse people who are driven by excellence and whose recognized expertise is dedicated to always better serve our clients. You will be located on the trading floor having daily interactions with Front Officers and Risk Officers with exposure to senior management in New York and Paris. MMG MISSION STATEMENTS Within MMG, you will perform a wide variety of missions including:
Production, analysis, certification, consolidation and reporting of all financial data, and production of risk and regulatory indicators of market and brokerage activities for MMG partners and stakeholders including but not limited to P&L, P&L attribution, VaR, Stressed VaR, Market and Credit Stress Tests, Market Risk sensitivities, Counterparty Risk monitoring, etc.
Support of Business Lines, Risk and Finance departments on regular reports and ad hoc requests
Control and monitoring of risk limits (market and counterparty) and follow up on breaches
Definition and implementation of a control framework aiming to secure the production and certification processes
Maintenance and quality controls of market data related to all businesses
Contribution to the definition of Information System strategies and lead initiatives related to organization and process developments
CAREER DEVELOPMENT MMG seeks to develop the expertise and skill set of each and every one of its employees. Our recognized technical knowledge and capacity for analysis enables us to bring real and lasting value for our business line partners. Moreover, MMG is looking for people who have a variety of strengths and passions, and offers a place to design, propose, create, and implement revolutionary business solutions for our clients.
All our positions are open to people with disabilities
Job code: 19000PEN Business unit: SG CIB Starting date: Immediate Date of publication: 16/10/2019
Internal Number: 6514917
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