SGS Société Générale de Surveillance SA
Prime Services Risk Advisor - Vice President
SGS Société Générale de Surveillance SA, New York, New York, us, 10261
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 Required Required: 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 ability to 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
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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 Required Required: 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 ability to 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
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