Senior Advisor, Modelling
3 weeks ago
The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.
Model Risk Management (MRM) team embedded within the Risk Management function in SG CIB oversees model risk management. MRM is responsible for the second line of defense for model risk and supervises the model risk management function for the SG America regions (US, Canada, and Latin America). In this respect, MRM notably oversees the SG America’s governance for model risk and conducts the independent review of the models in its scope.
In detail, MRM’s main tasks are:
- The design of the SG America’s model risk management system, as well as its consistency, integrity, and compliance with regulatory provisions.
- Managing the model approval process within its scope.
- Monitoring of the models’ performance and effectiveness of the MRM framework on an ongoing basis.
The Quantitative Advisor will execute independent review of business models under both US and Canada regulations, working closely with cross-functional teams, including business stakeholders, model developers, model validators (Paris and NY office), IT, and auditors. Presentation of validation analysis to senior management is in the scope of this role.
In collaboration with Senior Quantitative Advisors and the team Manager, the Quantitative Advisor will:
- Model Review: Independently assess model design and conceptual soundness by conducting quantitative analyses, statistical tests, and developing challenger models for benchmarking.
- Data Quality: Verify the quality and consistency of data inputs, transformations, and outputs.
- Output Analysis: Perform backtesting, benchmarking, and sensitivity analysis to evaluate model performance.
- Ongoing Monitoring: Regularly assess model performance and recommend adjustments.
- Model Governance: Evaluate governance aspects, including change management and ongoing monitoring.
- Collaboration: Work closely with front-office staff, model developers, and risk managers.
Skills and Qualifications:
Must Have:
- Education: Bachelor's degree (Master's or PhD preferred) in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, or STEM.
- Experience: Minimum 3 years in model development, validation, or a front-office quant role; fewer years accepted with a PhD.
- Technical Proficiency: Strong programming skills in Python, R, C++, or similar.
- Data Management: Experience working with large datasets and quantitative analysis.
- Model Risk: Familiarity with model risk management practices and regulatory requirements.
- Additional Skills: Experience with credit risk or compliance risk models. li>
Languages: French and English
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
Why join us
OUR BENEFITS:
- Minimum of 20 Vacation days + 4 personal days
- Supportive maternity, paternity, parental, and adoption leave policy
- Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories
- Various Employee Resource Groups (ERG) to engage with
- A culture of continuous development by encouraging our employees various training programs
OUR CULTURE:
D&I:
Our Diversity & Inclusion Mission: p>
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site.
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ResponsibilitiesABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together...
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Montreal, Canada SGS Société Générale de Surveillance SA Full timep>ResponsibilitiesABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together...
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