Senior Advisor, Modelling
2 months ago
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 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, effectiveness of the MRM framework, and the model business environment 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 and statistical tests.
- Data Quality: Verify the quality and consistency of data inputs and outputs, using advanced statistical techniques.
- Output Analysis: Perform backtesting and benchmarking to evaluate model performance.
- Ongoing Monitoring: Regularly assess model performance, recommending adjustments based on changes in market conditions.
- Model Governance: Evaluate governance aspects, including change management.
- 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.
Due to US Federal Securities law applying to this position, candidates will be required to submit to an enhanced background screening.
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 eligible reimbursement categories
- Fully sponsored virtual healthcare assistance and Employee Assistance Program
- Various Employee Resource Groups (ERG) to engage with
- A culture of continuous development by encouraging our employees through 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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