Sr. Quantitative Advisor

OverviewThe 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.ABOUT THE JOB:The 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 Americas regions (US, Canada, and Latin America).In detail, MRM’s main tasks are:The design of the SG Americas model risk management system, as well as its consistency, integrity, and compliance with regulatory provisions.The independent review of internal models within its scope. The independent review is carried out in accordance with the fundamental principles of the MRM system by extending the due diligence procedures to cover all model aspects required by the regulations (conceptual soundness, implementation, usage, ongoing monitoring of the model carried out by the first line of defense) and in accordance with the scope defined in the context of the oversight.Managing the model approval process within its scope.Monitoring of the models’ performance, effectiveness of the MRM framework, and the model business environment on ongoing basis, and risk management of the model portfolio, ensuring adherence to regulatory requirements.As a Sr. Quantitative Advisor, you will be pivotal in driving the consistent application of the Model Risk framework for Societe Generale’s Americas division, covering a diverse range of model families. Reporting directly to the Senior Management of Model Risks’ Governance and model portfolio management team, you’ll take the lead on managing and maintaining the AMER Model Inventory and the Model Risk Management platform (GRC Platform) — the core system that underpins inventory tracking and model governance across the region. You will be responsible for the development and maintenance of the continuous model monitoring (CMM) framework to assess the models’ performance, effectiveness of the MRM framework, and the model business environment on ongoing basis, and risk management of the model portfolio, ensuring adherence to regulatory requirements.This role demands a deep understanding of the model lifecycle. You’ll be working closely with cross functional teams, including model validators (Paris and NY office), model developers, business stakeholders, IT, auditors with exposure to a variety of models across the business and support functions, including market risk, credit and counterparty risk, compliance, trading algorithms, and investment strategies.If you’re a detail-oriented professional with a passion for enhancing all various aspects of model risk management, this role offers an impactful opportunity within a dynamic, high-stakes environment.What will be your DAY-TO-DAY?In collaboration with the Team Manager you will:Refine the Risk Framework: Enhance SG Americas model risk appetite and management framework.Metrics design and implementation: Develop and implement metrics aimed at monitoring model performance in his/her model scope, including production automation and reporting. Develop and implement business environment metrics based on identification of models’ factors that exploit model limitations or breach model assumptions.Develop and implement metrics: Monitor model performance in your model scope, including production automation and reporting. Develop and implement business environment metrics based on identification of models’ factors that exploit model limitations or breach model assumptions.Implement metrics and reporting dashboards for monitoring of the effectiveness of the MRM framework.Analyze the metrics results and breach management: Liaise with the first line of defense and the validation teams in the management reporting on the model risk evolution and remediation actions. Provide input to MRM and other stakeholders committees.Data Quality: Maintain the quality and consistency of data across different systems and management reporting tools used by MRM. Monitoring of the changes in the model portfolio, including model validation/approval status and execution of the model review plan.Model risk identification and assessment: Design/maintain the scoring process for the model portfolio annual assessment and manage the execution of the process in collaboration with MRM management team.Refine the CMM Framework: Take a leading role in the enhancement of the CMM frameworkOversee Approval Processes: Manage approvals processes for IT releases.Collaborate on Tech Solutions: Partner with technology to build model inventory and workflow solutions.Track and Report Issues: Review and monitor remediation actions and distribute governance materials.RequiredProfile requiredSkills and Qualifications:Must Have:5+ Years of Risk Management Experience: Proven track record in model development, validation, or a front-office quant role.Bachelor’s Degree: Bachelor\'s degree (Master\'s preferred) in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, Engineering, or Mathematics.Technical Proficiency: Strong analytical skills. Strong programing skills in Python and SQL (any other language is a plus), excellent knowledge of BI tools / Microsoft Power BI (preferred) and Microsoft Office. Knowledge of financial products & investment banking processes is a plus.Data Management: Experience working with large datasets and quantitative analysis.Model Risk: Familiarity with model risk management practices and US regulatory requirements (SR 11-07) is a plus.Communication and Autonomy: Excellent written and verbal communication skills for working with both technical and non-technical staff. Autonomy, adaptability, and organizational skills to work independently in a variety of initiatives in dynamic environment.Languages:Ability to communicate in English, both verbally 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 who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (FINRA).OUR BENEFITS:Competitive compensation & benefits offering, including but not limited to:Minimum of 20 Vacation days + 4 personal daysSupportive Maternity, paternity, parental and adoption leave policyHealth spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate familyVarious Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)OUR CULTURE:At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)HYBRID WORK ENVIRONMENT:Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.Diversity and InclusionSociete Generale is an equal opportunity employer and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law. We strive to write our postings as inclusively as possible. If, however, one gender is used alone in this display, it designates persons of all gender identities.Seniority levelMid-Senior levelEmployment typeFull-timeJob functionGeneral Business, Management, and Business DevelopmentIndustries: Financial Services and Investment BankingReferrals increase your chances of interviewing at Societe Generale by 2xGet notified about new Model jobs in Montreal, Quebec, Canada.We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr