Quantitative Advisor – Model Risk Management

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team.

The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

The Global Markets Division provides investment and risk hedging solutions to its corporate and institutional clients. The person will join the R&D group and will be based in Montreal. This group is responsible for developing, implementing, and maintaining analytics, pricing, and risk-management tools for SG. Reporting directly to the local Head, the individual will concentrate on Model Risk Management (MRM) topics.

In accordance with the SR 11-7 regulation, SG must continuously review the conceptual soundness, accuracy, and implementation methods of its quantitative models. Throughout the model’s lifecycle, the Risk team issues a list of recommendations classified by different levels of criticality. Within the ARD framework, the MRM team is tasked with implementing and addressing these recommendations across the AMER region.

Responsibilities

The successful candidate will:

- Monitor accurately and promptly the pricing and margining models for the AMER branch.
- Continuously improve existing monitoring methodologies to enhance accuracy and efficiency.
- Implement innovative solutions and best practices to streamline and optimize the monitoring process.
- Participate in the oversight of the SIMM model and other risk metrics managed by the Global Markets Department.

In this role, you will:

- Work with global stakeholders to design solutions, develop coding architectures, and implement controls addressing quantitative recommendations from audits, RISQ, or regulatory bodies.
- Contribute to thorough and precise documentation of pricing models.
- Support the certification of pricing models, ensuring appropriate model ratings.
- Guarantee that all documentation complies with internal standards and regulatory requirements.

Profile Required

Skills and Qualifications:

Must Have:

- Strong understanding of pricing models, margining models, and risk metrics.
- 2+ years of experience in a similar role with a strong quantitative background.
- Proficiency in programming languages such as Python, R, and C++/C#.
- Strong analytical skills with exceptional attention to detail.
- Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
- Master’s degree in Quantitative Finance, Mathematics, Statistics, Computer Science, or a related field.

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.

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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.

Diversity & Inclusion

Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

- Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
- Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
- Engage our community and marketplace, and position the organization to meet the needs of all its clients

Benefits

Competitive compensation & benefits offering, including but not limited to:

- 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 (health, training, electronics etc.)
- Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family
- Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.

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